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Tonogold Resources, Inc (TNGL)

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Last Post: 11/17/2014 4:22:37 PM - Followers: 51 - Board type: Free - Posts Today: 0

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 ->

TNGL Stock Performance:
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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
#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
#2655   Wait they are PROS stand back you rook...ain't maverick one 11/17/14 04:22:37 PM
#2654   6 months is fast approaching and the stock surebob 11/13/14 01:14:30 AM
#2653   I hear there IMO could be a daddys maverick one 11/12/14 07:00:38 PM
#2652   Stand back watch the PROS LOL... maverick one 11/06/14 03:50:26 PM
#2651   one share traded today? surebob 11/04/14 09:19:35 PM
#2650   Your pure speculation glad you put that boiler maverick one 11/03/14 03:18:17 PM
#2649   TNGL Filings/8K joeblow110percent 11/03/14 03:16:23 PM
#2648   I'll recover my $ from RS with my maverick one 10/31/14 05:37:25 PM
#2647   »Due Diligence.................... ComstockRoyalty 10/27/14 10:47:59 PM
#2646   Thought it was a keeper- sometimes you lose maverick one 10/27/14 09:48:08 PM
#2645   So why did you invest in the first surebob 10/27/14 09:43:48 PM
#2644   Yes I am aware of all that and maverick one 10/27/14 09:10:16 PM
#2643   Most of the iron ore in Mexico has surebob 10/27/14 08:43:46 PM
#2642   I'll enjoy shorting this into the Mexican dirt.... maverick one 10/27/14 01:48:28 PM
#2641   Hold your panties Maverick. ComstockRoyalty 10/27/14 01:32:17 PM
#2640   Extracting sulfur from iron ore is a nightmare maverick one 10/27/14 01:31:00 PM
#2639   Really dude where is the filing and funding? maverick one 10/27/14 01:17:09 PM
#2638   Here's my take on things. Freewolf 10/27/14 10:49:30 AM
#2637   My Favorite TNGL Top 10 ... ComstockRoyalty 10/26/14 04:14:08 PM
#2636   TNGL Q&A ComstockRoyalty 10/26/14 04:09:50 PM
#2635   The Chinese have already purchase iron ore from surebob 10/26/14 02:08:14 PM
#2634   HERE' ALL YOU NEED TO KNOW. Freewolf 10/26/14 10:54:35 AM
#2633   I failed to see how you get an surebob 10/26/14 10:47:44 AM
#2632   TNGL will rock!!! They can produce all Freewolf 10/26/14 10:26:27 AM
#2631   So, why aren't they mining and shipping right surebob 10/26/14 08:40:35 AM
#2630   iron ore at 80 dollars a ton is surebob 10/26/14 08:38:06 AM
#2627   #1.........LINK. IGNORE THE BASHERS. THE ENVY IS GROWING FOR ComstockRoyalty 10/26/14 02:01:41 AM
#2626   Major Potential here.... ComstockRoyalty 10/26/14 01:58:14 AM
#2625   Tonogold's claims are located next to a gold surebob 10/26/14 01:19:39 AM
#2624   Mexican gov't still looking for tenders for the surebob 10/26/14 01:16:12 AM
#2623   The drilling results so far indicate that Ponderosa surebob 10/26/14 01:03:25 AM
#2622   The tracks are NOT a few feet away surebob 10/26/14 12:58:01 AM
#2621   Correct me if i'm wrong: surebob 10/26/14 12:55:05 AM
#2620   until then its unproven dirt. surebob 10/26/14 12:43:10 AM
#2619   1,000,000,000 Tons of Iron Ore! joeblow110percent 10/25/14 02:19:05 PM
#2618   Port and Rail Facilities joeblow110percent 10/25/14 02:12:28 PM
#2617   scam in what sense? surebob 10/25/14 11:48:40 AM
#2616   Filings, 8K and Everything U Need to Know joeblow110percent 10/24/14 04:19:07 PM
#2615   Nice bid .111 should be .03... maverick one 10/24/14 03:38:40 PM
#2614   Why in PR they fail to provide timelines maverick one 10/24/14 03:26:00 PM
#2613   No volume huge spread between bid and ask maverick one 10/24/14 03:21:39 PM
#2612   No filing no funding but they ARE ABLE maverick one 10/24/14 03:04:40 PM
#2611   Q&A.. . ComstockRoyalty 10/24/14 11:33:27 AM
#2610   Could this be a scam? maverick one 10/23/14 01:49:08 PM
#2609   Thank you for that... ComstockRoyalty 10/23/14 09:27:07 AM
#2608   You clowns really should know better surebob 10/22/14 11:21:49 PM
#2605  Restored That's pretty much all you are left with...a Cousin IT 10/22/14 05:20:09 PM
#2604   Hasbrouck Drilling Update joeblow110percent 10/22/14 02:36:38 PM
#2603   Thank you JoeBlow100% ComstockRoyalty 10/22/14 10:06:15 AM
#2601  Restored What seems to be obvious here is that Cousin IT 10/22/14 01:58:41 AM