TomaGold announces the start of a 4,000-metre drilling program by IAMGOLD on Monster Lake Project
Montreal, Quebec, September 17, 2015 – TomaGold Corporation (TSXV: LOT) (“TomaGold” or the “Company”) is pleased to announce that IAMGOLD Corporation (“IAMGOLD”) will start a new drilling program on the Monster Lake project located some 50km southwest of Chibougamau, Quebec.
Starting before the end of September 2015, the 4,000-metre drilling program will test the Upper 325-Megane Zone and will include a few infill drill holes on the 325-Megane Zone. As access conditions permit, additional holes will be drilled around hole 147 which intersected in the north extension of the Monster Lake Shear Zone 3.41 metres grading 4.51 g/t gold and 10.72 metres grading 3.64 g/t gold in the last winter drilling program. The program will also test, for the first time, priority targets on the Lac-à-l’Eau-Jaune property, which is adjacent to Monster Lake and situated on a parallel structure. This new drilling program is a follow-up to the mapping, geophysics and trenching (results pending) campaign completed during the summer of 2015.
“We are very pleased to have a partner such as IAMGOLD, which has made a commitment to continue exploration work on Monster Lake and its adjoining properties despite difficult market conditions. We remain very optimistic about the gold potential of our properties, as only a small portion has been explored and we are eager to see the results of this new drilling program,” said David Grondin, President and CEO of TomaGold.
The program will be carried out using two diamond drill rigs and is expected to be completed by end of November.
The technical content of this press release has been reviewed and approved by André Jean, Eng., a qualified person as defined by NI 43-101.
About TomaGold Corporation
TomaGold Corporation is a Canadian-based mining exploration company whose primary mission is the acquisition, exploration and development of gold projects in Canada and abroad.In November 2013, the Company signed an agreement for IAMGOLD to acquire a 50% interest in each of the Monster Lake, Winchester and Lac-à-L’Eau-Jaune properties in exchange for a total of $16 million of exploration work and a cash payments totalling $1,575,000 over five and a half years.
President and Chief Executive Officer
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