TomaGold has an option to acquire a 70% interest in the Hazeur property from Visible Gold Mines Inc. for $230,000, including $5,000 payable in cash on signature of the agreement and $225,000 in exploration work, as well as the issuance of 1,550,000 common shares of the Company, over a three-year period. The Hazeur property consists of 61 mineral claims covering an area of 2,863 hectares, located on the southern border of the Monster Lake property. TomaGold is the project operator.
Exploration work by TomaGold
In November 2015, the Company initiated a high-definition magnetic VTEM-type airborne survey over the Monster Lake East and Hazeur properties. The survey revealed strong electromagnetic anomalies, including some that had already been identified by IAMGOLD on the Monster Lake property and which extend onto TomaGold's properties.
In February 2018, a detailed compilation has begun on the Monster Lake East / Hazeur properties to correlate all the detailed airborne and ground geophysical survey data with recent stratigraphic and structural interpretations. Detailed information from recent drilling by TomaGold will also be incorporated to the interpretation, which will generate drilling recommendations.
Maps and geological information