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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Tonogold Resources Inc (PK) | USOTC:TNGL | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.013 | 0.013 | 0.016 | 0.00 | 18:31:27 |
LA JOLLA, CA announces the release of the Geology, Geochemistry and Drilling report, 2005-2007 for their Nyac Porphyry Gold Project. The Nyac property consists of 57,600 acres and is located in southwestern Alaska at the western end of the Alaska-Yukon Tintina Gold Belt. Tonogold leases the Nyac property from Calista Corporation.
The report incorporates results from two years of grid surface sampling, an 11-hole core drilling program, and several 2005 to 2007 geologic reports and can be downloaded at http://www.tonogold.com/s/Nyac.asp.
A comprehensive exploration and grid sampling program at Nyac began in June 2005. Tonogold's 2005 Nyac program systematically grid-sampled clay-bearing soils throughout the center of this large district. Crews took 3,149 soil samples at close centers over a six square-mile area in 2005 and identified six large anomalies. In 2006, Tonogold took 3,594 more soil samples and drilled 11 core holes. Thin, gold-bearing stockwork veinlets in a Cretaceous pluton were intercepted in the first four holes. Three additional holes in wall rocks also encountered 1 ppm gold intercepts up to 1 meter. Three main exploration targets were recognized in either mineralized granitics or altered volcanic rocks. All are either cut by gold-bearing veins, veinlets, shears, faults and/or dikes or are large geophysical targets projecting along strike beneath shallow cover.
Tonogold Resources, Inc. is a minerals exploration company based in La Jolla, California with properties in Alaska and Nevada. The company also has a project office in Carson City, Nevada. For more information on the Company visit their website www.tonogold.com.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
This press release contains certain forward-looking information about Tonogold Resources, Inc. ("Tonogold") which is intended to be covered by the safe harbor for "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. Words such as "expect(s)," "feel(s)," "believe(s)," "will," "may," "anticipate(s)," and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, financial projections and estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to future operations, products and services; and statements regarding future performance. Such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the control of Tonogold Resources, Inc., that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include: our lack of operating revenue and earnings history, our need for additional capital to pursue our business strategy, the grade and quantity of minerals in our projects may not be economic, we do not have fee title to our properties, but derive our rights through leases and the Mining Law, we are a non-reporting company and as such do not make periodic filings with the Securities and Exchange Commission, we trade on the Pink Sheets and there can be no assurances that a liquid market will develop in our securities, mining is subject to extensive environmental regulations and can create substantial environmental liabilities, gold and silver are commodities which have substantial price fluctuations, a drop in gold and/or silver prices could adversely affect future profitability and/or capital raising efforts, and mining can be dangerous and present operational hazards for employees and contractors. Readers are cautioned not to place undue reliance on these forward-looking statements. Tonogold does not undertake any obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contact: Phillip Winter 858-456-1273 ir@tonogold.com www.tonogold.com
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