North Dakota has first uranium land lease in three decades
Grand Forks Herald Article-North Dakota has first uranium land lease in three decades
Prospect Uranium, Inc. Acquires Connors Uranium Project, North Dakota
The Connors Uranium Project is leased from private land owners by the Secure Energy, LLC. joint venture. Prospect Uranium is the managing member of Secure Energy.
The Connors properties consist of three uranium leases on 1,026 acres of private property. The terms of the leases are ten years or perpetual upon production and each has a $10 per acre per year rental fee of which $90,492 has been pre-paid. The leases carry a production royalty which varies from $.75 per pound of contained uranium to 5% of the net proceeds from uranium bearing ore or leach solutions.
Prospect is evaluating historic drill data on adjoining land and may increase the size and scope of the project.
Prospect Uranium is in possession of 242 historic drill hole logs, including gamma and resistivity logs. The logs indicate uranium mineralized roll fronts in the sandstones with mudstone and lignite layers encapsulating the sandstone. Additional layers of sandstone exist at deeper intervals, but have not been cored or logged. Prospect has analyzed an additional 1,400 drill logs in the region.
Prospect Uranium, Inc. is a uranium exploration company based in La Jolla, California. Prospect Uranium is a subsidiary of Tonogold Resources, Inc. For more information on the Company visit their websites at www.tonogold.com and www.prospecturanium.com.
Connors Project Page
Safe Harbor Statement Under the
Private Securities Litigation Reform Act of 1995
This press release contains certain forward-looking information about Prospect Uranium, Inc. ("Prospect") and Tonogold Resources, Inc. ("Tonogold") which is intended to be covered by the safe harbor for "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. Words such as "expect(s)", "feel(s)", "believe(s)", "will", "may", "anticipate(s)" "potential", "goal", and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, financial projections and estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to future operations, products and services; and statements regarding future performance. Such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the control of Tonogold Resources, Inc., that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include: our lack of operating revenue and earnings history, our need for additional capital to pursue our business strategy, the grade and quantity of minerals in our projects may not be economic, we do not have fee title to our properties, but derive our rights through leases and the Mining Law, we are a non-reporting company and as such do not make periodic filings with the Securities and Exchange Commission, we trade on the Pink Sheets and there can be no assurances that a liquid market will develop in our securities, mining is subject to extensive environmental regulations and can create substantial environmental liabilities, gold and silver are commodities which have substantial price fluctuations, a drop in gold and/or silver prices could adversely affect future profitability and/or capital raising efforts, and mining can be dangerous and present operational hazards for employees and contractors. Readers are cautioned not to place undue reliance on these forward-looking statements. Tonogold does not undertake any obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contact:
Phillip Winter
858-456-1273
ir@tonogold.com
Prospect Uranium, Inc. Acquires Uranium Database and Appoints George Copenhaver to Advisory Board.
Mr. Copenhaver has 40 years experience as a consulting and exploration geologist. Mr. Copenhaver worked for Conoco/Phillips for 10 years and held the position of senior uranium exploration geologist in charge of the western United States. Mr. Copenhaver currently works at Geocon Incorporated, a geotechnical firm based in San Diego, California. Mr. Copenhaver holds B.S. and M.S. degrees in Geology from San Diego State University. Mr. Copenhaver is a Registered Professional Geologist and a Certified Engineering Geologist.
Mr. Copenhaver has provided Prospect Uranium with 10 high quality uranium prospects. Land status checks and field research have begun.
A major part of the Copenhaver database pertains to sedimentary basins in Wyoming, Utah and Colorado, and detailed information and interpretations specific to four uranium-bearing sedimentary basins. The latter includes district-specific data on stratigraphy, structure, alteration, roll fronts and pieziometry based on surface indicators, geophysics, drill logs, and well data.
The database includes detailed information on uranium mineralization throughout the central western United States including site specific data on two prospects in Nevada, complete with drill logs, mineralogical analysis, mapping, and chemical analysis. The database includes higher grade vein-type occurrences, one in Nevada and two in Colorado with surface sampling, geophysical, and drill results.
Jeff Janda, President of Prospect Uranium, stated: "Mr. Copenhaver is an experienced exploration geologist with expertise in our regions of interest and he will be a key asset for our uranium exploration program going forward."
Prospect Uranium, Inc. is a minerals exploration company based in La Jolla, California with properties in North Dakota and Nevada. The company also has a project office in Carson City, Nevada. For more information on the Company visit their website www.prospecturanium.com. Tonogold Resources, Inc. is the parent company and their website is www.tonogold.com.
Safe Harbor Statement Under Private Securities Litigation Reform Act of 1995
This press release contains certain forward-looking information about Prospect Uranium, Inc. ("Prospect") and Tonogold Resources, Inc. ("Tonogold") which is intended to be covered by the safe harbor for "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. Words such as "expect(s)," "feel(s)," "believe(s)," "will," "may," "anticipate(s)," "goal" and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, financial projections and estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to future operations, products and services; and statements regarding future performance. Such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the control of Prospect and Tonogold that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include: our lack of operating revenue and earnings history, our need for additional capital to pursue our business strategy, the grade and quantity of minerals in our projects may not be economic, we do not have fee title to our properties, but derive our right through leases and the Mining Law, Tonogold is a non-reporting company and as such do not make periodic filings with the Securities and Exchange Commission, Tonogold trades on the Pink Sheets and there can be no assurances that a liquid market will develop in our securities, Prospect is a private company and there can be no assurances that it will go public, mining is subject to extensive environmental regulations and can create substantial environmental liabilities, gold, silver and uranium are commodities which have substantial price fluctuations, a drop in gold, silver and/or uranium prices could adversely affect future profitability and/or capital raising efforts, and mining can be dangerous and present operation hazards for employees and contractors. Readers are cautioned not to place undue reliance on these forward-looking statements. Neither Tonogold nor Prospect undertakes any obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contact:
Contact:
Phillip Winter
858-456-1273
ir@tonogold.com
Prospect Uranium, Inc. Announces Secure Energy, LLC. Joint Venture
The Secure Energy LLC. joint venture is an agreement between Prospect Uranium, Inc., Donbarra Group LLC and Hardbow Uranium LLC.
