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Re: News Releases - Wednesday, August 12, 2009
Tonogold Resources Announces 2nd Quarter Exploration Update For
Tonopah Divide
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La Jolla, California. August 12, 2009. Tonogold Resources, Inc. (PINK
OTC: TNGL) announces the 2nd quarter exploration update for the Tonopah
Divide Gold Project located five miles south of the town of Tonopah,
Esmeralda County, Nevada.
Centerra (U.S.), Inc., a subsidiary of Centerra Gold Inc. (TSX: CG), is
managing the exploration program as part of its Exploration and Option
Agreement with Tonogold Resources, Inc.
Tonogold has received Centerra's report for the quarter ending June 30,
2009. Key points of interest are as follows:
- A 13 hole reverse circulation drill program is currently underway
covering seven target areas.
- Five drill holes will follow up favorable results from the 2008
drill program.
- A CSAMT survey was completed by Zonge Geosciences that is an
extension of the 2008 IP grid.
- Mapping and sampling of trenches near Gold Mountain and along the
Divide Andesite contact were completed. Trench and road cut sampling
indicates a new target area near Gold Mountain including 60 feet of 1.5
ppm gold and 80 feet of 0.815 ppm gold in trenches and 120 feet of 1.65
ppm gold in a road cut that is subparallel to the strike of a
structure.
- Results of the drill program will be available in the 3rd Quarter
Exploration Update.
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
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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 Wed Aug 12, 2009 at 2:27:47 PM Pacific Time
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Tonogold Resources, Inc.
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EXPLORATION STAGE |
CODE : TNGL |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact 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. |