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Re: News Releases - Thursday, April 17, 2008
Tonogold Resources, Inc. Announces Release of Nyac, Alaska
Goelogy, Geochemistry and Drilling Report, 2005-2007
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Tonogold Resources, Inc. (Pink Sheets: TNGL) 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-year's of grid surface
sampling, an 11-hole core drilling program, and several 2005 to 2007
geologic reports and can be downloaded at
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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Copyright (c) 2008 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 Apr 17, 2008 at 9:05:09 AM Pacific Time
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