TurnOnGreen (PK) (USOTC:TOGI)
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Tornado Gold International Corp. (OTCBB:TOGI) (The
Company) is pleased to announce the acquisition of the 247-claims
(nearly 5,000 acres) Jack Creek property in Elko County, Nevada. The
property, located in the Northern Independence Range, is adjacent to
Gateway Gold Corp.'s (TSX VENTURE:GTQ) Big Springs and Dorsey Creek
properties currently being explored at a budget of $5.2 million for
2005.
Dr. Earl W. Abbott, President Reports:
The Jack Creek property located 3 miles to the southwest is
believed to share the same structural features as well as similar
sedimentary rocks and igneous instructive rocks that are important to
the mineralization of the Big Springs Mine. Between 1987 and 1993
Independence Mining Company, the mine operator at Big Springs, mined
510,000 ounces of gold in seven open pits. At Dorsey Creek,
immediately adjacent to the Jack Creek property, Gateway recently
announced the discovery of a large Carlin-style gold system including
a drill intercept of 20 feet of 0.255 opt (ounces per ton) gold by a
previous operator. The Company believes that the gold system extends
onto the Jack Creek property and therefore it has the potential of a
significant gold deposit discovery.
In addition to the Jack Creek acquisition, Tornado Gold has four
other properties in north central Nevada all believed to be well
situated to contain a major gold deposit.
The NT Green property, located in Lander County is a 5,300 acre
claim located about 4 miles southwest of Placer Dome's recently
discovered Cortez Hills and Pediment (deposits over 10 million ounces
of Gold) and about 8 miles south of Placer Dome's operating Pipeline
group of mines (over 15 million ounces of Gold). Mineralized
structures that are along extensions of the Pipeline structures are
present on the NT Green property and these are also parallel to
structures thought to be important in the mineralization at Cortez
Hills and Pediment.
The HMD property, located in Eureka County is a 640 acre claim
group about 16 miles southeast of Klondex Mine's (TSX VENTURE:KDX)
Fire Creek deposit, currently being drilled. Klondex recently
announced a resource of 580,000 ounces of Gold at an average grade of
0.328 ounces per ton, including one spectacular intercept of 5 feet
of 12.00 opt gold within a 25 food interval averaging 2.59 opt gold.
Mineralization at HMD is seen as a silicified structure along the
range front of the Cortez Range that is said by previous operators to
run as high as 0.1 opt Gold. The geologic setting at HMD is similar
to Fire Creek and other known discoveries along the Northern Nevada
Rift such as the Mule Canyon Mine and, the largest, the Ken Snyder
Mine (Midas district) of Newmont. On Tornado Gold's boundary, CMQ
Resources (TSX VENTURE:CMQ) is pursuing an active drilling program.
Goodwin Hill, a 1,800 acre claim group in Lander County, is
located around a small hill composed of Ordovician limestone
surrounded by alluvium. Work to date indicates the possibility of a
large Carlin-type mineral system hosted in prospective lower plate
(of the Roberts Mountains thrust fault) carbonate rocks on the flank
of a large structural dome and near intrusive igneous bodies. The
setting is similar to that seen about 30 miles to the north at Cortez
Hills. Further work could discover structures like those at Pipeline
or Cortez Hills hosting shallow oxide gold mineralization under
alluvial cover. Properties about 15-20 miles north of the Goodwin
Hill property that are owned by White Knight Resources (TSX
VENTURE:WKR), Nevada Pacific Gold (TSX VENTURE:NPG), and Miranda Gold
are currently being drilled.
Wilson Peak, in Elko County, is a 1,200 acre claim group located
about 10 miles northwest of the Jack Creek property. Precambrian
through Tertiary rocks are exposed on the property along the west
flank of the Bull Run Mountains and are mineralized for a strike
length of more than 2 miles. Drilling and sampling by previous
operators has shown anomalous gold grab samples to over 0.20 opt. Two
gold deposit models are possible, a large sediment-hosted deposit
like Jerritt Canyon or Big Springs and a large volcanic-hosted
epithermal deposit like Midas.
About Tornado Gold International Corp.
Tornado Gold focuses on the discovery of giant gold deposits
(greater than 7M ounces). To that end we have chosen Nevada - one of
the most prospective places on earth to find and exploit giant gold
deposits. Our exceptional team of proven explorers utilizes unique,
cutting-edge technology which we believe helps us to quickly and
precisely target the areas on the earth where these giant deposits
may lie undiscovered. Tornado Gold is headed by an experienced
management team with decades of collective experience contributing to
discoveries of significant ore-bodies.
For additional information, please visit our web site at:
www.tornadogold.com.
Forward-Looking Statements: This document contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act
of 1934. All forward-looking statements are inherently uncertain as
they are based on current expectations and assumptions concerning
future events or future performance of the Company. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which are only predictions and speak only as of the date
hereof. In evaluating such statements, prospective investors should
review carefully various risks and uncertainties identified in this
release and matters set forth in the Company's SEC filings. These
risks and uncertainties could cause the Company's actual results to
differ materially from those indicated in the forward-looking
statements.
Tornado Gold International Corp. (OTC Bulletin Board:TOGI)