MEXICO AND CENTRAL AMERICA — Tombstone acquires Agalteca deposit

A program of linecutting, trenching and soil and rock sampling is under way at the Agalteca deposit in Honduras.

Tombstone Explorations (TSO-V) is also resampling existing core from its recently acquired 7,700-ha property, situated 30 km from the capital city of Tegucigalpa in central Honduras.

The program is aimed at evaluating the distribution of precious- and base metal-enriched zones that occur within a mineralized system.

In colonial times, the property was mined for iron by the Spanish. This century, various companies continued to evaluate the iron potential, culminating in the definition of an iron reserve of more than 10 million tonnes grading 50% iron.

Tombstone is evaluating the gold and base metal potential of the deposit.

Work to date has outlined a large skarn mineralized body about 3 km long and up to 2 km wide. Several other skarn bodies occur on the property; the majority of these consist of highly altered limestone with isolated bodies of massive magnetite.

Recent surface sampling has returned large silver-in-soil anomalies of copper, lead and zinc. Individual samples returned up to 12 oz. silver, 2% zinc, 1% copper and 0.6% lead. Gold estimates are not yet available.