TomaGold Corp (TSX-V:LOT) announced that the report on the DAS Vision3D induced polarization (IP) survey carried out on the southern portion of its 100%-owned Obalski property in Quebec has revealed the presence of at least six strong chargeability and/or resistivity anomalies south of the APo zone, which extend downward from peaks located at a vertical depth of 100 metres (m) to 150m and remain open at an average depth of 325m.
The gold projects developer said as a result, it has initiated a 3,000m drill program on the main anomalies located by the IP survey to assess their nature and the type of mineralization encountered.
“This is a major find for us, as it warrants drilling in untested areas that show even stronger exploration potential than what we have seen in previous work,” TomaGold CEO David Grondin said in a statement.
READ: TomaGold wraps up induced polarization survey over part of Obalski property ahead of summer 2022 drilling program
“We have just started drilling the newly-discovered anomalies and we’re eager to see where this next phase of exploration will take Obalski,” Grondin added.
TomaGold noted a number of less strong anomalies were also found and it expects to complete the current drilling program within the next couple of weeks.
The company added that the southern portion of the property has seen only very limited shallow drilling to date, to a maximum vertical depth of 200m.
TomaGold has interests in five gold properties near the Chibougamau mining camp in northern Quebec: Obalski, Monster Lake East, Monster Lake West, Hazeur and Lac Doda. It also participates in a joint venture with Evolution Mining and New Gold, through which it holds a 24.5% interest in the Baird property, near the Red Lake mining camp in Ontario.
Contact Sean at sean@proactiveinvestors.com