Today, Tombstone Exploration, well-positioned as the largest landholder in Arizona’s historic Tombstone Mining District, reported application for State Exploration Permits (execution projected within 60 days) to seek out the rich Gold, Silver, and Copper resources on the district’s eastern edge.
With mineral rights to some 9,700 acres of historical mining land in what has been historically characterized as a bonanza silver and precious metal district, TMBXF is a solid vehicle for investors to profit off of today’s rapidly increasing prices and raw demand for Au, Ag, copper, and other minerals (less associated with but strongly present in the district) like zinc, iron, lead, and manganese. Indeed, the porphyry copper model of Lowell and Guilbert (1970) alone suggests a buried porphyry copper deposit at depth.
The additional permits cover a 2,157-acre area adjacent to the 100% company owned Zebra property. This area is also proximal to the Liberty Star Uranium and Metals Corp. Hay Mountain property, which recently completed its own 43-101 on the district and is actively pursuing an aggressive exploration program targeting copper, moly, gold, and other metals, which they claim has great potential.
The now 4,157-acre Zebra property is believed to lie inside the Tombstone District’s metallogenic zonation halo, whose shallower ores in the central zones held high silver content and lower gold content. Consistent with zonation patterns however, the Zebra has high gold values and only moderate silver. Detailed mapping in the 80’s prepared for Asarco analyzed thirty three samples collected from typical, key mineralization targets and seven of the samples produced 0.2 opt Au and higher values, while another three showed over 0.1 opt. With one assay coming in at 1.0268 opt (collected from a black to red jasperoid breccias outcrop in this case) is a powerful testament to another, previous assay data suggesting the occurrence of a large bulk tonnage gold deposit on the property. Additionally, gold surveys, also conducted in the 80’s on the property, suggest the potential for a gold skarn on the deposit at depth.
President of TMBXF, Alan Brown, noted soaring metal prices at “historic high levels” as a clear indication that the time to move forward aggressively is now. Vowing to strike while the iron is hot, Brown explained that the company’s plans for an active exploration and near-term drill program for the Zebra property, based on the recommendations in the new 43-101 (announced Feb 6, 2012) and Asarco report, are designed to fully exploit this opportunity. SRK Consulting of Tucson, Arizona, was engaged to update Tombstone’s NI 43-101 technical report.
The SRK 43-101 comprehensively looks at every aspect of the district extant, from discovery in 1877 to the present and is 119 pages of distilled, pertinent recommendations on exploration. TMBXF is eager to execute on its growth strategy and has the tools and data in hand to proceed effectively.
With sovereign debt crises still looming large on the global economic stage, gold, silver, copper, and other minerals are seeing increased demand (along with commodities in general) as spending power also decreases. This is an opportunity for mineral developers to generate growth and as things on the global stage heat up, so too will the precious and industrial metal markets.
For more information on the new permits, or to stay up to date on the latest developments at Tombstone Exploration Corp., please visit the company’s website at: www.TombstoneMining.com
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