TONOGOLD to Acquire Large Diversified US Focused Uranium Company [Yahoo! Finance]
TONOGOLD RES INC (TNGL)
NASDAQ:AMEX Investor Relations:
tonogold.com/en
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Source: Yahoo! Finance
Proximity to licensed, operating processing plants using both conventional an in-situ recovery. WOODLAND HILLS, CA / ACCESSWIRE / April 11, 2024 / TONOGOLD Resources Inc (OTC PINK:TNGL) ("TONOGOLD" or the "Company" advises it has entered a term sheet to acquire 100% of the issued shares of JAG Minerals Pty Ltd which has a 100% interest in JAG Minerals USA Inc. ("JAG US"). This acquisition will allow TONOGOLD to accelerate development and exploration of the Marysvale (hardrock uranium/vanadium mine), SKY Project (uranium roll front) and thirteen (13) historic high-grade vanadium/uranium mines in Montrose County, Colorado and San Juan County, Utah. Marysvale Project The property lies adjacent to the Central Mining Area, where an estimated 1.39mlb of U308 at 0.22% was produced from more than 10 mines between 1949 and 1966. JAG USA has leased 20 unpatented mining claims and one (1) state lease. Highlights: Marysvale Project was drilled by Phillips Uranium between 1977 - 1981
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