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Mansfield-Martin Exploration Mining, Inc. (OTC: MCPI) Breaking News
January 4, 2018

 


MANSFIELD-MARTIN EXPLORATION MINING, INC. ANNOUNCES PAYMENT ARRANGEMENT WITH SILVERBACK CRYPTO-CURRENCY

Company to provide payments for Mine Run Program through Qu Ltd. ICO.


Tombstone, Arizona – January 4, 2018 - Mansfield-Martin Exploration Mining, Inc. (OTC: MCPI) announced today that it has expanded its preliminary arrangement with Qu Ltd. Mansfield-Martin previously agreed to provide up to 5 million oz. silver doré to Qu, Ltd. to support the Silverback ICO. Joint Venture owners in the Mine Run Program will now have the option of taking returns in Silverbacks, Qu Ltd.’s current ICO, as well as doré or US currency.

The Silverback is a cooperative decentralized crypto coin running on the Ethereum block chain. Qu Ltd. will offer 5,000,000 coins, each backed by 1 oz. of .999 silver. Pricing for Silverbacks will be exclusively in Ether, and set at a sliding discount to spot silver pricing: 50% over the first 10 days; 25% over the second 10 days; 10 % over the third 10 days; and 5% over the fourth 10 days. The ICO has a term of 60 days; thereafter, Silverbacks will be priced by traditional auction/bid-ask methods. If less than 75% of the Silverbacks are purchased, all funds will be returned to subscribers.

Mansfield-Martin’s Mine Run Program covers processing of approximately 165,000 tons of previously mined and unprocessed materials on four historic mine sites in the Tombstone Mining District. Preliminary estimates are for upwards of $55 million in silver, gold and other metals to be produced from these deposits. The company anticipates delivery of its portion of the silver production to Qu, Ltd. in accordance with the parties’ streaming agreement, with a portion of the payment in Silverbacks. The other parties in the joint venture can now elect the same crypto-currency payment option.

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 335 million shares issued and over 200 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.
Contact:

Corporate Services
Mansfield-Martin Exploration Mining, Inc.
Information@mansfieldmartin.com
1137 Highway 80 East
P.O. Box 1218
Tombstone, Arizona 85638

SOURCE Mansfield-Martin Exploration Mining, Inc.

 

Mansfield-Martin Exploration Mining, Inc. Announces Finance Plans

Company to Joint Venture for development/expansion funds


Tombstone, Arizona – Dec. 12, 2018 - Mansfield-Martin Exploration Mining, Inc. (OTC: MCPI) announced today development plans for its mining properties in central Idaho and Arizona. Mansfield-Martin’s properties, covering patented deeds along with federal and state claims, are located on, or on a favorable trend to, historically productive mine sites. Mine run in surface dumps shows commercial value and can be inexpensively processed from the patented property to fund future development. Mansfield-Martin will contribute its interest in the property, and is negotiating with finance partners in Vienna (Austria), New York and Atlanta who will commit up to $3 million for preliminary fieldwork, claim extensions, and to begin processing a portion of the mine run from past workings.

John T. Bauska, President and Chairman of Mansfield-Martin, stated, “This will be a great deal for us. These properties are special, and we’ll involve several excellent partners with experience funding developmental mining properties and claims. We should be in production within 90 days after the thaw in March or April 2018, and we'll have all winter to arrange equipment and manpower. As we’ll go in Tombstone, leveraging the production from mine runs gives us the capital to reopen and build on previous deeper workings.”

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 and in Idaho, both in historically prolific silver and gold production areas. Mansfield-Martin is an SEC-Reporting company, and has approximately 335 million shares issued and outstanding and over 2000 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.

Contact:
Corporate Services
Mansfield-Martin Exploration Mining, Inc.
Information@mansfieldmartin.com
1137 Highway 80 East
P.O. Box 1218
Tombstone, Arizona 85638

Source: Mansfield-Martin Exploration Mining, Inc.

 

Mansfield-Martin Exploration Mining, Inc. Announces Deal With Silverback Crypto-Currency ICO


Tombstone, Arizona – Nov 20, 2018 - Mansfield-Martin Exploration Mining, Inc. (OTC: MCPI) announced today that it has entered into a letter of intent with Qu Ltd. to provide up to 5 million oz. silver dore´ to back a new crypto-currency offering.

The Silverback is a cooperative decentralized crypto coin running on the Ethereum block chain. Qu Ltd. will offer 5,000,000 coins, each backed by 1 oz. of .999 silver. Pricing for Silverbacks will be exclusively in Ether, and set at a sliding discount to spot silver pricing: 50% over the first 10 days; 25% over the second 10 days; 10% over the third 10 days; and 5% over the fourth 10 days. The ICO has a term of 60 days; thereafter, Silverbacks will be priced by traditional auction/bid-ask methods. If less than 75% of the Silverbacks are purchased, all funds will be returned to subscribers.

Qu Ltd. has entered into joint ventures with operating mining companies and the owners of mineralized properties to utilize proprietary extraction and refining technology for production of up to 5 million oz. silver per year. Provided it finds sufficient production, Qu Ltd. expects to offer 5 million new coins per year. Qu Ltd. shares Mansfield-Martin's commitment to environmentally responsible mining techniques, and has agreed to allocate a portion of its returns to remediation and habitat recovery. It expects the first 5 million oz. silver will be hallmarked and warehoused within 12-16 months after the Silverback ICO closes.

