MONTREAL, QUEBEC--(Marketwire - Oct. 25, 2012) - TomaGold Corporation (TSX VENTURE:LOT) ("TomaGold" or the "Company") is pleased to report additional results from Phase 1 of its 10,000-metre drilling program at its Monster Lake gold property near Chibougamau, Quebec.
Two of the three holes shown below were drilled down-dip from Hole M-12-60, which recently intersected 237.6 g/t gold over 5.7 metres. Technical difficulties prevented Holes M-12-72-b and c from reaching the depth of the M-12-60 intersection. However, these holes confirmed new, high-grade gold zones near surface.
| Annie Zone | ||||
| Hole | From (m) | To (m) | Length (m) | g/t Au |
| M-12-72b (down-dip) |
33.00 42.00 |
34.50 46.50 |
1.50 4.50 |
10.8 2.3 |
| M-12-72c (down-dip) |
33.75 40.50 |
35.25 42.75 |
1.50 2.25 |
26.9 12.6 |
| M-12-85 | 172.50 | 174.00 | 1.50 | 4.0 |
David Grondin, President and CEO of TomaGold, said that: "These are very positive results, as they help confirm the extension of the high-grade mineralized zone intersected by Hole M-12-60. We are moving ahead with our assessment of the potential of the Annie, 325 and Megane zones. We are presently planning a new drilling program for these areas that should get underway soon."
ABOUT THE MONSTER LAKE PROJECT
The Monster Lake property is located in northwestern Quebec, 44 kilometres southwest of the town of Chibougamau. It is easily accessible by road and has a major power line nearby. Over 25,000 metres of diamond drilling has been done since 1984 along the 4-kilometre-long mineralized corridor. During the winter of 2012, TomaGold drilled 16 additional holes for a total of 2,420 metres, and made a major discovery of 237.6 grams per tonne gold over 5.7 metres in Hole M-12-60. The mineralization is associated with dark quartz-sulphide veins within a 3-10-metre wide shear zone in basaltic units.
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.
The technical content of this press release has been reviewed and approved by Maurice Giroux, a qualified person as defined by NI 43-101.
For a complete list of drill results from the Monster Lake project, please visit our website, at www.tomagoldcorp.com
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.
Contact Information:
David Grondin
President and CEO
(514) 206-7727