As requested, some of my takes on recent developments...
TMBXF is executing a new phase of development, outlined in a news release from a week ago
-Phase 1 drilling complete on Stardust property in Yuma county Arizona
-Results justify further more extensive drilling program scheduled for November
-Additionally, an investment grade report completed on all Tombstone properties by middle of Q4, including formal assessment of phase 1Stardust property drilling results
It seems that these commitments and expenditures show in concrete fashion that TMBXF is serious about taking the company to the next level by proving up and documenting resources.
Put that together with the chairman of the board announcement 2 days ago showing leadership and expertise to execute and administer the plans outlined below, I am confident that the company is capable to carry them out.
I noted in a previous post some thoughts on benefits of Arizona specific legislation on gold and silver as currency and desirability of the leverage of a junior mining company for investors desiring a gold related addition to a portfolio. It seems that the timing of recent developments, new plans and the ability to carry them out make TMBXF a unique and desirable opportunity in the gold sector.
For reference, the 9/22 news release is included below:
Phoenix, Arizona--(Newsfile Corp. - September 22, 2017) - Tombstone Exploration Corporation (OTC Pink: TMBXF), a fully reporting company, announced today receipt of results from the phase one drill program conducted on the Company's 100% owned Stardust Gold Project in Yuma County, Arizona.
The initial drill plan for this project was to be completed in two phases, with each phase to be approximately 3000 feet. TMBXF completed phase one drilling, which consisted of 4 holes of the planned 20 hole drill program. These initial holes were completed within a 1 acre area of the Stardust 400 acre land position. TMBXF drill results met management's expectations and confirmed its intent to proceed with phase two. Phase one only touched the surface of the structures identified. Weather and terrain hindered the process and we are scheduling to proceed with phase two of the program starting in November. Phase two will be conducted under optimal weather conditions, enhanced roadway logistics, and a drill plan that will integrate an altered drilling technique that will maximize efficiency and speed for the final 16 holes.
The first phase drill program was designed to establish strike length and test grades over a large enough width within the defined chlorite hematite hosted vein system. The drilling was to define structural continuity (vein continuity along strike), grade of veins and hosting chl-hem zone, and find the width of structures. The program, as designed, has demonstrated grade at reasonably shallow depths. Phase two is designed to confirm the extension of these mineralized structures at a deeper depth and consume more extensive acreage.
Alan Brown, President of TMBXF, stated "We are most pleased with our initial results on the first phase of our drill program. The majority of the assays received for each interval over this initial drilled area present gold and silver and multiple other industrial minerals. All assays will be discussed in a detailed research report to be prepared."
TMBXF is currently in discussions and anticipates to complete a detailed Investment Grade Research Report by the middle of the 4 th quarter. This Report will provide an indepth overview of all of TMBXF's properties, an updated status of the Stardust drill campaign, and future discovery initiatives to enhance shareholder value. The Report will be completed by an extremely well respected group of mining analysts that are followed by investors, mineral exploration investors and institutions throughout the world.
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