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 [...]
Tonogold Hits 21.34 Meters at 3.226 g/t Gold and 15.7 g/t Silver on the Occidental/Brunswick Lode Tonogold Resources Inc. is pleased to announce the results of 3 reverse circulation holes recently completed on the southern portion of the Occidental/Brunswick Lode. Tonogold aims to prove the existence of a substantial minable resource of gold and silver in the Comstock Mining District. Occidental/Brunswick Lode Tonogold [...]
Tonogold Resources Inc. is pleased to announce the appointment of Brian Metzenheim as interim CEO and the acceleration of its ongoing drill exploration program on the southern portion of the Occidental/Brunswick Lode. The company is also pleased to provide an update on its ongoing drill exploration of the Gold Hill section of the Comstock Lode. Tonogold aims to prove the existence of a substantial mineable resource of [...]
Tonogold Resources Inc. advises of the following: Since our November 17, 2020 update, we have pushed forward the early stages of our $7 million drill exploration program aimed at proving the existence of significant gold and silver mineralization in the Comstock District located in the vicinity of Virginia City and Gold Hill, Nevada, approximately 40 kilometers southeast of Reno. Tonogold recently secured 100% control of [...]
Tonogold Resources advises the following corporate update. 1. ASSAY RESULTS On October 6th 2020, Tonogold announced that it had completed its first drill hole on the historically significant Comstock Lode and we had at that time, anticipated that assay results would be available toward the end of October. However, due to the severe backlog experienced by our independent laboratory - ALS, we have recently been advised by [...]
Tonogold Resources advises of the following. Preference Share redemption As part of the consideration of Tonogold's acquisition of Comstock Mining Inc.'s mining and exploration assets in Storey County, Tonogold issued CMI $6.1 million redeemable convertible preference shares. The terms of the Pref Shares provided CMI the right to convert some or all of the Pref Share into Common Shares in Tonogold at a conversion price of [...]
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