TSX VENTURE : LOT
July 05, 2016 07:00 ET
MONTREAL, QUEBEC–(Marketwired – July 5, 2016) – TOMAGOLD CORPORATION (TSX VENTURE:LOT) (“TomaGold” or the “Corporation”) is pleased to announce the start of drilling on the Hazeur property (70% TomaGold – 30% Visible Gold), located on the southern border of the Corporation’s Monster Lake property in Chibougamau.
The 2,000-metre drilling program is essentially focused on three separate targets:
- A volcanogenic massive sulphide type showing called “Hazeur VMS” (or “Peter Smith”) that contains felsic rocks with decametric to metric-sized graphitic passages of massive to semi-massive sulphides (pyrite-pyrrhotite-magnetite).
- The “Jonction Sud”, a horizon several kilometres long with anomalous gold values, where previous work included Hole LW-92-06, which returned gold grades of over 1 g/t Au over 5.5 m.
- The northwest extension of the Philibert deposit (1.4 Mt at 5.3 g/t Au; ref. SOQUEM 1991), which is adjacent to the southeast corner of the Hazeur property. Historical studies show that the Philibert mineralized zones extend northwest onto the Hazeur property.
“This first drilling program on Hazeur will allow us to test three priority targets that were confirmed by the geophysical survey carried out on the property in the fall of 2015,” said David Grondin, President and CEO of TomaGold. “It should also be noted that Hazeur property has the advantage of covering the large Opawica-Guercheville deformation zone, which hosts the Bachelor mine in Desmaraisville and the Joe Mann mine in Chibougamau.”
Work will start on or about July 8, 2016, and end in late July.
The technical content of this press release has been reviewed and approved by André Jean, Eng., a qualified person as defined by National Instrument 43-101.
About TomaGold Corporation
TomaGold Corporation is a Canadian-based mining exploration company whose primary mission is the acquisition, exploration and development of gold projects in Canada and abroad.
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