TomaGold Corporation (TSXV:LOT) and Quinto Real Capital Corporation (TSXV:QIT) launched a 2,500 metre drilling program on the Monster Lake gold property in Chibougamau, Quebec.
As quoted in the press release:
The main goal of the program is to test the extension of the 325 Zone at a depth of 125 to 300 metres. A 45-kg metallurgical sample taken previously from the 325 Zone returned an average head grade of 4.8 g/t from metallurgical testing.
TomaGold Corporation President and CEO, David Grondin said:
The metallurgical test results and previous drilling on the 325 Zone, one of five main zones identified along the four-kilometre gold-bearing corridor on the Monster Lake property, were very positive and show interesting gold potential. We therefore feel we should continue testing this zone at depth, and then do metallurgical testing on a composite drill core sample to determine the average gold grade at depth.
|Otis Gold Corp. (TSXV:OOO) is a near-term producer with an NI 43-101 resource 520,000 ounces of drill-indicated gold at its Kilgore Project in Idaho. Work is scheduled to begin soon at the North Target area of the Kilgore Gold Project. Connect with Otis Gold Corp and never miss a catalyst.|