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TomaGold Corp.
Summary
| Project: | Hazeur | |
|---|---|---|
| Deposit: | Philibert | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/26/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-9-2016: TomaGold Corp. announces an Exploration/Drilling Update report for its Philibert deposit at the Hazeur project. JV with Visible Gold - drilling results incl. 4.6m @ 8.46g/t Au from 127.2m. Montreal, Quebec, September 26, 2016 - TOMAGOLD CORPORA | |
| Resources: | (Historic estimate - Soquem 1990): 1.4Mt @ 5.3g/t Au | |
| CP/QP: | [Overall Report]: Andre Jean (Not stated) | |
| ABSTRACT: | Montreal, Quebec, September 26, 2016 - TOMAGOLD CORPORATION (TSXV: LOT) (“TomaGold” or the “Corporation”) is pleased to report the results of its drilling program on the Hazeur property, adjacent to its Monster Lake property in Chibougamau. TomaGold has an option to acquire a 70% interest in the property from Visible Gold. This phase of work should enable TomaGold to meet the conditions for the acquisition of its interest. The program consisted of a total of eight holes, including seven drilled on the Hazeur property and one on the Monster Island property, which is wholly owned by TomaGold. The drill targets were for the most part significant geophysical anomalies, often supported by nearby historical drill results. The best results were obtained in Holes HA-16-03 to HA-16-08, which were essentially drilled to test the mineralized structure of the Philibert deposit (historic resource of 1.4 million tonnes at 5.3 g/t Au*; Soquem 1990). This deposit lies about 1 km southeast of the eastern edge of the property, and the structure hosting it crosses the entire Hazeur property from east to west. | |
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