{"id":395079,"date":"2020-12-08T07:03:35","date_gmt":"2020-12-08T12:03:35","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=395079"},"modified":"2020-12-08T07:03:35","modified_gmt":"2020-12-08T12:03:35","slug":"tomagold-announces-the-start-of-drilling-at-obalski","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/tomagold-announces-the-start-of-drilling-at-obalski\/","title":{"rendered":"TomaGold announces the start of drilling at Obalski"},"content":{"rendered":"

\nCorporation starts 2,500-metre drilling program to confirm historical drill results and better define Obalski\u2019s A-PO zone
\n<\/h2>\n
\n

MONTREAL, Dec. 08, 2020 (GLOBE NEWSWIRE) — TOMAGOLD CORPORATION (TSXV:\u00a0LOT) <\/strong>(\u201cTomaGold<\/strong>\u201d or the \u201cCorporation<\/strong>\u201d) is pleased to announce that it has started drilling on its Obalski property. This initial seven-hole, 2,500-metre drilling program will verify historical results obtained from holes OBS-88-030, S-51-010 (which encountered massive sulfides) and OBS-87-002, with holes to be drilled on the same cross-sections, 30 metres above and 30 metres below the historical values. The main purpose of this drilling program is to better define the A-PO zone intersected on sections 120E and 450E, as only a few holes were drilled on these two sections, which lie 330 metres apart.<\/p>\n

The A-PO zone was intersected in three holes drilled on S<\/u>ection<\/u> 120E<\/u>:<\/p>\n\n\n\n\n\n\n\n
\n Hole<\/strong>\n <\/td>\n\n From<\/strong>
\n (m)<\/strong>\n <\/td>\n		\n To<\/strong>
\n (m)<\/strong>\n <\/td>\n		\n Length<\/strong>
\n (m)<\/strong>\n <\/td>\n		\n Au<\/strong>
\n (g\/t)<\/strong>\n <\/td>\n<\/tr>\n
OBS-88-004<\/td>\n234.3<\/td>\n237.4<\/td>\n3.1<\/td>\n6.07<\/td>\n<\/tr>\n
OBS-88-009<\/td>\n319.1<\/td>\n322.2<\/td>\n3.1<\/td>\n2.06<\/td>\n<\/tr>\n
OBS-87-002<\/td>\n393.5<\/td>\n425.6<\/td>\n32.3<\/td>\n2.01<\/td>\n<\/tr>\n
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 I<\/em>ncluding<\/em><\/td>\n393.5<\/td>\n399.9<\/td>\n6.4<\/td>\n1.98<\/td>\n<\/tr>\n
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 I<\/em>ncluding<\/em><\/td>\n416.7<\/td>\n421.8<\/td>\n5.1<\/td>\n8.20<\/td>\n<\/tr>\n<\/table>\n

The A-PO Zone was intersected in three holes drilled on S<\/u>ection<\/u>45<\/u>0E<\/u>:<\/p>\n\n\n\n\n\n\n\n\n
\n Hole<\/strong>\n <\/td>\n\n From<\/strong>
\n (m)<\/strong>\n <\/td>\n		\n To<\/strong>
\n (m)<\/strong>\n <\/td>\n		\n Length<\/strong>
\n (m)<\/strong>\n <\/td>\n		\n Au<\/strong>
\n (g\/t)<\/strong>\n <\/td>\n<\/tr>\n
OBS-88-029<\/td>\n280.3<\/td>\n286.2<\/td>\n5.9<\/td>\n7.42<\/td>\n<\/tr>\n
OBS-88-030<\/td>\n375.8<\/td>\n388.7<\/td>\n12.9<\/td>\n1.04<\/td>\n<\/tr>\n
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 I<\/em>ncluding<\/em><\/td>\n377.3<\/td>\n380.0<\/td>\n2.7<\/td>\n2.61<\/td>\n<\/tr>\n
OBS-88-027<\/td>\n466.6<\/td>\n479.8<\/td>\n13.2<\/td>\n0.74<\/td>\n<\/tr>\n
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 I<\/em>ncluding<\/em><\/td>\n472.2<\/td>\n474.5<\/td>\n2.3<\/td>\n1.20<\/td>\n<\/tr>\n
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 I<\/em>ncluding<\/em><\/td>\n476.4<\/td>\n479.1<\/td>\n2.7<\/td>\n1.60<\/td>\n<\/tr>\n<\/table>\n

Based on observation of the sections, the ratio of true thickness to core length is estimated at 60% for longer holes and 80% for shorter holes.<\/p>\n

\u201cOur data compilation of Obalski\u2019s 60,000 metres of drill results, which has enabled us to produce a preliminary 3D model based on Obalski\u2019s historical results (see Obalski 3D model<\/a>), seems to show that the property holds strong gold, copper and silver exploration potential,\u201d said David Grondin, President and CEO of TomaGold. \u201cPreviously known largely for its unique copper veins, the Chibougamau-Chapais mining camp now has a new vocation, with significant exploration targeting typical massive sulphide (VMS) mineralization and gold deposits typical of the Abitibi Volcanic Belt in Quebec and Ontario. Our technical team is very knowledgeable about the area and has designed an exploration program aimed at finding additional gold-copper-silver mineralization at this former producer.\u201d <\/p>\n

\n
\n Oba<\/u>
\n <\/strong>
\n
\n lski 3D model<\/u>
\n <\/strong> is available at https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/63c0b129-825b-41bb-86c2-65c1238c4ed9<\/a><\/p>\n

