TomaGold Announces 2025 Exploration Campaign Plans for Its Chibougamau Camp Projects
NEWS RELEASE
TSXV: LOT
TomaGold Announces 2025 Exploration Campaign Plans for
Its Chibougamau Camp Projects
• Ongoing Chibougamau Camp data compilation, synthesis and interpretation of the
Company’s 14 projects.
• Immediate focus on TomaGold’s wholly-owned Obalski gold-copper-silver project,
SOQUEM’s Radar gold-copper option project and Chibougamau Independent Mines’
Berrigan polymetallic option project.
• Presence of several major gold, silver, copper and zinc mineralization trends in various
combinations.
• Multi-phase exploration program to ultimately outline mineralized vein corridors with
stockworks that have the potential to deliver multi-million-ounce gold mineral resources.
• Exploration strategy driven by revamped technical team and external consultants led by
Jean Lafleur, P.Geo., with extensive exploration and development background.
Montreal, Québec , February 12, 202 5 ‒ TOMAGOLD CORPORATION (TSXV: LOT) (“TomaGold” or the
“Company”) is pleased to announce the initial results of the ongoing compilation, synthesis and
interpretation of the Company’s 14 projects in the Chibougamau Camp (the “Camp”). Key mineralized
areas from each project have been reviewed and prioritized by the Company's technical committee and
external consultants from all known and potential new gold, silver, copper and zinc targets based on the
historical database of each project, which includes over 70 years of historical exploration and mining in the
Camp.
Chibougamau Projects
TomaGold’s Chibougamau portfolio consists of 14 mining projects (refer to Figure 1), including:
• Obalski gold-copper-silver project (100%-owned), located along the western segment of the Doré
Lake Intrusive Complex (“DLIC”) which hosts the 19 deposits historically mined in the Camp.
• Group of claim blocks north of the DLIC (multi -year option to acquire a 100% interest from
SOQUEM): Radar (Au-Ag-Cu-Zn), Williams (Au-Cu-Zn), David (Au-Cu-Zn), Brosman (Au-Ag-Cu-Mo),
Dufault (Au-Cu-Zn), McKenzie (Au-Ag-Cu-Zn) and Bruneau (Au-Cu) projects.
• Group of claim blocks northwest and contiguous to the SOQUEM claims (multi -year option to
acquire a 100% interest from Chibougamau Independent Mines (West Block) (“CIM”)): Berrigan
South (Au-Zn), Berrigan Mine (Au-Ag-Zn), Antoinette Lake (Zn-Au-Ag), Élaine Lake (Zn-Au-Ag) and
Gwillim (Au-Cu) projects.
• Group of claims contiguous to the CIM claim blocks (multi -year option to acquire a 100% interest
from Globex Mining Enterprises (“Globex”)): Gwillim (Au-Ag).
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Figure 1 – Map of TomaGold’s Chibougamau Projects
David Grondin, President and CEO of TomaGold, commented: “ With the arrival of Jean as VP Exploration
of TomaGold, a whole new dynamic has emerged within our company. Jean, together with our technical
team and external consultants, ha s put in place a plan and strategy to explore and develop our
Chibougamau projects. These projects have been explored in the past, but with less advanced technology
and at shallow er depths, and are providing us with very useful data . We believe that given the Camp’s
strong historical production base of copper and gold, our projects hold promising discovery potential that
we intend to unlock for our shareholders.”
“TomaGold has prime real estate in the Chibougamau Camp, which hosts gold, copper, silver and zinc
mineralization in multi-directional veins and massive sulphide systems,” added Jean Lafleur, VP Exploration
at TomaGold. “The Camp is dominated by NW-SE veins within the D oré Lake Intrusive Complex where a
total of 19 deposits were mined from 1958 to 2008 , yielding over 50 Mt at 2.21 g/t Au for 3.06 million
ounces of gold and at 1.83% Cu for 2.1 billion pounds of copper 1. Currently, a pproximately 40 Mt of
historical mineral resources at 1.16 g/t Au and 1.13% Cu with Ag -Zn credits remain1. In addition,
mineralization occurs within the northern Abitibi Greenstone Belt segment of the Camp, providing strong
potential for additional resources.”
