TomaGold Starts Phase 2 Drilling at Berrigan Mine
Analysis based on 10 articles · First reported Apr 01, 2026 · Last updated Apr 01, 2026
The initiation of a new drilling program by TomaGold Corporation on the Berrigan property, with promising initial results for zinc, gold, and silver, is likely to positively impact the stock prices of TomaGold Corporation and Globex Mining Enterprises. This event signals potential for increased mineral resources, which could lead to higher future revenues for the involved companies and potentially affect the supply of Zinc, Gold, and Silver.
TomaGold Corporation has commenced a Phase 2 drilling program at the Berrigan Mine project to extend five recent drill holes. The objective is to intersect a newly discovered zinc/gold/silver zone located beneath the previously identified Berrigan mineralized zone. This follows successful Phase 1 drilling, which yielded significant mineralized intersections, including 5.08% Zn Eq (1.19 g/t Au Eq) over 98.50 m in drill hole TOM-25-015. The Berrigan property is under option by TomaGold Corporation from Chibougamau Independent Mines Inc., with Globex Mining Enterprises retaining a 2% Gross Metal Royalty. The program aims to further delineate the extent and grade of the new deep zone, potentially enhancing the value of the property and the prospects for all involved entities.
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