Large Width of Semi Massive Zinc, Silver and Gold Bearing Sulphides Intersected on Globex Royalty Property
TomaGold intercepts massive 98.5-meter mineralized zone at Berrigan Mine, signaling potential for large-scale polymetallic discovery at depth.
On January 29, 2026, TomaGold Corporation announced a significant discovery at its Berrigan Mine project in Chibougamau, Quebec. Drill hole TOM-25-015 intersected a new "Berrigan Deep" zone, returning 5.75% Zinc Equivalent (ZnEq) or 1.34 g/t Gold Equivalent (AuEq) over a substantial width of 98.5 meters. This intersection includes several higher-grade sub-intervals. The discovery indicates that mineralization extends significantly beneath previously known zones and remains open at depth. The news was echoed by partner Chibougamau Independent Mines (property owner) and Globex Mining Enterprises (royalty holder), confirming the materiality of the results across the stakeholder chain.
- Resource Scale Potential: The width of the intercept (98.5m) is a "game changer" for the project's scale. Previous results focused on narrower vein systems; this suggests a large-scale semi-massive sulfide system.
- Discovery Validation: The "Berrigan Deep" concept validates the geological modeling provided by VP Exploration Jean Lafleur earlier in 2025, increasing management's technical credibility.
- Asset Value: This result significantly increases the value of the option held by TomaGold. However, it also increases the urgency for the company to meet its remaining cash and share payment obligations to Chibougamau Independent Mines to secure 100% ownership.
- Market Sentiment: The stock price reacted violently, moving from $0.06 in early January to $0.11 on the news date, a nearly 100% increase on high volume, indicating the market views this as a transformative event.
- Company: TomaGold is a Quebec-based explorer focused on the Chibougamau mining camp.
- Flagship Project: Berrigan Mine Project (Quebec).
- Project Description: A polymetallic (Zn, Au, Ag, Cu) system. Historical estimates (non-NI 43-101) suggested 1.38M tonnes, but recent drilling suggests this may only represent a small fraction of the total system.
- Ownership: Currently held under option from Chibougamau Independent Mines. TomaGold must make total payments of $2.7M cash and $1.85M in shares over 6 years to earn 100%.