Drill Results
TomaGold Commences Audio-Frequency Magnetotelluric (AMT) Survey at its Berrigan Mine Project
TomaGold advances deep exploration at Berrigan with an AMT survey as phase two assay results approach.
Executive Summary
- TomaGold has commenced a 7.5 line-kilometre audio-frequency magnetotelluric (AMT) survey at its Berrigan Mine project in Quebec.
- The survey aims to map subsurface resistivity contrasts up to ~2 km depth to identify new conductive corridors, potential extensions of known mineralization, and concealed massive sulphide targets.
- This follows the completion of a Phase 2 extension drilling program (5 holes) where mineralization was consistently observed in core, though assay results remain pending.
- The company provided an update on Carbon2Green Developments Inc. (35% interest), which is securing peatland mining rights in Quebec for potential carbon credit monetization.
- Historical resource context notes a 2001 estimate of 1.39 Mt grading 3.17% Zn and 1.77 g/t Au, which is not NI 43-101 compliant and is not treated as a current resource.
- Technical content is reviewed by Qualified Persons Jean Lafleur, P.Geo. and Suzie Tremblay, P.Geo.
Material Impact
- The AMT survey is a standard, expected step in the company's systematic exploration strategy following the Berrigan Deep discovery and Phase 2 drilling completion.
- It does not contain new assay data or financial results; it is purely a forward-looking exploration activity designed to optimize future drill targeting.
- The news is incremental and aligns with previously announced exploration plans. It reinforces management's focus on depth extensions but does not immediately alter the project's valuation or near-term cash flow profile.
- The Carbon2Green update is a minor, long-term diversification effort with no immediate financial impact on the core mining operations.
- Overall, the release is routine exploration progress. It maintains the narrative but lacks the catalyst required to drive a material price re-rating without pending assay results or successful capital raising.
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Company Overview
- TomaGold Corp. is a Canadian junior mining company focused on the acquisition, exploration, and development of precious and base metal projects, primarily in Quebec and Ontario.
- Flagship Project: Berrigan Mine (Option to 100% from Chibougamau Independent Mines). The project sits in the prolific Chibougamau mining camp and recently revealed the "Berrigan Deep" semi-massive sulphide zone, intersecting wide intervals of zinc, gold, and silver.
- Other Core Assets: Obalski (100%, historical Au-Cu producer), Radar, Dufault, and Doda Lake. The company has consolidated a large land package through option agreements with CIM, Globex, and SOQUEM.
- Management: David Grondin (President & CEO), Jean Lafleur (VP Exploration), Martin Nicoletti (CFO). Board includes Michel E. Labrousse, Jean-Sébastien Jacquetin, and Caitlin Jeffs.
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Jun 30, 2026 · 07:30