Tonogold Resources, Inc. Sells Lease Interest in Nyac, Alaska Gold Project

Tonogold Resources, Inc. announces the sale of its Alaska assets and leasehold interest in the Nyac, Alaska Gold Project to Nyac Gold LLC. The terms of the sale include cash and future consulting fees valued at approximately $563,420. Also, Tonogold has a retained a one-half percent net smelter royalty. The Nyac Gold Project consists of 57,600 acres leased from Calista Corporation. Tonogold conducted...