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TomaGold to test a major multi-kilometre copper geochemical anomaly on the Monster Lake East property
MONTREAL, QUEBEC--(Marketwired - Feb. 26, 2018) - TOMAGOLD CORPORATION (TSX VENTURE:LOT) ("TomaGold" or the "Corporation") is pleased to provide an update on th
About this update from Tomagold Corporation Class A
[{"type":"text","content":"MONTREAL, QUEBEC--(Marketwired - Feb. 26, 2018) - TOMAGOLD CORPORATION (TSX VENTURE:LOT) (\"TomaGold\" or the \"Corporation\") is pleased to provide an update on the exploration work planned for 2018, which will take place on its Monster Lake East, Obalski and Hazeur properties. Monster Lake East property (100% TomaGold) Hazeur property (70% TomaGold, 30% Visible Gold) The Monster Lake East / Hazeur properties are contiguous to the south and east of the Monster Lake, Winchester and Lac-à-l'eau-Jaune properties, which are being actively explored by partner IAMGOLD, and also cover the southwest extension of the Fancamp deformation corridor. On the Monster Lake East property there is a large copper geochemical anomaly that was discovered by a government survey. The anomaly strikes at about 330° for several kilometres to the northwest of Trois-Iles Lake. TomaGold recently carried out a partial airborne survey in the area of the anomaly and will very shortly begin cutting a grid of 20 km of lines, including a 4 km baseline, and retained Abitibi Geophysics to conduct a detailed IP survey to explore the anomaly to a depth of 300 m. Furthermore, a detailed compilation has begun on the Monster Lake East / Hazeur properties to correlate all the detailed airborne and ground geophysical survey data with recent stratigraphic and structural interpretations. Detailed information from recent drilling by TomaGold will also be incorporated to the interpretation, which will generate drilling recommendations. \"We are really looking forward to exploring this major, multi-kilometre long copper anomaly on our Monster Lake East property,\" said David Grondin, President and Chief Executive Officer of TomaGold. \"This next phase of work will give us a much better idea of the property's potential.\" Obalski property (100% TomaGold) A 3D modelling project has been initiated on the Obalski property in the last few months. Assays and core information from 320 diamond drill holes and core information from 22 underground drill holes are being incorporated into the model, which should be completed in the coming weeks. Drilling on the B-Zone in January 2017 returned up to 15.0 g/t Au, 46.8 g/t Ag and 10.4% Cu over a true width of 2.1 m (see news release dated March 16, 2017) and drilling on the C-Zone in 2012 returned up to 33.60 g/t Au, 23.74 g/t Ag and 1.15% ...