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Alias Born | 05/10/2014 |
Friday, October 17, 2014 6:15:53 PM
We know that there are significant iron ore assets in the mine because it has already produced with three shipments to China in 2013. The Chinese have already purchase iron ore from the Mil-ler mining operation. Saying that it is unproven dirt is ridiculous.
We also know that there are significant iron ore assets in the ground from the preliminary magnetic studies; which are clearly shown in the anomalies that have repeatedly been shown in TNGL press announcement and power points. We also know that there are significant iron ore assets because every mining professional that visits the mine, reports back with endorsements, Gustavo Mazon and Jordon Moelis to name a few.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106946490
See Eddie Sugars endorsement here:
http://www.tonogold.com/s/NewsReleases.asp?ReportID=652171&_Type=News-Releases&_Title=Tonogold-To-Acquire-100-Of-Iron-Ore-Project-Mexico
A detailed drilling program is still essential and is planned to start immediately once the private placement money is in. Three drills working 24/7, 375 holes, over 56,000 meters of drilling on just the largest anomaly, at a cost of 4.5 million with a 9 month completion target date. See page 17 of the Tonogold power point http://www.tonogold.com/i/pdf/AGM-June-23-2014.pdf This is a big drilling program, considering all of those holes are going into just the one large anomaly circled in yellow on page 17 of the above linked power point.
In regards to the iron ore purity, on page 16 of the Tonogold power point it states in part “Expect to increase production, improve quality of product and reduce impurities.” Improving the purity by removing the Sulfur is a simple process that is added in the milling. When TNGL ramps up production they will also improve the quality/purity of the iron ore to a 61% Fe target, as it clearly states on page 16 of the Tonogold power point. http://www.tonogold.com/i/pdf/AGM-June-23-2014.pdf
For more details on Tonogold and their iron ore mine go here: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107284171
My Tonogold Top Ten - October 2014 is being proven correct in real time. As a matter of fact we can now cross of numbers one and two on my Top Ten List. Tonogold is just moving down the list. See for yourself:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106675028
This is my humble opinion and speculation. Please look at my past posts to understand where I am coming from. This is not a recommendation to buy or sell. Do your own DD.
http://investorshub.advfn.com/Tonogold-Resources-Inc-TNGL-4288/
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