Under the agreement, silver produced from Mansfield-Martin's properties for the Silverback Non-Revocable Trust will be priced at a 22% discount to spot, with Qu Ltd. providing Proof-of-Funds or a suitable Letter of Credit prior to commencement of production. Mansfield-Martin also has the right to obtain portions of its payments in Silverbacks.

John T. Bauska, President of Mansfield-Martin, stated, "The Silverback ICO jumpstarts our production cycle. We've allocated the previously mined materials in surface dumps on a portion of our historical mine sites in the Tombstone Mining District that are estimated to hold over $65 million in silver, gold and other metals -- that's a big part of Qu Ltd.'s requirements for the next couple of years. We have additional properties we can commit in later periods, if we don't develop them on our own. If we choose payment in Silverbacks, we can participate in future market price increases as well."

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 335 million shares issued and over 200 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.

Contact:

Corporate Services
Mansfield-Martin Exploration Mining, Inc.
Information@mansfieldmartin.com
1137 Highway 80 East
P.O. Box 1218
Tombstone, Arizona 85638

Source: Mansfield-Martin Exploration Mining, Inc.

 

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About Mansfield-Martin Exploration Mining, Inc.:


Operations
Mansfield-Martin is managed by a highly qualified board of directors with the day to day direction of Chairman & CEO J. T. Bauska and Operations by J. H. Escapule.

Capitalization
Mansfield-Martin is an SEC-reporting company (ex-MCPI, Inc.). Please review the Company's filing by Clicking Here for information concerning its capitalization, financial condition and other important matters. The Company's common stock trades in the OTC market.

Project & Development
Mansfield-Martin intends to develop its acreage by recovery of known precious metals from in excess of 250,000 tons of already mined material and deep mining of existing high-grade ore deposits, including re-entry of existing shafts with modern technology and equipment.

During Phase I, Mansfield-Martin will harvest already mined material, which is now commercially viable due to current market prices and enhanced processing methods. Estimates are that approximately $75 million in silver and gold can be recovered from these materials, and operations can commence under current permitting as soon as equipment can be acquired and put to use.

Simultaneously Mansfield-Martin will initiate Phase II, reopening the historic deep mines of Tombstone, which commenced production in the late 1870's and have been inactive since the early 20th Century. Upon obtaining necessary permits and arranging equipment and power, Mansfield-Martin plans to drive a new main decline, accessing miles of horizontal tunnels already in place, with ventilation shafts, and then proceed with traditional stope mining by demolition and recovery from alternating levels of the existing mines. Historical production figures are only somewhat reliable, but consensus numbers all exceed $850 million from the Tombstone Mining District, at current prices.

Recent estimates based upon scientific site analysis and assays are that only approximately 25% of the marketable ore has been produced, leaving a vast resource to develop. At least one Certified Professional Geologist has opined that the value of resources in the District will exceed the recovery from Bisbee and Tombstone Mining Districts combined, in excess of $20 billion. The mines were adequately constructed and shored, with well-documented engineering, but modern equipment permits far more efficient recovery and larger stopes, allowing for Mansfield-Martin’s alternating level mining plan. In addition, many tunnels were back-filled when closed as a safety precaution; the material used to fill is low to moderate-grade ore, and is commercially viable to process at current market prices. Phase III will concentrate on additional acreage in Mansfield-Martin’s portfolio, including the western portion of the District and Ground Hog claims, contains similar existing deep mines of uncertain condition and large deposits of medium- to high-grade ore within a reasonable depth from the surface; these properties should these be amenable to similar enhanced mining techniques, dependent on the outcome of a comprehensive drilling and testing program and “fill-in” work on the existing mineralization grid.

Tombstone Yesterday & Today
Silver and other precious metals were discovered in the Tombstone Mining District in the late 1850s, and first mined in the late 1870s. Tombstone boomed, and by the 1890s, nearly 200 stakeholders mined separate claims in the District. There were a few large mines, including the Contention and Tough Nut, but most development was on claims sold by the square foot to owner-operator crews of two or three. Although many individual fortunes were made, large scale development was limited by the competing interests of numerous small holders, and their restricted access to capital.

Significant mining operations practically ceased before WWI due to declining silver prices and a series of financial panics. Cornish steam pumps brought in to allow mining of exceptionally rich silver deposits below the water table failed regularly. Subsequently, the U.S. exited the silver standard, driving silver prices down even further. Over 260,000 oz. of gold and 32.5mm oz. of silver were processed in the District during the period ending in 1923, along with commercial quantities of lead, zinc and copper. Geologists calculate that only approximately 25% to 40% of the available reserves have been mined from existing mines, leaving mineralization with estimated values of up to $5b. No reliable estimates are available for the deeper, below-the-water table mineralization, which could exceed these amounts. Furthermore, assays of scattered drill core tests reveal substantial shallow ore bodies and some alluvial placer deposits in the western portion of the District. At least one geologist contends the entire District contains precious metals equal to those taken from the Bisbee Mining District, which have exceeded $16b at current values.

SOURCE: http://www.mansfieldmartin.com/




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