TomaGold Corporation

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  410 St-Nicolas, Suite 236
Montréal, QC
Canada H2Y 2P5
Tel No.: 514-583-3490
Fax No.: 514-907-9017
Web Site: www.tomagoldcorp.com
E-mail: david.grondin@tomagoldcorp.com
Contact Person: David Grondin
Position: President & CEO

Company Data

Traded Market: TSX-V
Traded Symbol: LOT
Outstanding Shares: 152.2 million
52 Week High: $ 0.11
52 Week Low: $ 0.055
Present Price: Click Here








TomaGold Corporation is a Canadian company engaged in the acquisition, assessment, exploration and development of gold mineral properties. TomaGold has interests in five gold properties near the Chibougamau mining camp in northern Quebec.

Investment Highlights

  • Diversified Gold Assets
    Chibougamau Mining Camp (Quebec)
    • Obalski, Monster Lake East, Monster Lake West, Hazeur and Lac Doda.
    • 3 projects adjacent to 433,500 oz Monster Lake deposit

    Red Lake Mining Camp (Ontario)
    • Joint venture with Evolution Mining Ltd. and New Gold Inc., through which TomaGold holds a 24.5% interest in the Baird property
  • Experienced Team & Supportive Stakeholders
    • Experienced Management, Board and Advisory committee
    • Solid technical team with three geologists/engineers
    • Major shareholders include IAMGOLD and Quebec funds
  • Well-Funded for Further Development
    • Over $8 million in cash and short-term investments
    • Funds to be mainly allocated to the development of its projects located near known mining camps, which hold significant exploration potential

Projects in Hand

Obalski Project, Quebec

  • TomaGold owns 100% of the Obalski past-producing gold-silver-copper property.
  • The Obalski property includes one mining concession and hosts seven separate mineralized zones, one 85-metre shaft and two ramps.
  • In 1964, United Obalski Mining Co. Ltd. mined 90,093 tons grading 3.0 g/t Au, 6.2 g/t Ag and 1.53% Cu.
  • 230 holes were drilled on the property for a total of more than 60,000 metres, most of which was shallow drilling.
  • Latest results from hole OB-17-02, drilled about 125 metres east of the old Zone A underground workings, intersected semi-massive sulphides grading: 15.0 g/t Au, 46.8 g/t Ag and 10.4% Cu over 2.0 metres, including 21.3 g/t Au, 52.3 g/t Ag and 8.6% Cu over one metre, at a vertical depth of 95 metres (March 16, 2017).
  • In December 2020, a 2,500-metre drilling program commenced to confirm historical drill results and better define Obalski’s PO zone.

Monster Lake Area Projects – Adjacent To Gold Deposits

Hazeur Project, Quebec

  • TomaGold has a 70% interest in the Hazeur property, and is the project operator.
  • Located on the southern border of the Monster Lake property, includes 61 mineral claims covering an area of 2,863 hectares.
  • Covers the Joe Mann-Guercheville corridor with numerous gold showings all along the deformation zone. The deformation corridor crosses the Winchester property (100% IAMGOLD) adjacent to the west, where grades of 0.24 g/t Au over 80.4 m (Source: SOQUEM hole 993-01-86) and 0.30 g/t Au over 70.0 m (Source: SOQUEM hole 993-01-88) were reported.
  • Covers a volcanic-sedimentary contact between the volcanics to the north and the Caopatina sediments to the south, which appears favourable for gold mineralization.
  • Drilling in 2016 identified western extension of the Philibert zone with Hole HA-16-03 returning a grade of over 1.5 g/t Au over 15.0 m.
  • On the six claims that are wholly-owned by TomaGold best drilling results returned values of 24.55 g/t Au over 0.50 m and 7.66 g/t Au over 1.25 m in 2014, and 8.46 g/t Au over 4.60 m in 1992.
  • Property assessment and work planned for 2021.

Monster Lake East Project, Quebec

  • TomaGold owns a 100% interest in the Monster Lake East property, which consists of 69 mineral claims covering an area of 4,269 hectares. The property is located directly to the east of the Monster Lake property and is divided into three sectors: Cookie Monster, Little Monster and Monster Island.
  • On July 16, 2018, TomaGold announced the results of an induced polarization (IP) survey on Monster Lake East. The survey was conducted to a depth of 300 metres, and targeted a large copper geochemical anomaly discovered by a government survey. The anomaly was traced over a distance of several kilometres striking approximately 330° northwest of Lac des Trois Iles. The report submitted by Abitibi Géophysique recommends drilling on 14 high-priority gold and copper targets at depths of 100 to 350 metres.
  • In addition, a detailed compilation was performed on the Monster Lake East property to correlate all the detailed aerial and ground geophysical survey data with the structural and stratigraphic interpretations.
  • Property assessment and work planned for 2021.

