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Tonogold Resources, Inc (TNGL)

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Last Post: 9/18/2014 9:16:13 AM - Followers: 53 - Board type: Free - Posts Today: 3

TNGL Due Diligence Starts Here: >

TNGL PowerPoint June 2014: >

May 2013 - Tonogold is now led by Aussie Mark Ashley of Lion Ore Fame
October 2013 - CEO Mark Ashley Inspects 108,000 acre producing iron ore prospect in Sonora Mexico
February 2014 - Aussie & Twiggy Backer Eddie Sugar of Fortescue Metals Fame Joins Mark Ashley at Tonogold
June  2014 -Tonogold Acquires 100% of the 108,000 acre Producing Iron Ore Mine

LINK:   >
LA JOLLA, Calif., May 8, 2014 (GLOBE NEWSWIRE) -- Tonogold Resources Inc. (TNGL) (the "Company") is pleased to announce it has agreed terms with the owners of Mil-ler Resources and Energy SA de CV ("Mil-ler"), owner of the Nevmex producing iron ore project located near Hermosillo, Sonora in Mexico, to merge the companies in a non-cash transaction as an alternative to the previous arrangements.


Mr. Ashley, Tonogold's CEO stated "The extremely professional and positive discussions between Tonogold and Mil-ler over the past months has provided increased confidence from both sides of the significant benefits that will result in consolidating 100% of this asset into Tonogold immediately. EAS's extremely professional and diligent assessment of Tonogold and the project being acquired, coupled with their understanding of the US capital markets, particularly in the natural resource sector, has been invaluable and the revised structure, I believe, establishes an extremely sound foundation for Tonogold and paves the way for substantial growth with significant and real shareholder returns in the future.

I am extremely happy with the relationship that has developed between Tonogold and the management and owners of Mil-ler and particularly look forward to working with Travis Miller and his team to build Tonogold into a significant and highly profitable iron ore producer."

Mr. Miller said "I am very excited to become an integral part of Tonogold. I believe that the synergies of our asset base and management team together with the experience and track record of Tonogold's management in building substantial growth though fundamentally driven objectives and strategies in the resource sector will ensure that the full potential of our iron ore project will be realized in a professional and timely manner for the benefit of all shareholders."

Mr. Eddie Sugar (the principle of EAS) said, "Although we were initially skeptical about the investment given the recent publicity in Mexico regarding iron ore, we were very pleasantly surprised to subsequently find a situation almost completely opposite of what we expected. Not only are the Mil-ler and Tonogold teams extremely professional and experienced, our understanding of Mexican iron ore and our skepticism were completely unfounded.

Eddie Sugar raised $200 Million to Start Fortescue Metals Group FMG:

4th Largest Iron Ore Producer Fortescue Metals Group Video:

Edddie Sugar Quotes:

We found the state of Sonora to be an extremely friendly place for mining and the supporting infrastructure to be of great quality, which even producers and developers in Australia and America would envy. We are very excited to be part of Tonogold's future and believe they are well on their way to creating a considerable business with a combination of characteristics that are rare in iron ore; strong cash flow generation off of a very small capital expenditure base with the added benefit of very significant production growth potential."

Tonogold Makes Major Announcement adds well respected mining executive Mark Ashley

Tonogold Resources, Inc. (OTC: TNGL) is pleased to announce that it has entered into an agreement with well-respected and highly successful mining executive, Mark Ashley. Under the terms of the Agreement, Mr. Ashley has agreed to assume the role of CEO of the Company following the completion of a capital raising.

Mr. Ashley has spent over 30 years as a senior executive with a number of successful listed mining and exploration companies, with the past 20 years based in Western Australia.

Mr. Ashley held the role of CEO of Canadian listed LionOre Mining International Ltd, a company that was transformed from being a dormant company to becoming one of the world's largest nickel producers in less than 10 years. LionOre was acquired by Russian entity Norilsk in a $6 billion cash takeover bid between it and Xtrata.

CNBC Link to LionOre Sale to Norilsk Nickel for $6.2 Billion: 
LionOre: From .40 Cents to $7.00 then on to $27.50

Mark Ashley quotes in April 3rd, Press Release:

"...................the company's land holding in Nevada was both significant and highly prospective to host a commercial gold operation."

Mr. Ashley further commented that his focus in the coming months was to consolidate the Company's significant technical data base and to assess further consolidating opportunities in the region with an objective of securing a senior resource group to partner with Tonogold and expand on the work of Tonogold's previous partner.

