The Prospector News

TomaGold Hits Three High-Grade Gold Intersections at Monster Lake, Including 42 g/t Au Over 7.2 m at a Vertical Depth of 278 m

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

TomaGold Hits Three High-Grade Gold Intersections at Monster Lake, Including 42 g/t Au Over 7.2 m at a Vertical Depth of 278 m

 

 

 

 

TomaGold Corporation (TSX VENTURE:LOT) and Quinto Real Capital Corporation announce the results of the three first holes of the 2,500-metre drilling program on the Monster Lake property, located 44 km southwest of Chibougamau, Quebec.

 

These first holes were drilled on Sections 1230E to 1265E of the 325 Zone, on the same 290° azimuth. The holes were drilled at dips of -50°, -60° and -70° to intersect the mineralized zone at vertical depths of 175 to 275 metres. AGATLabs of Mississauga, Ontario, reported the following results:

 

 

  • Hole M-13-93: 33.6 g/t Au over 5.85 m at a vertical depth of 217 m
  • Hole M-13-94: 11.5 g/t Au over 5.30 m at a vertical depth of 187 m
  • Hole M-13-95: 42.0 g/t Au over 7.20 m at a vertical depth of 278 m

 

 
It should be noted that the sheared tuff unit hosting the gold-bearing quartz vein was intersected at a 40-50° angle to the core axis, meaning that the width of the intersection is not necessarily the true width. Based on observations on surface in recent trenching and old holes drilled by SOQUEM and Stellar Pacific, the Company estimates the true width of the mineralized zone at 70 to 85% of the width intersected in the drill holes.

 
David Grondin, President and CEO of TomaGold, stated that: “This major discovery will take our assessment to a whole new level at Monster Lake, which has never been drilled to a depth of more than 125 metres. These holes show that the 325 Zone has promising gold potential at depth. The results for the first three holes would seem to indicate that the 325 Zone becomes wider and richer at depth. The presence of trace chalcopyrite and sphalerite and semi-massive pyrrhotite accompanied by intense black chlorite alteration suggests the proximity of a “VMS”-type setting, an indicator of potential for massive sulphide gold deposits.”

 

Posted February 20, 2013

Share this news article

MORE or "UNCATEGORIZED"


Interra Copper Reports Further Anomalous Cathedral Main Zone Drill Results

Interra Copper Corp. (CSE: IMCX) (OTCQB: IMIMF) (FRA: 3MX)  anno... READ MORE

January 24, 2022

Mandalay Resources Continues to Produce Excellent Results From Its Björkdal Eastward Mine Extension Drilling Programs

Veining with visible gold, supported by excellent grades, indicat... READ MORE

January 24, 2022

Capitan Mining Drills 38.1m of 0.63 G/T AuEq within a Broad Zone of 195.1m of 0.34 G/T Aueq.

Capitan Mining Inc. (TSX-V: CAPT) is pleased to report results f... READ MORE

January 24, 2022

Gold’n Futures Intersects Significant Gold Mineralization in the Golden Mile Zone in First Four Drill Holes at its Hercules Property in Northern Ontario

Gold’n Futures Mineral Corp. (CSE: FUTR) (FSE: G6M), (OTC: GFTR... READ MORE

January 24, 2022

GFG Intercepts Multiple Gold Zones in First Hole at the Montclerg Gold Project and Provides Corporate Update

GFG Resources Inc. (TSX-V: GFG) (OTCQB: GFGSF) announces that it... READ MORE

January 24, 2022

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2022 The Prospector News