
At Tonogold Resources, we specialize in finding, acquiring and exploring historical gold and silver mining properties with past production or drilling results.
For mining companies who need a financeable exploration property we provide advanced projects that can save years of work and millions of dollars in exploration costs.
Consider this: the all-in costs of a standard reverse circulation drill program can run $50 per foot (Source: Tonopah Divide Annual Report, 2010). Finding a property with 50,000 feet of reverse circulation drilling can potentially save you $2.5 million in exploration expenses.
Underground development costs are even more expensive ($9,000 per foot according to several recent feasibility studies). 1,000 feet of existing underground ramps or drifts can potentially save $9 million in upfront costs.
But the real savings is in time. Many of our properties are the result past-cycle mining booms or decades long exploration programs. For instance, our Tonopah Divide property was discovered during a classic "area play" mining boom involving 350 companies from 1917-25 followed by multiple exploration programs and a small mining operation in the 1970's. Our Mineral Mountain property was the end result of a regional exploration program conducted by multiple companies over a two decade period. Both properties offer vast opportunities to leverage the past expenditures of other mining companies on the way to a big discovery.
We focus on helping small public companies and independent operators acquire mining properties that are beyond the raw prospect stage and in some cases near production. We have already spent substantial funds on land costs, assays, maps, and even engineering reports. Because we focus on past producers - we often have production records, drill logs, and other valuable information that can give you a head start. Most importantly, each property is vetted by a professional geologist and has a full geological report. We have experience working with Canadian public companies and make a special effort to prepare our geological reports to the standards of NI 43-101 whenever possible.
Here are some of the transactions we have completed in the last few years:
If you would like an information package on our currently available properties (several of the best properties are not listed on our website), please send us an email at or call Jeff Janda at 858-752-8503.
References available upon request.