TomaGold: New High-Grade Deep Discovery at Berrigan Mine

Why It Matters

A confirmed deep, high‑grade discovery at Berrigan could materially increase the project’s resource potential and attract financing or partner interest; the combination of a significant geophysical anomaly, near‑term drill catalyst, and a stable Quebec jurisdiction reduces execution and permitting risk for investors.

Summary

TomaGold (TSXV:LOT) told PDAC attendees it has identified a significant new high‑grade deep target at its Berrigan Mine in the Chibougamau district of Quebec after a borehole electromagnetic (BHEM) survey highlighted one of the largest anomalies in the area. Management said recent visual and geophysical results validated a missed deep trend and the company plans to start a short drill program of five holes around March 15 to test and delineate the target, alongside completing 3D modelling. Berrigan has been an active property for decades but the new deep anomaly has prompted TomaGold to re‑rate the project as its flagship within a larger contiguous land package, with follow‑up expansion drilling and geophysics planned. Executives also noted rising gold prices and Quebec’s supportive permitting environment are improving access to capital and operational execution.

Original Description

TomaGold (TSXV:LOT) President and CEO David Grondin shares details on a significant new discovery at the flagship Berrigan Mine in the Chibougamau mining district of Quebec.

After a borehole electromagnetic (EM) survey revealed one of the largest anomalies in the area, TomaGold is preparing to extend five key drill holes to test this high-grade deep target. With record gold and silver prices creating a favorable environment for junior explorers, Grondin discusses the company's strategic plans for Berrigan and its satellite assets, including the Radar and Brassmen projects.

#MiningStocks #PDAC2026

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