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
PRESS RELEASE
TSXV: LOT
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, Quebec, November 29, 2021 - 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 plan
Figure 2: Obalski property section 200+00 E
Figure 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 3.20 m, including 167.50 g/t Au, 112.00 g/t Ag and 6.08% Cu
over 0.45 m. Based on this result, the Corporation plans to drill an additional hole below OBS-21-015 to a
vertical depth of approximately 400 m.
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The following table presents the best results obtained for gold, silver and copper for phase I overall:
Hole Section Core length
(m)*
Au
(g/t)
Ag
(g/t)
Cu
(%)
Depth
(m)
OBS-21-005 120+00 E 4.05 3.01 3.35 - 200
OBS-21-006 120+00 E 1.90 0.24 0.68 - 250
OBS-21-007 120+00 E 20.75 0.43 0.29 - 385
OBS-21-008 150+00 E 12.55 0.85 1.40 0.11 185
Including 2.10 3.40 4.73 0.65
OBS-21-009 150+00 E 28.50 1.41 0.81 - 200
Including 1.50 6.84 1.50 -
Including 4.50 4.03 2.87 -
OBS-21-010 150+00 E 45.95 0.32 0.35 - 425
OBS-21-010A 150+00 E 54.80 0.33 0.20 - 425
Including 3.50 1.44 0.80 -
OBS-21-011 200+00 E 0.50 1.60 2.60 - 210
OBS-21-012 200+00 E 27.50 0.39 0.83 - 300
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.
In June 2021, a Pulse-EM geophysical survey conducted in four holes revealed that all historical holes over
300 m long had a significant eastward deviation. The Corporation is currently conducting gyroscopic
surveys to confirm the location of the gold-bearing structures at depth. Some 40 historical drill holes have
been surveyed since the beginning of October, and all the holes are expected to be completed in the
coming weeks.
Sample preparation and analysis
TomaGold has implemented and is adhering to a strict Quality Assurance/Quality Control program for the
present drilling program. The core is sawed in half, with one half kept as a witness sample in Chibougamau
and the other half shipped directly by bus to ALS Chemex in Val-d’Or, Quebec. ALS grinds the half core to
1/8", split it into two halves and keeps one half as a witness (reject) in Val-d’Or. ALS pulverizes the other
half to minus 150 mesh, takes a 50 g sample for analysis and keeps the rest, identified as “pulp”.
The technical content of this press release has been reviewed and approved by André Jean, P.Eng., the
Corporation’s Director of Exploration and a qualified person under National Instrument 43-101.
About the Obalski property
The Obalski property, which covers 345 hectares, lies about 2 km south of Chibougamau, Quebec.
Discovered in 1928, the Obalski deposit produced 100,273 tonnes at grades of 1.14% Cu, 2.08 g/t Au and
6.04 g/t Ag from the A zone between 1964 and 1972, and around 9,000 tonnes at a reported grade of 8.5
g/t Au from the D zone in 1984 (Source: SIGEOM and Camchib Exploration internal reports).
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About TomaGold
TomaGold Corporation (TSXV: LOT) is a Canadian mineral exp loration corporation engaged in the
acquisition, assessment, exploration and development of gold mineral properties. TomaGold has interests
in five gold properties near the Chibougamau mining camp in northern Quebec: Obalski, Monster Lake
East, Monster Lake West, Hazeur and Lac Doda. It also participates in a joint venture with Evolution Mining
Ltd. and New Gold Inc., through which it holds a 24.5% interest in the Baird property, near the Red Lake
mining camp in Ontario.
Contact:
David Grondin
President and Chief Executive Officer
(514) 583-3490
www.tomagoldcorp.com
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looking statements can be identified by the use of words such as “expects”, “intends”, “is expected”, “potential”,
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subject to a number of risks and uncertainties beyond the Corporation’s control. Readers are cautioned that such
statements are not guarantees of future performance and that actual results and developments are likely to differ, and
may differ materially, from those expressed or implied by the forward-looking statements contained in this press release.
Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation undertakes no
obligation to publicly update or revise any forward-looking statements, except as required by law.