Mr. Ashley commented that Tonogold had established an advantageous land position in a region where significant international gold producers were active and close to existing and significant gold producers. Mr. Ashley said that he expected that the introduction of new cornerstone investors as part of the proposed capital raising will add further strength and stability to the company on its quest for growth.   

Significant International Gold Producers in and around Tonopah Nevada
Allied Nevada ANV: Stock Quote:

Allied Nevada's 3000 Acre Hasbrouck Gold & Silver Project 
A 1.2 Million Oz Gold and 29 Million Oz Silver Next Doot to the 6700 Acre Tonogold Project

Round Mountain Gold Mine - Nevada
The Round Mountain Gold Mine is a 50-50 joint venture between Barrick Gold and Kinross Gold, with Kinross as the operator.
The mine is 55 miles (89 km) north of the town of Tonopah,


* 100% Controlled by Tonogold
* Centerra completed 3 drill programs
* 75,000 feet of drilling now completed
* 61 patented claims
* 306 unpatented claims
* Tonopah Nevada a mining friendly jurisdiction with significant international producers in the area
* District heavily consolidated by Tonopah Divide Mining Company prior to our lease

Regional Highlights for Tonogold Gold & Silver Project

The Walker Lane Trend hosts some of the most famous gold and silver deposits in Nevada and California. These include the Comstock, Central Tonopah, Goldfield and Round Mountain districts. The Walker Lane Trend runs NNW-SSE along the California Nevada border and has produced more than 35 million gold equivalent ounces. Round Mountain, 50 miles to the north of Tonopah Divide, continues to be one of the largest producing mines in Nevada.

Gold & Silver Project:   6700 Acre Gold & Silver Project:


Tonogold News Releases:

Aussie Lands at Tonogold:  A successful seasoned Australian mining executive who has a proven world class record of success in the mining sector who has taken a stock from .07 cents to $27.50 which was then sold to the worlds largest Nickel Producer Norilsk Nickel. Mark Ashley travels half away around the world seeking opportunity and lands on this little penny stock that happens to be sitting on 6700 acres of prime gold and silver acreage in an area surrounded by producers like Allied Nevada, Barrick Gold, Franco-Nevada, Royal Gold, and Kinross.  Now add the NEW producing 108,000 acre NevMex Iron Ore Project and fellow Aussie legend Eddie Sugar and TNGL could one of the greatest stories in mining that is just beginning to unfold.

Feb 2014: Another Aussie Lands at Tonogold
Eddie Sugar saw the prospect and knew right away with leadership from fellow Aussie Mark Ashley that the prospect of success was here.
Wall Street Journal:

June 2014 * Approved Corporate PowerPoint from the TNGL Shareholders Meeting:

June 2014 News * 100% Acquisition of the 108,000 Producing Iron Ore Mine in Sonora Mexico

