TomaGold Corporation (TSXV:LOT) together with JV partner Quinto Real Capital Corporation (TSXV:QIT) confirmed high gold grades on three drill sections 50 metres apart, at the Monster Lake Property in Quebec. Highlights include Hole M-13-99: 32.6 g/t Au over 6.0 m at a vertical depth of 170 m.
As quoted in the press release:
The best drill results reported by AGATLabs of Mississauga, Ontario, are as follows:
• Hole M-13-98: 26.0 g/t Au over 5.7 m at a vertical depth of 280 m
• Hole M-13-99: 32.6 g/t Au over 6.0 m at a vertical depth of 170 m
• Hole M-13-101: 48.9 g/t Au over 3.5 m at a vertical depth of 275 m
TomaGold Corporation President and CEO David Grondin said:
The news for TomaGold continues to be excellent. These new holes have now confirmed that the high-grade gold zone is open along strike on three drill sections 50 metres apart, as well as at depth. We will continue to test the zone along strike and at depth to assess the full potential of this new discovery. It is important to note that we are not constrained by weather conditions, and so will be able to drill on the 325 zone year-round. Furthermore, we have once again noted the presence of trace chalcopyrite and sphalerite and semi-massive pyrrhotite accompanied by intense black chlorite alteration, which suggests the proximity of a VMS-type environment, a potential indicator of gold-bearing massive sulphide deposits.