Baird Project, Ontario

  • TomaGold holds a 24.5% interest in the property, with New Gold holding a 24.5% interest and Evolution Mining (operator), owning the remaining 51% interest.
  • The Baird property lies in the central Red Lake gold belt six kilometres north of the Madsen Mine and fourteen kilometres southwest of the Red Lake Mine.
  • The property lies within the highly prospective Balmer assemblage of volcanic rocks and exhibits structural and alteration systems typical of the Red Lake and Campbell mines.
  • Drilling in the 1980's by United Reef on Baird returned assay values of 172 g/t gold over 1.2 metres and 19 g/t gold over 1.8 metres.
  • Property assessment and work planned for 2021.


Management and Directors

David Grondin, BBA, President and CEO, Director

Mr. Grondin has over 20 years of experience in the financial and mining industries. He was President and CEO of NQ Exploration Inc. He is a director of AM Resources.

Martin Nicoletti, CPA, CGA, Chief Financial Officer

Mr. Nicoletti is a certified general accountant with more than 32 years of experience. He presently acts as chief financial officer for a number of public companies.

André Jean, P.Eng., Director of Exploration (Quebec)

Mr. Jean has over 35 years of experience in geology, having worked for multiple mining companies in Quebec, Central and South America and Africa, including Les Mines Seleine, Louvem, Lac Minerals and Osisko.

Caitlin Jeffs, P.Geo., Director of Exploration (Ontario & Rest of Canada) and Director

Ms. Jeffs has worked for several junior and major companies since 2002 in both gold and base metal exploration. Most of her experience has been with Placer Dome CLA Inc. and Goldcorp Inc., managing all aspects of deep exploration projects and specializing in GIS technology and 3D modeling of ore bodies.

Michel E. Labrousse, Director

Jean-Sébastien Jacquetin, Director

Albert Contardi, Director

Wanda Cutler, Director

Advisory Board

Victore Cantore

Claude Larouche

George C. Patterson

Robert L. Phinney

News Update

On September 15, 2021, TomaGold Corporation announced that it has qualified to trade on the OTCQB® Venture Market. TomaGold upgraded to OTCQB® Venture Market from the Pink® market and began trading today on the OTCQB under the symbol TOGOF and will remain listed on the TSX Venture Exchange under the symbol LOT.

“Trading on the OTCQB will enhance our visibility and make the Corporation accessible to a much broader range of U.S. investors,” said David Grondin, President and CEO of TomaGold. “We also expect that it will increase liquidity by providing current and potential investors with a transparent and easily accessible trading platform, where they can find real-time quotes and market information.”

On July 06, 2021, TomaGold Corporation announced the start of its 10,000-metre drilling program on its wholly-owned Obalski property, located 3 km south of Chibougamau.

“This new drilling 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. To optimize our chances of success, we will also use the data collected from the recent Pulse-EM survey. We believe that the results of this first program are a good indicator of the gold and copper potential that lies below. The work is expected to take approximately four months to complete,” said David Grondin, President and CEO of TomaGold.

On June 08, 2021, TomaGold Corporation announced that it will conduct a four-hole Pulse-EM geophysical survey in preparation for a 10,000-metre drilling program on its wholly-owned Obalski property, located 3 km south of Chibougamau. The survey will be carried out by Géophysique TMC of Val-d’Or.

On March 25, 2021, TomaGold Corp. has released results for the last four holes of its 2,502-metre drilling program on its wholly owned Obalski property in Quebec.

  • Hole OBS-20-005: 3.55m of 3.43 g/t Au, 3.78 g/t Ag, including 0.5m of 23 g/t Au, 24.5 g/t Ag
  • Hole OBS-20-006: 1.90m of 0.24 g/t Au, 0.68 g/t Ag
  • Hole OBS-20-007: 2.50m of 4.81 g/t Au, 0.58 g/t Ag, including 0.5m of 23.6 g/t Au, 2.9 g/t Ag; 18.74m of 0.46 g/t Au, 0.32 g/t Ag

On March 10, 2021, TomaGold Corp. has released initial results of its 2,502-metre drilling program on its wholly owned Obalski property in Quebec.

Drilling began in December, 2020, and ended on Feb. 18, 2021. The program consisted of seven holes, six of which were drilled on two separate sections (450 E and 120 E), while the seventh hole was designed to test the rock type at the eastern property boundary.

Highlights include: Drill Hole OBS-20-002 returns 1.1m of 47.4g/t Au, 7.06% Cu

On January 22, 2021, TomaGold Corp. reported positive preliminary results from its 2,500-metre drilling program on its wholly-owned Obalski property.

The first three holes intersected the target zones, namely the A, C, D and A-Po zones. Hole OBS-20-003 intersected the A-Po Zone at a vertical depth of 400 metres.


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