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TomaGold Intersects 23.78 g/t Au, 16.55 g/t Ag and 1.0% Cu over 3.20 m at a depth of 330 m at Obalski
MONTREAL, Nov. 29, 2021 (GLOBE NEWSWIRE) -- TOMAGOLD CORPORATION (TSXV: LOT) (OTCQB: TOGOF) (“TomaGold” or the “Corporation”) is pleased to report the results f
About this update from Tomagold Corporation Class A
[{"type":"text","content":" MONTREAL, Nov. 29, 2021 (GLOBE NEWSWIRE) -- TOMAGOLD CORPORATION (TSXV: LOT) (OTCQB: TOGOF) (“TomaGold” or the “Corporation”) is pleased to report the results for the last three holes of phase I of its 11,500-metre drilling program on its wholly-owned Obalski property in Chibougamau, Quebec. Phase I, which started on July 10, 2021, consisted of 15 holes totalling 7,253 m. The results of the first 12 holes were reported in a press release dated November 10, 2021. “While the Obalski property has historically returned high-grade results from near surface, with this program we focused on identifying mineralization at depth,” said David Grondin, President and CEO of TomaGold. “I am pleased to report that our first phase of drilling at depth has been a real success, with the discovery of large, low-grade intersections combined with shorter, high-grade intersections. Based on the results, we have significantly upgraded our assessment of Obalski's mineral potential. In phase II of the program, which starts today, we will continue drilling at depth, on sections 300+00 E, 350+00 E, 400+00 E and finally 450+00 E. To optimize phase II of the program, we will combine the phase I results with the results of gyroscopic surveys currently being conducted in historical holes.” The following table presents the best results obtained for gold, silver and copper for the last three holes of phase I: Hole Section Core length(m)* Au(g/t) Ag(g/t) Cu(%) Depth(m) OBS-21-013 200+00 E 1.40 0.76 2.10 0.14 450 OBS-21-014 250+00 E 8.90 0.62 0.12 - 210 OBS-21-015 250+00 E 3.20 23.78 16.55 1.00 330 Including 0.45 167.50 112.00 6.08 * The width shown is the core length. True width is estimated at 65-70% of core length. Figure 1: Obalski drilling program surface planFigure 2: Obalski property section 200+00 EFigure 3: Obalski property section 250+00 E Holes OBS-21-013 and OBS-21-014 returned low values and small thicknesses but confirmed the continuity of the A-Po zone. Hole OBS-21-013 returned 0.76 g/t Au and 2.10 g/t Ag over 1.40 m at a vertical depth of 450 m, while hole OBS-21-014, drilled 50 m to the east, returned 0.62 g/t Au and 0.12 g/t Ag over 8.9 m at a vertical depth of 210 m. Hole OBS-21-015, drilled on the same section as OBS-21-014 to a vertical depth of 330 m, intersected 23.78 g/t Au, 16.55 g/t Ag and 1.0% Cu over ...