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TomaGold Discovers Gold-Bearing Structures at Obalski and Intersects 1.41 g/t Au over 28.50 m

Drill highlights include several large intersections including: Hole OBS-21-009: 1.41 g/t Au over 28.50 m, including 6.84 g/t Au over 1.50 m and 4.03…



  • Drill highlights include several large intersections including:
    • Hole OBS-21-009: 1.41 g/t Au over 28.50 m, including 6.84 g/t Au over 1.50 m and 4.03 g/t Au over 4.50 m
    • Hole OBS-21-010A: 0.33 g/t Au over 54.80 m, including 1.44 g/t Au over 3.50 m
    • Hole OBS-21-010: 0.32 g/t Au over 45.95 m
    • Hole OBS-21-012: 0.39 g/t Au over 27.50 m
    • Hole OBS-21-007: 0.43 g/t Au over 20.75 m
  • Awaiting the results for holes OBS-21-013 to OBS-21-015, which are being reanalyzed and will complete this first phase of drilling
  • Undertaken an extensive gyroscopic survey program on the historical holes to confirm the location of the gold-bearing structures at depth.
  • Phase 2 of drilling scheduled to begin in mid-November.

MONTREAL, Nov. 10, 2021 (GLOBE NEWSWIRE) — TOMAGOLD CORPORATION (TSXV: LOT) (OTCQB: TOGOF) (“TomaGold” or the “Corporation”) is pleased to report initial results from the first phase of its 11,500-metre drilling program that began on July 10, 2021 on its wholly-owned Obalski property in Chibougamau, Quebec. The first phase of drilling consists of 14 holes for 4,751 m and a 263 m wedge hole. The Corporation is awaiting results for the last three holes.

“During this first round of drilling we discovered much larger gold structures than were previously known. Furthermore, these structures appear to be widening at depth. As is the case with many deposits in the Chibougamau mining camp, Obalski appears to have excellent potential at depth, as very few holes over 300 m long have been drilled on this property. Our next round of drilling, combined with the gyroscopic survey results, will allow us to better understand the mineral potential of Obalski at depth,” said David Grondin, President and CEO of TomaGold.

This phase of work took place on sections 120+00 E, 150+00 E, 200+00 E and 250+00 E and follows the 2,502-metre winter 2020–2021 program, which intersected several high-grade gold and copper values, including 47.4 g/t Au, 87.6 g/t Ag and 7.06% Cu over 1.1 metres and 67.1 g/t Au, 40.1 g/t Ag and 2.32% Cu over 0.5 metres in hole OBS-20-002; 12.45 g/t Au, 17.7 g/t Ag and 0.53% Cu over 0.65 metres in hole OBS-20-001; and 23.7 g/t Au and 24.5 g/t Ag over 0.5 metres in hole OBS-21-005 (see press releases dated March 10, 2021 and March 25, 2021).

Holes OBS-21-006 and OBS-21-007 on section 120+00 E were extended to test for mineralized zones. No mineralized zone was encountered in hole OBS-21-006A while hole OBS-21-007 intersected a mineralized zone that graded 0.43 g/t Au over 20.75 m, including 4.80 g/t Au over 2.50 m.

Holes OBS-21-008, OBS-21-009 and OBS-21-010 were drilled on section 150+00 E and all intercepted the A-Po Zone, with OBS-21-008 grading 0.85 g/t Au over 12.55 m, OBS-21-009 grading 1.41 g/t Au over 28.50 m and OBS-21-010A grading 0.33 g/t Au over 54.80 m. Major technical problems were encountered in hole OBS-21-010, which forced drilling to stop at 490 m. A wedge was inserted at 387 m to continue drilling to a final depth of 650 m.

Holes OBS-21-011, OBS-21-012 and OBS-21-013 were drilled on section 200+00 E. Hole OBS-21-011 intersected the A-Po zone over more than 20 m but assays returned low gold values, with the best value grading 1.6 g/t Au over 0.50 m. Hole OBS-21-012 intersected the A-Po Zone with 0.39 g/t Au over 27.50 m. Hole OBS-21-013 also intersected the A-Po Zone over 11.10 m and assays are currently being processed at the laboratory.

