Yahoo Finance

Talmora Mine

In addition to the Tombill Old Mine, on a limited basis, we embarked on sampling our other legacy Talmora Mine stockpiles on the northeast corner of our Main Group patented claims, and we are encouraged by the grades derived from the 10 samples collected to date. The Talmora Mine was mined in 1942 and from 1947-48, producing 1,406 oz Au at a grade of 5.04 g/t. Further work is necessary to determine the stockpiles area and dimensions. Elevations (derived from the sample access points) range from 329.54 m to 331.65 m.

On 2 October 2024, we collected 10 samples for assays from the mine tailings area to a depth of 40 cm at each site. The grade of these samples varied from 0.06 to 21.60 g/t Au and averaged 4.9 g/t Au. To date, no bulk density samples have been collected.

To collect the samples, we utilized a combination of a hand augur and shovel at sites over the stockpile but have not employed a mapped-out grid yet. All samples were collected from the mine tailings area and no bedrock or overburden were sampled.

During the 2025 field season, further exploration work will be conducted over a grid to complete additional sampling and to determine area, volumes, bulk densities and a potential gold resource.

Below, summarizes results from the 10 samples collected to date at the Talmora site:

Assays

Assays were performed at AGAT Laboratories, an accredited lab in Thunder Bay, Ontario. A chain of custody is maintained to the assay lab.

Qualified Person

Gerry White P.Geo., Superior Rift Geoconsulting Inc., is the Company's designated Qualified Person for this news release within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects and has reviewed and approved its scientific and technical content.

About Tombill

Founded 1935, jointly by Newmont Mining and 'Tom' and 'Bill' Johnson, Tombill (TSXV: TBLL) owns 2 of the 11 past- producing and producing mines in the Geraldton Greenstone Gold District (pop. 4300, about 225 km NE of Thunder Bay). Within this optimal local and mining infrastructure, our assets comprise 4 royalty-free claims groups, occupying the middle of the Geraldton Gold District. The Greenstone Open Pit Gold Mine (established May 2024), which we border with our Main Group east boundary, is one of Canada's largest gold mines & mill by both annual production and grade according to its owners Equinox Gold Corp (TSX/NYSE: EQX). Our assets comprise 74 royalty-free claims (60 fully owned patented claims, 9 fully owned patented mineral rights, and 5 leases). Of these, the 51-patented claim Main Group borders west of the Greenstone Gold Mine and straddles the Trans- Canada Highway; the 5-claim Ellis Group lies 4 km south of the town of Geraldton; and the original Tombill Old Mine group of 6-patented claims sits 10 km west-southwest of Geraldton. The Tombill Old Mine produced 68,737 gold oz at a grade of 12.47 g/t between 1938 -1942 and 1955 in the southeast part of that claim group. The Talmora Mine, located northeast on the Main Group, was built in 1942, but saw only very minor production before closing in 1948 (1,406 gold oz at 5.05 g/t).

The Geraldton camp is approximately 15 km in length over a defined corridor -- essentially along the Bankfield Tombill Fault & Trans-Canada Highway -- housing multiple shallow and deep gold zones, 10 past-producing mines and 1 producing open pit mine stemming from the most easterly Greenstone Open Pit Gold Mine to the most westerly past-producing Key Lake Mine.

Location Map

To view an enhanced version of this graphic, please visit:
https:/https://finance.yahoo.com/images.newsfilecorp.com/files/7659/237877_305e1fbcc499eb48_001full.jpg

For more information, please visit www.tombillmines.com, and contact:
Adam Horne
Email: ir@tombillmines.com Tel: +1 647 4938 270

Cautionary Note Regarding Forward-Looking Information

Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to its exploration program. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "will" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws. Additional information identifying risks and uncertainties is contained in filings by the Company with the Canadian securities regulators, which filings are available at www.sedar.com.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237877