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Tombstone Exploration Corporation (OTCQB: TMBXF) reported the successful production of 210 ounces of Dore gold, marking its third pour in collaboration with Goldrock Resources and the Bonanza Mining Company. The Dore was processed by Metals Research and sent for refinement. As part of an expansion plan, the company is upgrading its heap leach pad by increasing stacking and hiring additional staff, including a Metallurgist Engineer. The Bonanza Mine has significant potential for gold and silver production across its 2,656 acres in Arizona.
Tombstone Exploration Corporation (OTCQB: TMBXF) has reported a significant increase in production, achieving 262.59 oz of Dore from its Bonanza Mining operations, representing over a 300% rise from the previous 83.7 oz. This milestone follows continued enhancements to the Bonanza Leach System, with 35,000 tons of rock currently on the leach pad. CEO Alan Brown expressed optimism about ongoing production improvements as gold prices remain stable at $1,780/oz. The Bonanza Mine, encompassing 2,656 acres, is expected to yield substantial gold and silver in future phases.
Tombstone Exploration Corporation (OTCQB: TMBXF) announced its first production pour in collaboration with Goldrock Resources and Bonanza Mining Company at the Bonanza Harquahala Mine, starting on June 3, 2021. A total of 83.7 oz of Dore was produced, with payment expected the week of July 12, 2021. The mine’s leaching process involves 35,000 tons of rock, enhancing gold and silver recovery. President Alan Brown highlighted ongoing improvements in production and leaching processes, aiming for increased output in the coming months as operations progress.
Tombstone Exploration Corporation (OTCQB: TMBXF) has commenced the leach process at the Bonanza Harquahala Mine as of June 3, 2021. Approximately 35,000 tons of rock are on the leach pad, and carbon is being utilized to extract gold and silver. The company anticipates shipping its first carbon within two weeks, dependent on the leaching process. CEO Alan Brown highlighted the positive trajectory of gold prices, currently above $1900. The Bonanza Mine encompasses significant underground operations across 2,656 acres in Arizona, with plans for continuous carbon delivery to processing facilities.
Tombstone Exploration Corporation (OTCQB: TMBXF) has commenced recirculation of solution on its leach pad, marking a pivotal step in gold and silver production. With 25,000 tons of crushed rock stacked, the company is currently recirculating approximately 150 gallons of water per minute to establish protective alkalinity and prepare for leaching. An additional 475,000 tons of mined rock will be added to the pad over the next few months. President and CEO Alan Brown highlighted this as a milestone event, anticipating production to follow shortly. The Bonanza Mine project spans 2,656 acres with substantial underground workings.
Tombstone Exploration Corporation (OTCQB: TMBXF) announced that the first batch of crushed rock at the Bonanza Harquahala Gold Mine is ready for processing, with loading commencing this week. Approximately 25,000 tons of high-grade gold material will enable swift leaching and recovery operations. An agglomerator and necessary equipment have been set up for operation. The mine benefits from a substantial water supply of over 250 gallons per minute and all cyanide infrastructure is in place. CEO Alan Brown noted COVID-related delays of up to five months have impacted the project timeline.
Tombstone Exploration Corporation (OTCQB: TMBXF) announced that the construction phase for the Bonanza Harquahala Gold Mine is progressing well, with production set to start in early November 2020. Key milestones include the completion of pad earthworks ahead of schedule, delivery of essential equipment, and finalized contracts for cement and cyanide. The project spans 2,656 acres and aims for an initial production of 23,000 ounces of gold. The Bureau of Land Management's Environmental Assessment supports the project, highlighting its potential for economic growth and job creation.
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