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Friday, August 24, 2018 9:06:45 AM
Significant developments for #TNGL #Tonogold have arrived.
HIGHLIGHTS of both 43-101's
The Lucerne 43-101
Electing to enter into (and paying Comstock Mining Inc $2 million) phase two of the Comstock JV, whereby Tonogold is earning a 51% interest in the Lucerne Deposit
Ø During the quarter, MDA advanced their verification and validation work in respect of their newly constructed resource model for Lucerne. It is expected that this will be completed, and a formal 43-101 Resource Report issued during the December 2018 quarter.
>>During the quarter, #BehreDolbear were mandated to complete a 43-101
Property of Merit Report by on behalf of Tonogold for the Lucerne Project. Completion of this report is expected
during the current quarter
The Claudia 43-101
During the quarter, MDA were mandated to complete a
Property of Merit Report on the Claudia project which forms part of the Durango assets in Mexico.
Steve Weiss, the Senior Associate Geologist with MDA, who previously held the role of Exploration Manager for Goldcorp Mexico and has an intimate knowledge of the region, completed a 2-day site visit during the June quarter. It is expected that the report will be finalized
during the September quarter.
The 43-101 Property of Merit Reports for both Lucerne and Claudia will be released to the market as soon as they become available and shall also form part of the requirements
for Tonogold seeking a TSXV listing, which we ar
e targeting for later this year.
Hats off to the team at www.Tonogold.com
Disclaimer: Do not ever buy a stock because of my opinions ever because you can lose everything. Nothing I say is ever a recommendation, but just an opinion. Don't Buy, Don't Buy as Cramer would say on CNBC. Do your OWN DD.
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