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Tombstone Exploration Corporation Announces Upgrade to OTCQB Markets; Permitting Continues on the Bonanza Gold Project
Tombstone Exploration Corporation Announces Upgrade to OTCQB Markets; Permitting Continues on the Bonanza Gold Project.
About this update from Tombstone Exploration Corp.
[{"type":"text","content":"\n PHOENIX, Sept. 03, 2019 (GLOBE NEWSWIRE) -- Tombstone Exploration Corporation (OTCQB: TMBXF), a fully reporting company, announced today in combination with the OTC Markets Group Inc. that TMBXF is approved for trading on the OTCQB Venture Markets as of August 27, 2019. While Tombstone has been a fully reporting company since its inception, the Company believes that the move to OTCQB will provide investor benefits including enhanced reporting standards, greater access to analyst coverage and news services, management certification and more comprehensive compliance requirements. Alan M Brown, Chief Executive Officer, commented, \"We anticipate that the broader exposure afforded by the OTCQB Venture Market will raise our visibility within the investment community, assist in increasing the liquidity of our common stock and help to broaden our shareholder base. Upgrading to OTCQB is a significant milestone for any company, as it provides shareholders and potential investors with greater transparency and liquidity and will help generate exposure of our company to institutional investors.”   The OTCQB is a venture market designed for early-stage and developing US and international companies. To be eligible, companies must be current in their reporting and undergo an annual verification and management certification process. Tombstone continues with its immediate focus on the permitting process for the Bonanza Mine property which 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 1800's and early 1900’s. 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 air permit engineering review with expectations of completing the air permitting in November. The Arizona Department of Environmental Quality (ADEQ) received the required Aquifer Protection Permit (A...