Deep Semi Massive Sulphide Zinc, Silver and Gold Intersection at Berrigan Property
Berrigan Deep discovery hits 98.5-meter mineralized intercept, signaling potential camp-scale shift despite historical financial fragility.
On January 29, 2026, TomaGold Corporation (operator) and Chibougamau Independent Mines (owner) announced a major discovery at the Berrigan property in Quebec. Drill hole TOM-25-015 intersected a new zone named "Berrigan Deep," returning 5.75% Zinc Equivalent (ZnEq) or 1.34 g/t Gold Equivalent (AuEq) over a massive 98.5-meter interval starting at 451.2 meters depth. This follows hole TOM-25-014, which hit multiple high-grade narrow intervals including 41.79% ZnEq (9.80 g/t AuEq) over 1.4 meters. The company interprets these results as evidence of a large mineralized system that remains open at depth. Modeling is currently underway to target the -250 to -500 meter interval, and a new drilling program is slated for early February 2026.
The discovery of a nearly 100-meter mineralized intercept is objectively material for a micro-cap exploration company. - Resource Potential: The width of the "Berrigan Deep" intersection suggests significant tonnage potential if continuity can be established. This is a departure from the narrower, vein-style mineralization historically seen in the area. - Strategic Validation: The news confirms the company's 2025 thesis that deep drilling and 3D modeling could unlock a new mineralized horizon in the Chibougamau camp. - Economic Quality: While a 5.75% ZnEq grade over 98.5m is impressive, investors must remain critical of "equivalent" grades. The actual gold grade in that long intercept was 0.82 g/t Au, meaning the bulk of the value is currently zinc-weighted. - Market Reaction: The stock has moved from $0.02 to $0.09 leading up to and following the results, a 350% increase, reflecting the market’s recognition of the discovery’s scale.
TomaGold is focused on the Chibougamau mining camp in Quebec. Its flagship is the Berrigan Mine project, held under option from Chibougamau Independent Mines. Berrigan is a polymetallic (Zn-Au-Ag-Cu) project. Historical estimates (non-NI 43-101) from 2001 suggested 1.38 million tonnes at 3.17% Zn and 1.77 g/t Au. The company also holds the 100%-owned Obalski project and several other optioned properties from SOQUEM and Globex.