tiprankstipranks
Advertisement
Advertisement

Chibougamau Partner TomaGold Extends Drilling at Berrigan Zinc-Gold-Silver Discovery

Story Highlights
  • Chibougamau’s partner TomaGold has resumed drilling at Berrigan, extending holes to test a new zinc-gold-silver zone.
  • Strong Phase 1 drill results highlight Berrigan’s polymetallic potential, enhancing the project’s strategic exploration value.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Claim 55% Off TipRanks

The latest update is out from Chibougamau Independent Mines ( (TSE:CBG) ).

Chibougamau Independent Mines reported that partner TomaGold has resumed drilling at the Berrigan zinc-gold-silver property in Québec, extending five recent holes to test a newly discovered mineralized zone beneath the previously known Berrigan horizon. The program targets the depth interval where earlier hole TOM-25-015 returned long intervals of high-grade zinc-equivalent mineralization, including notable gold and silver values, underscoring the potential to significantly expand the mineralized envelope on the optioned property.

Phase 1 drilling by TomaGold at Berrigan had already delivered multiple broad and high-grade intersections across several holes, demonstrating continuity of polymetallic mineralization and supporting the case for further systematic exploration. The renewed drilling campaign strengthens the strategic value of Chibougamau’s Berrigan asset under option, potentially enhancing the project’s future development prospects and the company’s positioning within the regional base and precious metals exploration sector.

More about Chibougamau Independent Mines

Chibougamau Independent Mines Inc. is a Québec-based mineral exploration company focused on zinc, gold and silver projects, with its shares listed on the TSX-V in Canada, several German exchanges and the OTC market in the U.S. The company holds a large land package in the Chibougamau mining camp, including the Berrigan property, which is under option to TomaGold Corporation for exploration and potential resource development.

Average Trading Volume: 38,552

Technical Sentiment Signal: Buy

Current Market Cap: C$14.35M

For an in-depth examination of CBG stock, go to TipRanks’ Overview page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1