ROUYN-NORANDA, Québec, Dec. 23, 2025 (GLOBE NEWSWIRE) -- Chibougamau Independent Mines Inc. (CBG-TSX-V in Canada, CLL1-Frankfurt, Stuttgart, Berlin and Lang & Schwarz Stock Exchanges in Germany, CMAUF-OTC in the US), herein called Chibougamau, is pleased to inform shareholders that TomaGold Corporation (LOT-TSXV, TOGOF-OTCPK) have reported intersecting zinc, silver and gold mineralization in drill holes on the Berrigan claims located in the Chibougamau mining camp, under option from Chibougamau Independent Mines.

Initial Drill Holes Return Zinc, Silver, and Gold Over Wide Widths on Chibougamau Independent Claims Optioned to TomaGold

The recent drilling conducted on the Chibougamau Independent claims has yielded promising results, as initial drill holes have shown significant mineralization of zinc (Zn), silver (Ag), and gold (Au). These findings are notable as the exploration was aimed at confirming the mineral potential of the area, which is part of TomaGold's strategy to advance mining projects in the Chibougamau region of Quebec, Canada.

Chibougamau Independent claims are strategically located in a mining-friendly area that has historically shown rich mineral deposits. The drilling campaign, which included multiple drill holes, focused on targeted areas where previous geological surveys indicated high potential for mineralogical presence. The anticipation surrounding these results has been fueled by both historical data and recent geological assessments that highlight the area's rich mineral composition.

The drilling results reveal wide intersections of mineralized material, including notable grades of Zn, Ag, and Au. Specific drill holes have exhibited impressive widths, indicating extensive zones of mineralization which could translate into economically viable mining opportunities. The grades reported in these holes are expected to attract further investment and exploration as TomaGold and its partners assess the potential for extraction.

In the context of current market dynamics and the increasing demand for these precious and base metals, the positive outcomes from the drill program are particularly timely. Zinc, silver, and gold continue to see fluctuations in pricing, driven by a variety of factors including industrial demand, market speculation, and geopolitical developments. As a result, exploration companies like TomaGold are keenly observing these trends, and such drilling successes could position them favorably in a competitive landscape.

Moreover, the collaboration with various stakeholders and local communities remains a fundamental aspect of TomaGold's operational strategy. The company is committed to ensuring sustainable mining practices that not only focus on financial returns but also encompass environmental stewardship and community engagement in the Chibougamau area.

As TomaGold progresses with its exploration and potential development plans, investors and industry analysts will be closely monitoring further drilling results. Continued positive outcomes could not only boost the company’s stock price but also enhance its reputation as a key player in the mining sector within Quebec. The regular updates on drilling progress and subsequent results will be crucial in assessing the long-term viability of the Chibougamau Independent claims.

In conclusion, the initial drill holes' results from the Chibougamau Independent claims have set a promising stage for TomaGold’s future endeavors in the region. With substantial mineralization observed, the firm remains optimistic about expanding its resource base and unlocking further value for its shareholders.