IRVINE, Calif., Sept. 6, 2006 (PRIMEZONE) -- "Investors and analysts are asking the rhetorical question, 'Is the correction in the gold market finally over?'" stated SmallCap Sentinel analyst D.R. Clark. "With gold having pulled back from its recent high of $730 and dropping as low as $550 in July, does recent pricing in the low $600's imply that the correction is over? A technical perspective may suggest that."
"Of course, should the presumption of the end of the gold market's correction be accepted, it begs the question as to similar corrections for gold related equities," said Clark. "Will companies with fortunes tethered to the yellow metal see their reflexive stock corrections abated and look forward to better days for their share prices?"
The informational report "Investing in Gold Stocks for the SmallCap Investor" has been made available free of charge at www.SmallCapSentinel.com and will address the rise of interest in gold related equities such as Barrick Gold (NYSE:ABX), NovaGold Resources (AMEX:NG), Kinross Gold Corp. (NYSE:KGC) and others.
"Tonogold Resources (Pink Sheets:TNGL) has moved aggressively into Alaska with the lease and subsequent staking of the 83,200 acre Nyac Gold Project. Their surface sampling program in 2005, showing significant areas of mineralization, has been augmented by their drilling and sampling program from this summer. The best rock chip sample has exceeded 1,000 g/t (29 ounces per ton) and the first drill hole results showed an intercept of 8.6 g/t (.25 ounces per ton) over .6 meters," said Clark.
A Tonogold profile is available at: http://stockupticks.com/profiles/11-9-05.html
The 2005 Final Report from last year's exploration program on Tonogold's Nyac property in Alaska can be downloaded here: http://www.tonogold.com/s/NewsReleases.asp
Statements herein contain forward-looking statements and are subject to significant risks and uncertainties affecting results. SmallCapSentinel/StockUpTicks.com are properties of Market Pathways Financial Relations Inc. (MP). MP provides no assurance as to the subject company's plans or ability to effect proposed actions and cannot project capabilities, intent, resources, or experience.
All information contained herein is based upon sources believed to be reliable but no representation is made as to its accuracy or completeness. This report is neither a solicitation to buy nor an offer to sell securities but is rather a paid advertisement provided for information purposes only and should not be used as the basis for any investment decision. MP is not an investment advisor and this report is not investment advice. MP has been granted 170,428 restricted shares of TNGL by Tonogold Resources for preparation and distribution of this report and other advertising services previous to and over the next ninety-day days. Additionally, MP and/or its affiliates, associates and employees from time to time may have either a long or short position in any securities mentioned. This constitutes a conflict of interest as to MP's ability to remain objective in its communication regarding the subject companies.