Sep 4 2013
Tombstone Exploration Corporation announced today that it has renewed all its Bureau of Land Management ("BLM") mining claims in the Tombstone Mining District located in the State of Arizona. TMBXF has paid all required fees prior to the due date of September 3, 2013 and is the largest landholder in the Tombstone Mining District.
TMBXF’s neighbor, Eurogas, Inc., has also paid the fees due on its 82 claims, which connect at the south end of TMBXF’s claims and also borders the claims previously filed by Freeport McMoran of Phoenix, Arizona, one of the largest copper-gold producers in the world.
TMBXF and Eurogas, Inc. are currently working on a Strategic Partnership moving forward that will allow the two companies to continue exploration and development jointly on one of the most prolific mining properties in the historic Tombstone Mining District in Arizona.
Alan Brown, President of TMBXF, stated, “With prices for metals maintaining high levels, we are currently planning an active exploration and development plan for the balance of 2013 and 2014. Our plans include an active exploration and eventual drill program to confirm the gold targets on the Zebra property and moving to permit this property as soon as possible. Our other main targets are the large porphyry Copper targets as identified by the ZTEM Geophysical Program completed by Geotech Ltd. The porphyry targets identified by the ZTEM program start on the northern boundary of TMBXF’s land holding and continue through to the southern borders of Eurogas Inc.’s property.
The Tombstone Exploration Project is an exploration and development project within the historic Tombstone Mining District, Cochise County, southeastern Arizona. Detailed studies of the minerals of the Tombstone Mining District have shown a large number and wide assortment of mineralization including silver, gold, copper, lead, and zinc minerals, which have been described along with manganese, tellurium, molybdenum, and vanadium. Although Tombstone is famous for bonanza silver deposits and is essentially a precious-metal district, the porphyry copper model of Lowell and Guilbert (1970) suggests the presence of a buried porphyry copper deposit at depth. Tombstone has the minerals rights to 11,863 acres of historical mining land and is the largest land holder in the Tombstone Mining District.
Source: http://www.tombstonemining.com/