Canadian Mining Journal


GOLD: TomaGold partners with Goldcorp at Sidace Lake project

ONTARIO – TomaGold Corp. of Montreal has bought up a 39.5% interest in the Sidace Lake project from Planet Exploration. Goldcorp holds the remaining 60.5% of the project 25 km northeast of Balmertown in the Red Lake mining camp.

In 2009 a resource estimate was made for Sidace Lake using a gold price of US$800 per oz. Resources in two zones – Main Discovery and Upper Duck – were given as 1.37 million indicated tonnes grading 3.21 g/t Au and containing 141,300 oz of gold. The inferred resource was 2.10 million tonnes grading 3.24 g/t and containing 218,800 oz of gold. A 1.5 g/t cut-off grade and a 35 g/t Au high grade cap were used. The mineralization remains open along strike and at depth.

TomaGold said in a release that the Main Discovery zone has characteristics reminiscent of the Hemlo gold deposit near Marathon. The similarities include the following:

  • A deformed porphyry system expressed as a quartz-sericite schist with disrupted quartz veinlets and associated molybdenite, arsenides and iron sulphides;
  • Rocks on the structural footwall (“FW”) displaying intense microcline alteration;
  • A main gold-bearing horizon that lies between the potassic alteration (microcline) zone on the FW and a massive quartz unit, interpreted as a meta-chert on the hanging wall; and
  • Evidence of high temperature and high pressure metamorphic environments (amphibolite facies).

TomaGold has interests in several other gold properties in Quebec. Learn about them at

Print this page

Related Posts

Have your say:

Your email address will not be published. Required fields are marked *