TomaGold announces the start of a 5,000-metre drilling program by IAMGOLD on Monster Lake
Montreal, Quebec, February 25th 2015 – TomaGold
Corporation (TSXV: LOT) (“TomaGold” or the “Company”) is pleased to
announce that IAMGOLD Corporation (“IAMGOLD”) is preparing to recommence drilling activities on the Monster Lake
property, located some 50 km southwest of Chibougamau, Quebec.
initial 5,000-metre drilling program is aimed at establishing the lateral and
vertical continuity of the main shear structure hosting the 325-Mégane zone
along the southeast flank of a known major fold in the area. Holes postponed in
the fall of 2014 due to unfavourable ground conditions on the northwestern
flank of the fold will also be drilled during the program. “After the positive
results obtained last fall, we are very pleased to see that IAMGOLD is resuming
work, particularly as this program will also cover priority zones that were
difficult to access in the fall,” said David Grondin, President and CEO of
The program will be carried
out using two diamond drill rigs and is expected to be completed by mid-April.
content of this press release has been reviewed and approved by André
Jean, 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 dollars of exploration work and a cash payment of
$1,575,000 over five years and a half.
President and Chief Executive Officer
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. The
statements made in this news release that are not historical facts are
“forward-looking statements”. Readers are cautioned that any such statements
are not guarantees of future performance, and that actual developments or
results may vary materially from those described in these “forward-looking”