Tonogold Resources Inc (TNGL)

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The Claudia Property

The Claudia Property, presently covering approximately 6,390 hectares is located 135 kilometres NNW of Durango City, Durango State, Mexico in the El Papanton Mining District, Santiago Papasquiaro Municipality.

The Claudia Property covers a 10 kilometer NW trending belt, of intermediate sulphidation epithermal gold-silver vein systems.This district is in the southern Sierra Madre Occidental physiographic province near the boundary with the Mesa Central physiographic province in north-central Mexico. The Sierra Madre of Mexico contains one of the most extensive volcanic fields in the world (Salas,1975). The Claudia Property is underlain by this sequence. Rocks outcropping in the property area range in age from Cretaceous to early Tertiary. The volcanic sequence has been divided into an Upper Volcanic Group (UVG) and a Lower Volcanic Group (LVG) on the basis of composition and a major unconformity. The LVG is composed mainly of andesite flows and tuffs and associated intrusive bodies. These rocks are exposed in major drainages in the Barranca province and by erosion or faulting in other areas. The UVG rests unconformably on the LVG. In the Claudia Project area the UVG rocks include: 1) subordinate amounts of intermediate, chiefly andesitic rocks, and 2) an upper unit composed mainly of rhyolitic ash-flow.

The principal veins in the system are the Aguilareña, Guadalupana, Santiaguera, and Mark Twain. Other veins include the La Luz and Los Cristos-Santiaguera system. The Tres Reyes, Mina Vieja, Mina de Oro, and La Providencia are names applied to the vein systems along the SSE trend.

MINERALIZED ZONES.

The veins have simple mineralogy with a gangue of chalcedonic, grey and white quartz hosting native gold, electrum, argentite and native silver with minor galena, sphalerite and chalcopyrite.

Alteration is generally weak propylitization involving chlorite, epidote, calcite and pyrite with veins and small areas of argillization or clay development. The CRM (1993) reported 223 samples from the Claudia vein (probably Aguilareña vein N25W/60°NE) grading 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.

http://tonogold.com/en/projects/claudia/

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.

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