Tonogold Resources advises its merger partner, JAG Minerals USA, has already began adding to the portfolio, with two new Wyoming State leases recently granted, adding 5.2km 2 to the Sky Project. JAG Minerals USA Inc. has added two Wyoming State leases to the existing 57 unpatented mining claims. The projects are located within 50mi of UR Energy's Lost Creek, and Kennecott's Sweet Water to the south, and ~100mi west of the [...]
Highlights Acquisition includes 3 Projects located in West-Central USA known for historic production of uranium/vanadium. Proximity to licensed, operating processing plants using both conventional an in-situ recovery. Tonogold Resources Inc. . This acquisition will allow TONOGOLD to accelerate development and exploration of the Marysvale , SKY Project and thirteen historic high-grade vanadium/uranium mines in Montrose [...]
Tonogold Resources Inc. , advises that the Company has declined to exercise the option to acquire the Lucerne Properties from Comstock Inc. The Lucerne Properties encompass the past producing Lucerne mine, previously developed by Comstock Mining in 2012 and the subject of the Company's technical report announced on April 7th, 2022. Additionally, the option for the American Flats processing facility and the mineral [...]
Tonogold Resources Inc. , a Company holding rights to acquire a substantial portion of the mineralized land within the Comstock Mining District, is pleased to announce the receipt of audited financial statements for accounting years 2019 and 2020 from the Company's external auditors. With 2019 and 2020 successfully completed, the external auditors will initiate review of accounting year 2021 with completion slated during [...]
Tonogold Resources Inc. announces receipt of commitments for conversion to equity of over 73 percent of the aggregate principal of its outstanding convertible loan notes. William Hunter, Interim CEO said: "These conversion commitments are a strong show of support for our business plan from our investors and a recognition of the significant potential of the district. The commitments substantially reduce our debt load [...]
Tonogold Resources Inc. is pleased to announce it has received commitments for conversion to equity of more than 63 percent in aggregate principal of its outstanding convertible loan notes. William Hunter, Interim CEO said: "These commitments for conversion from Tonogold's investors go a long way toward eliminating our debt load, which we expect to give us easier access to the capital needed to expand our drilling and [...]
Tonogold Resources is pleased to announce the addition of Mr. Gil Playford and Mr. Cody Whipperman to its board of directors. Their addition is the next step in Tonogold's plan to refresh the company's leadership and board. Mr. Playford is a seasoned senior mining and corporate executive with more than 40 years of experience. Mr. Playford was a co-founder of LionOre Mining International, which held nickel and gold assets [...]
Tonogold Resources Inc. is pleased to announce changes to its board and management team that will be effective immediately. William Hunter has joined the board of directors as Chairman and will serve as Interim CEO while the Company completes a search for a permanent CEO. In addition, Ryan Welker has joined the board as an independent director. Mr. Hunter and Mr. Welker each bring a wealth of experience in the natural [...]
Tonogold Resources is pleased to announce the results of an independent resource estimate for the Lucerne Deposit and a summary of the Comstock gold-silver project including exploration targets on the Gold Hill section of the Comstock Lode and the Occidental-Brunswick Lode, located in Storey County, Nevada. Mine Development Associates, a division of RESPEC, prepared the technical report on behalf of Tonogold Resources[...]
Tonogold Resources is pleased to announce that, as part of the Company's debt restructuring efforts, it has extinguished its outstanding debt owed to Comstock Mining Inc. and restructured its prior agreement with Comstock related to the acquisition of certain mining and exploration assets in the Comstock District, originally announced on Jan 24, 2019. The Company has also finalized the settlement related to a prior [...]
Encouraging results include 3.05 METERS AT 20.83 g/t AuEq within 7.62 meters at 9.51 g/t AuEq. Tonogold Resources Inc. is pleased to announce the results of recent drilling on the Comstock Lode in the Comstock Mining District near Virginia City, Nevada. Tonogold aims to prove the existence of a substantial mineable resource of gold and silver in the Comstock Mining District. Comstock Drilling Tonogold has received assays [...]
Tonogold Resources Inc. is pleased to announce changes to the Board of Directors, the restructuring of certain agreements made between Tonogold and Comstock Mining, Incorporated , and to provide an update on the Company's audit. Tonogold aims to prove the existence of a substantial minable resource of gold and silver in the Comstock Mining District. Changes to the Board of Directors Effective as of June 21, 2021, Mark J [...]
