TONOGOLD RESOURCES, INC. (Pink Sheets: TNGL)

Dear Reader,

We’re onto something.  Something we’ve been waiting on for a long, long time.  It’s an opportunity with potentially exponential possibilities in one of history's most treasured commodities.  About a year ago, a trusted investment mind started to preach to us about the virtues of gold-related public companies.  He made several sensible arguments as to why gold had to go up and the various investment plays that could be made based on that belief.

We were at first skeptical.  We’d heard “gold bugs” before, but this fellow had a track record of enormous success and his argument was sound.  We agreed to listen more and decided to, pardon the pun, do a little digging ourselves.  In November of 2004 we went to an investment conference in San Francisco showcasing gold mining companies and meeting with several dozen CEO’s of public gold companies.  As we learned more and more about the business the pieces started to come together and we, the editors, began to see the opportunity as our sage friend sees it.

Next we explored the geopolitical and macroeconomic factors that could affect this perspective on gold – no light reading.  We spoke to analysts and politicians alike. We visited the major gold show in Vancouver, Canada in January where we spent many hours speaking with CEO’s one on one, scrutinizing their business plans and quizzing the all important geologists.  We took them to lunches and breakfasts and gained what we think is a unique perspective on the gold market.

At last we believe that the results of our months of research may be ready for your perusal and we’re going to be making a dedicated effort to introduce you to gold opportunities in our usual straight forward and hype-free StockUpTicks manner. With gold now up significantly since our first forays a year ago, there might not be a better time to examine the public companies that are mining the ore from the Earth.

It’s taken us some time to find a company that we felt we could expose to our readers. We’ve kissed a lot of frogs in our due diligence.  But today’s featured company offers a unique palate of opportunity that we hadn’t seen before. We think Tonogold (TNGL) merits your review.
a

About Tonogold

Tonogold Resources, Inc. ("TNGL") is a gold and silver exploration company with promising properties in Alaska and Nevada.  Tonogold Resources is also the parent company of Mesa Uranium, Inc.  Tonogold has an experienced, dedicated team of geologists, mining executives, and investment bankers that are building a portfolio of mineral properties including its Nyac Alaska Project, with approximately 57,600 acres.

Tonogold holds an Exploration and Mining Lease for Nyac with Calista Corporation, the second largest native corporation in Alaska, with land entitlements of more than 6.5 million acres.  The strategy at TNGL is three-fold:

• current exploration properties; 
• management experience; 
• the current structure of our industry favoring junior exploration companies; 
• the bull market in gold and silver; 
• future acquisition opportunities. a

The TNGL Purchase, Development, and Marketing Strategy

In 2004, Nevada produced 6.94 million ounces of gold – 87% of the total gold produced in the U.S. and 8.7% of the gold in the world.  If Nevada were a country, it would be the third largest gold producer in the world – behind South Africa and Australia.  China is the fourth largest producer – behind Nevada!  Almost every major gold company has a mine in Nevada. 

Tonogold has properties in the Tonopah district of Southern Nevada – the site of the second largest silver boom in Nevada history.  The King Tonopah property is only two miles from the Central Tonopah District, which produced over 1.8 million ounces of gold and 178 million ounces of silver.  Tonogold believes that the King Tonopah area may be a replication of the Central Tonopah District and hopes to test this hypothesis in the coming months.

• Some of the biggest gold deposits in the world are found in Alaska, including several world class deposits such as: Donlin Creek (25 million oz. resource), Pebble (27 million oz. – North America’s Largest), Pogo (3.2 million oz.) and Fort Knox (2.9 million oz.). 

• The major mining companies have taken a big interest in Alaska including Placer Dome, Anglogold Ashanti, Teckcominco, and Kinross Gold.

• There are over 100 million acres of land available for mining exploration in Alaska.  The Alaska Native Corporations control 44 million acres of private property – much of which is available for mineral exploration. 

• Tonogold leases its Nyac gold property in Southwestern Alaska from Calista Corporation, the second largest Native Corporation, which controls over 6.5 million acres of land!

• Tonogold’s Nyac Gold Project covers 57,600 acres in one the most prolific mineral belts in the world – the famous Tintina Gold Belt. 

• Donlin Creek – one of the largest undeveloped gold resources in the world – is only 90 miles away. 

• Tonogold’s geologists estimate that Nyac could be of the same size and character as the Fort Knox deposit, located in the eastern Tintina Gold Belt.

• Over 500,000 ounces of gold have been produced in the Nyac district - but the source of this gold has never been discovered – until this summer.

