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Tonogold Resources, Inc.

Publié le 25 août 2009

ANNOUNCES ACQUISITION OF GOLDSTRIKE, UTAH GOLD PROJECT

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Mots clés associés :   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.

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CODE : TNGL
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Tonogold Res. est une société d’exploration minière d'or basée aux Etats-Unis D'Amerique.

Tonogold Res. détient divers projets d'exploration en USA.

Ses principaux projets en exploration sont TOPONAH DIVIDE et NYAC/ALASKA GOLD en USA.

Tonogold Res. est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 95 908 US$ (89 962 €).

La valeur de son action a atteint son plus haut niveau récent le 25 avril 2014 à 1,90 US$, et son plus bas niveau récent le 09 juin 2023 à 0,00 US$.

Tonogold Res. possède 19 181 665 actions en circulation.

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