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Mining industry

Tombstone Exploration Corporation Completes Helicopter-Borne Time Domain Electromagnetic GeoPhysical ZTEM Program

Strategic Insights

— 1 min read

Tombstone Exploration Corporation has announced the completion of its Helicopter-borne time domain electromagnetic GeoPhysical ZTEM program, a significant step in the company's exploration efforts in the Tombstone Mining District. The program's high-resolution imaging capabilities will aid in identifying targets for a potential giant, high-grade porphyry copper-gold deposit. The company's focus on exploration and development of mineral resources is expected to yield significant results, particularly with the prospect of discovering a Resolution-style deposit in the area.

Key Takeaways:

  • The ZTEM program covered over 200 line miles and most of the Tombstone Mining District, with the ability to gather data up to 6,000 feet (1.25 miles) below ground surface.
  • The data will be interpreted to provide targets for a giant, high-grade porphyry copper-gold deposit that can be mined by open pit or block caving mining methods.
  • The project is located in the Tombstone Mining District, 25 miles north of the historic Bisbee porphyry copper mine, and is situated 150 miles southeast of the Resolution deposit.
  • Alan Brown, CEO of Tombstone, stated that the company aims to analyze the data and set targets for further development of the project.
  • Tombstone Exploration Corporation holds the mineral rights to approximately 14,000 acres of historical mining land in the Tombstone area and is the largest landholder in the district.
  • The company also has the mineral rights to 1,000 acres in Mineral County, Nevada, at the Eagleville property, a gold-rich prospect in the Walker Lane Structural belt.

Statistics:

  • 200 line miles covered by the ZTEM program
  • 6,000 feet (1.25 miles) below ground surface capable of gathering data
  • 1.34 billion tonnes containing 1.51% copper and 0.04% molybdenum in the Resolution deposit
  • 14,000 acres of historical mining land held by Tombstone Exploration Corporation in the Tombstone area
  • 1,000 acres of mineral rights in Mineral County, Nevada, at the Eagleville property

Sources:

  • Tombstone Exploration Corporation press release, July 21, 2010
  • Marketwire, Inc., "Tombstone Exploration Corporation Completes Helicopter-Borne Time Domain Electromagnetic GeoPhysical ZTEM Program" (July 21, 2010)
  • Securities Act of 1933, as amended
  • Forward-looking statements in Tombstone Exploration Corporation's press release, July 21, 2010

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