• Tonogold conducted an extensive ground geochemistry program this summer (3,200 samples) and found a gold anomaly covering 1.5 square miles that may be the source of the district’s gold-bearing streams. 

• Much exploration remains to be done at Nyac and the really interesting results for this property are ahead.   However, the large surface gold anomaly leads Tonolgold to believe that excellent drill results are likely.

Jeff Janda, Tonogold’s President and Chairman, has a history of getting into bull markets early and producing excellent returns for investors.  He took several companies public in the 1990’s and was an early participant in both the tech boom and the housing boom.  He often says: “What tech was to the 90’s, resources – metals in particular – will be to the current decade.”

Donald Strachan, Tonogold’s Vice President of Exploration and Chief Geologist is an expert in both Alaska and Nevada geology and has worked extensively in gold, silver, and uranium.  More importantly, Mr. Strachan has a history of finding and expanding deposits.  During the last mining boom, Mr. Strachan was a geologist for the highly successful exploration company, Houston Oil & Minerals – which was bought out by Tenneco. 

• Currently, Tonogold has 36 million shares outstanding on a primary basis and 39 million on a fully-diluted basis. 

• At the current stock price of $.25 the market capitalization of Tonogold is only $9.1 million!

• The Gold Stock Analyst estimates that the average valuation per production ounce is $2,376 per ounce and the average valuation per proven and probable reserve ounce is $156.  Other sources estimate that smaller exploration companies command a valuation per ounce of $35. 

• Discovering just one multi-million ounce deposit would justify a valuation many times the current price! 

Next year Tonogold plans to drill its Nyac Project.  Next summer’s drill results should provide good evidence of the magnatude of this project.  Very often, exploration stocks make big moves as drill results become available and sometimes stocks move in anticipation of these results.  Given the results of the surface sampling – Tonogold believes that the Nyac is a high probability drill target.

In addition, the Company plans an aggressive property-acquisition program in Nevada as well as some exploratory drilling in Nevada.  In the past year, Tonogold has acquired one property every four months and it expects additional property acquisition activity soon.  Tonogold believes that it is poised to deliver extraordinary returns for investors in the coming year and that its shares represent a great way to play the gold bull market.

Tonogold Projects

NYAC GOLD PROJECT  57,600 ACRES  NYAC DISTRICT ALASKA

The 57,600 acre Nyac Gold district sits in the prolific Tintina Gold Belt, along with well known gold deposits, such as, Donlin Creek (25 million ounces), Fort Knox (2.9 million ounces) and Pogo (3.2 million ounces). Our surface sampling program, conducted during the summer of 2005, indicated a massive mineralized area of over six square kilometers. To put this in perspective, Donlin Creek, the nearest significant gold deposit to Nyac has a resource of 25 million ounces on less than two square kilometers.  Tonogold's rock chip samples came in as high as 15.1 grams per ton, with soil samples to 4.21 grams per ton. 

Over 600,000 ounces of gold has been pulled out of the streams on the Nyac property. Tonogold geologists determined that the lode source that supplied this free gold was likely to be found in five target areas. The summer sampling program proved that there were at least six mineralized areas. The aggressive core drilling program, additional surface sampling, geophysical surveys and geologic mapping for the 2006 summer season is expected to provide further evidence as to the extent of the gold mineralization. Tonogold believes that it is highly possible that it will come out of the season with a significant resource number.

Calista Corporation has called Nyac, “The next Donlin Creek.”  Calista, the native Alaskan Corporation that owns the Nyac and Donlin Creek properties, has commissioned extensive work on Nyac in the past and strongly believes that Tonogold is the company to bring out the maximum value of the Nyac Gold District.

The Nyac Gold District has been receiving quite a bit of press recently and is one of the featured gold properties being presented to the Alaska Miners Association. This puts Tonogold Resources in the limelight with the geological community. It may not be long before the investment community catches up with this company.

To read an in-depth report of Tonogold Resources’ Final Report for the 2005 sampling on the Nyac Project in a printable PDF format, the link is HERE
 
 

NORTH SPRINGS GOLD PROJECT

Tonogold Resources acquired the North Springs Property, located in Esmeralda County, Nevada in August 2004. The North Springs Gold Project was the first acquisition by the Tonogold in Nevada and represents establishment of exploration activities in the important precious metal domain of Esmeralda and Nye Counties in Southern Nevada.

The North Springs Gold Project is approximately 2,300 acres in size. Tonogold management was most excited about North Springs’ proximity to an operating mill and heap leach operation. The county road accesses the mine and heap leach operations of Golden Phoenix Minerals approximately three miles east of the North Springs Gold Project. Tonopah, Nevada, the nearest major town, is approximately 65 road miles to the northeast of the properties. Tonogold is planning an aggressive exploration program to develop the North Springs Gold Project.

