TONE RESOURCES TO DRILL GOLD BAR NORTH PROJECT LOCATED ON THE BATTLE MTN – EUREKA (“CORTEZ”) TREND
Tone Resources Limited
(the "Company")
2244 West 32nd Street
Vancouver, B.C. Canada V6L 2B2
Toll Free: 1-888-737-2454 Tel: (604) 263-5614 Fax: (604) 263-8415
Website: www.ToneResources.com
January 5, 2006 Trading Symbol: TNS/TSXV
TONE RESOURCES TO DRILL GOLD BAR NORTH PROJECT LOCATED ON THE BATTLE MTN – EUREKA (“CORTEZ”) TREND
Scott D. Baxter, President and CEO of Tone Resources Limited (“the Company”), is pleased to announce the pending drilling of the Company’s Gold Bar North Project. The Project is located to the north and on strike with Atlas’ Gold Bar gold deposit on the Battle Mtn – Eureka (“Cortez”) Trend.
The Company’s Gold Bar North project is located on trend with and 6 to 9 kilometers north-northwest of Atlas’ Gold Bar mine. The Company’s Gold Bar North (GBN) claim group is comprised of 19 claims staked in September, 2003. This claim group was surrounded by 113 claims staked by Trend Resources, LLC early in 2004.
Magee Geophysical Services was contracted in December 2004 to conduct a 100 X 150meter grid gravity survey covering the Company’s Gold Bar North property. This gravity survey conducted for the Company was a part of a broader area program. A report providing gravity data results and an analysis of the data was completed by Wright Geophysics, Inc. in January, 2005.
Comments from the Wright Geophysics Inc. report include: “Most obvious in the (regional) gravity data is the strong linear trend connecting the Cortez and Gold Bar deposits. Along this trend are a number of gold deposits. Indeed, this alignment of deposits defines the BATTLE MTN – EUREKA gold trend.” “At both (Atlas’) Gold Bar and the (Gold Bar North) property, prominent gravity highs occur well removed from the range front.” “…north-northwest trending structures at Gold Bar extend across Kobeh Valley directly into the property.” Jim Wright also noted, “The Gold Bar deposits and the (Gold Bar North) property have similar relationships to intrusive bodies. As noted, this is a desirable situation for gold mineralization.” “ The gravity over the property is robust exhibiting a dynamic range exceeding 10 mgals. Two gravity highs are noted which produce extreme gradients. Structural offsets juxtaposing strongly contrasting densities are indicated.”
Jim Wright, Wright Geophysics, recommended 6 sites on the Company’s Gold Bar North as drill target tests. Four of the sites on the Company’s property test the prospective north-northwest linear structural zone indicated by the “extreme (gravity) gradients.” The drill target opportunity is a Carlin-style sedimentary-hosted gold deposit. The Company currently has 4 drill sites permitted and bonded for drilling.
Tone Resource’s business is to seek out, acquire, and explore gold opportunities in the north-central region of Nevada. Including the Gold Bar North property, the Company currently has eight projects located within the major gold trends of north-central Nevada.
16,401,632 SHARES OUTSTANDING
The above is subject to regulatory approval.
ON BEHALF OF THE BOARD OF DIRECTORS
Scott Baxter, President
Contact: Scott Baxter, President, Email: scott.baxter@shaw.ca
North America Toll Free: 1-888-737-2454, Tel: 604-263-5614, Fax: 604-263-5610
Website: www.ToneResources.com
DC Mathewson, Vice President of Exploration for Tone Resources Ltd, pursuant to provision to national policy 43-101 who has reviewed the contents is the qualified person for the Company, a professional geologist registered in the state of California (# 4024), and former Manager of Exploration for Newmont Mining Company’s Great Basin and Carlin Trend exploration programs between 1994 and 2001.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release. |
