TomaGold Provides Corporate Update on Berrigan Mine Drilling, Geophysical Surveys and Regional Sampling Programs
TomaGold’s progress report highlights pending datasets and ongoing exploration activities without disclosing new assay results or specific project metrics.
TomaGold Corporation (LOT) issued a corporate update on August 12, 2026, summarizing previously disclosed Phase 2 drill results. The company confirmed that multiple geophysical surveys, including AMT, UTEM, and BHEM, along with regional geochemical sampling programs covering rock, soil, and tree bark, have been completed. All reports from these surveys are currently pending.
No new assay intervals were provided in the release. The company reiterated that assays from three remaining extension holes—TOM-25-010EXT, TOM-25-012EXT, and TOM-25-013EXT—are still pending.
The update referenced two previously reported holes to highlight the continuity of the Berrigan Deep zone over more than 250 meters. These holes include TOM-25-011EXT, which returned 204.25 m @ 2.05% ZnEq, including 31.31% ZnEq over 2.40 m, and TOM-25-009EXT, which showed multiple intersections, including 29.90 m @ 2.24% ZnEq.
TomaGold Corporation (LOT) released an update that reiterates previously reported results and outlines pending workstreams. The company confirmed that Phase 2 drilling holes are currently being processed and that geophysical programs are underway.
TomaGold’s stock has declined from a post-discovery high of CA$0.11 to CA$0.03. The company currently has a market capitalization of approximately CA$12 million and no revenue.
TomaGold Corporation is a Canadian junior explorer focused on gold, copper, and polymetallic assets, primarily in the Chibougamau mining camp in Québec. The company holds a 100% interest in the Obalski and Chicot projects and has earn-in options on 11 other properties, including the Berrigan Mine, David, William, Radar, and Dufault. Additionally, TomaGold holds a 24.5% joint venture stake in the Baird gold property in Ontario and is developing early-stage lithium and rare earth element projects in James Bay. All of the company’s assets are currently at the exploration stage, with no current mineral resources or economic studies; only historical estimates exist, none of which are NI 43-101 compliant.