Tombstone Exploration Corporation Inc., a metals and minerals exploration and mining company controlling one of the biggest mining properties in southern Arizona, recently announced that it had closed a lease agreement for the Eagleville property in Mineral County, Nevada. The property, on the western edge of Nevada, represents a bit of a shift for the company, which has focused on the Tombstone Mining District in southern Arizona. However, it is a mesothermal gold-silver vein system, representing a mid-stage gold-rich prospect, which, together with the company’s other holdings, enhances the opportunity to take advantage of price increases in both gold and silver.
The Eagleville property is located in the prolific Walker Lane Structural belt that hosts bonanza grade mineralization, such as that seen at Goldfield, Round Mountain, and Paradise Peak gold districts of Nevada. It is approximately 5 miles east of the Kennecott Rawhide gold-silver mine where over 1 million ounces of gold and 9 million ounces of silver have been recovered.
The Eagleville property has historically produced multi-ounce gold ore and chemical grade barite ore. Unofficial records indicate that the average grade of gold ore was approximately 1-2 ounces of gold per ton. Type examples of this style of vein system indicate mineralization extends to depth, and the veins found on the property may be just the upper level of a larger mineralized system.
It is situated in a favorable geological environment where previous mining has taken place. With the extensive surface alteration, historic underground mining, and the property having never been drilled, the project exhibits potential to host significant gold and silver mineralization. Additional work is planned to explore the extension of the Eagleville mineralized systems under the adjacent overburden.
Tombstone CEO, Alan M. Brown, said, “The exploration and development already completed on the Eagleville property are incredible. We are currently forming a team of professionals to execute our exploration activities as we plan our best strategy for development.”
For more information, see the company’s website at www.tombstonemining.com.
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