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


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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s