IRVINE, Calif., Aug. 9, 2007 (PRIME NEWSWIRE) -- "A recent report by gold and uranium exploration company Tonogold Resources (Pink Sheets:TNGL) served to provide investors with an update on their Nyac Alaska property," stated SmallCap Sentinel analyst D.R. Clark. "But one must wonder if the average investor grasped the essence of the report somewhat hidden in the details."
"Normally, the standard way to look at gold content in assay results is to look at the total gold content. The total gold is comprised of fine fraction and coarse fraction. By this measurement Tonogold's total gold results were not overwhelming though respectable," Clark noted. "But when we look at the coarse gold fraction we see a whole new picture of Nyac. Using total gold, Tonogold found 13 mineralized intercepts and using the coarse gold fraction they hit 85 intercepts. Tonogold's high intercept was 8.2 ppm (grams per ton) and the high found in the coarse fraction was 137 g/t. Most if not all of the veins intersected in the Bonanza Pluton were mineralized with gold. Tonogold has over 250 meters of vertical depth that show mineralization. One of the holes showed increasing mineralization with depth."
The entire report can be found on the Tonogold website at www.tonogold.com/s/nyac.asp and will provide data of interest to investors of related Alaskan-based equities Kinross Gold Corp. (NYSE:KGC), Teck-Cominco (NYSE:TCK), and Northern Dynasty (AMEX:NAK).
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.
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 accuracy or completeness. This report is neither a solicitation to buy nor offer to sell securities but is rather a paid advertisement provided for information purposes only and shouldn't be used as basis for any investment decision. MP isn't an investment advisor and this report isn't 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 90 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 communication regarding the subject companies.
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