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TomaGold Corporation (LOT.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.07000.0000 (0.00%)
At close: 1:31PM EDT
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Previous Close0.0700
Open0.0700
Bid0.0650 x 0
Ask0.0700 x 0
Day's Range0.0650 - 0.0700
52 Week Range0.0500 - 0.1100
Volume290,100
Avg. Volume144,388
Market Cap10.655M
Beta (5Y Monthly)-0.61
PE Ratio (TTM)3.04
EPS (TTM)0.0230
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • TomaGold undertakes further exploration on Obalski
    GlobeNewswire

    TomaGold undertakes further exploration on Obalski

    The Corporation is undertaking a Pulse-EM geophysical survey in four drill holes.TomaGold will start a 10,000-metre drilling program on its Obalski property as soon as it has access to a drill rig. MONTREAL, June 08, 2021 (GLOBE NEWSWIRE) -- TOMAGOLD CORPORATION (TSXV: LOT) (“TomaGold” or the “Corporation”) is pleased to announce that it will conduct a four-hole Pulse-EM geophysical survey in preparation for a 10,000-metre drilling program on its wholly-owned Obalski property, located 3 km south

  • TomaGold strengthens its position around the Obalski and Monster Lake properties
    GlobeNewswire

    TomaGold strengthens its position around the Obalski and Monster Lake properties

    Figure 1 Hazeur property Figure 2 Obalski property The Corporation acquires the 30% minority interest in the Hazeur property and extends the Obalski property by acquiring an additional 46 claims just south of the property.Preparation of the 10,000-metre drilling program on Obalski underway.Preparation of core from historical drilling on Obalski to be sent to Corem for reanalysis using a leaching procedure. MONTREAL, April 19, 2021 (GLOBE NEWSWIRE) -- TOMAGOLD CORPORATION (TSXV: LOT) (“TomaGold” or the “Corporation”) is pleased to announce that it has signed two agreements for the acquisition of interests and mineral properties aimed at strengthening its position around the Obalski and Monster Lake properties, as well as an update on upcoming work on Obalski. Hazeur property The Corporation has signed an agreement with Visible Gold Mines to acquire its 30% interest in the Hazeur property, located just south of Monster Lake and Monster Lake East. As consideration, TomaGold will issue 2 million common shares upon closing of the transaction and make the following cash payments: $50,000 by May 31, 2021, an additional $100,000 by July 31, 2021, and another $100,000 by November 30, 2021. Visible Gold Mines will hold a 2% net smelter return royalty, with 1% redeemable by TomaGold for $500,000. Obalski property The Corporation has signed an agreement to acquire a 100% interest in 46 claims located just south of the Obalski property. As consideration, TomaGold will issue 3 million common shares upon closing of the transaction and will issue an additional 2 million common shares or make a cash payment of $250,000 (at the option of the Corporation) one year after closing. The vendors will hold a 2% net smelter return royalty, with 1% redeemable by TomaGold for $1 million. “These transactions will strengthen our position around Monster Lake to a total of 151 wholly-owned claims covering 8,304 hectares (83 km2) situated around the IAMGOLD deposit, and will extend the Obalski property towards the south, which also has interesting geological potential,” said David Grondin, President and Chief Executive Officer of TomaGold. “In addition, in line with the spring thaw, we are preparing the core material from historical drilling on Obalski to be sent to Corem for reanalysis using a leaching procedure and we will soon begin, depending on the availability of the drilling crews, our 10,000-metre drilling program on the same property.” The transactions are arm’s length transactions subject to the approval of the TSX Venture Exchange. The technical content of this press release has been reviewed and approved by André Jean, P.Eng., the Corporation’s Director of Exploration and a qualified person under National Instrument 43-101. About TomaGoldTomaGold Corporation (TSXV: LOT) is a Canadian mineral exploration corporation engaged in the acquisition, assessment, exploration and development of gold mineral properties. TomaGold has interests in five gold properties near the Chibougamau mining camp in northern Quebec: Obalski, Monster Lake East, Monster Lake West, Hazeur and Lac Doda. It also participates in a joint venture with Evolution Mining Ltd. and New Gold Inc., through which it holds a 24.5% interest in the Baird property, near the Red Lake mining camp in Ontario. Contact:David Grondin President and Chief Executive Officer(514) 583-3490www.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. Some of the statements contained in this press release are forward-looking statements within the meaning of applicable securities laws. Forward-looking statements can be identified by the use of words such as “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “should”, “might” or “will” be taken, occur or be achieved. Forward-looking statements are not historical facts and are subject to a number of risks and uncertainties beyond the Corporation’s control. Readers are cautioned that such statements are not guarantees of future performance and that actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this press release. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation undertakes no obligation to publicly update or revise any forward-looking statements, except as required by law. Figure 1: Hazeur property is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/42c75526-db1f-4d73-8419-92ced751a534 Figure 2: Obalski property is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5baf7998-db30-4eb9-8824-cbdc9b00bb27

