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NEWS OUT Jan 16th, 2018 - TNGL Option 20,000+ Acre (Former Capstone Mining Gold/Silver Property Durango Mexico) -
LA JOLLA, Calif., Jan. 16, 2018 /PRNewswire/ -- TONOGOLD RESOURCES INC. (TNGL) (the "Company" or "Tonogold") is pleased to announce that it has entered into a binding agreement with a private Mexican company, which provides Tonogold an exclusive right (but not obligation) to acquire 100% interest in the Claudia, Promontorio and Montoros gold/silver properties located in Durango, Mexico (the "Projects") for total consideration of $7.3 million in cash. All amounts stated are in U.S. dollars unless otherwise advised.
Principle Agreement Terms
Tonogold has paid $100,000 for an initial 6-month option, which can be extended by 3 additional months at Tonogold's election for a further payment of $1 million prior to the expiry of the initial option period. Both amounts form part of the $7.3 million purchase price in the event the option is exercised.
In December 2004, Capstone Mining Corp. ("Capstone") secured an option over various projects from Grupo Minero Bacis S.A. de C.V. including the three projects that Tonogold now has an option over. In September 2005, Capstone advised, in a news release as follows: "The following table summarizes the historic mineral resources of the projects from the records of Grupo Minero Bacis S.A. de C.V., the optionor of the projects ("Bacis"). These resource estimates have been calculated by Bacis and are reported as historical resource estimates. The Company must verify these resources before current mineral resources can be reported."
Tonogold provides below the resource detail as it relates to the three projects, but in doing so, urges investors to use appropriate caution as Tonogold did not undertake the work necessary to verify the estimates nor their classification. Tonogold is not treating the historical resource estimates (below) as a NI 43-101 defined resource and advises that such historical estimates should not be relied upon. It is included to provide investors an "order of magnitude" potential for the Projects.
Historic Resource Estimate
Mark Ashley, Chief Executive Officer of Tonogold Resources, stated "As was in the case of the Lucerne Mine, the identification of this opportunity and the formalization of the present agreement are the result of a number of years of diligent review of numerous opportunities that we had identified in the sector and the subsequent formation of sound commercial strategies aimed at securing control of opportunities that have the potential to become significant and financially robust projects in the near future."
The Projects
Claudia
Claudia covers approximately 6,390 hectares and is located 135 kilometres NNW of Durango City, Durango State, Mexico in the El Papanton Mining District, Santiago Papasquiaro Municipality. The property covers a 10-kilometer hosting NNW trend of WSW and ENE dipping intermediate sulphidation gold-silver vein systems.
"Alteration is generally weak propylitization involving chlorite, epidote, calcite and pyrite with veins and small areas of argillization or clay development. Previous sampling (1993) from the Claudia vein reported grades of 4.7 g/t Au and 590 g/t Ag over 1.30 metres; 45 samples from the Mark Twain (N35W/85°NE) grading 5.9 g/t Au and 499 g/t Ag over 1.55 metres; 62 samples from the Guadalupana vein (N35W/65°SW) grading 5.2 g/t Au and 75 g/t Ag over 3.8 metres; 30 samples from the Mina Vieja (N40W/85°SW) grading 7.3 g/t Au and 379 g/t Ag over 1.56 metres; and 45 samples from the Providencia (N55W/80°SW). All the veins were hosted by andesite." 1
Promontorio ---> 3500 Gram/Ton Silver + 20G/T Gold
The Promontorio Property is regarded as an advanced exploration stage project with a small production history. The Property consists of 33 concessions which cover approximately 2,188 hectares in the El Oro Municipality, Promontorio district in Durango State, Mexico. The property covers several gold-silver bearing veins with the main Promontorio and Pericos veins reported to have produced ~250,000 tonnes of 3,500 g/t silver and 20 g/t gold during the 1930's. The narrow, high-grade veins have been traced for more than 2 kilometres but previous exploration has mainly been conducted in a small area of the project.
