TONOGOLD to Acquire Large Diversified US Focused Uranium Company

Mining industry

Highlights Acquisition includes 3 Projects located in West-Central USA known for historic production of uranium/vanadium.

Proximity to licensed, operating processing plants using both conventional an in-situ recovery.

Figure 1: Project and Process Mill location 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 and this project has a historical working and pre-2007 NI 43-101 resource. Favorable geology with mineralization occurring from surface to a depth of at least 500 ft in strong clay-altered Rhyolitis Volcanics. (Refer Figure 2) Drilling intersected anomalous uranium and vanadiumin multiple zones. 127 historical drill holes were completed by Minex, PhillipsUranium and TrigonExploration Ltd between […]

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