TomaGold : A Stock Worth 'Weighting' For…
22 January 2021 - 12:00AM
InvestorsHub NewsWire
TomaGold : A Stock Worth ‘Weighting’ For…
TomaGold Corporation (TSXV: LOT / OTC: TOGOF) is a mineral exploration company that
has recently caught my eye. The company is situated quite
nicely with some prime real estate. With a head office based in
Montreal, it holds interest in five gold properties in Northern
Quebec near the Chibougamau mining camp. In addition, the
company also has a joint venture agreement with Evolution Mining
Ltd. and New Gold, Inc, through which it holds a 24.5% interest in
the Baird properties, located near the Red Lake mining camp in
Ontario.(1)
Chibougamau has a history of gold and copper discoveries as far
back as the early 1900’s. From 1953 to 2008, active mining
produced 1.6 billion pounds of copper and 3.2 million ounces of
gold along with significant finds of zinc and silver. More
recently, exploration activities have revealed the potential for
the discovery of ‘lode gold’ deposits in addition to the
copper-gold vein deposits that have been historically mined.(2)
TomaGold (TSXV:LOT)
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