TomaGold Corporation
TSX VENTURE : LOT

TomaGold Corporation

December 07, 2015 08:53 ET

TomaGold Announces the Start of Drilling on Little Monster, Cookie Monster and Monster Island

MONTREAL, QUEBEC--(Marketwired - Dec. 7, 2015) - TOMAGOLD CORPORATION (TSX VENTURE: LOT) ("TomaGold" or the "Corporation") is pleased to announce the start of a drilling program of about 1,500 metres on its wholly-owned Little Monster, Cookie Monster and Monster Island properties. The contiguous properties lie along the eastern and southern borders of the Monster Lake, Lac-à-l'Eau-Jaune and Winchester properties, which are currently part of a 50/50 joint venture with IAMGOLD Corporation.

TomaGold recently conducted a high-definition magnetic VTEM-type airborne survey on the Little Monster, Cookie Monster, Monster Island and Hazeur properties. The survey revealed strong electromagnetic anomalies, including some that had already been identified by IAMGOLD Corporation on the Monster Lake property and extend onto TomaGold's properties. The drilling program is aimed at testing the more significant anomalies.

The drilling work began on December 3, 2015 and should be completed before the start of the holiday period.

"We are pleased to be ahead of schedule, in a position to carry out a first phase of drilling before the end of 2015," said David Grondin, President and CEO of TomaGold. "Although exploration on these properties is still at the grassroots stage, the early survey results look promising, particularly as we can see some extension of the results of the surveys done on Monster Lake. This drilling program will help us better understand the gold potential on our properties."

The technical content of this press release has been reviewed and approved by André Jean, Eng., a qualified person as defined by National Instrument 43-101.

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 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 such "forward-looking" statements.

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