NQ Exploration

Monster Lake East

Property description

TomaGold owns a 100% interest in the Monster Lake East property, which consists of 69 mineral claims covering an area of 4,269 hectares. The property is located directly to the east of the Monster Lake property and is divided into three sectors: Cookie Monster, Little Monster and Monster Island.

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 December 2015, TomaGold carried out an initial drilling program consisting of 11 holes totalling 1,783 metres. The goal of the program was to test some of the anomalies identified on the Monster Lake East property. The program showed that these anomalies are related to the presence of disseminated pyrite at the edge of pillow basalts, with some showing a strongly magnetic rock of gabbroic composition. The program returned gold assay results of below 1 g/t gold.

In February 2018, TomaGold carried out a partial airborne survey over a large copper geochemical anomaly that was discovered by a government survey. It also began cutting a grid of 20 km of lines, including a 4 km baseline, and retained Abitibi Geophysics to conduct a detailed IP survey to explore the anomaly to a depth of 300 m.

Furthermore, 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

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Distribution list