From GlobeNewswire: 2024-08-02 17:00:00

Chibougamau Independent Mines Inc. announced the termination of the letter of intent with TomaGold Corporations, ending the option to acquire Chibougamau’s East Block. The parties couldn’t agree on final terms to move forward. Chibougamau conducted successful drill holes on its C3 copper-gold discovery during the extension period.

Chibougamau retains ownership of significant advanced assets in the Chibougamau Mining Camp. TomaGold plans to continue with the West Block option, with a 2-month extension for initial exploration expenditures. All other terms of the West Block option remain unchanged. Jack Stoch, President and CEO of Chibougamau, authored the press release.

Chibougamau Independent Mines Inc. does not take responsibility for the adequacy or accuracy of the release. Seeking safe harbor, they provide contact information for further inquiries. The News Release may contain forward-looking statements, highlighting the risks and uncertainties that could impact actual results compared to expectations and projections. Explore the Company’s website for more detailed discussions on risks.



Read more at GlobeNewswire: Termination of TomaGold’s Option for the Acquisition of