|November 15, 2005|
Tonogold Resources, Inc. Announces Release of Final Report on Nyac Geochemical Data
|La Jolla, California. November 15, 2005. Tonogold Resources, Inc. (Pink Sheets: TNGL) announces the release of the Final Report on Nyac Geochemical Data on a portion of the 57,600 acre Nyac Gold Prospect located in southwest Alaska at the western end of the Alaska-Yukon Tintina Gold Belt. The report can be downloaded on our webpage at http://www.tonogold.com/s/NewsReleases.asp.|
The Final Report on Nyac contains a summary of the 2005 surface sampling program as well as recommendations for the 2006 exploration season.
Tonogold's 2005 Nyac sampling and exploration program was a systematic grid sampling of soils in the center of the district. Based at Calista's Nyac Camp, the Tonogold sampling teams took over 3,000 soil and 200 rock samples within approximately six square miles. The assay results revealed six gold prospects with large, disseminated gold potential. Five of these prospects; Bonanza Ridge, Rocky Ridge, Shamrock, Pipe and Wallace are located within a contiguous area of five square miles in the central district. The sixth prospect, Saddle Mountain, covers an area of about one square mile to the northeast.
All six prospects identified in 2005 had numerous assays over 0.5 grams/ton (g/t) gold and multiple returns over 1.0 g/t gold. Highest soil assay reported was 4.21 g/t gold. Highest rock value is 15.1 g/t gold.
Nyac's geometry, geology, and geochemistry are comparable to the intrusive-hosted Fort Knox disseminated gold deposit, although Nyac has not been eroded to the same level as Fort Knox. The aggregate geographic area of Tonogold's six prospects is several times larger than the Fort Knox deposit.
Tonogold Resources, Inc. is a minerals exploration company headquartered in La Jolla, California with gold and silver properties in Alaska and Nevada. Tonogold Resources is the parent company of Mesa Uranium, Inc. 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.
Tonogold Resources, Inc.
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