TomaGold Intersects 17.4% Cu over 0.4 m in a New North-South Zone on Its Obalski Property

MONTREAL, Quebec — TomaGold Corporation (TSXV: LOT) (OTCQB: TOGOF) ("TomaGold" or the "Corporation") is pleased to announce the discovery of a new North-South zone on its wholly-owned Obalski property, located approximately 2 km south of Chibougamau, Quebec. The Corporation intersected 17.4% copper (Cu) over 0.4 meters (m) in the new zone, which is open at depth and along strike. This discovery has the potential to significantly enhance the overall resource potential of the Obalski property.

The Obalski property, which covers 345 hectares, including a 33-hectare mineral concession, has seen extensive exploration and drilling activities over the years. The property is known for its gold and copper mineralization, with historic production from the A zone between 1964 to 1972 and the D zone in 1984. TomaGold has been actively exploring the property since acquiring it, with a focus on expanding the known mineralized zones and discovering new ones.

The new North-South zone was discovered during the Corporation's ongoing drilling program, which aims to better define the A-Po Zone and test new targets identified by geophysics. The drilling program consists of 1,500 meters (m) of drilling on sections 120+00 E and 250+00 E, with holes oriented at -60° to -70° dip angles. The Corporation is awaiting results for holes OBS-22-013 to OBS-22-015, which are being reanalyzed and will complete this first phase of drilling.

The following table presents the best results obtained for copper, gold, and silver for this first phase of drilling:

Hole From (m) To (m) Length (m)* Cu (%) Au (g/t) Ag (g/t)
OBS-22-013 122.85 122.35 0.50 17.40 0.21 0.68
OBS-22-014 264.0 264.5 0.50 0.81 0.81 0.20
OBS-22-015 387.3 391.5 4.20 0.25 0.29 0.43

* The width shown is the core length. True width is estimated at 65-70% of core length.

The Corporation is pleased with the results obtained so far, as the first three holes intersected the target zones, namely the A, C, D, and A-Po zones. The A-Po Zone is particularly well represented in all three holes with passages of massive sulphides composed of pyrrhotite, pyrite, and chalcopyrite, which are generally contained in quartz-carbonate-chlorite veins. These passages are approximately 30 to 60 cm discontinuous over intervals of up to nearly 15 m along the core, all within a very fine-grained gabbro.

The Corporation will continue its drilling program on Obalski, with the second part of the three-hole program starting this week on section 120 E. The targets are essentially the same as those on section 450 E at similar vertical depths. In addition, the Corporation plans to conduct some drilling on Monster Lake East once the work on Obalski is completed. A forest intervention permit was filed this week with the MERN for work to be carried out before mid-April. The Corporation also plans to conduct a low-level Mag survey on Monster Lake West. The survey will be flown with lines spaced at 50-metre intervals at an average altitude of 20 metres above ground level for a total of 235 km.

The Corporation invites investors to view the interview and the following articles on TomaGold:

Video interview:
Junior Gold Report:
SuperCharged Stocks:
Insert image of TomaGold's Obalski property
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In conclusion, TomaGold's discovery of a new North-South zone on its Obalski property, with high-grade copper intersections, has the potential to significantly enhance the overall resource potential of the property. The Corporation's ongoing drilling program and exploration activities demonstrate its commitment to unlocking the full potential of its assets. Investors are encouraged to stay tuned for further updates on TomaGold's progress.