UPDATE: Tonogold Resources Enters into an Option Agreement to Acquire the three gold/silver Properties in Durango, Mexico

TonogoldResources

LA JOLLA, Calif.Jan. 16, 2018 /PRNewswire/ — TONOGOLD RESOURCES INC. (OTC:TNGL) (the “Company” or “Tonogold“) is pleased to announce that it has entered into a binding agreement with a private Mexican company, which provides Tonogold an exclusive right (but not obligation) to acquire 100% interest in the Claudia, Promontorio and Montoros gold/silver properties located in Durango, Mexico (the “Projects“) for total consideration of $7.3 million in cash. All amounts stated are in U.S. dollars unless otherwise advised.

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