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TomaGold And IAMGOLD Intersect 121.67 g/t Au Over 3.1 Metres at Monster Lake
MONTREAL, QUEBEC--(Marketwired - May 11, 2017) - TOMAGOLD CORPORATION (TSX VENTURE:LOT) ("TomaGold" or the "Corporation") is pleased to report that IAMGOLD Corp
About this update from Tomagold Corporation Class A
[{"type":"text","content":"MONTREAL, QUEBEC--(Marketwired - May 11, 2017) - TOMAGOLD CORPORATION (TSX VENTURE:LOT) (\"TomaGold\" or the \"Corporation\") is pleased to report that IAMGOLD Corporation (\"IAMGOLD\") today provided an update on the ongoing exploration program at its Monster Lake joint venture project (IAMGOLD: 50%; TomaGold: 45%) located 50 kilometres southwest of Chibougamau, Quebec, Canada. IAMGOLD reported assay results from the first eleven drill holes, totaling just over 5,100 metres, from a total of 24 diamond drill holes, totaling 10,657 metres, completed this past winter. The assay results are provided in Table 1 below and include the following highlights: Monster Lake Shear Zone, Megane Zone and Annie Shear Zone: • Drill hole ML17-190: 4.4 metres grading 5.21 g/t gold • Includes: 1.3 metres grading 15.99 g/t gold and 1.9 metres grading 9.82 g/t gold • Includes: 0.6 metres grading 25.10 g/t gold and 0.6 metres grading 36.90 g/t gold • Drill hole ML17-194: 3.1 metres grading 121.67 g/t gold • Includes: 1.1 metres grading 316.89 g/t gold Lower Shear Zone: • Drill hole ML17-191: 1.8 metres grading 85.27 g/t gold The 2017 winter drilling program was designed to target high potential areas along the 3-kilometre trend of the Monster Lake Structural Corridor (\"MLSC\") and associated shear zones to improve confidence and expand known zones of mineralization, including the recently discovered second zone located 200 to 400 metres to the north of the Megane Zone, as well as mineralization in a parallel lower shear zone. Structural patterns suggest the potential for additional mineralized shoots along this major corridor. The results from hole ML17-190 drilled in the new zone to the north of the Megane Zone confirm previous results in hole ML15-147 that intersected multiple mineralized shears and may indicate an extension of the zone. Two areas of mineralization were also intersected in the Lower Monster Lake Shear Zone in drill holes ML17-184 and 191 which will require further testing. Infill drilling in the Megane Zone positively demonstrated continuity of the very high grade nature of this lens where tested. Further results from this drilling program are pending and will be assessed when they are received, validated and compiled. \"We are extremely ple...