1 Source: J. Lafleur (2023) compilation from SIGEOM(-EXAMINE) website
The reader is cautioned that historical mineral resources reported in the press release are not current mineral resources under NI
43-101 standards, rules and regulations. Historic mineral resources can only serve as an indication of the mineralization potential
on the project. There is no guarantee that any of the historic mineral r esources can be converted to current mineral resources.
Additional drilling, core logging, sampling and analysis are ultimately required to produce current mineral resources estimates.
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In 2025, TomaGold will focus on advancing exploration on its Chibougamau projects, with an immediate
focus on Obalski, Berrigan and Radar, which are summarized below with work planned for 2025:
Obalski Gold-Copper-Silver Project (100% TomaGold)
The Obalski gold-copper-silver project (“Obalski”) is comprised of 75 claims covering 27 km2, one 85-metre
shaft and two ramps . Obalski hosts nine separate Cu-Au-Ag mineralized zones – the A/A-Po, B, C, D, G,
South, Beaulieu, Peninsula and Wilson Zones in the DLIC (refer to Figure 2). Historical mining yielded
110,300 tonnes at 2.08 g/t Au, 6.04 g/t Ag and 1.14% Cu from the combined A/A-Po Zone.2
More than 540 holes were drilled on the project for 78 ,000 metres. The historical drilling was done from
surface to 150 m along the 800 m SE-NW 110° mineralized corridor anomalies of the A and B Zones, also
defined by InfiniTEM anomalies.
A perpendicular 020°-030° fault cuts the combined zones and adds an additional untested 500 m length
that could host significant remobilized mineralization. Additional NE-SW 070° MegaTEM anomalies appear
to define the D Zone mineralization off the A/A-Po Zone at the western end of the A and B Zones.
Selected results from TomaGold’s 2020-2022 drill programs:
• OBS-21-010A: 0.33 g/t Au over 54.80 m, incl. 1.44 g/t Au over 3.50 m
• OBS-21-015: 23.78 g/t Au, 16.55 g/t Ag and 1% Cu over 3.20 m, incl. 167.5 g/t Au, 11 g/t Ag and
6% Cu over 0.45 m
• OBS-21-015A: 5.06 g/t Au and 3.27 g/t Ag over 10.50 m, incl. 71 g/t Au and 31.4 g/t Ag over 0.65 m
• OBS-22-019: 1.83 g/t Au and 0.73 g/t Ag over 52.30 m, incl. 125 g/t Au, 45.80 g/t Ag and 3.30%
over 0.50 m
• OBS-20-002: 47.4 g/t Au, 87.6 g/t Ag and 7.06 % Cu over 1.1 m, and 67.1 g/t Au, 40.1 g/t Ag and
2.32% Cu over 0.5 m
Figure 2 – Plan view of TomaGold’s 100%-owned Obalski project
2 Source: SIGEOM website and Camchib Exploration internal reports.
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Planned Exploration Program on the Obalski Project
1. Compilation:
• Compiling and tying all historical drill intersections to the vein system whether NW-SE (A vein type
– A, A- Po, C, G, South, Beaulieu, Peninsula, Wilson Veins/Zones) , E-W (D vein type – D, B
Veins/Zones) or NE -SW (DDH -OBS-88-15): 3D modeling of individual veins combined with all
underground workings, including geology, surface IP anomalies and the first- vertical magnetic
gradient.
2. Geological mapping:
• Trenching, channel sampling and assaying on the D, A/A-Po, B, C Zones and near drill hole OBS-88-
15 to define the potential of the 020-030° trend.
3. Geophysical survey:
• Add an IP survey along the D Vein from SW to the NE, including the Wilson and South Zones. The
plan would be to drill up 20 holes on multiple targets based on the results of the compilation work
and the IP survey:
o 50-60 m below surface on the D Vein
o Infill and depth continuity of the A/A-Po, B and C Veins
o 30 m north of drill hole OBS-88-15 to define the potential of the 020-030° trend and on
drill hole CB-3
o Test the Wilson, South and D Vein extensions
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SOQUEM Projects (Option to acquire 100% interest)
In 2025, TomaGold will focus its exploration activities on the Radar, David and Dufault within its SOQUEM
project portfolio.