  • TomaGold continues to show strong results at Obalski with 23.7 g/t Au and 24.5 g/t Ag over 0.5 metres
    GlobeNewswire

    TomaGold continues to show strong results at Obalski with 23.7 g/t Au and 24.5 g/t Ag over 0.5 metres

    Figure 1 Obalski Surface Plan Figure 2 Obalski Section 120E Corporation reports results from last four holes of a seven-hole, 2,502-metre programBest results include: Hole OBS-21-005: 23.7 g/t Au and 24.5 g/t Ag over 0.5 metresHole OBS-21-007: 23.6 g/t Au and 2.9 g/t Ag over 0.5 metresHole OBS-21-007: 0.46 g/t Au and 0.32 g/t Ag over 18.75 metres 10,000-metre follow-up drilling program to start in April MONTREAL, March 25, 2021 (GLOBE NEWSWIRE) -- TOMAGOLD CORPORATION (TSXV: LOT) (“TomaGold” or the “Corporation”) is pleased to report the results for the last four holes of its 2,502-metre drilling program on its wholly-owned Obalski property, in Chibougamau, Quebec. Drilling began in December 2020 and ended on February 18, 2021. The program consisted of seven holes, six of which were drilled on two separate sections (450 E and 120 E), while the seventh hole was designed to test the rock type at the eastern property boundary and, as expected, did not return any significant values. The goal of the program was to better define the A-Po zone on sections 450 E and 120 E, located 330 metres apart, with very little exploration work in between. Drilling was also aimed at intersecting the A, C and D zones, some of which had already been mined underground and been the subject of minor surface work. The results for the three holes drilled on section 450 E were disclosed previously (see press release dated March 10, 2021). The following table shows the gold, silver and copper results for the three holes drilled on section 120 E: HOLEZONEAu(g/t)Ag(g/t)Cu(%)Core length*(m)Depth(m)OBS-20-005A-Po N3.433.78NSV3.55190IncludingA-Po N23.724.5NSV0.50190OBS-20-006A-Po N0.240.68NSV1.90260OBS-20-007A-Po S4.810.58NSV2.50365IncludingA-Po S23.62.9NSV0.50365OBS-20-007A-Po N0.460.32NSV18.74380 NSV: non-significant value *The width shown is the core length. True width is estimated at 65-70% of core length. “These latest results appear to confirm the continuity of the A-Po North and South zones, warranting a 10,000-metre follow-up program to start in April,” said David Grondin, President and CEO of TomaGold. “The new program is aimed at defining the A-Po zone by drilling every 50 metres between sections 120 E and 450 E to a vertical depth of at least 500 metres, with some holes reaching a vertical depth of 650 metres. We believe that the results of this first program are a good indicator of the gold potential that lies below. The work is expected to take approximately four months to complete.” In parallel with the drilling program, samples from certain mineralized zones will be further investigated and re-analysed by Corem using a leaching procedure. In 1987, given highly variable results from its drilling programs, Syngold Exploration, a previous owner, decided to re-run samples using a leaching procedure. Notably, leaching on samples from several intersections, including samples from hole OBS-87-03, returned an average grade of 2.1 g/t Au over 17.1 m, from 331.3 m to 348.4 m (compared to 0.18 g/t Au for the original assays), including a 6.7-m section, from 339.9 m to 346.6 m, that graded 3.43 g/t Au (compared to just 0.254 g/t for the original assay). Assaying (gold, multi-element and whole rock) was performed at three different independent laboratories: Chimitec Ltd., Bourlamaque Assay Laboratories Ltd. and Metriclab (1980) Inc. Cyanidation test work was also done at Lakefield Research. Syngold did not introduce standards or blanks into the assaying chain but carried out diligent re-sampling of the