Significant Zinc, Silver, and Gold Discovery at Berrigan Property

ROUYN-NORANDA, Quebec, Jan. 29, 2026 (GLOBE NEWSWIRE) -- Chibougamau Independent Mines Inc. (CBG-TSXV in Canada, CLL1-Frankfurt, Stuttgart, Berlin and Lang & Schwarz Stock Exchanges in Germany, CMAUF-OTC in the US), herein called Chibougamau, is pleased to update shareholders as regards recent drilling reported by TomaGold Corporation (LOT-TSXV, TOGOF-OTCPK) on the Berrigan property located west of the town of Chibougamau, under option from Chibougamau Independent Mines Inc. Updated option terms were published in a Chibougamau Independent press release dated September 30, 2025 accessible by clicking here.

The Berrigan Property has recently been the focus of significant exploration efforts, resulting in a remarkable discovery of deep semi-massive sulphide zones rich in zinc, silver, and gold. This intersection is highlighted as a pivotal moment for mining operations in the area, showcasing the potential to enhance economic returns and resource exploration in this region.

The geological formations at the Berrigan Property are noted for their complexity, comprising various rock types and mineralization that can provide critical insights into the mining potential. The recent drilling campaigns have uncovered substantial ore bodies, which could lead to increased investment and interest from various mining companies looking to capitalize on these findings.

Geologists and analysts are optimistic about the prospects of further drilling, as the initial results have exceeded expectations and suggest the presence of additional mineralization beyond the current intersected zones. This optimism is backed by historical data and comparative analysis with other successful mining operations in the vicinity.

In light of the positive results, stakeholders in the project, including investors and local communities, are engaging more actively, with discussions around sustainable mining practices and the economic benefits the development of the Berrigan Property could bring to the local economy. Furthermore, the significance of this site in the context of global markets for zinc and silver is also being evaluated, due to the steady demand these metals derive from industries such as construction and electronics.

As further drilling continues, it will be crucial to monitor the developments and establish a comprehensive understanding of the deposit characteristics. The collaboration between geologists, mining engineers, and external consultants will play a vital role in the next steps, ensuring the prospects of the Berrigan Property are maximized while adhering to environmental regulations and community interests.