Obelisk Property Drilling Program Reports Intersections

MONTREAL - Tomagold Corporation, President and CEO, David Grondin, said, “Hole OBS-21-015A continues to demonstrate that the Obalski property has excellent exploration potential at depth in terms of grade and width, and the results of the IP survey also seem to indicate exploration potential to the west of the deposit. Acquiring the claims to the west was therefore a logical choice for us. The prospects for work on Obalski look very promising for TomaGold.”

Drilling continues on the property, with three holes totaling approximately 2,000 m currently being drilled on section 300+00 E and an additional 500 m planned on section 175+00 E. In December 2021, Abitibi Geophysics of Val-d’Or conducted an induced polarization (IP) survey on behalf of the Corporation over approximately 6 line-km. A preliminary report indicated the presence of large geophysical anomalies to the west and southwest of the Obalski deposit. The Corporation has forwarded its full drilling database for more than 525 holes to Abitibi Geophysics to enable them to correlate the geophysical data with the drilling data. The report also shows that geophysical coverage is insufficient, with a strong anomaly located on the southwestern edge of the grid. Some 9 line-km of  additional linecutting will begin in the next few days, to be followed by IP surveying.