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)