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TomaGold Corp. (TSXV:LOT) announced plans to complete a high-definition magnetic VTEM-type airborne survey with Geotech Ltd. by the end of the month. The survey will cover the Little Monster, Cookie Monster, Monster Island and Hazeur properties.
TomaGold Corp. (TSXV:LOT) announced plans to complete a high-definition magnetic VTEM-type airborne survey with Geotech Ltd. by the end of the month. The survey will cover the Little Monster, Cookie Monster, Monster Island and Hazeur properties, which are contiguous and lie along the eastern and southern boundaries of the Monster Lake, Lac-à-l’Eau-Jaune and Winchester properties.
As quoted in the press release:
TomaGold’s recently acquired Monster Island and Hazeur properties add an area of 3,913 hectares to the 2,682 hectares already covered by the Little Monster and Cookie Monster properties. The Monster Island property (1,173 hectares) lies directly on top of anomalies identified by a VTEM survey done by IAMGOLD on Monster Lake in the winter of 2015, while the Hazeur property (2,740 hectares) covers the large Opawica-Guercheville deformation zone, which hosts the Bachelor mine in Desmaraisville and the Joe Mann mine in Chibougamau.
David Grondin, president and CEO of TomaGold, commented:
We are keen to pursue work on our properties around Monster Lake. We expect this preliminary work to generate an initial set of targets for additional work in 2016. Although we recently solidified our financial position, we remain cautious and strategic in terms of the expenses we incur to establish the gold potential on our properties.
Click here to read the full TomaGold Corp. (TSXV:LOT) press release.