The Harquahala Mine has been tested and shown to have recovery potential for 26,000 - 50,000 ounces of gold
Tombstone Exploration Corporation (OTCQB:TMBXF) (“Tombstone”, “Tombstone Exploration”, or the “Company”), a fully reporting U.S. based mining company, in partnership with Goldrock Resources Inc. (together, the “Bonanza Mining Company” or the “Partners”), is excited to announce that the Company has received the permit necessary to launch construction and shortly thereafter active gold production at the Harquahala Mine.
The Harquahala Mine has been tested and shown to have recovery potential for 26,000 – 50,000 ounces of gold. The current spot gold price is over $1700/oz.
Management notes that the Company just received notice from the Arizona Department of Environmental Quality (“ADEQ”) that ADEQ “hereby authorizes Bonanza Mining Company to operate the Harquahala Mine, a gold mine located in an unincorporated area 8 miles south of the Town of Salome, La Paz County, Arizona” based on the issuance of AQUIFER PROTECTION PERMIT NO. P-512944, which will remain effective for the life of the facility.
The issuance of this permit allows for the construction of a 242,000 cubic yard heap leach pad and a 4,126,239-gallon double-lined pregnant solution pond, where consolidated historic ores and tailings at Harquahala will be subject to gold extraction through conventional cyanide leaching.
“We would like to thank everyone who had a hand in helping this project graduate to its construction phase,” commented Alan Brown, Tombstone CEO and President. “It has been an efficient process and we look forward to the immediate initiation of construction and then production operations.”
Source: Company Press Release