The joint venture will be managed by Prospect Uranium, Inc. which has a right to purchase up to 80% of the joint venture.
Donbarra and Hardbow will advance funds for property acquisition as well as providing land acquisition and development services. Both companies are managed by experienced mining executives.
Prospect Uranium has provided the initial geological evaluations as well as data compilation, and mapping for the specific areas under consideration. Prospect will manage and primarily finance future drilling programs and exploration.
Donbarra is managed by Gordon Haworth, a member of Tonogold Resources, Inc.'s advisory board.
Jeffrey Janda, President of Prospect Uranium, Inc., commented: "This joint venture will advance our acquisition efforts by providing funding and a knowledgeable, on-the-ground mineral acquisition, development and permitting executive."
Prospect Uranium, Inc. is a uranium exploration company based in La Jolla, California. Prospect is a subsidiary of Tonogold Resources, Inc. For more information on the Company visit their websites at www.tonogold.com and www.prospecturanium.com.
Safe Harbor Statement Under the
Private Securities Litigation Reform Act of 1995
This press release contains certain forward-looking information about Prospect Uranium , Inc. ("Prospect") and Tonogold Resources, Inc. ("Tonogold") which is intended to be covered by the safe harbor for "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. Words such as "expect(s)", "feel(s)", "believe(s)", "will", "may", "anticipate(s)" "potential", "goal", and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, financial projections and estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to future operations, products and services; and statements regarding future performance. Such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the control of Tonogold Resources, Inc., that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include: our lack of operating revenue and earnings history, our need for additional capital to pursue our business strategy, the grade and quantity of minerals in our projects may not be economic, we do not have fee title to our properties, but derive our rights through leases and the Mining Law, we are a non-reporting company and as such do not make periodic filings with the Securities and Exchange Commission, we trade on the Pink Sheets and there can be no assurances that a liquid market will develop in our securities, mining is subject to extensive environmental regulations and can create substantial environmental liabilities, gold and silver are commodities which have substantial price fluctuations, a drop in gold and/or silver prices could adversely affect future profitability and/or capital raising efforts, and mining can be dangerous and present operational hazards for employees and contractors. Readers are cautioned not to place undue reliance on these forward-looking statements. Tonogold does not undertake any obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contact:
Phillip Winter
858-456-1273
ir@tonogold.com
Mesa Uranium Announces Uranium Project In New Mexico's Grants Uranium Belt
The Property under lease is on trend with both Jackpile remobilized uranium mineralization and Westwater trend uranium mineralization. The grade in the area is moderate.
The Grants Uranium District is one of the premier uranium districts in the world and has produced 347 million lbs of U3O8. Private sources estimate the uranium resource in the Grants Uranium Belt to be 588 million lbs of which 282 million lbs is capable of being processed with in-situ leaching (ISL) methods.
Jeff Janda, President of Tonogold said: "The Grants Uranium Belt has been a top producer in past cycles and should be an important part of future domestic production. Our strategy of focusing on properties which may be amenable to the in-situ leaching (ISL) mining method is perfectly suited to our new property in New Mexico."
In-situ leaching (ISL) is the recovery, by chemical leaching, of the uranium deposit without physical extraction of the mineralized rock from the ground. Also referred to as "solution mining."
Mesa Uranium, Inc. is a subsidiary of Tonogold Resources, Inc. Tonogold Resources, Inc. is a minerals exploration company headquartered in La Jolla, California with gold and silver properties in Alaska and Nevada. For more information on the Company visit their website www.tonogold.com.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
This press release contains certain forward-looking information about Mesa Uranium, Inc. and Tonogold Resources, Inc. ("Tonogold") which is intended to be covered by the safe harbor for "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. Words such as "expect(s)", "feel(s)", "believe(s)", "will", "may", "anticipate(s)", and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, financial projections and estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to future operations, products and services; and statements regarding future performance. Such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the control of Tonogold Resources, Inc., that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include: our lack of operating revenue and earnings history, our need for additional capital to pursue our business strategy, the grade and quantity of minerals in our projects may not be economic, we do not have fee title to our properties, but derive our rights through leases and the Mining Law, we are a non-reporting company and as such do not make periodic filings with the Securities and Exchange Commission, we trade on the Pink Sheets and there can be no assurances that a liquid market will develop in our securities, mining is subject to extensive environmental regulations and can create substantial environmental liabilities, gold, silver and uranium are commodities which have substantial price fluctuations, a drop in gold, silver or uranium prices could adversely affect future profitability and/or capital raising efforts, and mining can be dangerous and present operational hazards for employees and contractors. Readers are cautioned not to place undue reliance on these forward-looking statements. Tonogold and Mesa do not undertake any obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contact:
Phillip Winter
Tonogold Resources, Inc.
858 456-1273
phillipwinter@tonogold.com