Deep Semi Massive Sulphide Zinc, Silver and Gold Intersection at Berrigan Property
MWN-AI** Summary
On January 29, 2026, Chibougamau Independent Mines Inc. announced significant drilling results from the Berrigan property in Rouyn-Noranda, Quebec, with recent assays highlighting a newly discovered semi-massive sulfide zone. The drilling, conducted by TomaGold Corporation, reported impressive findings from two drill holes, TOM-25-014 and TOM-25-015, which explore a major mineralization area beneath existing zones.
Drill hole TOM-25-015 revealed a remarkable intersection of 5.75% Zinc Equivalent (ZnEq) over 98.5 meters, including sections with higher grades such as 26.67% ZnEq over 4.9 meters. This discovery, dubbed Berrigan Deep, underscores the presence of a substantial mineralized system that remains open for further exploration at depth. The second hole, TOM-25-014, while shorter in length, also boasted impressive grades, with 28.69% ZnEq over 2.10 meters.
The results signify a transformative stage for the Berrigan project, indicating significant potential for the extraction of zinc, silver, and gold in the area. Additionally, the assays provided compelling data for secondary silver and gold mineralization, positioning the project as an attractive opportunity within the mining sector.
Chibougamau has emphasized the exploratory nature of this phase, noting the geological complexity of the ultramafic host rock and the current absence of comprehensive metallurgical data. The potential viability of these findings is bolstered by the marked promise in intercept grades, all derived under their established parameters for ZnEq and AuEq calculations.
As the company continues its exploration efforts, the results from TOM-25-014 and TOM-25-015 will be instrumental for guiding future drilling and development strategies at the Berrigan mine site.
MWN-AI** Analysis
The recent drilling results at the Berrigan property, reported by Chibougamau Independent Mines Inc. (CBG-TSXV), represent a significant development for investors focused on the mining and resources sector. The discovery of a new semi-massive sulphide zone, particularly with the impressive grades of ZnEq (5.75% over 98.5 m) and the high silver and gold intersection, positions the Berrigan mine as a key asset within Chibougamau's portfolio.
With the mineralization still open at depth, this suggests strong potential for further discoveries that could enhance the Berrigan project's overall economics. The grades reported in drill holes TOM-25-015 and TOM-25-014 not only exceed typical thresholds for economic viability but also indicate that there may be a larger mineralized system that warrants additional exploration.
For investors, this news can signal a potential upward trajectory in stock performance related to Chibougamau Independent Mines. However, it is critical to approach with caution, recognizing that the company is in the early exploration phase and lacks metallurgical data. Given these aspects, stakeholders should monitor upcoming assays and drilling results closely, as continued positive outcomes could further uplift investor sentiment and stock prices.
Moreover, considering the broader context of commodity prices, zinc, silver, and gold are currently significant drivers in the mining sector. With rising demand in various industries and the geopolitical landscape affecting supply chains, companies like Chibougamau that showcase robust mineral discoveries typically attract increased interest.
In summary, investors looking at the Berrigan property should weigh the significant recent advancements against the developmental uncertainties. The potential for sizeable returns must be balanced with the inherent risks of mining exploration, making it advisable to stay informed on both corporate updates and market conditions that could influence operational success and investor sentiment.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
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.
Tomagold has published assay results for two drill holes TOM-25-015 and TOM-25-014 as follows:
- Drill hole TOM-25-015 (from 451.20 m): 5.75% ZnEq (1.34 g/t AuEq) over 98.5 m
- Including: 26.67% ZnEq (6.26 g/t AuEq) over 4.90 m
- Including: 7.26% ZnEq (1.69 g/t AuEq) over 49.35 m
- Including: 10.26% ZnEq (2.39 g/t AuEq) over 14.60 m, 9.94% ZnEq (2.31 g/t AuEq) over 3.25 m, and 14.82% ZnEq (3.45 g/t AuEq) over 6.20 m
- Drill hole TOM-25-015 confirms the discovery of a new major semi-massive sulfide zone, named Berrigan Deep, which remains open at depth
- Drill hole TOM-25-014 (from 185 m): 28.69% ZnEq (6.73 g/t AuEq) over 2.10 m
For more details, shareholders may access the Tomagold press release by clicking here.
Tomagold states that “Drill hole TOM-25-015, grading 5.75% ZnEq (1.34 g/t AuEq) over 98.5 m, is truly transforming the Berrigan Mine project and highlights a new semi-massive sulfide zone that extends at depth beneath the known zones. This very encouraging result suggests the presence of a large mineralized system that remains open at depth.”
The drill holes contain significant secondary silver and gold mineralization. The table below provides the breakdown of individual assays.