Assaying (gold, multi-elements and whole rock) was performed at three different independent laboratories: Chimitec Ltd., Bourlamaque Assay Laboratories Ltd. and Metriclab (1980) Inc. Cyanidation test work was also done at Lakefield Research. No standards or blanks were introduced into the assaying chain by Syngold Exploration, which carried out diligent re-sampling of the mineralization. Report GM-48538 (Sigeom) included the assay certificates but did not provide any information on the sample preparation and assaying procedure or the internal control results for the laboratories. The above values have been recalculated from the original assays, taking into consideration the re-assaying done by Syngold Exploration in 1988.<\/p>\n

\n TomaGold considers these values as historical <\/strong>
\n only<\/strong>
\n ,<\/strong>
\n and<\/strong>
\n is using them<\/strong>
\n solely to plan the drilling program aimed at verifying the mineralization intersected by the <\/strong>
\n earlier <\/strong>
\n drill holes. <\/strong>\n <\/p>\n

The technical content of this press release has been reviewed and approved by Andr\u00e9 Jean, P.Eng., the Corporation\u2019s Director of Exploration and a qualified person under National Instrument 43-101.<\/p>\n

\n About the <\/strong>
\n Obalski <\/strong>
\n p<\/strong>
\n roperty<\/strong>
\n
The Obalski property, which covers 345 hectares, including a 33-hectare mineral concession, lies about 2\u00a0km south of Chibougamau, Quebec. Discovered in 1928, the Obalski deposit produced 100,273 tonnes at grades of 1.14% Cu, 2.08 g\/t Au and 6.04 g\/t Ag from the A zone between 1964 to 1972, and around 9,000 tonnes at a reported grade of 8.5 g\/t Au from the D zone in 1984 (Source: SIGEOM and Camchib Exploration internal reports). <\/p>\n

\n About TomaGold<\/strong>
\n
TomaGold Corporation (TSXV: LOT) is a Canadian mineral exploration corporation engaged in the acquisition, assessment, exploration and development of gold mineral properties. TomaGold has interests in five gold properties near the Chibougamau mining camp in northern Quebec: Obalski, Monster Lake East, Monster Lake West, Hazeur and Lac Doda. It also participates in a joint venture with Evolution Mining Ltd and New Gold Inc., through which it holds a 24.5% interest in the Baird property, near the Red Lake mining camp in Ontario.<\/p>\n

\n
\n Contact:<\/u>
\n <\/strong>
\n
David Grondin
President and Chief Executive Officer
(514) 583-3490
www.tomagoldcorp.com<\/a><\/p>\n

\n Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Some of the statements contained in this press release are forward-looking statements within the meaning of applicable securities laws. Forward-looking statements can be identified by the use of words such as \u201cexpects\u201d, \u201cintends\u201d, \u201cis expected\u201d, \u201cpotential\u201d, \u201csuggests\u201d or variations of such words and phrases or statements that certain actions, events <\/em>
\n or results \u201cmay\u201d, \u201ccould\u201d, \u201cwould\u201d, \u201cshould\u201d, \u201cmight\u201d or \u201cwill\u201d be taken, occur or be achieved. Forward-looking statements are<\/em>
\n not historical facts and are subject to a number of risks and uncertainties beyond the Corporation\u2019s control. Readers are cautioned that such statements are not guarantees of future performance and that actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this press release. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation undertakes no obligation to publicly update or revise any forward-looking statements, except as required by law.<\/em>\n <\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Corporation starts 2,500-metre drilling program to confirm historical drill results and better define Obalski\u2019s A-PO zone MONTREAL, Dec. 08, 2020 (GLOBE NEWSWIRE) — TOMAGOLD CORPORATION (TSXV:\u00a0LOT) (\u201cTomaGold\u201d or the \u201cCorporation\u201d) is pleased to announce that it has started drilling on its Obalski property. This initial seven-hole, 2,500-metre drilling program will verify historical results obtained from holes OBS-88-030, S-51-010 (which encountered massive sulfides) and OBS-87-002, with holes to be drilled on the same cross-sections, 30 metres above and 30 metres below the historical values. The main purpose of this drilling program is to better define the A-PO zone intersected on sections 120E and 450E, as only a few holes were drilled on these two sections, which lie 330 metres apart. The … <\/p>\n

Continue reading “TomaGold announces the start of drilling at Obalski”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-395079","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nTomaGold announces the start of drilling at Obalski - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/tomagold-announces-the-start-of-drilling-at-obalski\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TomaGold announces the start of drilling at Obalski - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Corporation starts 2,500-metre drilling program to confirm historical drill results and better define Obalski\u2019s A-PO zone MONTREAL, Dec. 08, 2020 (GLOBE NEWSWIRE) — TOMAGOLD CORPORATION (TSXV:\u00a0LOT) (\u201cTomaGold\u201d or the \u201cCorporation\u201d) is pleased to announce that it has started drilling on its Obalski property. This initial seven-hole, 2,500-metre drilling program will verify historical results obtained from holes OBS-88-030, S-51-010 (which encountered massive sulfides) and OBS-87-002, with holes to be drilled on the same cross-sections, 30 metres above and 30 metres below the historical values. The main purpose of this drilling program is to better define the A-PO zone intersected on sections 120E and 450E, as only a few holes were drilled on these two sections, which lie 330 metres apart. 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This initial seven-hole, 2,500-metre drilling program will verify historical results obtained from holes OBS-88-030, S-51-010 (which encountered massive sulfides) and OBS-87-002, with holes to be drilled on the same cross-sections, 30 metres above and 30 metres below the historical values. The main purpose of this drilling program is to better define the A-PO zone intersected on sections 120E and 450E, as only a few holes were drilled on these two sections, which lie 330 metres apart. 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