Stage set:
$20 Million Comstock Mining JV Deal
+
$7 Million for Durango Gold & Silver
(Former Capstone Mining)
What's nex??? Good Luck!
https://finance.yahoo.com/news/tonogold-resources-enters-option-agreement-170100165.html
Tonogold $TNGL - Last PR Oct 5th 2017 -
Oct. 5, 2017 /PRNewswire/ -- Tonogold Resources Inc (OTC:TNGL) (the "Company' or "Tonogold") is pleased to announce that it has entered into a binding agreement with Comstock Mining Inc. (NYSE American: LODE) ("Comstock"), which amongst other things, provides Tonogold an exclusive right to earn a 51% controlling interest in 1,162 acres of mining claims in the highly prospective Comstock Lode region in Virginia City, Nevada, which includes the Lucerne Deposit, located in the Storey and Lyon Counties, as listed in Schedule 2 (the "Lucerne Properties") and depicted in the map provided in Schedule 1.
PRINCIPLE AGREEMENT TERMS
Tonogold has paid Comstock $200,000 for an initial 6-month option, which can be extended at Tonogold's election for a further payment of $2 million prior to the expiry of the initial option period.
For Tonogold to earn a 51% controlling interest it will be required to invest $20 million over the next 42-months on work programs developed and managed by Tonogold, on the Lucerne Properties; the objective being to produce a commercially and technically robust mine plan and feasibility study to enable profitable mining on the properties to commence. It should be noted, that the $20 million expenditure threshold is not a commitment, but a requirement to earn the 51% interest in the Lucerne Properties.
https://www.prnewswire.com/news-releases/tonogold-announces-strategic-gold-joint-venture-300531792.html
LODE Credibility. Simple math.
DD: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135310432
Seriously? You should focus on LODE DD:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135310432
Pathetic losers that cannot do anything on their own and cannot wait to put their name on the work of others. Too funny.
You do know that the agreement - which TNGL has not even committed to - is for a FRACTION of the holdings you were pointing to, right?
TNGL Peeps should loot at these PICS!!!! I just wanns see the Tonogold sign put on this stuff as soon as possible.
https://investorshub.advfn.com/Comstock-Mining-Inc-LODE-4007/
pfft! https://globenewswire.com/news-release/2017/10/05/1141396/0/en/Comstock-Mining-Announces-Strategic-Mining-Joint-Venture-Tonogold-Plans-20-million-Investment-for-Lucerne-Mine-Development.html
Yay! .22 gonna disappear soon!
YIPPEEE
Stand By KIDDIE$$ - SILVER & Gold BREAKS OUT SOON
Will the $20 Million Dollar Silver GoldJV Fly? You may be right with your stock PPS prediction
Comstock Mining Announces Strategic Mining Joint Venture Tonogold Plans $20 million Investment for Lucerne Mine Development
GlobeNewswire - Thu Oct 5, 7:30AM CDT
Comstock Mining Inc. (the "Company" or "Comstock") (NYSE American:LODE) announced today that it has entered into an Option Agreement (the "Agreement') for a mining joint venture on the permitted, Lucerne Mine Project (the "Lucerne"), with Tonogold Resources, Inc. ("Tonogold") (OTCMKTS:TNGL).
Strategic Option and Joint Venture Highlights
? Accelerates drilling and development activities of $1 million in the first six months;
Comstock Mining Announces Strategic Mining Joint Venture Tonogold Plans $20 million Investment for Lucerne Mine Development
GlobeNewswire - Thu Oct 5, 7:30AM CDT
Comstock Mining Inc. (the "Company" or "Comstock") (NYSE American:LODE) announced today that it has entered into an Option Agreement (the "Agreement') for a mining joint venture on the permitted, Lucerne Mine Project (the "Lucerne"), with Tonogold Resources, Inc. ("Tonogold") (OTCMKTS:TNGL).
Strategic Option and Joint Venture Highlights
? Accelerates drilling and development activities of $1 million in the first six months;
https://www.barchart.com/stocks/quotes/TNGL/news
LODE Bagholders are gonna regret not doubling down at TNGL....
