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Events / Business / TomaGold Reports Berrigan Mine...
Business drilling results

TomaGold Reports Berrigan Mine Drilling Results

Analysis based on 7 articles · First reported May 29, 2026 · Last updated May 29, 2026

Sentiment
60
Attention
4
Articles
7
Market Impact
Direct
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Market Impact

The positive drilling results from the Berrigan Mine claims, particularly the high ZnEq and AuEq intersections, are likely to positively impact the stock prices of Asante Gold Corporation and Globex Mining Enterprises. Asante Gold Corporation, as the operator, stands to gain from increased resource potential, while Globex Mining Enterprises benefits from its 2% Gross Metal royalty, potentially increasing its future revenue streams. The planned extensive exploration campaign further signals long-term growth potential for these companies in the mining sector.

mining
Event Summary

Asante Gold Corporation has provided an update on recent drilling at the Berrigan Mine claims in the Chibougamau area of Canada — Quebec. Phase 1 drilling intersected significant mineralization, with drill holes TOM-25-015 and TOM-25-014 showing high ZnEq and AuEq values, including 5.08 ZnEq over 98.5 m and 24.85% ZnEq over 2.1 m. Phase 2 drilling focused on extending existing drill holes to intersect a newly discovered deep zone. Asante Gold Corporation is also launching a large-scale ground prospecting and exploration campaign covering properties acquired from Chibougamau Independent Mines, Globex Mining Enterprises, and SOQUEM. Additionally, the company plans borehole electromagnetic (BHEM), surface geophysical (UTEM), and audio-frequency magnetotelluric (AMT) surveys to further understand the area's structural geology and identify new drill targets. Globex Mining Enterprises retains a 2% Gross Metal royalty on all mineral production from these claims.

Key Actions
95 Asante Gold Corporation intersected mineralized zone
90 Asante Gold Corporation started drill program
85 Globex Mining Enterprises reported to shareholders
80 Asante Gold Corporation focused Phase 2 drilling
70 Asante Gold Corporation launched prospecting campaign
60 Asante Gold Corporation initiated BHEM survey
60 Asante Gold Corporation planned geophysical surveys
Entities Involved
stock
Asante Gold Corporation
Asante Gold Corporation provided the update on recent drilling at the Berrigan Mine claims, reporting significant mineralization and planning further exploration. These positive results and future plans are expected to enhance the company's prospects and stock value.
Importance 100 Sentiment 70
stock
Globex Mining Enterprises
Globex Mining Enterprises is pleased with the drilling results from the Berrigan Mine claims, as it retains a 2% Gross Metal royalty on all mineral production from the large package of claims. This positive update could increase the value of its royalty assets.
Importance 90 Sentiment 60
cmdt
Zinc
Zinc is a primary mineral of interest at the Berrigan Mine claims, with high ZnEq values reported, indicating significant mineralization and potential for substantial extraction.
Importance 80 Sentiment 50
cmdt
Gold
Gold is one of the key minerals found in the Berrigan Mine claims, with significant AuEq values reported in the drilling results, indicating potential for future production.
Importance 70 Sentiment 50
priv
Chibougamau Independent Mines
Chibougamau Independent Mines has optioned the Berrigan Mine claims to Asante Gold Corporation. The positive drilling results and further exploration plans by Asante Gold Corporation could indirectly benefit Chibougamau Independent Mines through its option agreement.
Importance 60 Sentiment 50
cmdt
Silver
Silver is another mineral present in the Berrigan Mine claims, contributing to the overall metal equivalent calculations and enhancing the project's economic viability.
Importance 60 Sentiment 50
cmdt
Copper
Copper is identified as a valuable mineral in the Berrigan Mine claims, with its presence factored into the metal equivalent calculations, adding to the project's potential.
Importance 60 Sentiment 50
loc
Canada — Quebec
The Berrigan Mine claims are located in the Chibougamau area of Canada — Quebec, making the region a key geographical context for the mining operations.
Importance 50 Sentiment 50
cnt
Canada
The mining operations are taking place in Canada, specifically in Canada — Quebec, which is a significant jurisdiction for mineral exploration and production.
Importance 50 Sentiment 50
per
Jack Stoch
Jack Stoch, Executive Chairman and CEO of Globex Mining Enterprises, prepared the information for this disclosure as a Qualified Person. His involvement ensures the technical credibility of the reported drilling results.
Importance 40 Sentiment 50
priv
SOQUEM
SOQUEM is mentioned as one of the entities from which Asante Gold Corporation acquired strategic option properties. The broader exploration campaign by Asante Gold Corporation could indirectly benefit SOQUEM if its properties prove valuable.
Importance 30 Sentiment 50
per
Sponsorship scandal
Sponsorship scandal, Vice President of Exploration, reviewed and approved the technical content of the press release as a Qualified Person.
Importance 20 Sentiment 50
per
Suzie Tremblay
Suzie Tremblay, Vice President of Operations at Explo-Logik Inc. and a consultant to Asante Gold Corporation, reviewed and approved the technical content of the press release as a Qualified Person.
Importance 20 Sentiment 50
priv
Explo-Logik Inc.
Explo-Logik Inc. is a consulting firm to Asante Gold Corporation, with its Vice President of Operations, Suzie Tremblay, acting as a Qualified Person for the technical review.
Importance 10 Sentiment 50
priv
Process Research Associates Limited
Process Research Associates Limited prepared a metallurgical report on Berrigan Mine zinc material in February 2002, which was used as a basis for metallurgical recovery factors in the AuEq and ZnEq calculations.
Importance 10 Sentiment 50
NEWSDESK
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