Holes OBS-21-014 and OBS-21-015 were drilled on section 250+00 E. Hole OBS-21-014 intersected the A-Po zone over 9.60 m and hole OBS-21-015 intersected the same zone over a length of just under 5 m. Assays are currently being processed at the laboratory.

The following table presents the best results obtained for gold, silver and copper for this first phase of drilling:

Hole Section Core length
OBS-21-005 120+00 E 4.05 3.01 3.35 200
OBS-21-006 120+00 E 1.90 0.24 0.68 250
OBS-21-007 120+00 E 20.75 0.43 0.29 385
OBS-21-008 150+00 E 12.55 0.85 1.40 0.11 185
Including   2.10 3.40 4.73 0.65  
OBS-21-009 150+00 E 28.50 1.41 0.81 200
Including   1.50 6.84 1.50  
Including   4.50 4.03 2.87  
OBS-21-010 150+00 E 45.95 0.32 0.35 425
OBS-21-010A 150+00 E 54.80 0.33 0.20 425
Including   3.50 1.44 0.80  
OBS-21-011 200+00 E 0.50 1.60 2.60 210
OBS-21-012 200+00 E 27.50 0.39 0.83 300
OBS-21-013 200+00 E Pending analysis results
OBS-21-014 250+00 E Pending analysis results
OBS-21-015 250+00 E Pending analysis results

* The width shown is the core length. True width is estimated at 65-70% of core length.

Figure 1: Obalski drilling program surface plan
Figure 2: Obalski property section 120+00 E
Figure 3: Obalski property section 150+00 E
Figure 4: Obalski property section 200+00 E
Figure 5: Obalski property section 250+00 E

Sample preparation and analysis
TomaGold has implemented and is adhering to a strict Quality Assurance/Quality Control program for the present drilling program. The core is sawed in half, with one half kept as a witness sample in Chibougamau and the other half shipped directly by bus to ALS Chemex in Val-d’Or, Quebec. The half core is then ground to 1/8″ and split into two halves by ALS. One half is kept as a witness (reject) by ALS in Val-d’Or. ALS pulverizes the other half to minus 150 mesh and takes a 50 g sample for analysis. The rest is kept at ALS and identified as “pulp”.

The technical content of this press release has been reviewed and approved by André Jean, P.Eng., the Corporation’s Director of Exploration and a qualified person under National Instrument 43-101.

About the Obalski property
The Obalski property, which covers 345 hectares, lies about 2 km south of Chibougamau, Quebec. Discovered in 1928, the Obalski deposit produced 100,273 tonnes at grades of 1.14% Cu, 2.08 g/t Au and 6.04 g/t Ag from the A zone between 1964 to 1972, and around 9,000 tonnes at a reported grade of 8.5 g/t Au from the D zone in 1984 (Source: SIGEOM and Camchib Exploration internal reports).

About TomaGold
TomaGold Corporation (TSXV: LOT) is a Canadian mineral exploration corporation engaged in the acquisition, assessment, exploration and development of gold mineral properties. TomaGold has interests in five gold properties near the Chibougamau mining camp in northern Quebec: Obalski, Monster Lake East, Monster Lake West, Hazeur and Lac Doda. It also participates in a joint venture with Evolution Mining Ltd. and New Gold Inc., through which it holds a 24.5% interest in the Baird property, near the Red Lake mining camp in Ontario.

David Grondin
President and Chief Executive Officer
(514) 583-3490

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Some of the statements contained in this press release are forward-looking statements within the meaning of applicable securities laws. Forward-looking statements can be identified by the use of words such as “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “might” or “will” be taken, occur or be achieved. Forward-looking statements are not historical facts and are subject to a number of risks and uncertainties beyond the Corporation’s control. Readers are cautioned that such statements are not guarantees of future performance and that actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this press release. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation undertakes no obligation to publicly update or revise any forward-looking statements, except as required by law.

