Northwire Canada EditionFriday, July 10, 2026
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NNX 0.035 +0.0% ABX 51.85 −0.7% TTS 2.50 +0.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 22.99 +10.5% TUNG 1.72 +1.8% LGO 1.00 −3.9% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.40 −0.5% SGZ 0.045 +0.0% S 0.155 +29.2% GRSL 0.310 −3.1% DEX 0.390 +1.3% WMS 0.040 +0.0% NNX 0.035 +0.0% ABX 51.85 −0.7% TTS 2.50 +0.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 22.99 +10.5% TUNG 1.72 +1.8% LGO 1.00 −3.9% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.40 −0.5% SGZ 0.045 +0.0% S 0.155 +29.2% GRSL 0.310 −3.1% DEX 0.390 +1.3% WMS 0.040 +0.0%
Drill Results Routine +

TomaGold Completes Extension Drilling Program at Berrigan Mine and Launches Major Prospecting and Geophysical Survey Campaign Across its Chibougamau Properties

TomaGold Consolidates Chibougamau Camp While Assay Results Await to Validate Deep Zone Potential

By The Northwire Desk — AI Analysis May 28, 2026 · 07:30 LOT · 0.04 TomaGold Corporation
Executive Summary
  • Exploration Progress: TomaGold completed Phase 2 extension drilling at its Berrigan Mine project, reporting "extremely encouraging visual observations" of mineralization in drill core.
  • Assay Status: Samples from holes TOM-25-009EXT and TOM-25-011EXT have been shipped to AGAT Laboratories; results are expected shortly. Remaining holes are being logged.
  • New Campaign: The company launched a major ground prospecting campaign across optioned properties (Chibougamau Independent Mines, Globex, SOQUEM) and plans extensive geophysical surveys (BHEM, UTEM, AMT).
  • Property Consolidation: Management states they now control what is effectively a consolidated mining district in the Chibougamau district following option acquisitions.
  • Historical Context: Phase 1 results previously showed high-grade intercepts, notably hole TOM-25-015 returning 98.5 m at 5.08% ZnEq (1.19 g/t AuEq).
Material Impact
  • Incremental Progress: The news confirms the company is executing its exploration strategy but does not provide new quantitative assay data to revalue the asset immediately compared to the January 2026 "Berrigan Deep" discovery announcement.
  • Pending Catalysts: The materiality of this release hinges on the upcoming assay results from Phase 2 extension holes. If these confirm continuity or expansion of the high-grade zone, it could be Material - Positive; if they miss expectations set by Jan/Feb results, it could turn Negative.
  • Financing Context: A private placement was announced in April 2026 for $1.5M to fund working capital and exploration. This news supports the use of proceeds but adds to shareholder dilution risk.
  • Valuation Impact: The stock has corrected from its January peak ($0.11) to current levels ($0.04). While positive, this update is likely priced in as routine maintenance of the project timeline rather than a new valuation inflection point until assays are released.
LOT · Price
Company Overview
  • Company: TomaGold Corp. (TSXV: LOT). Junior exploration company focused on the Chibougamau Mining Camp in Quebec, Canada.
  • Flagship Project: Berrigan Mine (Zinc/Gold/Silver). Recently discovered "Berrigan Deep" zone with high-grade intercepts (e.g., 98.5m @ 5.08% ZnEq).
  • Other Assets: Obalski Project (100% owned, historic Cu-Au), Radar, David, Dufault (Optioned properties), and Lithium/REE projects in James Bay.
  • Strategy: Consolidating a mining camp through option agreements with Chibougamau Independent Mines, Globex, and SOQUEM to create a multi-project portfolio.
Read the original news release →

More from TomaGold Corporation

Jun 30, 2026 · 07:30

TomaGold Continues to Expand Berrigan Mine at Depth with a New Major 204.25 m Intersection in the Berrigan Deep Zone

Drill Results Jun 23, 2026 · 07:30

TomaGold advances deep exploration at Berrigan with an AMT survey as phase two assay results approach.

Drill Results May 29, 2026 · 07:30

Berrigan Deep Discovery Confirmed, Phase 2 Drilling Underway Amidst Financing Dilution

Drill Results Apr 15, 2026 · 07:15

TomaGold Raises Capital to Fund Berrigan Deep Discovery Momentum Amidst Dilution Concerns

Financings Apr 01, 2026 · 10:52

Drilling Resumes on Globex's Berrigan Zinc, Gold, Silver Royalty Property NW of Chibougamau, Quebec

Drill Results Mar 31, 2026 · 13:20

TomaGold doubles down on Berrigan Deep as Phase 1 intercepts confirm high-grade zinc-gold system

Drill Results