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TomaGold to Conduct 10000 Meter Drilling Program on Obalski Property

Tomagold Corporation, a Canadian mineral exploration corporation, has announced that it will perform a four-hole Pulse-EM geophysical survey in preparation for a 10000 m drilling program on its 100% owned Obalski property, situated 3 km south of Chibougamau. The survey will be performed by Géophysique TMC of Val-d’Or.

TomaGold to Conduct 10000 Meter Drilling Program on Obalski Property

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In the Pulse-EM survey, a probe will be inserted into the existing drill holes and the sulfides present will be identified. Together with the historical drill findings compiled in 2020, this will enable Tomagold to better delineate the parameters of the subsequent drilling program. The target zone is located at a vertical depth of 400 to 600 m. The survey is aiming to collect extra data on the sulfide zone, such as its dip, strike and vertical depth.

The goal of the upcoming drilling program is to carry out the work as efficiently and cost-effectively as possible, and we are therefore conducting a Pulse-EM survey to optimize drill hole selection. The survey and data compilation should take two or three weeks and then we will start drilling as soon as the drill rig becomes available. The high demand for drill rigs in the area has caused a delay beyond our control, but we expect drilling to start in the next few weeks.

David Grondin, President and CEO, TomaGold Corporation

It must be remembered that Tomagold achieved outstanding results from the 2502 m drilling program that was performed in the winter of 2020 to 2021, with many high-grade gold and copper values, such as 47.4 g/t Au, 7.06% Cu, and 87.6 g/t Ag over 1.1 m and 67.1 g/t Au, 2.32% Cu, and 40.1 g/t Ag over 0.5 m in hole OBS-20-002; 12.45 g/t Au, 0.53% Cu, and 17.7 g/t Ag over 0.65 m in hole OBS-20-001; and 24.5 g/t Ag and 23.7 g/t Au over 0.5 m in hole OBS-21-005.

About the Obalski Property

The Obalski property spans around 345 ha, inclusive of a 33 hectare mineral concession located around 2 km south of Chibougamau in Quebec. Identified in 1928, the Obalski deposit yielded 100,273 tons at grades of 2.08 g/t Au, 6.04 g/t Ag, and 1.14% Cu from the A zone from 1964 to 1972, and about 9,000 tons at a reported grade of 8.5 g/t Au from the D zone in 1984.


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