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Skyharbour Announces Passing of Director and Co-Founder Richard Kusmirski

Vancouver, BC , Dec. 06, 2021 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH)   (OTCQB: SYHBF) (Frankfurt: SC1P) (the “Company”) announces…

Vancouver, BC , Dec. 06, 2021 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH)   (OTCQB: SYHBF) (Frankfurt: SC1P) (the “Company”) announces with deep sorrow that Co-Founder and Director, Richard (“Rick”) Kusmirski, P.Geo., M.Sc., recently passed away, at the age of 68 after a lengthy illness.

Skyharbour wishes to extend our sincere condolences to Rick’s family, friends, and business associates. Rick was an accomplished exploration geologist with more than four decades of experience throughout the world but primarily focused in North America, specifically the Athabasca Basin. He has been an active member of the Saskatchewan mineral exploration and mining community for many years and will be dearly missed. Rick was one of the founding supporters and head technical advisor for Skyharbour and has guided the development of the company to where it is today. He has assembled an energetic and accomplished geological team with expertise focused in Athabasca Basin uranium exploration and this team will continue to advance the Company’s project base as well as work with our partner companies who are operating some of our other uranium projects in the Basin.

Rick actively participated in the discovery of a number of uranium, gold and base metal deposits, and for several years, in his capacity as Exploration Manager, he directed Cameco Corporation‘s uranium exploration projects in the Athabasca Basin. In 1999, Rick joined JNR Resources becoming Vice President of Exploration in 2000. Subsequently, he directed the exploration program that led to the discovery of the Maverick Zone on the Moore Lake uranium project with then-partner Kennecott Canada. Rick later became JNR’s President and CEO in January of 2001, and continued leading the company until February of 2013, JNR was acquired by Denison Mines Corp. by way of a friendly all-share take-over bid. Rick also served as the industry Chair and Director of the Exploration Section of the Saskatchewan Mining Association for many years and was a director of Rockridge Resources Ltd., Bessor Minerals Inc. and several other publicly traded companies.

Jordan Trimble, President and CEO of Skyharbour, stated: “On behalf of our Board of Directors, management team and employees, we extend our deepest sympathies to Rick’s family and friends. We are all incredibly saddened by this sudden loss and Rick will be sorely missed. He was very well respected in the mining community and was integral in building Skyharbour’s asset base and geological team. I have known and worked with Rick for almost nine years, and I consider him a dear friend, colleague and mentor. Rick was a passionate, hard-working and very knowledgeable exploration geologist that was laser-focused on creating shareholder value. We have made great progress growing Skyharbour over the years and the team and I will continue to do so as we honour him and his unrelenting commitment to exploration success.”

David Billard, Consulting Geologist for Skyharbour, stated: “Rick has been a good friend, mentor and colleague for over 35 years, and I’ve had the pleasure of working directly with him for much of that time. He was always a source of good advice and it has been a successful collaboration throughout that time. From our early discovery of the Jasper gold deposit, which we saw through to production, to the discovery of the Maverick Zone with JNR and the later advancement of Skyharbour into a significant Athabasca Basin explorer, it has been a long and fruitful relationship. Throughout those years I have not been the only beneficiary of his wisdom and knowledge; Rick touched many people’s lives and will be missed sorely by all.”

About Skyharbour Resources Ltd.:

Skyharbour holds an extensive portfolio of uranium exploration projects in Canada’s Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with eight drill-ready projects covering over 250,000 hectares of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project which is located 15 kilometres east of Denison’s Wheeler River project and 39 kilometres south of Cameco’s McArthur River uranium mine. Moore is an advanced stage uranium exploration property with high-grade uranium mineralization at the Maverick Zone that returned drill results of up to 6.0% U3O8 over 5.9 metres including 20.8% U3Oover 1.5 metres at a vertical depth of 265 metres. The Company is actively advancing the project through drill programs.

Skyharbour has a joint-venture with industry-leader Orano Canada Inc. at the Preston Project whereby Orano has earned a 51% interest in the project through exploration expenditures and cash payments. Skyharbour now owns a 24.5% interest in the Project. Skyharbour also has a joint-venture with Azincourt Energy at the East Preston Project whereby Azincourt has earned a 70% interest in the project through exploration expenditures, cash payments and share issuance. Skyharbour now owns a 15% interest in the Project. Preston and East Preston are large, geologically prospective properties proximal to Fission Uranium‘s Triple R deposit as well as NexGen Energy‘s Arrow deposit. Furthermore, the Company owns a 100% interest in the South Falcon Uranium Project on the eastern perimeter of the Basin, which contains a NI 43-101 inferred resource totalling 7.0 million pounds of U3Oat 0.03% and 5.3 million pounds of ThO2 at 0.023%.

