Tombstone Exploration Corporation Announces Five Tons of Carbon Carrying Gold and Silver Have Been Shipped for Processing and Refining

Rhea-AI Summary

Tombstone Exploration Corporation (OTCQB: TMBXF) has shipped approximately five tons of carbon containing gold and silver to Metals Research in Idaho for final processing. This marks the company's first delivery of processed ore for 2022, with bi-monthly shipments planned. The Bonanza Mine project, covering 2,656 acres near Salome, Arizona, is poised for significant gold and silver production. This area is geologically rich, likely leading to Arizona's largest deposits.

Positive

• First delivery of processed ore in 2022 signifies operational progress.
• Bi-monthly deliveries to refine ore indicate an ongoing production strategy.
• The Bonanza Mine's location suggests high potential for gold and silver production.

Negative

• None.

PHOENIX, March 17, 2022 (GLOBE NEWSWIRE) -- Tombstone Exploration Corporation (OTCQB: TMBXF), a fully reporting U.S. based mining company, announced today it has shipped approximately five tons of carbon that carried the Gold and Silver to Metals Research in Kimberly, Idaho for final processing of the minerals. The process is expected to take 7-10 days, then the ore will be sent to Metalor for refining.

The leach has been running 24/7 and continues as crushed rock and leach material are loaded onto the pad. This will be the first delivery of processed ore for 2022 and is expected to have bi-monthly deliveries for refining ore.

The Bonanza Mine properly includes the Harquahala and Golden Eagle mines, located approximately eight miles south of Salome, Arizona. The project totals 2,656 acres and has significant potential for gold and silver production in multiple phases moving forward. The Bonanza Mine is located where the Prolific Walker Lane and the Sonoran Geosyncline overlap with likely extensions of Carlin Trend and Mesquite-style mineralization generating Arizona’s biggest richest deposits.

Please view video on YouTube: https://youtu.be/m6ad1l_0mug

About Tombstone Exploration Corporation

Tombstone Exploration Corporation is a gold, silver and copper exploration & mining company based in Phoenix, Arizona. The Company’s goal is to maximize shareholder value through focused exploration, testing and development of high-quality mineral targets in the prolific mineral producing areas in the Southwest United States. This goal will be achieved through the application of the best mineral exploration practices and techniques available, including the adherence to the highest possible standards of corporate responsibility, governance and conduct. 

FORWARD-LOOKING STATEMENTS

This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Tombstone Exploration Corporation, its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words “may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,” “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward- looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are Tombstone Exploration Corporation’s ability to control, and actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Tombstone Exploration Corporation’s filings with the Securities and Exchange Commission. 

CONTACT:

Tombstone Exploration Corporation
Alan M. Brown, President & CEO
Phone: 480-588-8920
abrown@tombstonemining.com www.tombstonemining.com
Twitter: @Tombstonecorp

FAQ

What recent activity has Tombstone Exploration Corporation (TMBXF) undertaken?

Tombstone Exploration Corporation has shipped approximately five tons of carbon containing gold and silver for processing.

When is Tombstone Exploration expected to have its next deliveries?

Tombstone Exploration plans bi-monthly deliveries for refining ore following the initial shipment.

Where is the Bonanza Mine located?

The Bonanza Mine is located approximately eight miles south of Salome, Arizona.

What is the potential of the Bonanza Mine project for Tombstone Exploration (TMBXF)?

The Bonanza Mine has significant potential for gold and silver production due to its geological location.