Northwire Canada EditionSaturday, September 19, 2026
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GOLD 4424.90 +0.6% SILVER 67.15 +1.6% COPPER 6.69 +0.5% OIL 96.08 −5.7% PALLADIUM 1319.50 +1.3% ARIC 0.760 −1.3% DCOP 0.095 +0.0% GLO 0.620 +3.3% CCM 0.770 +1.3% FAN 0.750 +2.7% FL 0.450 −1.6% BGF 0.030 +0.0% KLD 2.25 −0.4% SLVR 1.17 +1.7% LEM 0.250 +0.0% GENM 0.610 −3.2% SICO 9.80 +1.0% CTV 0.125 +0.0% CTM 0.140 +0.0% RSMX 0.110 −4.3% FT 0.145 +3.6% GOLD 4424.90 +0.6% SILVER 67.15 +1.6% COPPER 6.69 +0.5% OIL 96.08 −5.7% PALLADIUM 1319.50 +1.3% ARIC 0.760 −1.3% DCOP 0.095 +0.0% GLO 0.620 +3.3% CCM 0.770 +1.3% FAN 0.750 +2.7% FL 0.450 −1.6% BGF 0.030 +0.0% KLD 2.25 −0.4% SLVR 1.17 +1.7% LEM 0.250 +0.0% GENM 0.610 −3.2% SICO 9.80 +1.0% CTV 0.125 +0.0% CTM 0.140 +0.0% RSMX 0.110 −4.3% FT 0.145 +3.6%
Drill Results Routine +

Update on Drilling on Chibougamau's Berrigan Mine Asset

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

By The Northwire Desk — AI Analysis May 29, 2026 · 07:30 LOT · 0.04 TomaGold Corporation
Executive Summary
  • Most Recent Update (May 29, 2026): TomaGold reports an update on drilling at the Chibougamau's Berrigan Mine asset. The release reiterates significant mineralization intersected in drill holes TOM-25-014 and TOM-25-015, which were originally reported in January 2026 as the discovery of the "Berrigan Deep" zone.
  • Phase 2 Status: Phase 2 drilling is underway to extend previous holes (TOM-25-009 to TOM-25-013) targeting the Berrigan Deep zone. Samples from extension holes (TOM-25-009EXT, etc.) were shipped in late May with results expected shortly.
  • Geophysical Plans: Concurrent plans include ground prospecting and advanced geophysical surveys (BHEM, UTEM, AMT) over a 4 km by 2 km corridor to identify new regional conductors.
  • Historical Context: The news confirms the viability of the January discovery but does not provide new assay results for the Phase 2 extension holes in this specific release, serving primarily as an operational status update following the May 28 completion announcement.
Material Impact
  • Incremental Nature: The most recent news is largely a confirmation of previous material positive announcements (January 2026 discovery) rather than a new discovery or assay result that changes the valuation thesis immediately.
  • Operational Continuity: It confirms management is executing on the Phase 2 plan announced in March and May, validating the company's commitment to the project despite recent financing dilution.
  • Lack of New Data: The absence of new assay results for the extension holes (TOM-25-009EXT etc.) in this specific release limits its immediate materiality compared to the January discovery news.
  • Market Expectation: Given the prior announcements, this update is expected by investors tracking the project progression and does not represent a surprise catalyst.
LOT · Price
Company Overview
  • Company Strategy: Acquire, explore, and develop high-potential precious and base-metal projects in Quebec (Chibougamau Mining Camp) while leveraging options on additional properties.
  • Flagship Project: Berrigan Mine (Optioned from Chibougamau Independent Mines).
    • Status: Exploration / Drilling Phase 2 underway.
    • Discovery: "Berrigan Deep" zone identified in Jan 2026 with high-grade Zn/Au intercepts (e.g., 5.75% ZnEq over 98.5m).
    • Geology: Semi-massive sulfide mineralization within serpentinized peridotite, open at depth.
  • Other Assets: Obalski Project (100% owned), Radar/Dufault Projects (Optioned), Star Lake REE/Brisk Lithium (James Bay).
Read the original news release →

More from TomaGold Corporation

Aug 12, 2026 · 07:30

TomaGold’s progress report highlights pending datasets and ongoing exploration activities without disclosing new assay results or specific project metrics.

Drill Results Jul 16, 2026 · 07:30

TomaGold confirms lateral continuity at Berrigan Deep, though grade-thickness remains a fraction of earlier high-grade intercepts.

Drill Results 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 28, 2026 · 07:30

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

Drill Results Apr 15, 2026 · 07:15

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

Financings