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TomaGold Announces the Results of Drilling on Its Monster Lake and Adjacent Properties
MONTREAL, QUEBEC--(Marketwired - Feb. 22, 2016) - TomaGold Corporation (TSX VENTURE:LOT) ("TomaGold" or the "Corporation") is pleased to announce drill results
About this update from Tomagold Corporation Class A
[{"type":"text","content":" MONTREAL, QUEBEC--(Marketwired - Feb. 22, 2016) - TomaGold Corporation (TSX VENTURE:LOT) (\"TomaGold\" or the \"Corporation\") is pleased to announce drill results released today by IAMGOLD Corporation (\"IAMGOLD\") for the Monster Lake project, as well as for the Little Monster, Cookie Monster, Monster Island and Hazeur properties. These properties are located 50 kilometres southwest of Chibougamau (Quebec), Canada. Monster Lake Project (45% TomaGold / 50% IAMGOLD) IAMGOLD has reported the final assay results for its 2015 fall drilling program, which was completed in November 2015 and totalling 3,925 metres in nine diamond drill holes. The best results are shown below, and the full results can be found at the end of this press release. 325-Megane Zone and Monster Lake Shear Zone: Drillhole ML15-155: 3.93 metres grading 3.30 g/t gold Drillhole ML15-161: 2.76 metres grading 9.05 g/t gold Including: 0.49 metres grading 48.9 g/t gold Drillhole ML15-162: 3.29 metres grading 1.61 g/t gold During 2015, IAMGOLD conducted a multi-phase diamond drilling program totaling 11,718 metres and all results have now been reported. The 2015 fall drilling program was designed to evaluate targets developed from previous drilling, interpretation of geophysical survey data and observations from mapping and trenching programs completed in summer 2015. Targeting continued to focus on extensions to the Monster Lake Shear Zone hosting the 325-Megane zone as well as adjacent structures identified from the exploration program. Little Monster, Cookie Monster, Monster Island and Hazeur Properties In November 2015, the Company conducted a VTEM airborne electromagnetic survey covering an area of 443 km2 on the Little Monster, Cookie Monster, Monster Island and Hazeur properties. The survey identified multiple strong magnetic anomalies associated with a very similar signature to those on the Monster Lake property. The Company carried out an initial drilling program in December 2015 consisting of 11 holes totalling 1,783 metres. The goal of the program was to test some of the anomalies identified on the Little Monster, Monster Island and Cookie Monster properties. The program showed that these anomalies are related to the presence of disseminated pyrite at the edge of pillow basalts, with some showing a strongly magnetic rock of gabbroic composition. The progra...