TomaGold continues to show strong results at Obalski with 23.7 g/t Au and 24.5 g/t Ag over 0.5 metres - Seite 2

^{*The width shown is the core length. True width is estimated at 65-70% of core length.}

“These latest results appear to confirm the continuity of the A-Po North and South zones, warranting a 10,000-metre follow-up program to start in April,” said David Grondin, President and CEO of TomaGold. “The new program is aimed at defining the A-Po zone by drilling every 50 metres between sections 120 E and 450 E to a vertical depth of at least 500 metres, with some holes reaching a vertical depth of 650 metres. We believe that the results of this first program are a good indicator of the gold potential that lies below. The work is expected to take approximately four months to complete.”

In parallel with the drilling program, samples from certain mineralized zones will be further investigated and re-analysed by Corem using a leaching procedure. In 1987, given highly variable results from its drilling programs, Syngold Exploration, a previous owner, decided to re-run samples using a leaching procedure. Notably, leaching on samples from several intersections, including samples from hole OBS-87-03, returned an average grade of 2.1 g/t Au over 17.1 m, from 331.3 m to 348.4 m (compared to 0.18 g/t Au for the original assays), including a 6.7-m section, from 339.9 m to 346.6 m, that graded 3.43 g/t Au (compared to just 0.254 g/t for the original assay). Assaying (gold, multi-element 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. Syngold did not introduce standards or blanks into the assaying chain but carried out diligent re-sampling of the mineralization. The work report (GM-48538) 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 re-assaying done by Syngold in 1988.

Finally, a more detailed reinterpretation of the geology, structure and mineralization is also underway. Recent drilling has enabled the Corporation to confirm the presence of two significant gold-bearing structures: the A-Po zone, which is characterized by the presence of a corridor rich in semi-massive to locally massive sulphides, and the D vein, which is defined by a shear that intersects the A-Po zone and is injected by a gold-rich quartz vein locally.