Due Diligence For Your Average Joe Blow Starts Here ->

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Current Price
Bid Ask Day's Range
TNGL News: Tonogold Announces Results of Annual Shareholder Meeting 06/26/2014 10:10:33 AM
TNGL News: Small Company Offering and Sale of Securities Without Registration (d) 05/19/2014 06:02:07 AM
TNGL News: Tonogold to Acquire 100% of Iron Ore Project, Mexico 05/08/2014 04:35:20 PM
#2265  Sticky Note To Mark Ashley's credit - Stock went from ComstockRoyalty 07/21/14 02:52:12 PM
#2179  Sticky Note Top 5 predictions for $5 a share, all joeblow110percent 07/04/14 12:37:37 AM
#2522   Thanks for the great info!!!! wampum611 09/18/14 09:16:13 AM
#2521   Thanks for the great info!!!! wampum611 09/18/14 09:16:12 AM
#2520   Tonogold Is About To Go Kabong!!! joeblow110percent 09/18/14 09:05:31 AM
#2519   Any news on the funding for the Iron wampum611 09/17/14 02:33:08 PM
#2518   China Advances Gold Exchange Launch joeblow110percent 09/17/14 11:44:34 AM
#2517   Gold Exploration Trends joeblow110percent 09/16/14 10:52:29 AM
#2516   Well Said! petunia1 09/15/14 10:14:44 PM
#2515   Iron Ore Price in Stunning Turnaround!!! joeblow110percent 09/15/14 04:40:03 PM
#2514   US Gold Production Continued Its Decline in May joeblow110percent 09/15/14 04:38:36 PM
#2513   STUNNING IRON ORE TURNAROUND ComstockRoyalty 09/15/14 02:30:06 PM
#2512   Goldcorp: “We Have Hit PEAK Gold” joeblow110percent 09/15/14 11:44:41 AM
#2511   With iron ore prices so low and prospects surebob 09/13/14 09:02:41 AM
#2510   IMO this deal is struggling could even be over... maverick one 09/12/14 04:45:14 PM
#2509   If you want gold- just buy abandoned mine maverick one 09/09/14 05:57:31 PM
#2508   This Is Where TNGL Is Going: joeblow110percent 09/08/14 12:23:32 PM
#2507   WHAT IS NEXT FOR TNGL???? wampum611 09/08/14 11:54:14 AM
#2506   Truth About Where Gold is Headed joeblow110percent 09/07/14 09:16:28 PM
#2505   Central Banker Declares “Gold Is The Only Safe joeblow110percent 09/06/14 08:59:24 PM
#2504   Those drill results and with todays gold prices, surebob 09/06/14 07:23:53 PM
#2503   I have thought this all the time. It wampum611 09/05/14 10:26:46 PM
#2502   Tonopah Divide Summary: joeblow110percent 09/05/14 09:57:27 PM
#2501   Ask/Bid Spread - Market Maker ComstockRoyalty 09/05/14 05:19:59 PM
#2500   Maveric one is correct! joeblow110percent 09/04/14 05:53:43 PM
#2499   Filing funding where is it? Call in mythbusters maverick one 09/04/14 12:15:11 PM
#2498   I hold this- but skeptical and really not maverick one 09/03/14 01:42:20 PM
#2497   Does Mexico celebrate Labor Day today? wampum611 09/01/14 10:52:07 AM
#2496   To much non-related spamming on this board by maverick one 08/31/14 05:19:08 PM
#2495   Rick Rule: A Briefing on Private Placements joeblow110percent 08/30/14 04:24:22 PM
#2494   Reuters reported that China's iron ore futures slumped surebob 08/30/14 09:57:22 AM
#2493   How? I assume by losing money on every surebob 08/28/14 04:34:53 PM
#2492   Tonogold about to Knock It Out Of The Park!!! joeblow110percent 08/27/14 07:25:10 PM
#2491   Gold Going to $5,000 Per Ounce joeblow110percent 08/27/14 07:18:34 PM
#2490   The Coming Silver Shortage joeblow110percent 08/27/14 07:17:10 PM
#2489   Gold Production to Drop By 50%; joeblow110percent 08/27/14 07:15:01 PM
#2488   Drastic Fall in New Gold Discoveries joeblow110percent 08/27/14 07:13:16 PM
#2487   I saw that as well- how does this maverick one 08/27/14 05:07:19 PM
#2486   Kia Will Spend More Than $1 Billion on joeblow110percent 08/27/14 04:55:30 PM
#2485   Glaciers and Investing in Mining Companies! joeblow110percent 08/27/14 03:49:23 AM
#2484   Analyst Believe IO Spot Could Average $126 Per joeblow110percent 08/26/14 05:12:32 PM
#2483   Australian Iron Ore Mining Profile joeblow110percent 08/26/14 05:08:10 PM
#2482   BHPB tips iron ore price below USD 100 surebob 08/26/14 05:05:14 PM
#2481   End of boom? Not for Australia's iron ore miners joeblow110percent 08/26/14 12:55:44 PM
#2480   Iron Ore Export Growth lifts Arrium Profit 83% joeblow110percent 08/26/14 12:54:26 PM
#2479   Mexican Mining Report 2013 joeblow110percent 08/26/14 12:52:39 PM
#2478   It's amateur hour trying to convince others looks like... maverick one 08/25/14 04:16:55 PM
#2477   ant news on tngk? wampum611 08/25/14 03:53:50 PM
#2476   “Mexico, An Attractive Market for Iron Ore and joeblow110percent 08/25/14 02:29:07 PM
#2475   Fortescues Profits Nearly Quadruple on Output Gains joeblow110percent 08/25/14 02:28:05 PM
#2474   Miner Grupo Mexico Q2 profit rises 74% to $509m joeblow110percent 08/25/14 02:26:57 PM
#2473   Mexico Cracks Down on Cartels: joeblow110percent 08/25/14 02:21:33 PM