TomaGold (TSXV: LOT) Strikes High-Grade Copper at Obalski, Strengthens Exploration Outlook

Key Highlights

• TomaGold intersects 17.4% Cu over 0.4m, reinforcing Obalski’s copper-rich potential.
• Multiple high-grade gold, silver, and copper zones confirmed in 2023 drilling results.
• Further exploration planned with geophysical surveys and targeted drilling in 2025.

TomaGold Corporation (TSXV: LOT) has once again proven why its Obalski property in Quebec’s prolific Chibougamau mining camp remains a stronghold for copper and gold exploration. The company’s latest drill results from its 2023 program have delivered impressive copper intersections, including 17.4% Cu over 0.4 metres, highlighting the presence of a newly identified north-south mineralized structure.

The drilling program, spanning 1,540 metres across six drill holes, was completed despite interruptions caused by forest fires in the region. The results validate TomaGold’s hypothesis that polymetallic mineralization extends beyond previously known zones, setting the stage for further drilling and geophysical surveys in 2025.

Drill Results Confirm Strong Copper and Gold Mineralization

The standout interval of 17.4% Cu over 0.4 metres was reported in hole OBS-23-032, which also intersected 303.0 g/t Ag and 0.09 g/t Au, reinforcing the property’s high-grade copper-silver potential. Other significant intersections include:

• OBS-23-031: 1.09% Cu, 11.8 g/t Ag over 1.80m
• OBS-23-032: 2.84% Cu, 47.5 g/t Ag over 2.30m, including the 17.4% Cu hit
• OBS-23-034: 5.27 g/t Au, 23.7 g/t Ag over 0.75m
• OBS-23-035: 2.42% Cu, 36.05 g/t Ag over 1.55m

These results suggest that Obalski’s mineralization extends along a previously untested north-south corridor (020 degrees), dipping between -50° and -60° east. This opens new exploration opportunities for high-grade copper and gold zones that could significantly enhance the project’s potential.

What’s Next for Obalski?

With these results confirming consistent polymetallic mineralization, TomaGold is preparing for the next phase of exploration. The company plans to:

✅ Conduct geophysical surveys to map out new drill targets.
✅ Expand drilling to define the full extent of the newly discovered copper-gold zones.
✅ Focus on areas with high-grade copper intersections to evaluate economic potential.

CEO David Grondin remains optimistic, stating:

“The results at Obalski continue to demonstrate the strong exploration potential of this former gold and copper producer located in one of Quebec’s premier mining camps. Our goal for 2025 is to further define this mineralization and unlock Obalski’s full potential.”

TomaGold’s stock (TSXV: LOT) is closely watched by investors seeking exposure to high-grade copper and gold exploration in Quebec. The latest drill results could provide stronger market momentum, particularly with growing interest in critical minerals like copper, which is essential for renewable energy and electrification.

With gold prices hovering near record highs and copper demand surging, Obalski’s resource expansion could position TomaGold as a key player in the Chibougamau mining district.

TomaGold’s 2023 drilling program has delivered high-impact results, confirming high-grade copper-silver-gold mineralization in a newly identified north-south trend at Obalski. With plans for further targeted exploration in 2025, the company is moving aggressively to define this mineralized corridor and unlock additional value for shareholders.

The next steps—geophysical surveys and deeper drilling—will be crucial in determining whether Obalski can support a larger, more defined mineral resource. Investors and industry watchers will be eagerly awaiting further updates as TomaGold continues to prove up its exploration model in one of Canada’s most prospective mining camps.