SOURCE: Tonogold Resources, Inc.

September 15, 2005 13:58 ET

Tonogold Resources, Inc. Announces Additional Results From Surface Sampling at Nyac Gold Project in Alaska

LA JOLLA, CA -- (MARKET WIRE) -- September 15, 2005 -- Tonogold Resources, Inc. (OTC: TNGL) is pleased to announce further assay results from its summer surface sampling program at the Nyac Gold Project in southwestern Alaska. The latest results represent fill-in sampling done in previously identified prospect areas.

The total acreage of the Nyac Project is 57,600 acres and the work during the 2005 season covers approximately 7,500 acres. The scope of work has been limited to surface sampling and mapping. The work was performed by company geologists and geologists and samplers employed by Calista Corporation. Tonogold holds an Exploration and Mining Lease for Nyac with Calista Corporation, the second largest native corporation in Alaska with land entitlements of more than 6.5 million acres.

High values within the latest 155 soil assays received from the ALS Chemex were 2.46 ppm Au, 3.0 ppm Au, and 4.2 ppm Au, along with four other samples between 1.0 ppm Au and 1.8 ppm Au and ten additional samples between 0.5 ppm Au and 1.0 ppm Au. The highest assay received (4.2 ppm Au) from these latest 155 samples was 62% higher than the previous high soil value of 2.4 ppm Au from the first 1,916 soil assays obtained in August 2005. (Note: 1 ppm = 1 gram / metric ton = .0292 ounces / short ton)

Management believes that these newest geochemical returns confirm the evidently large, low grade, disseminated gold potential of Bonanza Ridge, in addition to the apparent width and the higher grades along the east-west structure at Shamrock Head. These encouraging soil results at Bonanza Ridge and Shamrock Head confirm that these two large areas, each more than a kilometer square, could have gold mineralization similar to the Fort Knox deposit near Fairbanks, Alaska. Tonogold is awaiting results of fill-in sampling on three other Nyac prospects within the month.

An Interim Report on Nyac Geochemical Data is available on our website which contains maps with sample point locations and values. See http://www.tonogold.com/news.shtml.

Tonogold Resources, Inc. is a minerals exploration company with corporate headquarters in La Jolla, California, with gold and silver properties in Alaska and Nevada. Tonogold Resources is the parent company of Mesa Uranium, Inc. For more information on the Company visit their website www.tonogold.com.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

This press release contains certain forward-looking information about Tonogold Resources, Inc. ("Tonogold") which is intended to be covered by the safe harbor for "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. Words such as "expect(s)," "feel(s)," "believe(s)," "will," "may," "anticipate(s)," and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, financial projections and estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to future operations, products and services; and statements regarding future performance. Such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the control of Tonogold Resources, Inc., that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include: our lack of operating revenue and earnings history, our need for additional capital to pursue our business strategy, the grade and quantity of minerals in our projects may not be economic, we do not have fee title to our properties, but derive our right through leases and the Mining Law, we are a non-reporting company and as such do not make periodic filings with the Securities and Exchange Commission, we trade on the Pink Sheets and there can be no assurances that a liquid market will develop in our securities, mining is subject to extensive environmental regulations and can create substantial environmental liabilities, gold and silver are commodities which have substantial price fluctuations, a drop in gold and/or silver prices could adversely affect future profitability and/or capital raising efforts, and mining can be dangerous and present operation hazards for employees and contractors. Readers are cautioned not to place undue reliance on these forward-looking statements. Tonogold does not undertake any obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Contact Information

  • Contact:
    Jeffrey Janda
    Tonogold Resources, Inc.
    858-456-1273
    Email Contact