Tonogold Resources Inc (TNGL)

[Looking4BIGcash]

From most recent LODE Annual Meeting:

Lucerne Resource Area

We are progressing with exploration and development plans for the Lucerne resource area, with Tonogold Resources, Inc. (“Tonogold”) under a dynamic Option agreement (the “Option Agreement”). Tonogold is leading the engineering, development, drilling and test-work, towards completing a technical and economic feasibility assessment and ultimately, to earn into a joint venture for the future development and mining of mineral resources on the Lucerne Property. Tonogold, after electing to proceed with a $2 million payment in April, 2018, can now earn a 51% interest in the Lucerne Property, by advancing the Lucerne exploration and development activities by making cumulative capital expenditures on the Lucerne Property of $7 million by October 3, 2019, and $20 million by April 3, 2021. Technical reporting updates are planned for 2018. Mr. Mark Ashley attended the Annual Meeting and made himself available during the question and answer session. We very much look forward to continuing this productive collaboration with Tonogold and its updated technical reports on the Lucerne project and, ultimately, more advanced developments leading to economic feasibility.