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TomaGold announces the start of a gyroscopic survey program on Obalski's historical drill holes at depth
The results of the Pulse-EM geophysical survey conducted in June 2021 revealed significant differences between the current location of the gold-bearing structur
About this update from Tomagold Corporation Class A
[{"type":"text","content":" The results of the Pulse-EM geophysical survey conducted in June 2021 revealed significant differences between the current location of the gold-bearing structures at depth and those reported by previous operators (see Figure 1 below). Gyroscopic surveys will be carried out in historical drill holes that are more than 100 metres deep in order to confirm the location of the various gold-bearing structures. This strategy will help guide the next phase of drilling on Obalski, which will begin in mid-November. The Corporation also expects to receive all of its results from the first phase of drilling within the next two weeks, given the re-analysis of certain samples. MONTREAL, Nov. 04, 2021 (GLOBE NEWSWIRE) -- TOMAGOLD CORPORATION (TSXV: LOT) (OTCQB: TOGOF) (“TomaGold” or the “Corporation”) is currently undertaking an extensive gyroscopic survey program on historic drill holes that are more than 100 metres deep and accessible on its wholly-owned Obalski property, located 3 km south of Chibougamau. The surveys will be conducted by Géophysique TMC of Val-d'Or. The objective of these surveys will be to confirm the location of Obalski's historical gold-bearing structures at depth. “The results of the Pulse-EM survey, combined with Corem's analysis of some historical samples, have established that the Obalski property is mainly composed of gold-bearing vein structures and that these structures appear to amplify at depth in the form of veinlets. Furthermore, there is a strong possibility that the structures at depth were not properly located, mainly due to the drilling equipment used at the time. Since this property has been explored mainly at surface, we must ensure that our drilling campaign is well oriented, as our main objective is to better understand the mineral potential of Obalski at depth,” said David Grondin, President and CEO of TomaGold. It should be recalled that the Corporation obtained excellent drill results from its 2,502-metre winter 2020–2021 program, with several high-grade gold and copper values, including 47.4 g/t Au, 87.6 g/t Ag and 7.06% Cu over 1.1 metres and 67.1 g/t Au, 40.1 g/t Ag and 2.32% Cu over 0.5 metres in hole OBS-20-002; 12.45 g/t Au, 17.7 g/t Ag and 0.53% Cu over 0.65 metres in hole OBS-20-001; and 23.7 g/t Au and 24.5 g/t Ag over 0.5 metres in hole OBS-21-005 (see press releases dated March...