Tombstone is an overlooked value in the present beaten down market. It gapped up on Friday, 1/2/98, and is well positioned to add to its present price level of $.49. They have a number of high indicated value properties. The Valle Hondo in Venezuela has 1.6 million oz's gold proven and indicated with the potential to double that amount. Pincock, Allen and Holt estimate 138,00 oz's per year at a cash cost of $238.00.
Another project is Minoro in Honduras.owned 80% by TSO and 20% by Mar-West Resources. An application to change the license from exploration to exploitation has been made. Potential is estimated at a minimum of 1.4 million oz's gold plus copper in near surface , easily open pitted deposits.
Near Tonopah Nevada, TSO is earning in, up to 70%, on 2 projects, Golden Arrow and Midway. Previous work by Kennecot Exploration indicates 477k oz's gold and 6.3 million oz's silver. Midway has a previous indication of 270k oz's gold.
Also acquired is the Tres Marias zinc deposit in Chihuahua, Mexico. There, previous work indicates 3.0 million tons grading 15% zinc and 500 ppm germanium.
Further, they have in excess of 12 early stage exploration projects in six countries.
As of 6/30/97 cash and securities on hand totalled $8.0 million.
They have a website at:
goldgroup.com
The most recent press releases have not yet been posted there, but they are available at Canada Stockwatch. Phone is 604 682 1545. |
