Mansfield-Martin Exploration Mining, Inc. announced on March 13th, 2019 that it (1) has accomplished conditions for acquiring an extra 200 acres of “keyhole” property that will permit it to completely access its other silver land in the Tombstone Mining District, (2) is completing its auditors’ “punch list” awaiting introduction of its SEC-reporting current, and (3) is planning its Spring 2019 drill/assay program.
The Company possesses an agreement in principle to buy the 200-acre tract outright and will officially announce the acquisition upon implementation of a material definitive agreement. The punch list of auditors incorporates a need for an update on financing and capital requirements to advance its TMD properties to prevent impairment; this financing information is imminent. The Company’s Spring 2019 drill/assay program involves completion of the grid pattern for its newly purchased properties and parts of the West Tombstone Mining District.
We’ve got most of our fill-in property work done now, giving us access to work pretty much all of our properties in and near the city. It took us longer than expected to get back on track after our last auditor quit the business, but our financing efforts have been promising and the economics of precious and strategic metals mining and recovery are on the upswing. It’s time to get back to work.
John T. Bauska, President, Mansfield-Martin Exploration Mining.