Patience wins big here in 2018.
https://www.barchart.com/stocks/quotes/TNGL
=)
$1300 Stealth Gold $17 Silver Needed ??Technical Momentum - KITCO
Following the largest short covering in history is a Stealth Silver & Gold Rally.
Cryptocurrency and Bitcoin own the limelight, but Silver is now cleared to move.
Strong spot metals prices combined with Real News at TNGL would be very bullish.
No shorts on Silver and TNGL news?? This stealth rally & stock could catch a lot of potential investors off guard.
Watching for $17 Silver and $1300 Gold.
Key resistance and a perfect foundation for more news. Should be no surprise if insiders jump in around these levels with the right developments.
GOOD LUCK!
http://www.kitco.com/news/2017-12-20/Gold-Silver-Prices-Hit-2-Week-Highs-On-Technical-Momentum.html
Largest Short Covering in Silver History. This is Very Bullish IMO for TNGL.
All we need is some real news here and a boatload of developments that continue.
Read it.,
https://www.sprottmoney.com/Blog/fridays-cot-report-a-wtf-moment-for-the-ages-ed-steer.html
TNGL remains Bullish & Very Bullish at StockTA. ??http://www.stockta.com/cgi-bin/analysis.pl?symb=TNGL&cobrand=&mode=stock
Ever play connect the dots? Its fun. Its simple. Kids love it!!!
.40 Cents Target Price<<->>COMING at TNGL ;)~
Lode will go bankrupt and just roll into TNGL for way less than announced. That is my take. Then gold will pop up to $1600 in 2018 and the TNGL story goes viral. Yeah? Yes.
https://www.barchart.com/stocks/quotes/TNGL/cheat-sheet
i'm in at 6 cents man :D
$TNGL private party. The calm before the crowd shows up. I added today.... Yupp I sure did.
.40 .50 Is not that far off and completely off the radar to accumulate more. =) Big players here. Get on the dance floor.
I cannot believe of all the trash penny stocks that nobody is here talking about this one.
NOBODY.
got in at .08, now sitting at .25. Why don't you want this?!?! haha
Silver Doctors - Gold A Screaming Buy Ready to Blast Off.
https://www.silverdoctors.com/gold/gold-news/precious-metals-blast-off-could-happen-within-the-next-few-days-chris-vermeulen/
If you’ve followed our analysis long enough, you’ll understand that we have been bullish yet cautious of this market move. Our research team at ActiveTradingPartners.com has been warning our members of the potential for a volatile and possibly viscous retracement in the US majors for weeks. We understand that capital, as a source that requires ROI and degrees of certainty, is moving into US equities at an incredible pace and that the last 8+ months fantastic moves in the US markets are related to expectations of greater economic activities related to President Trump and new policies. Yet, we also understand that the markets just don’t up straight up forever and that capital, once risk is evident, will find other sources of ROI should the globe or the US become more volatile. Hence, our position that “Risk” is relatively high at the moment for any unexpected retracements.
Our research team has been focused on primarily four components of the market with regards to factoring in Risk. Before we get into what these four components are and why we are paying close attention to them, lets take a few minutes to understand the “setup” and what we believe will be the result.
The “Setup” is that bullish trending should likely continue in the US Majors until something dramatic and unexpected derails this move. Volatile retracements in the range of 2~4% should not be unexpected. Any move like we’ve seen over the past 8 months where price enters a nearly parabolic uptrend should restore some normalcy with moderate price retracements. This is the nature of price – it rotates attempting to identify key support and resistance levels. Global capital is rushing into the US markets as other markets languish and the new Trump presidency offers a glimmering opportunity for capital to gain ROI within the US. This is why, we believe, the US markets have moved so strongly over the past 8+ months.
http://www.kitco.com/news/2017-11-06/Gold-Is-A-Screaming-Buy-Analyst.html
it was at 100 for awhile.. gotten worse
Nov 11, 2017 TNGL Barchart Opinion: 80% Strong Buy - SOLID
TNGL has remained solid in 2017 on Barchart.
https://www.barchart.com/stocks/quotes/TNGL
New www.Tonogold.com Website Coming, .20 Cent$ & NEW 52 Wk High$ Coming.
