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UPDATE: TomaGold Reports Metallurgical Scoping Study Results from Monster Lake Project; Stocks Up 5%

TomaGold Corporation (LOT.V) reported the results of a metallurgical scoping study on a composite sample collected from drill core from Zone 325 at the Monster Lake project, located southwest of the Chapais-Chibougamau mining districts.

The company said average gold head grade obtained after all tests was 4.8 g/t Au. The sample provided contained quartz as the major mineral, followed by plagioclase and iron sulphides. Analysis showed a possible association of gold with iron sulphides.

LOT went up by 5% to $0.105, moving further away from year low 7 cents. Volume traded so far is over 2,000.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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