TomaGold announces the start of drilling at Monster Lake

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MONTREAL, Jan. 23, 2019 /CNW Telbec/ – TOMAGOLD CORPORATION (TSXV: LOT) (“TomaGold” or the “Corporation”) is pleased to announce that its joint venture partner, Corporation (“IAMGOLD”), has started a new 5,000-metre drilling program on the Monster Lake property, located 50 kilometres southwest of Chibougamau, .

The objective of the drilling program is to evaluate select targets along the structural corridor associated with the 325-Megane deposit. The areas to be drilled include: south of the 325-Megane zone where historical sampling from surface trenches returned up to 6.34 g/t Au over 3.1 metres and 4.26 g/t Au over 2.2 metres from trench ML-10-M1 on Megane 1 Showing; adjacent to the Big Mama target where an east-west mineralized structure converges towards Hole ML-15-147 located directly in the Monster Lake structural corridor which returned a mineralized interval grading 3.64 g/t Au over 10.72 metres (see press release by TomaGold dated June 25, 2015); and in the area of the Annie zone and its immediate extensions where a mineralized interval grading 237.6 g/t Au over 5.7 metres was returned from Hole M-12-60 (see press release by TomaGold dated April 11, 2012).

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“This next phase of drilling could be a key milestone for the , as it will test the exploration potential of priority targets in the Monster Lake gold-bearing corridor outside of the 325-Megane zone,” said , President and Chief Executive Officer of TomaGold. “We have high hopes for this program, since the selection of new drilling targets was based on the compilation of a significant amount of data gathered from the most recent exploration work and earlier drilling programs.”

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The technical content of this press release has been reviewed and approved by Claude P. Larouche, Eng., a qualified person under National Instrument 43-101.

SOURCE Corporation TomaGold

TomaGold announces the start of drilling at Monster Lake. Image courtesy of Stuart Miles/Freedigitalphotos.net.


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