TomaGold Corporation (TSXV: LOT) (OTCQB: TOGOF) has completed the induced polarisation (IP) survey over the southern portion of its 100%-owned Obalski property, located 2 km south of Chibougamau, Quebec.
The Corporation expects to receive the results integrating the December 2021 and May 2022 surveys from Abitibi Geophysics in the coming weeks.
The survey results will provide important data for the next drilling programme on Obalski, scheduled for June-July 2022.
Stock option grant
The Corporation has also granted 3,900,000 stock options under its stock option plan to directors, officers and consultants of the Corporation, entitling them to acquire the same number of common shares of the Corporation at a price of $0.10 per share for a period of five years.
About the Obalski property
The Obalski property, which covers 345 hectares, lies about 2 km 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 and 1972, and around 9,000 tonnes at a reported grade of 8.5 g/t Au from the D zone in 1984.
For further information please visit: https://www.tomagoldcorp.com/en/
