Chibougamau Ends Acquisition Deal With TomaGold

Chibougamau Independent Mines (TSE:CBG) has released an update.

Chibougamau Independent Mines Inc. has announced the mutual termination of TomaGold Corporation’s option to acquire the East Block, consisting of 127 mining claims, due to the inability to agree on final terms. Despite the termination, Chibougamau reported a successful drill hole in the C3 copper-gold discovery zone and reaffirmed ownership of significant assets in the Chibougamau mining area, while TomaGold will continue with the West Block option.

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