Â TomaGold Corporation (TSXV:LOT) announced that it has commenced exploration work on its Urban property that is located 100 kilometres east of Lebel-sur-Quevillon. The exploration work will include a 34-km MaxMin survey that will be followed by about 2,000 metres of diamond drilling.
As quoted in the press release:
The Urban property comprises 58 mining claims and covers an area of 928 hectares. In 2007, geophysical work enabled Stellar Pacific Ventures to discover five strong magnetic anomalies on the property. Four of them, located in the northeast corner of the property, are similar to the magnetic signature of the Windfall showing and could represent a possible east-northeastern trend.
TomaGold Corporation President and CEO, David Grondin said:
The Urban property has excellent gold-bearing potential. It is close to several known occurrences such as the Lac Rouleau showing and the Barry (Metanor) and Windfall (Eagle Hill) deposits, which are all within a 10-km radius. This work program will enable us to better define the Urban property’s gold-bearing potential, and we are also preparing our next drilling program for the Monster Lake property with our partner Quinto Real Capital Corporation.
There Is No Guide to Gold That is More Concise, Clear and Authoritative.Download our FREE Special Report, Is Gold a Good Investment? Gold Price Today and Future Gold Price Predictions.