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Tombstone Exploration Corporation Announces Construction Update and on the Verge of Gold Production; Company Retains Renmark Financial Communications Inc.
Tombstone Exploration Corporation Announces Construction Update and on the Verge of Gold Production; Company Retains Renmark Financial Communications Inc..
About this update from Tombstone Exploration Corp.
[{"type":"text","content":"\n PHOENIX, Jan. 05, 2021 (GLOBE NEWSWIRE) -- Tombstone Exploration Corporation (OTCQB: TMBXF), a fully reporting U.S. based mining company, announced today in combination with Goldrock Resources Inc. and the Bonanza Mining Company that the construction phase is almost completed. The project is on track for the complete build-out of the heap leach pad and pond and install of liner and production equipment at the Bonanza Harquahala Gold Mine in La Paz County, Arizona, and processing the gold will begin. A well was drilled out in the alluvial basin approximately 2.5 miles south of the project site during the last few days and Tombstone has found the water source for the project. The well was drilled to a depth of 700 feet and will produce the required 250 gallons per minute needed for several phases of the project. It is currently being completed and a pipeline is being constructed and placed, which are both permitted under the BLM, La Paz County, and ADWR. The well will become active in approximately one week. The project construction is well advanced with liner being finished in early January. The liner placement was slowed due to COVID-19 issues among the liner placement crew. The crew has been replaced and are now working towards completion. The crusher mobilization has started with the crusher being in place and operational in early January. All other items including the carbon columns, cyanide storage tank, and pumps are on-site and ready for final placement once the liner is done. Todd Fayram, Bonanza Mining Project Manager, stated, “We are very happy to find sufficient water to run the project both now and in the future. This will allow us to complete construction in early January and start placing material on the pad thereafter. This is an exciting time as leach and gold recovery will occur towards the end of January.” Alan Brown, Tombstone Exploration CEO and President, commented, “The new year brings TMBXF’s Harquahala Gold Mine into production. It has been a challenging year with factors occurring beyond our control, but we are ready to start production.” 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.  Once leaching has st...