Continuity The 325 Zone At Depth, Including 37.1 g/t Au Over 4.8m

 

MONTREAL - TomaGold Corporation and Quinto Real Capital Corporation reported 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 MÄgane showing to the south and the Annie showing to the north. The NQ diameter holes were all drilled on an azimuth of 290í, with dips of -50í to -70í.

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 -65í 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.

David Grondin, President and Chief Executive Officer said, "Both my geology team and outside experts have clearly demonstrated that Monster Lake has the potential to become a world-class deposit. 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 this month.

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.