Results from drill holes TOM-025-014 and TOM-025-015: Berrigan Mine project
| Hole ID | From (m) | To (m) | Length (m) | ZnEq (%) | AuEq (g/t) | Au (g/t) | Ag (g/t) | Cu (ppm) | Zn (ppm) |
| TOM-25-014 | 185.00 | 187.10 | 2.10 | 28.69 | 6.73 | 4.94 | 56.44 | 545 | 45509 |
| 238.70 | 239.85 | 1.15 | 23.29 | 5.43 | 2.63 | 22.20 | 1590 | 104000 | |
| 251.20 | 252.60 | 1.40 | 41.79 | 9.80 | 7.44 | 37.30 | 552 | 80400 | |
| 405.30 | 406.70 | 1.40 | 14.99 | 3.48 | 1.13 | 13.15 | 655 | 92514 | |
| 423.30 | 426.30 | 3.00 | 2.34 | 0.54 | 0.07 | 5.45 | 493 | 15700 | |
| 451.50 | 457.50 | 6.00 | 1.34 | 0.31 | 0.08 | 3.45 | 77 | 7882 | |
| TOM-25-015 | 132.55 | 141.00 | 8.45 | 4.22 | 0.99 | 0.51 | 5.51 | 338 | 16610 |
| 155.70 | 157.70 | 2.00 | 31.75 | 7.42 | 4.66 | 26.90 | 684 | 102850 | |
| 182.10 | 202.20 | 20.10 | 2.55 | 0.60 | 0.36 | 3.20 | 265 | 7687 | |
| 451.20 | 549.70 | 98.50 | 5.75 | 1.34 | 0.82 | 3.21 | 386 | 19751 | |
| including | 452.20 | 457.10 | 4.90 | 26.67 | 6.26 | 4.69 | 18.80 | 2897 | 47876 |
| and including | 500.35 | 549.70 | 49.35 | 7.26 | 1.69 | 0.90 | 3.48 | 310 | 31250 |
| Including | 521.00 | 535.60 | 14.60 | 10.26 | 2.39 | 1.34 | 5.91 | 420 | 41158 |
| Including | 537.85 | 541.10 | 3.25 | 9.94 | 2.31 | 0.88 | 3.85 | 529 | 58200 |
| Including | 542.00 | 548.20 | 6.20 | 14.82 | 3.45 | 1.63 | 5.26 | 511 | 74276 |
Notes:
- The reported widths represent core lengths. True width is estimated to be approximately 80-85% of the core length, depending on the deviation angles.
- ZnEq and AuEq are calculated using the Company’s standard parameters.
- AuEq calculation was based on US$4150/oz Au, $51.36/oz Ag, US$5.044/lb. Cu and $1.398/lb Zn. AuEq = Au g/t + (Ag g/t × 0.01237) + (Cu ppm × 0.000083) + (Zn ppm × 0.000023). The use of AuEq is to calculate cut-off grades for exploration purposes, and no adjustments were made for metal recovery. The Company is currently in the initial exploration phase, following historical drilling. At this stage, the Company does not have any metallurgical data and no comparative studies have been conducted, given the geological complexity of the ultramafic host rock. Furthermore, the Company is not aware of any deposits that may have similar geological characteristics.
- ZnEq calculation was based on US$4047/oz Au, $50.22/oz Ag, US$4.796/lb. Cu and $1.390/lb Zn. ZnEq = Zn ppm + (Ag g/t × 527) + (Au g/t x 42466) + (Cu ppm × 3.45) / 10,000. The use of ZnEq is to calculate cut-off grades for exploration purposes, and no adjustments were made for metal recovery. The Company is currently in the initial exploration phase, following historical drilling. At this stage, the Company does not have any metallurgical data and no comparative studies have been conducted, given the geological complexity of the ultramafic host rock. Furthermore, the Company is not aware of any deposits that may have similar geological characteristics.
Drill Hole TOM-25-015: A Major Discovery at Depth
This press release was written by Jack Stoch, P. Geo., President and CEO of Chibougamau Independent Mines Inc. in his capacity as a Qualified Person (Q.P.) under NI 43-101.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
We Seek Safe Harbour. | CUSIP Number 167101 203 LEI 529900GYUP9EBEF7U709 |
For further information, contact: | |
| Jack Stoch, P.Geo., Acc.Dir. President & CEO Chibougamau Independent Mines Inc. 86, 14th Street Rouyn-Noranda, Quebec Canada J9X 2J1 | Tel.: 819.797.5242 Fax: 819.797.1470 info@chibougamaumines.com www.chibougamaumines.com |
Forward-Looking Statements
Except for historical information this News Release may contain certain “forward looking statements”. These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the Companies expectations and projections. A more detailed discussion of the risks is available under “disclaimer” on the Company’s website.
A map accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2f2e13be-17d4-4c01-9b16-1957e866fc41
FAQ**
How does the recent drilling at the Berrigan property by TomaGold Corporation impact the valuation and outlook of Chibougamau Independent Mines Inc. CBG:CC in the short term?
What are the implications of the significant assays reported in drill holes TOM-25-014 and TOM-25-015 for Chibougamau Independent Mines Inc. CBG:CC’s exploration strategy moving forward?
Given the discovery of a new semi-massive sulfide zone at the Berrigan Mine project, what are the potential risks and rewards for investors in Chibougamau Independent Mines Inc. CBG:CC?
How might the geological complexities mentioned in the press release affect future drilling and operations for Chibougamau Independent Mines Inc. CBG:CC, and what strategies are being considered to address these challenges?
**MWN-AI FAQ is based on asking OpenAI questions about Tomagold Corporation (TSXVC: LOT:CC).
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