Resource World Magazine

www.resourceworld.com 47 A P R I L / M A Y 2 0 1 4 MINING David Grondin, President and CEO of TomaGold Corp. [LOT-TSXV] reported that optionee IAMGold Corp. [IMG- TSX; IAG-NYSE] has begun a diamond drilling program on its high-grade, 3,336-hectare, Monster Lake property 50 km southwest of Chibougamau, northern Quebec. IAMGold, the operator, can earn a 50% interest in TomaGold's Monster Lake, Winchester and Lac à L'eau Jaune properties by spending $16 million on exploration and making $1.575 million in cash payments over five years. When IAMGold earns its interest, TomaGold will hold 45% and Quinto Real Capital Corp. [QIT-TSXV] 5% interest. TomaGold has the dominant land posi- tion with seven properties in the Mon- ster Lake area near the Chibougamau gold camp. To date, over 40,000 metres of drilling has been completed at Mon- ster Lake where five major gold zones (52, Megane, 325, Annie and Eratix) have been discovered along a 4.5-km gold mineralized corridor. Over 20 drill holes returned grades over 10.0 g/t gold. Hole M-12-60 returned 236.6 g/t gold over 5.7 metres in the Annie Zone, which remains open along strike and to depth. There are 12 other gold showings with economic grades. This initial program of at least 6,000 me- tres of drilling mainly targets the 325 and Megane zones, but will also test other drill targets identified by the high-resolution airborne magnetic survey conducted in early February. The 325 Zone returned ex- cellent results from drilling by TomaGold in 2010, 2011 and particularly winter 2013. Some of these intercepts returned 101.2 g/t gold over 4.50 metres, 33.6 g/t gold over 5.85 metres, 42.0 g/t gold over 7.20 metres and 26.0 g/t gold over 5.70 metres. While the near-surface drill results have demonstrated the presence of several vein systems, there are indications that there may be a gold-rich volcanic mas- sive sulphide system at depth. The deeper IAMGold holes will investigate this pos- sibility. Metallurgical studies have been carried out on the Monster Lake drill core where a 45-kilogram composite sample from the 325 Zone showed an average head grade of 4.8 g/t gold with gold recoveries up to 96.3%. With IAMGold focusing on the Mon- ster Lake property, TomaGold will be exploring the adjoining Little Monster, Cookie Monster and Fancamp properties which are located on a parallel gold trend – the Fancamp deformation trend. Histori- cal drill results from Fancamp (70% op- tioned) returned 9.3 g/t gold over 8.2 me- tres and 8.22 g/t gold over 6.1 metres. This area is road-accessible and has electricity, water and a nearby airport. TomaGold's other prospects include the 3,670-hectare Lac Cavan, northwest of Monster Lake; the 928-hectare Urban Lake property near Eagle Hill's Windfall Project close to Lebel-sur-Quévillon and the 280-hectare Vassan property near Wesdome's Kiena Gold Mine, Val d'Or. TomaGold has 68,163,908 shares out- standing with about $500,000 in its trea- sury. n IAMGold drilling TomaGold's Monster Lake property by Staff Writer "There are indications that there may be a gold-rich volcanic massive sulphide system at depth." The Sully Project *The Company cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the Sully Property. Teck Resources Ltd is the owner of the Sullivan Mine at Kimberley, BC. santafemetals.com BC's most storied metal mine had nearly a century of base & precious metals production valued at $40 Billion in today's metal prices. SFM's hunt for the next Sullivan continues…* Read more at:

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