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TomaGold Corporation (TSXV:LOT) and Quinto Real Capital Corporation (TSXV:QIT) reported results of holes M-13-102 to M-13-107 from the 5,000-metre drilling program on the Monster Lake property.
As quoted in the press release:
The latest results clearly show that the 325 zone follows the classic pattern of Archean gold deposits, with a pinch and swell structure resulting from later tectonic stresses, and coarse free gold causing a significant nugget effect.
The results also indicate that the mineralization could dip -65° north, which would explain why holes M-12-51, M-13-96, M-13-97 and M-13-104 returned low grades and/or small thicknesses, being located outside the 325 zone (see longitudinal section, below).
TomaGold President and CEO David Grondin said:
I am excited about Monster Lake, particularly since my recent site visit. Both my geology team and outside experts have clearly demonstrated that Monster Lake has the potential to become a world-class deposit. I am sure that our work will lead to a major discovery in the Chibougamau mining camp.
Click here to read the TomaGold Corporation (TSXV:LOT) press release
Click here to see the TomaGold Corporation (TSXV:LOT) profile.