Here is a description of the holdings from the tombstone site itself where news releases are listed:
Note mention of 2 separate areas, 450 acres and 145 acres. Note also that I did not use the word "extensive" as you claimed. I called the holdings "significant" based on the history of some of the largest reported silver deposits in the area and holdings showing deep copper formations on geological surveys and its proximity to a major copper producers land holdings.
Phoenix, AZ—November 17, 2016--Tombstone Exploration Corporation (OTCPK: TMBXF), a fully reporting company, announced today that the renewal of its Exploration Permit encompassing 450 acres for Section 16 in the Tombstone Mining District. 145 acres of patented mining claims in Section 16 is also owned by TMBXF.
The location of Section 16 is two miles southwest of the town of Tombstone, Cochise County, Arizona. It is comprised of many of the historical silver mines in the district including: San Pedro group (Fox claims), State of Maine, Merrimac, Free Coinage, Chance, Bonanza, Santa Ana, Solstice, Annex 40 and 41 (Ace-in-the-Hole), Black Horse, the Joseph group, Mamie, Sailor, Randolph, and Groundhog. The total strike length of these structures is estimated to be in excess of 7,000 meters.
Tombstone is mainly considered a precious metal district, famous for its bonanza silver deposits, however the porphyry copper model of Lowel and Gilbert (1970) suggests the presence of a significant porphyry copper deposit at depth.
In prior years , the company commissioned Geotech Ltd., the world leader in airborne geophysical surveying techniques, to prepare a ZTEM report. Results of this report indicated the geological presence of a deep-seated porphyry copper ore body similar to other large porphyry copper ore deposits throughout Arizona. The ZTEM report, conducted via a helicopter, flew over TMBXF’s property and scanned the ground to a depth of 6000 feet. This well-regarded and comprehensive report showed TMBXF’s property contains significant porphyry structures resembling known porphyry copper deposits that had previously been successfully defined by ZTEM. An NI 43-101 technical report was updated for this property by the SRK Group. Through its work with a large number of major international mining companies, the SRK Group has established a reputation for providing valuable consultancy services to the global mining industry.
Alan Brown, President of TMBXF, stated, “Section 16 is also the center of a large porphyry copper silver gold target identified by the ZTEM geophysical program that was completed by TMBXF. Copper has recently grabbed investor’s attention as it has lagged behind other commodities the last few years. We expect to see a larger increase in the copper price out of the range it is in now.” TMBXF will issue an update on the exploration of the Stardust project shortly as we have done an extensive sampling and geophysical program over the last year on these BLM claims in Yuma County, Arizona.
The State of Maine Mine is 145 acres of patented mining claims owned 100% by TMBXF and has the potential for the discovery of a very large porphyr copper gold discovery at depth. This is the center of one of the most important targets in the Tombstone Mining District.
A prior sampling program on Section 16 included 115 samples that had incredible high gold and silver assays. The results include rock samples collected from outcrops, mine dumps, trenches, and underground workings. The two highest samples returned assayed values of 609.50 ounces per ton (opt) of Ag (silver), 0.396 opt Au (gold) and 81.70 opt Ag and 0.180 opt Au. The highest of these samples, sample 49373, was a selected sample collected from the Santa Ana mine (Joseph Vein) workings at the 18 meter level across a 10 cm. wide fault. (An earlier selected high grade sample collected from the 10 meter level of the Santa Ana mine (Joseph Vein), sample SA 35-0, assayed 971.40 opt Ag, 0.335 opt Au across a 5 cm. width.
As for the stardust project, the drilling progress has been outlined in the most recent news release and assay results are expected soon based on the stated timeline. I expect that this information is a good start in terms of DD. As for things "not adding up" all the information I summarized is gleaned from publicly available news releases and posted company information on the Tombstone website: tombstonemining.com
Jacob J. Rosenblum on what every lawyer knows.
“If the facts are against you, hammer the law. If the law is against you, hammer the facts. If the fact and the law are against you, hammer opposing counsel."
