Loading, Please Wait...
PHOENIX, July 16, 2019 (GLOBE NEWSWIRE) -- Tombstone Exploration Corporation (OTC PINK: TMBXF), a fully reporting company, announced today in combination with Goldrock Resources Inc., the submission of the Air Quality permit for its Harquahala Phase 1 joint venture heap leach project located in La Paz County, Arizona.
The Bonanza Mine property includes the Harquahala and Golden Eagle mines, located approximately eight miles south of Salome, Arizona. The project totals 2,656 acres and has significant underground workings, from which some 180,000-200,000 ounces of gold were reportedly produced from high-grade ore in the late 1800s and early 1900s. Mined rock and tailings from previous operations represent an additional potential resource.
The Bonanza Mining Company (Joint Venture Company) (Bonanza) identified that their permitting engineers, CDM Smith, submitted the Air Quality permit on July 2nd and received a determination of completeness letter the same day. The completeness determination effectively starts the clock for the air permit engineering review with expectations of completing the air permitting expected in November.
Bonanza also identified that the company received the Corp of Engineers (USACE) 404 jurisdictional determination review from CDM Smith. The determination identified that the recovery of material, rock, and tailings along with construction and operational activities of the heap leach operation do not fall within the jurisdiction of the USACE and that there is no need to engage the USACE. CDM Smith also identified that the two major drainages in the area may be jurisdictional but any maintenance or repair activity of any roads crossing these drainages can be completed under the Maintenance Exemption Summary (CWA Section 404(f)) and would not require USACE engagement.
Further to the environmental activities at Harquahala, Bonanza with CDM Smith continues to work towards submittal of the Arizona Aquafer Protection Permit. A BLM Plan of Operations for materials located on BLM land has also been started and two previously drilled and intact water wells are also being reviewed as possible water sources for the project. These permits and well determinations should be completed and submitted towards the third week of July.
About Tombstone Exploration Corporation
Tombstone Exploration Corporation is a gold, silver and copper exploration 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.
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.
Tombstone Exploration Corporation
Alan M. Brown, President