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Tombstone Exploration Corporation Announces Agreement with 5D Mining & Construction, Inc. to Build Heap Leach Pad for Bonanza Harquahala Mine
Tombstone Exploration Corporation Announces Agreement with 5D Mining & Construction, Inc. to Build Heap Leach Pad for Bonanza Harquahala Mine.
About this update from Tombstone Exploration Corp.
[{"type":"text","content":"\n PHOENIX, May 20, 2020 (GLOBE NEWSWIRE) -- Tombstone Exploration Corporation (OTCQB: TMBXF), a fully reporting U.S.-based mining company, is pleased to announce in partnership with Goldrock Resources Inc. and the Bonanza Mining Company the execution of a significant contract with 5D Mining & Construction, Inc. (“5D”) for the building of the heap leach pad for the Bonanza Harquahala Mine. Phase One construction of the Bonanza Heap Leach Project is anticipated to start on or about May 25, 2020, with full project completion expected by mid-September. Per the contract, 5D will supply labor, equipment and materials to perform all of the civil work and liner installation for phase one. “We are now moving into the construction phase of the leach pad with an estimated completion of the construction within 12 to 16 weeks,” stated Tombstone CEO and President Alan Brown. “Once the construction is complete, we will start moving an estimated 500,000 tons onto the leach pad and begin an estimated six to eight-month processing period for all of the mined material in Phase One. Once leaching has started, bi-weekly delivery of the carbon to our designated gold processing facility is expected. Based on past metallurgical testing, production is budgeted at 23,000 ounces of gold with potential for more. “We are highly confident in our test results and expect our first gold pour in mid to late September,” stated Bonanza Manager Todd Fayram. Phase Two, currently under consideration, includes a much bigger package where we have potentially identified 150,000 – 300,000 oz of Au in defined underground targets in and around the old Harquahala mine with significant upside potential. The 5D contract for construction for this first phase of the Bonanza Heap Leach Project includes all survey work required for layout and grading, debrushing the work area, demolishing obstructing concrete structures, relocating and stockpiling the existing tailings, mass grading for the PLS pond and leach pad, all trenching and backfill for the liner anchor trench, fine grading for the liner, installation of the liner and perforated drain pipe, including required support work. Over the course of its 20-year history, 5D has become a major construction company in and out the mining industry and is one of the most respect...