23:55:36 EDT Sat 11 May 2024
Enter Symbol
or Name
USA
CA



Tombill Mines Ltd
Symbol TBLL
Shares Issued 222,000,000
Close 2024-03-05 C$ 0.015
Market Cap C$ 3,330,000
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Tombill talks plans for Geraldton exploration project

2024-03-22 13:22 ET - News Release

Mr. Athanasios Pythagoras reports

TOMBILL PROVIDES UPDATE ON GERALDTON PROPERTY

Tombill Mines Ltd. has provided an update on its plans for its exploration project situated in Geraldton, Ont. The company is currently reviewing the results of its previous drilling phase and intends to spend approximately $60,000 in 2024 on a new geological assessment, of which over $30,000 has already been spent this year. The analysis of relevant geological data being undertaken by the company and its advisers may culminate in a new work program with expenditures exceeding $50,000 for later in 2024, which may involve a new drilling phase. The project has been on care and maintenance since 2022 and will continue to be on care and maintenance until the work program is finalized.

About Tombill Mines Ltd.

Founded in 1935 by Newmont Mining and prospectors Tom Johnson and Bill Johnson, Tombill owns two of the 10 past-producing mines in the Geraldton gold district, four claim groups, of which three are situated in the Geraldton gold district of north-central Ontario (about 225 kilometres northeast of Thunder Bay). Geraldton offers optimal and installed mining infrastructure. Holdings comprise 74 royalty-free mining claims (60 fully owned patented claims, five leases, nine mineral rights only). Of these, the 51-patented-claim Main group is in the centre of the Geraldton gold district and straddles the Trans-Canada Highway; the five-claim Ellis group lies four km south of the town of Geraldton; and the original Tombill mine group of six patented claims sits 10 km west-southwest of Geraldton.

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