Welcome to our dedicated page for Tomagold news (Ticker: TOGOF), a resource for investors and traders seeking the latest updates and insights on Tomagold stock.
Tomagold Corporation (TOGOF) maintains this comprehensive news hub for tracking developments in gold exploration and mining operations. Investors and industry observers will find timely updates including official press releases, project milestones, and strategic announcements.
This resource consolidates critical information about operational expansions, technical innovations, and market positioning within the precious metals sector. Key updates typically include quarterly financial results, resource estimate revisions, partnership agreements, and advancements in sustainable mining practices.
Regularly updated content covers three primary areas: operational developments in active mining projects, exploration progress at prospective sites, and strategic initiatives shaping corporate direction. The curated selection enables efficient tracking of technical achievements and regulatory milestones essential for informed analysis.
Bookmark this page for direct access to Tomagold's verified corporate communications. Combine these updates with broader market research for complete perspective on the company's position within the competitive precious metals landscape.
TomaGold Corporation (OTCPK: TOGOF) has launched a significant 53-hole exploration drilling program across its Chibougamau projects in Quebec, including Obalski, Berrigan Mine, Radar, David, and Dufault. The company also revealed promising results from its 3D geological model at the Obalski project.
The comprehensive 3D modeling identified two major shear systems: a SE-NW trending structure associated with copper-gold mineralization and a NE-SW trending shear hosting predominantly gold mineralization. The model revealed that copper enrichment concentrates along intrusive unit margins, with a mineralized zone trending north-northeast at a 32° east plunge.
The technical analysis has defined multiple high-priority exploration targets, particularly at structural intersections and intrusive-volcanic contacts, suggesting significant exploration potential for the project.
TomaGold (OTCPK: TOGOF) has completed the sale of its Hazeur, Monster Lake East, and Monster Lake West properties to Northern Superior Resources. The transaction includes an immediate $1,000,000 cash payment and a 2% net smelter returns (NSR) royalty on mineral production from the properties.
Northern Superior has the option to repurchase half of the NSR (1%) for $1,000,000. An additional $1,000,000 payment, either in cash or shares, may be triggered by certain events. The sale enables TomaGold to focus on exploration programs at its core properties in the Chibougamau Mining Camp, including Obalski, Berrigan, Radar, David, and Dufault.
TomaGold (TSXV: LOT) (OTCQB: TOGOF) has decided not to proceed with the acquisition of the East Block from Chibougamau Independent Mines Inc. (TSXV: CBG). Despite having financing proposals, the companies couldn't agree on commercially acceptable terms. TomaGold has received work commitment extensions to December 15, 2024 for the West Block project from SOQUEM Inc., Chibougamau, and Globex Mining Enterprises Inc. The company will hold its annual general and special meeting of shareholders on August 29, 2024. Additionally, board member Wanda Cutler has resigned effective June 12, 2024.
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