Bookmark and Good Luck!
https://twitter.com/comstockroyalty
Trump gonna BUY TON OF GOLD?? Never know with his buddy Moelis are gonna do. Could be the big Lebowski if these fellas can schwing it.
DAMNNNNNNNNNNNN
Would very much appreciate Saudi Arabia doing their IPO of Aramco with the New York Stock Exchange. Important to the United States!
— Donald J. Trump (@realDonaldTrump) November 4, 2017
Going to .25 .35 and .56 cents!
That is my take based on this ALONE!
Wow! What a Big Golden surprise at TNGL!
I thought these guys were going to put their iron ore mine back into production. Instead they got a killer deal in the LODE / Comstock Mining gold production deal. What awesome terms. On the surface it looks like TNGL, with such a small float is heading to $1.25 PPS. These billionaire investors are not going to rest. My money is betting there is more to come with the Tonogold story.
Tonogold Appoints Mr. Jordan Moelis and Mr. Gustavo Mazon to Board of Directors https://www.otcmarkets.com/stock/TNGL/news/Tonogold-Appoints-Mr--Jordan-Moelis-and-Mr--Gustavo-Mazon-to-Board-of-Directors?id=88917&b=y
Your Due Diligence starts here:
http://investorshub.advfn.com/Tonogold-Resources-Inc-TNGL-4288/
This is my humble opinion and speculation. This is not a recommendation to buy or sell. Please do your own Due Diligence.
#Tonogold #TNGL #IronOre #GoldMining #JuniorMinors #IronOreMining #SilverMining #Gold #Silver #Sonora #Mexico #MexicoMining #MexicanIronOre #CanamexCorridor #DeepFieldOpportunitiesFund #JordonMoelis #Moelis #DFOF # GustavoMazon #Mazon #LODE #ComstockMining
#EddieSugar #EASadvisors #WestKirklandMining #WKLDF #WKM #Hasbrouck #ThreeHills #TonopahDivide #KingTonopah #MarkAshley #TravisMiller #GustavoMazon #JordonMoelis #ComstockRoyalty
Holy SHIZZZ I am up over 300%% here. WELL WELL GOLD GOLD GOLD SILVER SILVER. Lets make some MONEY ))))))
https://www.barchart.com/stocks/quotes/TNGL
Took a chance here and forgot I owned it. Never set my alerts and here I am up over 300% $$$$$$$$$$$
Thanks Joe Blow.
TNGL and Iron Ore Mining
TNGL Iron Ore https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135501606
TNGL Iron Ore https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135501606
This is my humble opinion and speculation. This is not a recommendation to buy or sell. Please do your own Due Diligence.
What is the story on the iron property? Do they still have it? If so why have they not restarted production since iron prices are now higher and have been so for a while?
ooooohh
so ominous
You will figure it out in due time. Good luck
why is it whenever a 100 shares are traded there's usually a post like yours saying manipulation or pre pumping or something? what is it about 100?
mexico is importing iron ore and yet we hear nothing about this "world class" property. This project would take hundreds of millions in cap ex to upgrade the ore to 65% ( assuming it can be done) along with figuring out "mexico" problem of removing the high sulphur.
Lol, someone trying to prime the pump +43.56% gain here with a 100 share trade?
So, the iron ore mine is dead?
Yes, it is a tough sector even for a well funded company which neither LODE or TNGL are. The dilution to either company for enough cash to develop the property would deem the stock near worthless even if they were able to build a successful mine.
Lets see where things go. Agree on the loss producer at LODE. Time will tell. This is a tough sector as you know. Thanks.
I rely on many forms of DD, and this position is bad news. I see absolutely no redeeming factors. Looks like the typical pink sheet scam to me. Feel free to point out any redeeming factors you think you see. Also if that is true that he left Apex earlier, not the first time I have seen a pinkey CEO hang a fall guy. Quite common. Run a company into the ground on the verge of collapse and then conveniently leave with it in a mess.