The geologic model under investigation assumes a low grade, lenticular, near-surface disseminated gold occurrence in quartz veins and vein stockworks. Assuming a reasonable gold resource can be established, the Company intends to investigate both a toll arrangement for leaching mined ore on nearby existing leach pads, or conducting its own heap leach operations on the property. 
 
 

KING TONOPAH  GOLD & SILVER PROJECT

Tonogold Resources has acquired a 1,180 acre land position in the northern Tonopah District, Nevada, including an area around the historic King Tonopah shaft. The central Tonopah District produced 174 million ounces of silver and 1.8 million ounces of gold between 1901 and 1935. Average historic grade of the Central Tonopah District was 0.23 ounces per ton gold and 23 ounces per ton silver. In a two-year period, the King Tonopah mine produced approximately 20,000 tons grading 0.30 ounces per ton of gold and 30 ounces per ton of silver (6,000 oz gold and 600,000 oz silver) from a portion of one of the east-west veins.

Drill holes in the northern Tonopah District have encountered four steep vein structures in addition to the near-vertical King Tonopah vein. A gentle west-dipping, concave-upward, fault-vein system similar to the Tonopah Fault in the central District is indicated below the steep veins of northern Tonopah. The Tonopah Fault was a major source of production in the central District. Tonogold’s exploration goals include delineation of the indicated low-angle fault-vein system.

Tonogold is engaged in a two-phase drill program to define a resource potential similar in size and grade to the central Tonopah District. Phase One goals are acquisition of additional small property segments around the existing Tonogold holdings, compilation of all data, surface prospecting and mapping, and drill exploration. Rehabilitation of the King Tonopah workings, as an access alternative and for underground drilling, is included in the Phase One budget. When Phase One is completed, the extent of the King Tonopah resource should be determined, veins on existing and new structures should be found, and a Phase Two drill development plan for the northern Tonopah District should be viable.
 

Recent News From Tonogold

LA JOLLA, CA--(MARKET WIRE)--Oct 10, 2005 -- Tonogold Resources, Inc. (Other OTC:TNGL.PK - News) announces that its Annual Shareholder's Meeting will be held on November 11, 2005 at 11:00 a.m., Pacific Standard Time, in the Coast Room of the La Jolla Museum of Contemporary Art at 700 Prospect Street, La Jolla, California 92037. 
To read the entire release and disclaimer, the link is HERE

LA JOLLA, CA--(MARKET WIRE)--Sep 15, 2005 -- Tonogold Resources, Inc. (Other OTC:TNGL.PK - News) is pleased to announce further assay results from its summer surface sampling program at the Nyac Gold Project in southwestern Alaska. The latest results represent fill-in sampling done in previously identified prospect areas.
To read the entire release and disclaimer, the link is HERE

Press Release Source: Tonogold Resources, Inc.
Wednesday September 7, 8:30 am ET 

LA JOLLA, CA--(MARKET WIRE)--Sep 7, 2005 -- Tonogold Resources, Inc. (Other OTC:TNGL.PK - News) announces the release of an interim geochemical report on the Nyac Gold Prospect located in southwest Alaska at the western end of the Alaska-Yukon Tintina Gold Belt. 
To read the entire release and disclaimer, the link is HERE
 

The Tonogold Management Team

aaa

Jeff Janda near Tonopah, Nevada 

JEFFREY J. JANDA - CHAIRMAN OF THE BOARD, PRESIDENT 

Mr. Janda, age 39, has served as Chairman and President of the Company since its acquisition by Point Loma Partners in May 2002. Mr. Janda served as the Chairman and Chief Executive Officer of Point Loma Partners, Inc., an investment company based in San Diego, California from 1998 to 2002. Mr. Janda was the President of Janda & Garrington, an NASD licensed investment banking and stock brokerage company he founded in 1996 and sold in 1999. Before founding Janda & Garrington, he served as Managing Director of Corporate Finance at W. B. McKee Securities, Inc. in Phoenix, Arizona from 1994 to 1996. From 1992 to 1994 Mr. Janda was the Director of Corporate Finance with First Affiliated Securities.

Mr. Janda has worked as an advisor on a variety of public and private financings, mergers and acquisitions, including managing several successful initial public offerings such as those of the L.L. Knickerbocker Company, ModaCAD, Inc., and U.S. Laboratories, Inc. Mr. Janda has raised $43 million for 14 companies. Mr. Janda was educated at the University of Iowa where he received a B.A. degree.
 

