2013-01-15 14:04:18 -
MONTREAL, QUEBEC -- (Marketwire) -- 01/15/13 -- TomaGold Corporation (TSX VENTURE:LOT) ("TomaGold" or the "Company") is pleased to announce the start of exploration work on its Urban property, located 100 kilometres east of Lebel-sur-Quevillon. Work will consist of a 34-km MaxMin survey followed by about 2,000 metres of diamond drilling.
David Grondin, President and CEO of TomaGold, stated that: "The Urban property has excellent gold-bearing potential. It is close to several known occurrences such as the Lac Rouleau showing and the Barry (Metanor) and Windfall (Eagle Hill) deposits, which are all within a 10-km radius. This work program will enable us to better define the Urban property's gold-bearing potential, and we are also preparing our next drilling program for the Monster Lake property with our partner Quinto Real Capital Corporation."
The Urban property comprises 58 mining claims and covers an area of 928 hectares. In 2007, geophysical work enabled Stellar Pacific Ventures to discover five strong magnetic anomalies on the property. Four of them, located in the northeast corner of the property, are similar to the magnetic signature of the Windfall showing and could represent a possible east-northeastern trend. The strong magnetic response suggests the presence of gabbroic intrusives that are clearly associated with the Windfall gold-bearing mineralization, as demonstrated by Eagle Hill's work.
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.
The technical content of this press release has been reviewed and approved by Maurice Giroux, a qualified person as defined by NI 43-101.
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.
President and CEO of TomaGold