| May 06, 2009 Tonogold Resources Announces 1st Quarter Exploration Update for Tonopah Divide | |
| La Jolla, California. May 6, 2009. Tonogold Resources, Inc. (PINK OTC: TNGL) announces the 1st 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 March 31, 2009. Key points of interest are as follows: - Increased the land position by approximately 2,500 acres. - Continued evaluation of the drilling results from last quarter and from predecessors' drill programs. - Prepared geological cross sections based upon the drilling results. - Began creation of a 3D model of the project. - Performed check assays of selected drill hole samples for quality assurance and quality control purposes. Initiated an evaluation of sample preparation procedures and alternatives. - Continued planning for future exploration activities. - An Annual Report including cross sections, maps and discussion is in preparation. 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: Phillip Winter Jeff Janda 858-456-1273 ir@tonogold.com www.tonogold.com | |
You can view the Next News Releases item: Tue May 12, 2009, Tonogold Resources Reduces King Tonopah Land Position You can view the Previous News Releases item: Wed Feb 18, 2009, Tonogold Resources Announces Drilling Results and 4th Quarter Exploration Update for Tonopah Divide You can return to the main News Releases page, or press the Back button on your browser. |
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