TomaGold announces the start of drilling at Obalski

Corporation starts 2,500-metre drilling program to confirm historical drill results and better define Obalski’s A-PO zone

MONTREAL, Dec. 08, 2020 (GLOBE NEWSWIRE) -- TOMAGOLD CORPORATION (TSXV: LOT) (“TomaGold” or the “Corporation”) is pleased to announce that it has started drilling on its Obalski property. This initial seven-hole, 2,500-metre drilling program will verify historical results obtained from holes OBS-88-030, S-51-010 (which encountered massive sulfides) and OBS-87-002, with holes to be drilled on the same cross-sections, 30 metres above and 30 metres below the historical values. The main purpose of this drilling program is to better define the A-PO zone intersected on sections 120E and 450E, as only a few holes were drilled on these two sections, which lie 330 metres apart.

The A-PO zone was intersected in three holes drilled on Section 120E:

Hole	From (m)	To (m)	Length (m)	Au (g/t)
OBS-88-004	234.3	237.4	3.1	6.07
OBS-88-009	319.1	322.2	3.1	2.06
OBS-87-002	393.5	425.6	32.3	2.01
Including	393.5	399.9	6.4	1.98
Including	416.7	421.8	5.1	8.20

The A-PO Zone was intersected in three holes drilled on Section 450E:

Hole	From (m)	To (m)	Length (m)	Au (g/t)
OBS-88-029	280.3	286.2	5.9	7.42
OBS-88-030	375.8	388.7	12.9	1.04
Including	377.3	380.0	2.7	2.61
OBS-88-027	466.6	479.8	13.2	0.74
Including	472.2	474.5	2.3	1.20
Including	476.4	479.1	2.7	1.60

Based on observation of the sections, the ratio of true thickness to core length is estimated at 60% for longer holes and 80% for shorter holes.