Tonogold Resources Inc (TNGL)

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The Good News.....

Forward motion in the neighborhood is always good. Just the facts.

http://www.northernminer.com/news/west-kirkland-brings-new-life-to-hasbrouck-three-hills/1003391735/

https://www.google.com/search?q=west+kirkland+northern+miner&ie=utf-8&oe=utf-8


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Penny Stocks have risk. Its not for babies.

Plenty of DD out there to speculate with.

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Good news for West Kirkland right next door....

West Kirkland picked up a 75% interest in the twin projects in early 2014 from Allied Nevada Gold (TSX: ANV; NYSE-MKT: ANV) for US$30 million in cash, and if all goes according to plan, the company is aiming to break ground on mine development in late 2015. After 30 months there is a clause wherein Allied Nevada could sell the remaining 25% for US$10 million, or form a 75–25 joint venture.

Cruising along Nevada’s Highway 95 — 8 km south of the historic town of Tonopah — it’s easy to understand why Hasbrouck has received so much exploration attention over the past 40 years. The project boasts easy access, nearby power lines, and a fairly sizable occurence of oxidized gold mineralization.

Hasbrouck lies within the Walker Lane structural domain of the Basin and Range physiographic province. Walker Lane’s strike-slip faulting dominates the structural features and trends northwest, with offsets ranging from ten to several-hundred metres. This structural domain includes numerous epithermal precious metal deposits in western Nevada and eastern California.

“The orientation we’re seeing here is reflective of the trend of mineralization we’re seeing in the Hasbrouck deposit,” U.S. exploration manager Richard Histed points out during a tour. “The Walker Lane structural domain plays an important role in the mineral controls. Across the valley you can see nearly 1,000 metres of volcanics, tuffs and water lanes.”

Both Hasbrouck and Three Hills are defined as oxidized, low-sulphidation, epithermal vein systems that are potentially suitable for open-pit, heap-leach mining. Mineralization is at surface and near-surface, so West Kirkland’s project plan anticipates a minimal stripping ratio.

Hasbrouck rises up to cast a shadow over Highway 95 and evidence of historic mining is still present on the rust-coloured hillside. Silver and gold mineralization was first discovered on Hasbrouck Mountain in 1902. Early mining exploited the Kernick vein on a small scale through the mid-1920s.

“The clay minerals are at lower temperatures outside the core of the system. Hot water brings silica into the system and mobilizes gold into the deposit. The key takeaway is that we’re talking about a classic gold deposit type with not very many unknowns. What is a bit unusual is that it sits up on a hill, which is pretty nice from a mining perspective,” president and CEO R. Michael Jones adds.

The only recorded production from Hasbrouck totals 670 tonnes of ore that averaged 19 grams gold per tonne. The early miners completed 2 km of adits and 305 metres of raises.

Drilling at Hasbrouck has been conducted by six companies from 1974 through 2012, and totals 324 holes over 66,800 metres.

West Kirkland boosted Hasbrouck’s resources by 10% shortly after acquiring the project. The deposit now hosts 63.2 million measured and indicated tonnes grading 0.41 gram gold and 8.91 grams silver for 811,000 contained oz. gold and 18 million contained oz. silver. Inferred resources total 53.5 million tonnes of 0.24 gram gold and 6.48 grams silver for 412,000 contained oz. gold and 11 million contained oz. silver.

Walking nearly 100 metres down a drill road at the site, it’s possible to see how the high-grade mineralization at the project outcrops at surface. Jones points out that one of the main mining benefits is that as soon as the company begins blasting it will be right into economic material.

“We’re getting into the high-grade core of the Hasbrouck deposit. You can see the intense zone of silicification and multi-phased brecciation. The system here was long enough lived that you’d have a silicification event to precipitate gold and seal the rock up,” vice-president of exploration Michael Allen explains.

“The system was still going after that so you’d build up enough pressure to shatter the rock again, and allow another round of silica and gold. Surface samples along here run between 1 and 7 grams gold per tonne. And most of this stuff starts at surface, so first bucket you’re into the ore,” he adds.

Chief operating officer Sandy McVey stands on a rocky edge overlooking the proposed Hasbrouck mine site and highlights a potential heap-leach scenario West Kirkland is modelling. He speculates that the mine would run at between 15,000 and 20,000 tonnes per day, with material moved down the hilltop to leach pads below. He labels it a “standard operation” that the company would likely run through mine contractors.

- See more at: http://www.northernminer.com/news/west-kirkland-brings-new-life-to-hasbrouck-three-hills/1003391735/#sthash.XFCywwqh.dpuf