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TomaGold to Start Bulk Sampling at Monster Lake

Vivien Diniz
Sep. 20, 2012 09:53AM PST
Gold Investing

TomaGold (TSXV:LOT) announced plans to carry out bulk sampling at its Monster Lake property near Chibougamau, Quebec. The company aims to determine a more representative grade for the Monster Lake gold resource.

TomaGold (TSXV:LOT) announced plans to carry out bulk sampling at its Monster Lake property near Chibougamau, Quebec. The company aims to determine a more representative grade for the Monster Lake gold resource.

As quoted in the press release:

Hole
(#)

From
(m)

To
(m)

Length
(m)

g/t Au

Zone

M-01-10

33.2

34.1

0.9

3.76

Megane

M-02-10

49.00

50.00

1.00

3.80

Megane

54.20

55.20

1.00

2.22

M-06-10

23.00

25.00

2.00

2.49

Megane

M-11-10

159.00

160.00

1.00

1.36

52

165.00

165.90

0.90

1.83

166.40

168.00

1.60

1.18

M-15-10

79.00

83.00

4.00

3.19

52

M-16-10

46.00

50.60

4.60

5.33

325 showing

M-17-10

62.40

63.00

0.60

2.11

325 showing

69.50

71.40

1.90

1.10

M-18-10

67.70

69.00

1.30

1.17

325 showing

78.00

83.00

5.00

5.38

M-25-11

46.00

47.00

1.00

2.23

49.50

51.50

2.00

76.53

325 showing

53.00

55.00

2.00

8.26

M-28-11

40.00

43.00

3.00

1.54

325 showing

M-29-11

39.00

40.00

1.00

1.68

M-31-11

22.00

24.00

2.00

2.54

M-36-11

86.00

88.00

2.00

1.85

325 showing

95.00

97.00

2.00

8.38

M-37-11

100.00

100.00

1.00

2.21

325 showing

103.00

105.00

2.00

19.37

M-38-11

96.00

99.00

3.00

7.22

325 showing

M-40-11

104.00

105.00

1.00

1.85

325 showing

M-43-11

131.00

132.00

1.00

11.07

325 showing

M-44-11

119.00

121.00

2.00

1.47

325 showing

125.00

129.00

4.00

4.92

M-45-11

112.00

114.00

2.00

1.56

325 showing

121.00

122.00

1.00

4.81

M-47-11

106.00

107.00

1.00

1.79

325 showing

M-48-11

23.00

24.00

1.00

1.53

Cominco

28.00

29.00

1.00

4.05

 

 

David Grondin, President and CEO of TomaGold commented:

This bulk sample is the next logical step for Monster Lake as it will allow us to better evaluate the structure’s gold content and confirm the grades and metal recoveries, as well as establish the economic viability of this portion of the deposit for potential mining. The Megane-325 zone was chosen over the Annie zone because it has no overburden. The bulk sample will require various permits, as well as agreements with contractors for the mining and milling portion. The Company will update shareholders as the project advances.

 

Click here to read the full press release. 

 

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