Radar Project (Au-Ag-Cu-Zn)
The Radar project consists of 14 claims totaling 7.75 km2 located 3 km north of Chibougamau. The project
contains the northern extension of the fracture system hosting the copper-gold structure of the Brosman
deposit and the extension of a major E -W fault hosting the former Norbeau mine. An exploration ramp is
present near the Belle -3 showing ( BEL-7 hole : 15.9 g/t Au, 8.48 g/t Ag, 1.25% Cu over 2.25 m)3. The
abundance of polymetallic showings (Au -Ag-Cu) and the numerous shear and fracture zones create
excellent discovery potential for polymetallic vein deposits, orogenic gold and Cu -Ni-PGE ± Co. The
property also has potential for VMS-type deposits in the felsic rocks of the second regional volcanic cycle.
Figure 3 – Geology map of Radar project
3 Source: SOQUEM website (Radar Project)
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David Project (Au-Cu-Zn)
The David project consists of 49 claims totaling 20.09 km2 located less than 2 km from Chibougamau. The
project is characterized by several gold and zinc occurrences, most notably the Lac David and Lac Pierrot
showings4:
• Pierrot-East Lake (hole 1165-09-19): 2.0 g/t Au over 21 m
• David Zn-Au (channel): 6.2 % Zn over 1 m and 4,0 g/t Au over 1 m
• David Au (channel): 4.73 g/t Au over 1 m
The position of the project within a deformation corridor and over a transition zone between two volcanic
cycles makes it a high-quality prospect for VMS-type mineralization.
Figure 4 – Geology map of David project
4 Source : SOQUEM website (David Project)
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Dufault Project (Au-Cu-Zn)
The Dufault project consists of 14 claims totaling 5.22 km2 located 5 km north of Chibougamau and has
excellent potential for gold-copper porphyry mineralization. The MOP -II Deposit on the adjacent Roger
property owned by SOQUEM and XXIX is hosted along the same horizon.
Gold-bearing intervals in drill holes 1311-02-03 (0.12 g/t Au over 124 m) and 1311-09-08 (0.24 g/t Au over
193.4 m)5 suggest the presence of a potential large, mineralized zone w hose boundaries have yet to be
defined.
Figure 5 – Geology map of Dufault project
Planned Exploration Programs on the Radar, David and Dufault Projects
1. Compilation:
• Complete compilation of drill hole database , i ncluding collar coordinates, directions, dips,
lithologies, analyses, mineralization type, structure, alteration and veining:
o All with corrected UTM coordinates
o Complete the 2D geological map
• Radar project:
o Add Campbell Resources compilation from 1983-1984 to the SOQUEM (2004) database, at
the same scale
o Add SOQUEM’s IP anomalies, shaded Lidar and magnetic data
5 Source: SOQUEM website (Dufault Project)
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o Create a 3D model for the Belle-3 ramp, Lac Devilliers and the 1207-04 drilling areas
• David project:
o Create a 3D model of drill holes with iso-contouring of the gold values:
§ Add surface IP anomalies
o Best drill targets:
§ Projected contacts of intermediate to mafic lithologies with undrilled IP anomalies
2. Field work:
• Dufault project:
o Channel sampling of the Gap and Bourbeau Outlet Zones
3. Geophysical surveys:
• Radar project:
o E-W airborne magnetic survey with maximum 50 m line spacing
o Possible 3D ambient noise tomography survey
o New IP coverage in potential areas not previously covered by F1 and Bel-40 drill areas
• David project:
o Downhole IP survey in the new and old holes selected following the 3D modeling, assuming
casing left in place
• Dufault project:
o NW-SE oriented IP survey covering the 055° vein corridor passing through drill holes LD-87
o NE-SW oriented IP survey covering the fractured peridotite-pyroxenite segment of the
Bourbeau Sill Outlet Zone
o Overlay IP survey results on the 1989 Westminer geology map
4. Drilling:
• Radar project:
o Along the contact of the base of the Bourbeau Sill and the Blondeau Formation:
§ Silver showing, hole A-1 and hole Bel-41
§ McKenzie area west of Line Lake
§ Untested anomalies coinciding with NW-SE, N-S, NE-SW vein structures crossing the
Bourbeau Sill in the mineralized quartz ferro-gabbro
• David project:
o Below the intersection of 1.74 g/t Au over 24.0 m (Drill hole 1165-09-19)
o Beginning of drill hole 1165-09-21 below the 0.69 g/t Au over 12 m intersection
o Untested and target IP anomalies generated from the 3D modeling
• Dufault project:
o Drill IP anomalies coinciding with the 055-065° and E-W structures