TomaGold Corporation (TSXV: LOT) has received positive results in report from the DAS Vision3D induced polarisation (IP) survey carried out on the southern portion of its 100%-owned Obalski property, located 2 km south of Chibougamau, in Quebec.
The survey, conducted by Abitibi Geophysics of Val-d’Or, revealed the presence of at least six strong chargeability and/or resistivity anomalies south of the APo zone, which extend downward from peaks located at a vertical depth of 100 to 150 m and remain open at an average depth of 325 m. A number of less strong anomalies were also found.
As a result, TomaGold has initiated a 3,000-metre drilling programme on the main anomalies located by the IP survey to assess their nature and the type of mineralisation encountered.
It should be noted that the southern portion of the property has seen only very limited shallow drilling to date, to a maximum vertical depth of 200 m. The Corporation expects to complete the current drilling programme within the next couple of weeks.
“This is a major find for us, as it warrants drilling in untested areas that show even stronger exploration potential than what we have seen in previous work,” said David Grondin, President and CEO of TomaGold.
“We have just started drilling the newly-discovered anomalies and we’re eager to see where this next phase of exploration will take Obalski.”
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.
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