Skyharbour also has several active option partners including: ASX-listed Valor Resources on the Hook Lake Uranium Project whereby Valor can earn in 80% of the project through CAD $3,500,000 in exploration expenditures, $475,000 in cash payments over three years and an initial share issuance; CSE-listed Basin Uranium Corp. on the Mann Lake Uranium Project whereby Basin Uranium can earn-in 75% of the project through $4,000,000 in exploration expenditures, $850,000 in cash payments as well as share issuances over three years; and CSE-listed Medaro Mining Corp. on the Yurchison Project whereby Medaro can earn-in an initial 70% of the project through $5,000,000 in exploration expenditures, $800,000 in cash payments as well as share issuances over three years followed by the option to acquire the remaining 30% of the project through a payment of $7,500,000 in cash and $7,500,000 worth of shares.

Skyharbour’s Uranium Project Map in the Athabasca Basin:

To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at


“Jordan Trimble”
Jordan Trimble
President and CEO

For further information contact myself or:
Riley Trimble
Corporate Development and Communications
Skyharbour Resources Ltd.
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: [email protected]


This release includes certain statements that may be deemed to be “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at for further information.

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Canada Silver Cobalt Announces Upsized $3 Million Marketed Private Placement of Flow-Through Shares


Coquitlam, BC – TheNewswire – December 6, 2021 – Canada Silver Cobalt Works Inc. (TSXV:CCW) (OTC:CCWOF) (Frankfurt: 4T9B) (the "Company" or "Canada…

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Coquitlam, BC – TheNewswire – December 6, 2021 – Canada Silver Cobalt Works Inc. (TSXV:CCW) (OTC:CCWOF) (Frankfurt: 4T9B) (the “Company” or “Canada Silver Cobalt“) announces that, due to strong investor demand, it has agreed with Research Capital Corporation, as sole bookrunner, and together with Canaccord Genuity Corp. as co-lead agents (together, the “Agents”), to increase the size of the previously announced best efforts private placement offering for gross proceeds from up to $2,000,000 to up to $3,000,000 (the “Offering”). For more details on the Offering, refer to the Company’s previous press release dated December 3, 2021, as filed on SEDAR at


The Agents will have an option (the “Agents’ Option”) to offer for sale up to an additional 15% of the number of federal flow through common shares and/or Québec flow-through common shares sold in the Offering at the Offering Price, which Agents’ Option is exercisable, in whole or in part, at any time up to 48 hours prior to the closing of the Offering.


The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws.


About Canada Silver Cobalt Works Inc.


Canada Silver Cobalt Works Inc. recently discovered a major high-grade silver vein system at Castle East located 1.5 km from its 100%-owned, past-producing Castle Mine near Gowganda in the prolific and world-class silver-cobalt mining district of Northern Ontario. This discovery has the highest silver resource grade in the world, with recent drill intercepts of up to 89,853 grams/tonne silver (2,621 oz/ton Ag). A drill program is underway to expand the size of the deposit with an update to the resource estimate scheduled for Q1 2022.


In May 2020, based on a small initial drill program, the Company published the region’s first 43-101 resource estimate that contained a total of 7.56 million ounces of silver in Inferred resources, comprising very high-grade silver (8,582 grams per tonne un-cut or 250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Castle East Robinson Zone, beginning at a vertical depth of approximately 400 meters. Note that mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to Canada Silver Cobalt Works Press Release May 28, 2020, for the resource estimate. Report reference: Rachidi, M. 2020, NI 43-101 Technical Report Mineral Resource Estimate for Castle East, Robinson Zone, Ontario, Canada, with an effective date of May 28, 2020, and a signature date of July 13, 2020.