Quite common in the pinkey market. Smart people leave that market to the flippers and scammers.
Apex went into administration in June 2013 under the leadership of Ed Eshuys - not in 2012. Ashley left Apex and was living in the USA in April 2012 - over a year earlier. Suggest you don’t merely rely on one newspaper article”
http://www.theaustralian.com.au/business/mining-energy/junior-gold-produce-apex-slips-into-administration/news-story/3b8a1553852c130b0ab932874c0363d2
Do a little research on the following company that this CEO ran,
Ashley’s appointment marks his return to the ASX scene after the collapse of Apex Minerals in 2012. He’s now based in California and is the CEO of TSX-listed Tonogold Resources, which is also exploring in Nevada.
http://www.miningnews.net/markets/ipos/another-lithium-player-joins-the-asx/
NO< That WAS a gold producer, at a big LOSS on every ounce produced. TNGL is bighting off more than they can chew if the deal even gets done. I dont care though. I dont own either
Lol, you have got to be kidding. Have you looked at their (TNGL) financials. They are pitiful. This soo called rally very low volume.
This looks like a classic pump and dump for TNGL. Would not surprise me if the deal is never consummated. Combining LODE with TNGL would be a very bad joke on shareholders of both companies.
NEW 52 WK HIGH - YTD UP 520% .20 &.26 Cents Coming IMO
https://www.barchart.com/stocks/quotes/TNGL/performance
Mark Ashley leads the way.
Look again: the agreement provide Tonogold with:
An option over Comstock’s heap leach facilities (including the crushing, stacking, Merrill Crowe plant, gold recovery facilities, the American Flats mineral claims (totaling 1,013 acres – see map in Schedule 1), and other related infrastructure, plant and equipment
This is a ((GOLD PRODUCER)) Do your DD. This stock is virtually off the radar. The big moves come when the investment media find this story.
The real moves have not even begun yet. There is a creeping stealth rally going on in spot gold and at TNGL.GOOD LUCK!
http://www.tonogold.com/s/NewsReleases.asp?ReportID=804732&_Type=News-Releases&_Title=Tonogold-Announces-Strategic-Gold-Joint-Venture
TNGL Iron Ore
January 08, 2015
Tonogold -- Strategy Update
http://www.tonogold.com/s/NewsReleases.asp?ReportID=690478&_Type=News-Releases&_Title=Tonogold-Strategy-Update
“Background”
“Since completing the acquisition of Mil-Ler, the owner of the NevMex Iron Ore project in Mexico, Tonogold has been developing and formulating various strategies in light of the current weak environment for iron ore. The NevMex project has remained on care-and-maintenance during this period, at minimal holding cost and in doing so we are not suffering from operating losses being incurred by other producers as a result of the low iron ore price….”
“Tonogold's strategy has been reviewed and it has been decided that delaying re-commencement of production, until we see signs of a price correction and/or confirmation of our ability to produce a higher quality product with increased margins, would be in the best interests of the Company.”
“We strongly believe that the current low iron ore price is not sustainable in the long run and that at a long-term sustainable price the NevMex project would generate positive net margins of at least $10/t, which exclude the benefit of any project optimization initiatives that we believe, can be achieved.”
“Optimization strategies”
“We are currently assessing a number of project optimization strategies including those that could provide significant benefits from milling and wet magnetic separation. In this regard, we have recently conducted, through an independent laboratory in Hermosillo, initial test-work on the 58% Fe product previously produced from the NevMex project. This test-work highlighted that by grinding the product to around 150 microns followed by wet magnetic separation, ~96% of the iron could be successfully recovered within 82% of the mass, resulting in a high-grade product containing +68% Fe being achieved. The current price for a 68% Fe product is around $90/t1 (i.e. $30/t higher than for a 58% Fe product).”
