TomaGold Corporation
TSX VENTURE : LOT

TomaGold Corporation

February 27, 2014 12:23 ET

IAMGOLD Starts Drilling on TomaGold's Monster Lake property

MONTREAL, QUEBEC--(Marketwired - Feb. 27, 2014) - TOMAGOLD CORPORATION (TSX VENTURE:LOT) ("TomaGold" or the "Company") is pleased to announce that IAMGOLD Corporation has started drilling on the Monster Lake property, located 50 km southwest of Chibougamau, Quebec.

This initial program of at least 6,000 metres of drilling mainly targets the 325 and Mégane zones, but will also test other drill targets identified by the high resolution airborne magnetic survey conducted in early February. The 325 zone returned excellent results from drilling by TomaGold in 2010, 2011 and particularly winter 2013, as shown in the following table:

Hole
(#)
From
(m)
To
(m)
g/t Au Length
(m)
Depth
(m)
Section 1100 E
M-25-11 49.50 54.00 101.2 4.50 40
Section 1150 E
M-24-11 60.00 61.00 9.60 1.00 45
993-95-50 84.60 85.75 5.04 1.15 60
Section 1200 E
M-10-18 80.00 83.00 6.70 3.00 63
M-38-11 96.00 99.00 7.20 3.00 80
M-43-11 131.00 132.00 11.1 1.00 102
M-13-99 217.00 223.00 32.6 6.00 170
M-13-101 281.50 285.00 48.9 3.50 275
Section 1225 E
M-13-106 256.20 261.00 37.1 4.80 235
M-13-107 266.85 269.60 4.53 2.75 245
Section 1250 E
M-37-11 103.00 105.00 19.4 2.00 87
M-44-11 125.00 127.00 8.40 2.00 97
M-13-94 226.50 231.80 11.5 5.30 187
M-13-93 244.35 250.20 33.6 5.85 217
M-13-95 288.40 295.60 42.0 7.20 278
M-13-102 370.00 372.55 7.30 2.55 330
Section 1300 E
M-13-98 274.60 280.30 26.0 5.70 280
Section 1365 E
M-13-105 355.90 367.20 8.65 11.30 325

Note that the drill core intersects the sheared tuff unit hosting the gold-bearing quartz vein at an angle of 40-50°, meaning that the intersected width is not necessarily the true width of the zone. Based on observations on surface from recent trenching and old SOQUEM and Stellar Pacific Ventures drillholes, the Company estimates the true width at 70-85% of the core length.

André Jean, Ing., Geo., a qualified person under National Instrument 43-101, has reviewed and approved the technical content of this press release.

About TomaGold Corporation

TomaGold Corporation is a Canadian-based mining exploration company whose primary mission is the acquisition, exploration and development of gold projects in Canada and abroad.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. The statements made in this news release that are not historical facts are "forward-looking statements". Readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results may vary materially from those described in these "forward-looking" statements.

Contact Information

  • TomaGold Corporation
    David Grondin
    President and Chief Executive Officer
    (514) 206-7727
    www.tomagoldcorp.com