TomaGold Confirms Lateral Continuity of the Berrigan Deep Zone Over More Than 250 Metres with Extension Hole TOM-25-009EXT
TomaGold confirms lateral continuity at Berrigan Deep, though grade-thickness remains a fraction of earlier high-grade intercepts.
TomaGold Corporation (LOT) reported assay results from extension hole TOM-25-009EXT at its Berrigan Mine project in Québec. The hole intersected three zinc-gold-silver-copper zones between 389.35 m and 530.35 m downhole. The primary interval from 469.25 m to 499.15 m returned 29.90 m grading 2.24% ZnEq (0.52 g/t AuEq), including three higher-grade sub-intervals:
- 1.75 m at 8.03% ZnEq
- 2.60 m at 7.32% ZnEq
- 1.55 m at 6.45% ZnEq
Two additional zones were reported: 13.75 m grading 1.83% ZnEq and 4.35 m grading 2.46% ZnEq. The hole was extended from 276 m to 621 m to test the upper part of a modelled conductive plate. The company interprets the results as filling the gap between the discovery hole TOM-25-015 (5.08% ZnEq over 98.50 m) and TOM-25-011EXT (2.05% ZnEq over 204.25 m), confirming lateral continuity over >250 m. Assays from three other extension holes are pending.
TomaGold Corporation (LOT) is a pre-revenue junior explorer with a market capitalization of approximately $13 million. The Berrigan Deep discovery was initially made in January 2026 and confirmed by a 204 m intercept on June 30. Today’s hole serves as an infill drill that proves continuity over the expected 250 m interval.
The grade-thickness represents a substantial step-down from the two landmark holes. The stock price had fallen from $0.11 in late January to $0.04 by mid-July, indicating the market has already priced in the discovery and subsequent dilution risk. This modest intercept does not materially change the resource potential or the odds of an economic deposit; it merely adds one more data point. At this stage, the company needs a major resource expansion or a financing catalyst, neither of which is provided here.
TomaGold Corporation (LOT) is a junior explorer focused on the Chibougamau mining camp in Québec. Its core asset is the Berrigan Mine project, which it holds an option to 100%, where the company has discovered a new deep polymetallic zone beneath a historic mine. Other assets include the Obalski (100%), Radar, Dufault, and Chicot properties, plus a 24.5% joint venture interest in the Baird project in Ontario, operated by Evolution Mining, and early-stage lithium and rare earth element land packages in James Bay.
The company completed a drill program of more than 50 holes in 2025–2026. The historic Berrigan resource is reported at 1.39 million tonnes at 3.17% zinc and 1.77 grams per tonne gold, though this figure is non-compliant.