DONALD G. STRACHAN - VICE PRESIDENT OF EXPLORATION

Mr. Strachan is a senior professional geologist with over 30 years of experience in mineral exploration in the western United States and eastern Africa. From 1986 to the present time, Mr. Strachan has been based in the Reno, Nevada area and has worked as an independent geologist evaluating gold and silver properties. From 1984 to 1986, he worked as a geologist for St. Joe Minerals involved in precious metal exploration in the western United States. From 1976 to 1979, he was an economic geologist for Houston Oil and Minerals, working in uranium and base metals, and from 1980 to 1983 focused on gold and silver exploration and development projects in western Nevada. He holds a B.A. degree in Geology from California State University in Fresno, California and a M.S. degree in Geology from the New Mexico Institute of Mining and Technology. Mr. Strachan is a Certified Professional Geologist and a member of the Geologic Society of Nevada, the Geologic Association of Canada, and the Society of Economic Geologists.
 

BRIAN A. ZAMUDIO - EXECUTIVE VICE PRESIDENT, SECRETARY, AND DIRECTOR

Mr. Zamudio, age 38, has served as the Executive Vice President of the Company since May 2003. Mr. Zamudio was the Chief Operating Officer of Point Loma Partners, Inc. from 1999 to 2002. Mr. Zamudio was also the President of Daybreak Apparel LLC, an apparel manufacturer based in San Diego, California, from 1999 to 2004. Prior professional experience includes acting as the Managing Partner of Big Rock Holdings, a real estate development company. While at Big Rock, Mr. Zamudio was responsible for acquisitions and financing. Prior to Big Rock, Mr. Zamudio worked in the mortgage securities department at Sentra Spelman, a brokerage firm based in San Diego, California.
 

KEVIN ROBINSON - EXECUTIVE GEOLOGIST

Mr. Robinson joined Tonogold in October of 2004. Since then he has assisted with corporate operations and served as a geologic and strategic advisor. His expertise is in structural geology, mapping and geological synthesis. He is currently applying his knowledge and skills to the geology of economic ore deposits. He helps find and evaluate properties in Nevada and is spearheading a new Central Asia mineral exploration program. Kevin has been teaching geology at San Diego State University for 11 years and has done research in several areas throughout California, Nevada and Mexico. After receiving his Masters Degree from SDSU in 1990 he worked as a professional geologic consultant and has experience with field investigations, sampling programs, drilling operations, property analysis, technical writing, professional publication, and investor-client relations. His analytical skills are augmented by aesthetic strengths such as graphic design, photography and public speaking. Beginning in May 2006 he will become a fulltime member of the Tonogold team.

Tonogold has established an Advisory Board to advise the management and the Board of Directors of Tonogold on the following matters:

    * technical issues that affect the reporting requirements of various regulatory agencies;
    * review internal reports and other information that may be used for public disclosure of technical information;
    * mineral resource/reserve information, feasibility studies, reports prepared by outside consultants and other technical information;
    * investigation and acquisition of new mineral projects and;
    * the use of outside consultants and other third-party contractors. 
a

Financial Highlights For TNGL

TO CONTACT TONOGOLD

---

*** The Bull is Running. ***
There may never be a better time to feature YOUR company
to over 1 MILLION investors.

To learn more about our programs email us directly at info@stockupticks.com

Disclaimer: StockUpTicks.com is a property of Market Pathways Financial Relations Incorporated (MP).  The information, opinions and analysis contained herein are based on sources believed to be reliable but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. Past performance is no guarantee of future results. This report is a paid advertisement and is for information purposes only and should not be used as the basis for any investment decision.  MP has been granted sixty-one thousand four hundred twenty-eight shares of TNGL and two thousand dollars by Tonogold Resources Inc.  Additionally, MP will receive fifty-thousand free-trading shares of TNGL from a non-affiliate, third-party individual for preparation and distribution of this report and other advertising services over the next 90 days. This constitutes a conflict of interest as to MP’s ability to remain objective in its communication regarding the subject company.  Write or call MP for detailed disclosure as required by Rule 17b of the Securities Act of 1933/1934 - Market Pathways 17595 Harvard Ave., Suite C519 Irvine, CA  92614.  MP is not an investment advisor and this report is not investment advice. This information is neither a solicitation to buy nor an offer to sell securities but is a paid advertisement.  Information contained herein contains forward-looking statements and is subject to significant risks and uncertainties, which will affect the results.  The opinions contained herein reflect our current judgment and are subject to change without notice. MP and/or its affiliates, associates and employees from time to time may have either a long or short position in securities mentioned.  Information contained herein may not be reproduced in whole or in part without the express written consent of Market Pathways Financial Relations Incorporated.