TomaGold Confirms the Continuity of the 325 Zone at Depth, Including 37.1 g/t Au Over 4.8 m
- New 4,000-metre drilling program planned on the 325 zone
MONTREAL, QUEBEC -- (Marketwired) -- 04/22/13 -- TomaGold Corporation (TSX VENTURE: LOT) ("TomaGold" or the "Corporation") and Quinto Real Capital Corporation (TSX VENTURE: QIT) ("Quinto") are pleased to announce the results of holes M-13-102 to M-13-107 of the 5,000-metre drilling program on the Monster Lake property, located 44 km southwest of Chibougamau, Quebec.
The drilling program is focused on the 325 zone, located between the Megane showing to the south and the Annie showing to the north. The NQ diameter holes were all drilled on an azimuth of 290 degrees, with dips of -50 degrees to -70 degrees. The results for the latest six holes, M-13-102 to M-13-107, are shown in the following table.
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Hole Section From To g/t Au Length Depth
(#) (m) (m) (m) (m)
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M-13-102 1250 E 370.00 372.55 7.30 2.55 330
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M-13-103 1300 E 364.65 376.60 1.75 11.95 330
incl. 364.65 366.00 1.94 1.35 328
incl. 369.00 370.50 8.20 1.50 330
incl. 375.00 376.60 2.76 1.60 332
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M-13-104 1365 E 272.60 282.70 0.51 10.10 280
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M-13-105 1365 E 355.90 367.20 8.65 11.30 325
incl. 355.90 357.00 17.4 1.10 320
incl. 360.90 361.85 13.5 0.95 325
incl. 365.20 367.20 24.0 2.00 328
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M-13-106 1225 E 256.20 261.00 37.1 4.80 235
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M-13-107 1225 E 266.85 269.60 4.53 2.75 245
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Summary for the 5,000-metre program
The results for this drilling program confirm that the 325 zone is over 150 metres long along strike and extends to a vertical depth of 330 metres, with the zone remaining open at depth.
The latest results clearly show that the 325 zone follows the classic pattern of Archean gold deposits, with a pinch and swell structure resulting from later tectonic stresses, and coarse free gold causing a significant nugget effect.
The results also indicate that the mineralization could dip -65 degrees north, which would explain why holes M-12-51, M-13-96, M-13-97 and M-13-104 returned low grades and/or small thicknesses, being located outside the 325 zone (see longitudinal section, below).
David Grondin, President and Chief Executive Officer of TomaGold, said that: "I am excited about Monster Lake, particularly since my recent site visit. Both my geology team and outside experts have clearly demonstrated that Monster Lake has the potential to become a world-class deposit. I am sure that our work will lead to a major discovery in the Chibougamau mining camp."
TomaGold and Quinto are currently planning to drill an additional 4,000 metres to outline the mineralized zone to a vertical depth of 375 to 425 metres, as well as the north-south extensions along strike. Work is expected to begin in late May 2013.
Best results for the 325 zone
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Hole From To g/t Au Length Depth
(#) (m) (m) (m) (m)
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Section 1100 E
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M-25-11 49.50 54.00 101.2 4.50 40
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Section 1150 E
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M-24-11 60.00 61.00 9.60 1.00 45
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993-95-50 84.60 85.75 5.04 1.15 60
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Section 1200 E
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M-10-18 80.00 83.00 6.70 3.00 63
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M-38-11 96.00 99.00 7.20 3.00 80
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M-43-11 131.00 132.00 11.1 1.00 102
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M-13-99 217.00 223.00 32.6 6.00 170
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M-13-101 281.50 285.00 48.9 3.50 275
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Section 1225 E
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M-13-106 256.20 261.00 37.1 4.80 235
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M-13-107 266.85 269.60 4.53 2.75 245
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Section 1250 E
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M-37-11 103.00 105.00 19.4 2.00 87
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M-44-11 125.00 127.00 8.40 2.00 97
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M-12-50 160.60 162.15 4.50 1.55 115
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M-13-94 226.50 231.80 11.5 5.30 187
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M-13-93 244.35 250.20 33.6 5.85 217
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M-13-95 288.40 295.60 42.0 7.20 278
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M-13-102 370.00 372.55 7.30 2.55 330
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Section 1300 E
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M-13-98 274.60 280.30 26.0 5.70 280
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M-13-103 364.55 376.60 1.75 11.95 330
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Section 1365 E
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M-13-105 355.90 367.20 8.65 11.30 325
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It should be noted that the sheared tuff unit hosting the gold-bearing quartz vein was intersected at a 40-50 degrees angle to the core axis, meaning that the width of the intersection is not necessarily the true width. Based on observations on surface in recent trenching and old holes drilled by SOQUEM and Stellar Pacific Ventures, the Company estimates the true width of the mineralized zone at 70 to 85% of the width intersected in the drill holes.
The technical content of this press release has been reviewed and approved by Maurice Giroux, a qualified person as defined by NI 43-101.
Sample Preparation and Analysis
The NQ-diameter core is sawed in half, with one half kept as a witness sample and the other half shipped to the James Bay Joint Action Mining Committee in Chibougamau to be ground and pulverized. After primary grinding, the sample is quarter split, and one half is kept as a witness (reject) while the other half is sent for pulverization.
The nominal weight of the pulverized pulp is 1,000 g unless the raw sample was less than 2 kg, in which case all of the pulp is sent to AGAT Laboratories in Mississauga, Ontario.
AGATLabs (Mississauga, ON) takes a 50-g sample for processing by fire assay with atomic absorption finish. When values are higher than 10 g/t Au, gravity analysis is also done.
About the Monster Lake Project
The Monster Lake property is located in northwestern Quebec, 44 kilometres southwest of the town of Chibougamau. It is easily accessible by road and near a major power line. Over 30,000 metres of diamond drilling has been done since 1984 along the four-kilometre mineralized corridor. During the winter of 2012, TomaGold drilled 16 additional holes for a total of 2,420 metres, and made a major discovery of 237.6 grams per tonne gold over 5.7 metres in Hole M-12-60. The mineralization is associated with dark quartz-sulphide veins within a shear zone 3-10 metres wide in basaltic units.
About Quinto Real Capital Corporation
Quinto Real Capital Corporation is a Canadian-based mining exploration company focused on the exploration, evaluation and development of gold mining properties with a view to commercial production. Quinto has an option to acquire up to a 70% interest in the Monster Lake gold property, located in the Chibougamau mining camp, in the province of Quebec.
About TomaGold Corporation
TomaGold Corporation is a Canadian-based mining exploration company whose primary mission is the acquisition, exploration and development of gold projects in Canada and abroad.
A longitudinal section map is available at the following address: http://media3.marketwire.com/docs/toma-fre.jpg
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Contacts:
TomaGold Corporation
David Grondin
President and Chief Executive Officer
(514) 206-7727
www.tomagoldcorp.com
Quinto Real Capital Corporation
Michael Curtis
President and Chief Executive Officer
(514) 303-7895