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TMBXF is a good option to exploit gold

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sweetlou   Friday, 09/20/19 10:11:13 PM
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TMBXF is a good option to exploit gold prices:
1. Gold continues to gain given world events
2. Bonanza project could allow TMBXF to produce gold more quickly than a typical time scale due to the logistical advantages of working initially with surface material.
3. Production costs are fixed meaning higher profits with increased gold price. Bonanza Project was started with gold in the range of $1100-1125 per ounce (as opposed to current $1500 range)
4. Per 20-F they have large tax loss carry forward to offset profits from Bonanza and limestone projects

https://www.tombstonemining.com/properties/bonanza-project

Some excerpts of history and projections:


HISTORY – Gold was discovered in the Harquahala area in 1862. There were a reported 120,560 ounces of gold from the mine from 1891 to 1929. Grades of gold were reported to be over an ounce per ton of gold from the Bonanza mine. .

The Bonanza Mine Area is 5 miles North of I-10 Exit 53 (Hovatter Rd), ~110 miles West of Phoenix Airport.
+180,000 oz Au (Gold) mined 1880s-early 1900s, @ 1+ oz Au/ton: high angle shear zones on thrust sheets
Mine water table at ~200’; Gold Zone continued; mill could not process sulfides, so not mined
Potential low-grade targets along miles long thrust plate.
Bonanza mine/mill left 500,000+ tons dumps/tails @ 0.04-0.10 oz Au/ton containing 25-40,000+ oz Au
Previous/current leach test-work on tailings/dumps indicate recovery of Au @ 88%+; Ag @ 25% +

FUTURE PREDICTIONS – The Bonanza Project is Tombstone’s latest acquisition. The project will be in partnership with Richard Moores, CEO and Director of Goldrock Resources, Inc., and Todd Fayram, Director of Goldrock Resources, Inc., who have a 60% majority investment in the project. Bonanza Area Claim Block with Defined 250-350k oz Au Target Areas.1-1.5+ MM oz Au Overall Potential

$3 MM Bonanza Heap Leach to generate US$20-35+ million within 12 months of startup.


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."
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