TomaGold announces the start of drilling at Obalski - Seite 2

“Our data compilation of Obalski’s 60,000 metres of drill results, which has enabled us to produce a preliminary 3D model based on Obalski’s historical results (see Obalski 3D model), seems to show that the property holds strong gold, copper and silver exploration potential,” said David Grondin, President and CEO of TomaGold. “Previously known largely for its unique copper veins, the Chibougamau-Chapais mining camp now has a new vocation, with significant exploration targeting typical massive sulphide (VMS) mineralization and gold deposits typical of the Abitibi Volcanic Belt in Quebec and Ontario. Our technical team is very knowledgeable about the area and has designed an exploration program aimed at finding additional gold-copper-silver mineralization at this former producer.”

Obalski 3D model is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/63c0b129-825b-41bb ...

Assaying (gold, multi-elements and whole rock) was performed at three different independent laboratories: Chimitec Ltd., Bourlamaque Assay Laboratories Ltd. and Metriclab (1980) Inc. Cyanidation test work was also done at Lakefield Research. No standards or blanks were introduced into the assaying chain by Syngold Exploration, which carried out diligent re-sampling of the mineralization. Report GM-48538 (Sigeom) included the assay certificates but did not provide any information on the sample preparation and assaying procedure or the internal control results for the laboratories. The above values have been recalculated from the original assays, taking into consideration the re-assaying done by Syngold Exploration in 1988.

TomaGold considers these values as historical only, and is using them solely to plan the drilling program aimed at verifying the mineralization intersected by the earlier drill holes.

The technical content of this press release has been reviewed and approved by André Jean, P.Eng., the Corporation’s Director of Exploration and a qualified person under National Instrument 43-101.

About the Obalski property
The Obalski property, which covers 345 hectares, including a 33-hectare mineral concession, lies about 2 km south of Chibougamau, Quebec. Discovered in 1928, the Obalski deposit produced 100,273 tonnes at grades of 1.14% Cu, 2.08 g/t Au and 6.04 g/t Ag from the A zone between 1964 to 1972, and around 9,000 tonnes at a reported grade of 8.5 g/t Au from the D zone in 1984 (Source: SIGEOM and Camchib Exploration internal reports).