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TomaGold: JV Partner IAMGOLD Reports Further High Grade Results at Monster Lake
MONTREAL, QUEBEC--(Marketwired - July 6, 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 - July 6, 2017) - TOMAGOLD CORPORATION (TSX VENTURE:LOT) (\"TomaGold\" or the \"Corporation\") is pleased to report that IAMGOLD Corporation (\"IAMGOLD\") today provided the remaining assay results from the winter 2017 drilling program completed 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 final fourteen drill holes, totaling just over 5,400 metres, from a total of 25 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: (A drill hole plan map and longitudinal sections are attached to this news release.) Monster Lake Shear Zone, Megane Zone and Annie Shear Zone: Drill hole ML17-197: 3.5 metres grading 67.42 g/t gold Includes: 1.2 metres grading 203.31 g/t gold Drill hole ML17-198B: 5.0 metres grading 80.28 g/t gold Includes: 1.8 metres grading 208.41 g/t gold Lower Shear Zone: Drill hole ML17-199: 1.6 metres grading 39.48 g/t gold Includes: 0.9 metres grading 66.50 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, as well as better define more recent discoveries such as the new zone located 200 to 400 metres to the north of the Megane Zone, as well as mineralization discovered within a parallel structure, the Lower Shear Zone, that has returned encouraging initial results. Interpretation of the structural setting suggests favourable potential for the occurrence of additional mineralized shoots along this major structural corridor. The results from this drilling program have demonstrated continuity of very high grades of mineralization associated with the Megane Zone where tested with infill diamond drill holes. They have also extended mineralization in the northern part of the mineralized shoot with positive results obtained from holes ML17-197 and ML17-201B. As well, new areas of mineralization to the north of the Megane Zone, which appear to be associated with multiple mineralized shear zones, will require further drill testing to evaluate the potential of this a...