Tonogold Resources, Inc. Announces Release of Nyac, Alaska Geology, Geochemistry and Drilling Report, 2005-2007
18 April 2008 - 1:00AM
Marketwired
LA JOLLA, CA 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 years of grid surface
sampling, an 11-hole core drilling program, and several 2005 to
2007 geologic reports and can be downloaded at
http://www.tonogold.com/s/Nyac.asp.
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
Tonogold Resources (PK) (USOTC:TNGL)
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