Wednesday, April 11, 2012

Gold Junior Soars on Assay Results

"TomaGold Corp. (TSX: V.LOT, Stock Forum) soared 128% to 80 cents Wednesday after its Monster Lake project in Chibougamau, Que., coughed up a high grade intersection in a single drill hole. TomaGold said it intersected 5.7 metres grading 237.6 grams gold per tonne in hole M-12-60, which is part of an 18-hole program that aims to demonstrate continuity and confirm the northern extension of the Annie Zone." From Stockhouse. 

TomaGold is a Canadian mineral exploration company active in northern Quebec. The company management is committed to evolve in a conscientious and determined the orientation strategy to maximize shareholders’ equity by managing Professional gold mining assets as well as existing the acquisition and promotion of other precious metal projects. The Company has adopted a code of conduct which are the pillars of integrity, good governance, respect for First Nations and finally, the responsibility Environmental. Website -

More on the Monster Lake Property - "The 3 zones remain open along strike due to single hole which have encountered gold mineralization or simply from the lack of drilling.  For instance hole 95-75 intersected 3.14 g/t Au over 2.0 meters and hole 95-55 cut 5.83 g/t Au over 1.1 meter and are single holes south of the 52 Zone, which add a potential 400 meters of additional strike length to the zone.  The north extension of Zone 52 is also open as no holes have been drilled for at least 500 meters along strike to the North."

I don't own any shares but will conduct some due diligence over the next couple of days.

No comments:

Post a Comment