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TomaGold Corporation: IAMGOLD Intersects a Second Gold Zone on the Monster Lake Project
MONTREAL, QUEBEC--(Marketwired - June 15, 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 - June 15, 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, located 50 kilometres southwest of Chibougamau (Quebec), Canada. Monster Lake Property (45% TomaGold / 50% IAMGOLD) IAMGOLD has reported the final assay results from the 2016 winter diamond drilling program completed in April 2016 and totaling 8,105 metres from 21 diamond drill holes. The best results are shown below, and the full results can be found at the end of this press release. Monster Lake Shear Zone and 325 - Megane Zone: Drillhole ML16-171: 1.21 metres grading 20.16 g/t gold, Drillhole ML16-175: 0.71 metres grading 9.01 g/t gold, and 5.46 metres grading 2.68 g/t gold Includes: 0.52 metres grading 13.20 g/t goldand 1.13 metres grading 16.00 g/t gold Drillhole ML16-176B: 0.63 metres grading 8.64 g/t gold Drillhole ML16-179: 4.26 metres grading 3.07 g/t gold Includes: 1.44 metres grading 7.91 g/t gold and 2.78 metres grading 2.12 g/t gold Includes: 0.42 metres grading 7.10 g/t gold Drillhole ML-16-182: 1.31 metres grading 6.72 g/t gold. The 2016 winter drilling program was designed to evaluate targets developed from previous drilling and from mapping and trenching programs completed in summer 2015. Targeting continued to focus on extensions to the Monster Lake Shear Zone (\"MLSZ\") hosting the 325-Megane zone as well as adjacent structures identified from the exploration program. Craig MacDougall, Senior Vice President, Exploration for IAMGOLD, stated: \"Assay results from this winter drilling program have returned encouraging results from a possible second zone along the main hosting structure MLSZ and in an area located 200 to 400 metres to the north of the 325-Megane Zone. These results continue to improve our geologic understanding of the area which will help guide future exploration.\" \"We are very happy with IAMGOLD's progress at Monster Lake,\" said David Grondin, President and CEO of TomaGold. \"We come out of each phase of work with more positive results and a better understanding of the property's geology. Given what we have seen since work began at Monster Lake, we are increasingly convinced that the property has significant gold potential. \" Next Steps Further...