IRVINE, Calif., Nov. 21, 2006 (PRIMEZONE) -- "With the world's largest yellowcake producer having announced that its Cigar Lake mine is flooded, the already hot uranium market is expected to be even more volatile," stated SmallCap Sentinel analyst D.R. Clark. "With the underground workings at Cameco's once promising mine now completely flooded, the set-back may drive further yet a uranium market that has exploded over the past few years."
"Uranium experts are wondering what this disaster does to an already tight uranium supply. Considering that much of the anticipated supply from the Cigar Lake mine was already sold, will those buyers now be forced into the spot market?" said Clark. "Perhaps this explains companies like Tonogold Resources' (Pink Sheets:TNGL) foray into uranium related efforts."
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 http://www.tonogold.com and http://www.prospecturanium.com.
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 Daily updates and pictures from the 2006 sampling and drilling program can be found on their website, as well.
The informational report "Investing in Gold & Uranium Stocks for the SmallCap Investor" has been made available free of charge at http://www.SmallCapSentinel.com and will address the rise of interest in uranium related equities such as Cameco Corporation (NYSE:CCJ), Uranium Resources, Inc. (OTCBB:URRE) and U.S. Energy Corp. (Nasdaq:USEG)
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 138,000 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.