MONTREAL, QUEBEC–(Feb. 25, 2015) - TomaGold Corporation (LOT:CA) (“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.
An 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 TomaGold.
The program will be carried out using two diamond drill rigs and is expected to be completed by mid-April.
The technical 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.
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President and Chief Executive Officer
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