Tonogold Resources, Inc.

Published : August 25th, 2009

ANNOUNCES ACQUISITION OF GOLDSTRIKE, UTAH GOLD PROJECT

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Commodities | Gold | Market | Silver | Utah |
=======================================================================
Re:   News Releases - Friday, August 14, 2009
      TONOGOLD RESOURCES ANNOUNCES ACQUISITION OF GOLDSTRIKE, UTAH GOLD
      PROJECT
=======================================================================

La Jolla, California. August 14, 2009.  Tonogold Resources, Inc. (PINK
OTC: TNGL) has leased 120 unpatented mining claims (2,400 acres)
covering key portions of the Goldstrike District in Washington County,
Southwest Utah.  Goldstrike is an advanced gold exploration project. 
The Goldstrike property consists of two mining leases covering areas of
shallow historic open pits, separate unmined areas with thick gold
drill intercepts, and untested structural and stratigraphic extensions.
 Lease terms are for ten years with an option for renewal, a total
annual work commitment of $25,000, and annual bonus and advance minimum
royalty payments.
Pre-modern mining at Goldstrike on high grade veins followed
immediately after the 1904 discovery of a 28-pound gold nugget. 
Modern exploration began with Gold Resources, Inc in 1975.
Disseminated gold deposits were announced in the 1980s by other
companies, and mining soon followed.  A series of twelve shallow open
pits were mined by Tenneco and later USMX from 1989 to 1996 for a
cumulative production of 280,000 ounces of gold. 
Goldstrike's ores were mined from Tertiary conglomerates, Tertiary
andesites and rhyolites, and Pennsylvanian limestone.  The last phase
of close-spaced exploration drilling at Goldstrike ended in the 1990's.
 Thick, shallow, apparently oxidized gold intercepts were encountered
in close-spaced drilling during this last exploration phase beneath the
southwestern slopes of Mineral Mountain.  The best historic drill
intercept at Mineral Mountain was reported to be 110 feet of 4.3 gpt Au
(BR-21). 
The Mineral Mountain gold mineralization occurs in a northwest-striking
structural zone incorporating all of the above stratigraphic units and
is open along strike and down dip.  Tonogold's first priority at
Goldstrike will be to verify the historic mineralized drill intercepts
on the slopes of Mineral Mountain.  Tonogold has acquired past
exploration data on the areas of interest at Goldstrike and is
preparing a summary report.
Tonogold Resources, Inc. is a minerals exploration company based in La
Jolla, California. 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:

Jeff Janda
Jerry Samaras
858-456-1273
jeff@tonogold.com
www.tonogold.com

=======================================================================
Copyright (c) 2009 TONOGOLD RESOURCES, INC. (TNGL)  All rights
reserved.  For more information visit our website at
http://www.tonogold.com/ or send mailto:ir@tonogold.com
Message sent on Thu Aug 20, 2009 at 12:55:44 PM Pacific Time
=======================================================================
.
<

Tonogold Resources, Inc.

EXPLORATION STAGE
CODE : TNGL
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Tonogold Res. is a gold exploration company based in United states of america.

Tonogold Res. holds various exploration projects in USA.

Its main exploration properties are TOPONAH DIVIDE and NYAC/ALASKA GOLD in USA.

Tonogold Res. is listed in United States of America. Its market capitalisation is US$ 76 727 as of today (€ 71 686).

Its stock quote reached its highest recent level on April 25, 2014 at US$ 1.90, and its lowest recent point on June 09, 2023 at US$ 0.00.

Tonogold Res. has 19 181 665 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Nominations of Tonogold Resources, Inc.
8/21/2007Prospect Uranium, Inc. Acquires Uranium Database and Appoint...
Project news of Tonogold Resources, Inc.
8/17/2009(Toponah Divide)2nd Quarter Exploration Update For Tonopah Divide
2/18/2009(Toponah Divide)Resources Announces Drilling Results and 4th Quarter Explora...
11/13/2008(Toponah Divide)Resources Announces 3rd Quarter Exploration Update for Tonop...
8/7/2008(Toponah Divide)Resources Announces 2nd Quarter Exploration Update for Tonop...
4/23/2008(Toponah Divide)Announces Exploration Update For Tonopah Divide
4/18/2008(Nyac/alaska Gold)Announces Release of Nyac, Alaska Goelogy, Geochemistry and ...
8/7/2007(Nyac/alaska Gold)Updates Nyac Information with Coarse Gold Report
Corporate news of Tonogold Resources, Inc.
1/8/2015Tonogold - Strategy Update
8/25/2009 ANNOUNCES ACQUISITION OF GOLDSTRIKE, UTAH GOLD PROJECT
3/27/2008Acquires Connors Uranium Project, North Dakota
3/19/2008Announces Exploration Agreement with Centerra (U.S.), Inc. f...
10/25/2007Fires in San Diego
9/18/2007Announces Letter of Intent with Centerra (U.S.) for Tonopah ...
6/29/2007Announces Acquisition of Victory Divide Claims at Tonopah Di...
5/23/2007Announces Initial Work Program at Tonopah Divide Gold Projec...
2/28/2007Announces the Red Gold Project, Nye County, Nevada
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
Other OTC (TNGL)
0.004-20.00%
Other OTC
US$ 0.004
04/25 16:43 -
-20%
Prev close Open
0.005 0.005
Low High
0.004 0.005
Year l/h YTD var.
- -  0.006 -
52 week l/h 52 week var.
- -  0.010 -50.00%
Volume 1 month var.
61,035 -
24hGold TrendPower© : 44
Produces
Develops
Explores for Gold
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.70-0.65%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.94+9.34%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.54-2.55%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.69+13.03%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.60+1.83%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20+2.63%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.87+5.65%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.61+0.98%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+5.56%Trend Power :