TOMBSTONE, AZ, March 13, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Mansfield-Martin Exploration Mining, Inc. (OTCMKTS: MCPI) announced today it 1) has reached terms for the acquisition of an additional 200 acres of “keyhole” property that will allow it to fully access its other silver acreage in the Tombstone Mining District, 2) is completing its auditors’ “punch list” in anticipation of bringing its SEC-reporting current, and 3) is planning its Spring 2019 drill/assay program.
The Company has an agreement in principle to purchase the 200-acre tract outright and will formally announce the acquisition upon execution of a material definitive agreement. The auditors’ punch list includes a requirement for an update on financing and capital requirements to develop its TMD properties to avoid impairment; this financing information is pending. The Company’s Spring 2019 drill/assay program includes completing the grid pattern for its newly acquired properties and portions of the West Tombstone Mining District.
John T. Bauska, President, stated, “We’ve got most of our fill-in property work done now, giving us access to work pretty much all of our properties in and near the city. It took us longer than expected to get back on track after our last auditor quit the business, but our financing efforts have been promising and the economics of precious and strategic metals mining and recovery are on the upswing. It’s time to get back to work.”
About Mansfield-Martin Exploration Mining, Inc.
Mansfield-Martin Exploration Mining, Inc. is principally engaged in a variety of mining activities on owned and claimed property in Arizona’s Tombstone Mining District, a historically prolific zone of silver and gold production. Mansfield-Martin is an SEC-Reporting company, and has approximately 360 million shares issued and over 800 shareholders. Additional information can be found at www.mansfieldmartin.com or in its SEC filings at https://www.sec.gov/cgi-bin/browse-edgar?company=Mansfield-martin&owner=exclude&action=getcompany.
Safe Harbor Statement
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements, trends, analysis, and other information contained in this press release including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," and other similar expressions of opinion, constitute forward-looking statements. Any such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.