WOODLAND HILLS - TONOGOLD Resources Inc (OTC PINK:TNGL) ('TONOGOLD' or the Company') advises its merger partner, JAG Minerals USA, Inc., has already began adding to the portfolio, with two new Wyoming State leases recently granted, adding 5.2km 2 to the Sky Project.v
SKY Project
The property is in Fremont Country, Wyoming 34 miles South-East to the West of the historic Gas Hills Uranium District.
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 Powder River Basin, host to numerous large Uranium operations. The Sky property is also directly adjacent one of Uranium Energy Corp (NYSE: UEC) Wyoming Projects
A total of 161 RC holes in two drill campaigns totaling 129,000ft which defined the exploration trend at an average drill spacing of 200ft.
A historic resource estimate was first generated by Pathfinder Mines in 1980, totalling 350,000 tons @ 0.117% eU 3 O 8, for a total of 822,000 pounds U 3 O 8 (Cut-offs - 0.03%e U 3 O 8 - 3ft thickness).
TONOGOLD CEO William Hunter stated: 'During the 2023 geological field season JAG Minerals USA, Inc. was active in expanding it's Uranium and Vanadium claims in Wyoming, Utah and Colorado. Specifically focused on claims that have detailed historic Uranium data and / or published resources open for potential expansion. Further, the areas need access to mills to process the mined Uranium products. This development is very positive to the combined Company and the proposed Transaction between Tonogold and JAG Minerals as announced on April 11, 2024 remains unchanged. '
Contact:
William Hunter
Tel: +1 203 856 7285
Email: bhunter@tonogold.com
(C) 2024 Electronic News Publishing, source ENP Newswire
TONOGOLD RESOURCES, INC. 
