Tomagold Corporation (TSXV: LOT) Announces Latest Drilling Results at Obalski Property

2 min read | February 21, 2025 06:46 AM EST | By Team Kalkine Media

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Tomagold Corporation (TSXV: LOT) Announces Latest Drilling Results at Obalski Property — Image source: Shutterstock

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Highlights

2023 drilling program at Obalski property consisted of 6 drill holes totaling 1,539.9 meters.

Strong gold and copper potential demonstrated with intersections of up to 10.25 g/t Au and 42.15 g/t Ag.

Further exploration work is planned for 2025, focusing on geophysical surveys and additional drilling.

TomaGold Corporation (TSXV:LOT) is pleased to share the latest results from its 2023 drilling program at the Obalski property, located just 2 kilometers south of Chibougamau, Quebec. The drilling program, which began in June 2023 and concluded in July 2023, faced interruptions due to forest fires but successfully completed six drill holes, totaling 1,539.9 meters.

The main goal of this drilling campaign was to explore the presence of a polymetallic mineralized system, previously identified in 2017. That initial discovery, based on two holes drilled in the region, showed promising results, including hole OBS-17-002, which intersected 10.25 g/t Au, 42.15 g/t Ag, and 7.80% Cu over 3.10 meters. Hole OBS-17-010 also revealed significant values of gold, silver, and copper.

David Grondin, President and CEO of TomaGold, expressed excitement over the continued potential of the Obalski project. He highlighted its location in one of Quebec's most productive mining camps and the promising results near Chibougamau. In 2025, TomaGold intends to further investigate the Obalski property to better define its resource potential.

Jean Lafleur, VP Exploration at TomaGold, commented on the latest drilling results, noting that there could be multiple north-south mineralized structures across the Obalski property. The technical committee has recommended carrying out targeted geophysical surveys along the 020-degree structures, followed by more drilling to continue exploring the full potential of the area.

The company maintains a strict Quality Assurance/Quality Control program for its exploration work. Core samples are processed and analyzed by ALS Chemex in Val-d'Or, Quebec, to ensure the accuracy and reliability of results.

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