Results Warrant 10,000m Follow-Up Programme
Tomagold Corporation (TSXV: LOT) has received positive results for the last four holes of its 2,502m drilling programme on its wholly-owned Obalski property, in Chibougamau, Quebec.
Drilling began in December 2020 and ended on February 18, 2021. The programme consisted of seven holes, six of which were drilled on two separate sections (450 E and 120 E), while the seventh hole was designed to test the rock type at the eastern property boundary and, as expected, did not return any significant values.
The goal of the programme was to better define the A-Po zone on sections 450 E and 120 E, located 330m apart, with very little exploration work in between.
Drilling was also aimed at intersecting the A, C and D zones, some of which had already been mined underground and been the subject of minor surface work.
“These latest results appear to confirm the continuity of the A-Po North and South zones, warranting a 10,000m follow-up programme to start in April,” said David Grondin, President and CEO of TomaGold.
“The new programme is aimed at defining the A-Po zone by drilling every 50m between sections 120 E and 450 E to a vertical depth of at least 500m, with some holes reaching a vertical depth of 650 metres.
“We believe that the results of this first programmes are a good indicator of the gold potential that lies below. The work is expected to take approximately four months to complete.”
Best results include:
- Hole OBS-21-005: 23.7 g/t Au and 24.5 g/t Ag over 0.5m
- Hole OBS-21-007: 23.6 g/t Au and 2.9 g/t Ag over 0.5m; and
- Hole OBS-21-007: 0.46 g/t Au and 0.32 g/t Ag over 18.75m
In parallel with the drilling programme, samples from certain mineralised zones will be further investigated and re-analysed by Corem using a leaching procedure.
Finally, a more detailed reinterpretation of the geology, structure and mineralisation is also underway. Recent drilling has enabled the Corporation to confirm the presence of two significant gold-bearing structures: the A-Po zone, which is characterised by the presence of a corridor rich in semi-massive to locally massive sulphides, and the D vein, which is defined by a shear that intersects the A-Po zone and is injected by a gold-rich quartz vein locally.
The Obalski property, which covers 345 hectares, including a 33-hectare mineral concession, lies about two 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.