Canada Silver Cobalt’s flagship silver-cobalt Castle mine and 78 sq. km Castle Property feature strong exploration upside for silver, cobalt, nickel, gold, and copper. With underground access at the fully owned Castle Mine, an exceptional high-grade silver discovery at Castle East, a pilot plant to produce cobalt-rich gravity concentrates on site, a processing facility (TTL Laboratories) in the town of Cobalt, and a proprietary hydrometallurgical process known as Re-2Ox (for the creation of technical-grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations), Canada Silver Cobalt is strategically positioned to become a Canadian leader in the silver-cobalt space. More information at


“Frank J. Basa”

Frank J. Basa, P. Eng.

Chief Executive Officer


For further information, contact:

Frank J. Basa, P.Eng.

Chief Executive Officer



Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Caution Regarding Forward-Looking Statements


This news release may contain forward-looking statements which include, but are not limited to, comments regarding the Offering and comments that involve other future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address the Offering, resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, future financings, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. No assurance can be given that the Offering will close on the terms and conditions set out in this news release or at all. General business conditions are factors that could cause actual results to vary materially from forward-looking statements. A detailed discussion of the risk factors encountered by Canada Silver Cobalt is available in the Company’s Annual Information Form dated July 19, 2021 for the fiscal year ended December 31, 2020 available under the Company’s profile on SEDAR at


Copyright (c) 2021 TheNewswire – All rights reserved.

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Damara Announces Flow-Thru Financing for $150,000

TheNewswire – December 6, 2021 – DAMARA GOLD CORP. (TSXV:DMR) (“Damara” or the “Company”), announces it will complete a non-brokered private placement…

Damara Gold Corp

TheNewswire – December 6, 2021 – DAMARA GOLD CORP. (TSXV:DMR) (“Damara” or the “Company”), announces it will complete a non-brokered private placement (the “Offering”) for gross proceeds of $150,000.

The Offering will consist of 1,666,667 common shares  of the Company issued on a flow-through basis (the “FT Shares”) at a price of $0.09 per FT Share for gross proceeds of $150,000 (the “FT Proceeds”)

The Offering remains subject to the approval of the TSX Venture Exchange. The FT Proceeds will be used by the Company to incur eligible Canadian exploration expenses that will qualify as flow-through mining expenditures to advance the Company’s Placer Mountain Gold Project in British Columbia. All qualifying expenditures will be renounced in favour of the subscribers of the FT Shares effective December 31, 2021.  


All securities issued pursuant to the Offering are subject to a statutory four month and one day hold period from date of issuance.

None of the securities sold in connection with the Offering will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.


About Damara

Damara Gold Corp. is a TSX Venture listed mineral exploration company actively focused on the exploration of the Placer Mountain Gold Property, located in Princeton, BC, held by 75%/25% JV with Universal Copper Ltd. Damara’s Board of Directors is seasoned in the mineral exploration industry with extensive and successful international experience.




“Larry Nagy”


Larry Nagy, Chief Executive Officer


For additional information visit Damara’s website at or contact:


Damara Gold Corp.

Larry Nagy

Chief Executive Officer

Ph: (250-241-5692)


Disclaimer for Forward-Looking Information

This news release contains statements that constitute “forward-looking Information”, as such term is used in applicable Canadian securities laws.  Such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information includes statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.


Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by its nature forward-looking information involves assumptions and known and unknown risks, uncertainties and other factors which may cause our actual results, level of activity, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.


Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; the Covid-19 pandemic; adverse industry events; the receipt of required regulatory approvals and the timing of such approvals; that the Company maintains good relationships with the communities in which it operates or proposes to operate, future legislative and regulatory developments in the mining sector; the Companys ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in Canada and generally; the ability of the Company to implement its business strategies; competition; the risk that any of the assumptions prove not to be valid or reliable, which could result in delays, or cessation in planned work, risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results will not be consistent with the Company’s expectations, as well as other assumptions risks and uncertainties applicable to mineral exploration and development activities and to the Company, including as set forth in the Company’s public disclosure documents filed on the SEDAR website at




Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release




Copyright (c) 2021 TheNewswire – All rights reserved.

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