“Additional test-work is now planned to include further grind size/recovery optimization work as well as sulfur reduction with the objective of eliminating the sulfur penalty previously imposed. In addition, we have identified and are assessing various commercial opportunities (both organically and externally) that would enable us to produce a high-grade premium product in the medium-term.”
“Site Activities”
“Site activities have recently re-commenced whereby we are mining approximately 250,000 cubic meters of overburden (waste), over an expected 9-month period, crushing the material and selling the product as road base under contract with a local road contractor. The net proceeds from the sale of the road base will more than cover all site costs over this period, resulting in a zero-cost waste removal program and, at the same time, expose more of the ore body in advance of a subsequent production decision….”
Your Due Diligence starts here:
http://investorshub.advfn.com/Tonogold-Resources-Inc-TNGL-4288/
This is my humble opinion and speculation. This is not a recommendation to buy or sell. Please do your own Due Diligence.
#Tonogold #TNGL #IronOre #GoldMining #JuniorMinors #IronOreMining #SilverMining #Gold #Silver #Sonora #Mexico #MexicoMining #MexicanIronOre #CanamexCorridor #DeepFieldOpportunitiesFund #JordonMoelis #Moelis #DFOF # GustavoMazon #Mazon
#EddieSugar #EASadvisors #WestKirklandMining #WKLDF #WKM #Hasbrouck #ThreeHills #TonopahDivide #KingTonopah #MarkAshley #TravisMiller #GustavoMazon #JordonMoelis #ComstockRoyalty
what happened to the world class iron ore property in Mexico?
The Coming Gold Bull Market @ TNGL
"When #Faith In #CentralBanks Crack." - Michael Pento You need 2 own #gold #silver #palladium & #miningstocks 2 protect yourself by 07/2018 pic.twitter.com/tFe4ICedSZ
— RTD💸 (@RethinkinDollar) October 12, 2017
$ Tonogold has secured commitments of $1 million of subscriptions from a small group of investors, in respect of the Company’s five (5) cent convertible loan note, which together with the cash on hand at June ($352,000) provide the Company with the financial resources required for the initial 6-month program. LINK http://www.tonogold.com/s/NewsReleases.asp?ReportID=804732&_Type=News-Releases&_Title=Tonogold-Announces-Strategic-Gold-Joint-Venture
CEO Mark Ashley has the option, the asset, the plan, the cash and most importantly the experience to get the job done.
He has done it before at Lion Ore https://stg-pa01pub.cnbc.com/id/18813361
Good Luck!
100,000 Ounces of Gold Per Year Target by TNGL
Annual production in excess of 100,000 ounces of gold per year with cash costs of ~$750/ounce. The work program for the initial 6-month period is expected to include:
Detailed Independent review of the Lucerne Resource
Possible infill drilling within the Lucerne Resource
As part of the initial review, there will be a focus on identifying high-grade zones within the overall Lucerne Resource to establish a better understanding on the structural controls and to help determine down-dip potential for subsequent drilling.
Assessment of the various known high-grade underground opportunities such as Succor, PQ, Woodville, etc. and to consider drilling programs to gain a better understanding of their potential.
LUCERNE RESOURCE to TNGL RESERVE?
The Official Resource for the Lucerne deposit as reported by Comstock will, as part of the initial work program, be re-estimated by Tonogold's technical consultants (Mine Development Associates (“MDA”), Reno) with an initial focus on that part of the Resource that is likely to be converted into a ??Reserve. ??
Gold Reserve Status at TNGL? A Reserve is Not A Resource.
This is BIG. Do your diligence here.
The Official Resource for the Lucerne deposit as reported by Comstock will, as part of the initial work program, be re-estimated by Tonogold's technical consultants (Mine Development Associates (“MDA”), Reno) with an initial focus on that part of the Resource that is likely to be converted into a Reserve.
Mine Development Associates. MDA. You need to do your Due Diligence here and bookmark this page. MDA is a world class outfit and they do excellent work. Please bookmark and share. http://www.mda.com/Projects.aspx
Reserve Status at TNGL? Stand by for that..
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