SOURCE: Tonogold Resources, Inc.

January 11, 2007 13:34 ET

Tonogold Resources, Inc.'s Land Department Options Van Deemen, Arizona Gold Project

LA JOLLA, CA -- (MARKET WIRE) -- January 11, 2007 -- Tonogold Resources, Inc. (PINKSHEETS: TNGL) is pleased to announce the signing of an Option to Purchase Agreement for the Van Deemen, Arizona Gold Project.

The Van Deemen Gold Project consists of five (5) unpatented federal mining claims located about 50 miles northwest of Kingman Arizona along the northeastern flank of the Black Mountains. The area has a history of mining and should be able to be explored and mined by following BLM regulations and recommendations.

Drilling in the 1980s revealed a significant gold zone. One hole showed 115 feet of 0.045 oz/ton. In 2002 surface sampling confirmed the gold values described in earlier exploration efforts which were detailed enough to define a resource in excess of 34,000 ounces. The 2002 chip channel samples of the previously identified key areas confirms the presence of 4 small ore bodies at the surface with average gold values to 0.46 oz./ton (15.6 g/t). Some indications are that grades are slightly higher than previous estimates.

The low temperature epithermal mineralization at Van Deemen occurs as elongate northeast-trending tabular bodies within breccias associated with the Van Deemen Fault, a low-angle Miocene normal fault. The mineralization is associated with fracturing and brecciation in the contact zone between the upper and lower plate. Host rocks for mineralization at Van Deemen are mostly brecciated lower plate crystalline rocks composed of Precambrian gneisses intruded by Mesozoic and Tertiary plutons and dike swarms. The mineralized areas have a hematite-clay-sericite-pyrite-quartz alteration assemblage. Arsenic and Tellurium are strongly correlated with gold mineralization and can be useful indicators for further exploration.

Kevin Robinson, Executive Geologist in Tonogold's La Jolla office, said, "Low angle normal faults, like the Van Deemen Fault, offer exciting opportunities for exploration. Good potential exists for defining more mineralized zones along this major fault."

Jeff Janda, President of Tonogold, said, "We formed our Land Department to acquire promising projects that we deemed valuable, but not necessarily prime targets for Tonogold Resources to move towards production. This project can be very valuable to a smaller operator looking for a defined deposit. Marketing gold projects like Van Deemen is designed to assist Tonogold by offsetting its exploration budget."

Tonogold Resources, Inc. is a minerals exploration company based in La Jolla, California with gold and silver properties in Alaska and Nevada. Tonogold is the parent company of Prospect Uranium, Inc. For more information on the Company visit their websites at and

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)," "goal" 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.

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