mineralization. The work report (GM-48538) included the assay certificates but did not provide any information on the sample preparation and assaying procedure or the internal control results for the laboratories. The above values have been recalculated from the original assays, taking into consideration re-assaying done by Syngold in 1988. Finally, a more detailed reinterpretation of the geology, structure and mineralization is also underway. Recent drilling has enabled the Corporation to confirm the presence of two significant gold-bearing structures: the A-Po zone, which is characterized by the presence of a corridor rich in semi-massive to locally massive sulphides, and the D vein, which is defined by a shear that intersects the A-Po zone and is injected by a gold-rich quartz vein locally. Sample preparation and analysisTomaGold has implemented and is adhering to a strict Quality Assurance/Quality Control program for the present drilling program. The core is sawed in half, with one half kept as a witness sample in Chibougamau and the other half shipped directly by bus to ALS Chemex in Val-d’Or, Quebec. The half core is then ground to 1/8" and split into two halves by ALS. One half is kept as a witness (reject) by ALS in Val-d’Or. ALS pulverizes the other half to minus 150 mesh and takes a 50 g sample for analysis. The rest is kept at ALS and identified as “pulp”. The technical content of this press release has been reviewed and approved by André Jean, P.Eng., the Corporation’s Director of Exploration and a qualified person under National Instrument 43-101. About the Obalski propertyThe Obalski property, which covers 345 hectares, including a 33-hectare mineral concession, lies about 2 km south of Chibougamau, Quebec. Discovered in 1928, the Obalski deposit produced 100,273 tonnes at grades of 1.14% Cu, 2.08 g/t Au and 6.04 g/t Ag from the A zone between 1964 and 1972, and around 9,000 tonnes at a reported grade of 8.5 g/t Au from the D zone in 1984 (Source: SIGEOM and Camchib Exploration internal reports). About TomaGoldTomaGold Corporation (TSXV: LOT) is a Canadian mineral exploration corporation engaged in the acquisition, assessment, exploration and development of gold mineral properties. TomaGold has interests in five gold properties near the Chibougamau mining camp in northern Quebec: Obalski, Monster Lake East, Monster Lake West, Hazeur and Lac Doda. It also participates in a joint venture with Evolution Mining Ltd. and New Gold Inc., through which it holds a 24.5% interest in the Baird property, near the Red Lake mining camp in Ontario. Contact:David Grondin President and Chief Executive Officer(514) 583-3490www.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. Some of the statements contained in this press release are forward-looking statements within the meaning of applicable securities laws. Forward-looking statements can be identified by the use of words such as “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “should”, “might” or “will” be taken, occur or be achieved. Forward-looking statements are not historical facts and are subject to a number of risks and uncertainties beyond the Corporation’s control. Readers are cautioned that such statements are not guarantees of future performance and that actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this press release. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation undertakes no obligation to publicly update or revise any forward-looking statements, except as required by law. Figure 1: Obalski Surface Plan is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9b9f3104-97a1-4096-ae32-77e5647bab67 Figure 2: Obalski Section 120E is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6849f641-063b-40b4-b6d2-d0bdf3e33f64