SOURCE: Tombstone Exploration

August 05, 2008 11:10 ET

Tombstone Exploration Corporation's Core From Drill Hole #1 and First 120' of Drill Hole #2 Being Assayed

PHOENIX, AZ--(Marketwire - August 5, 2008) - Tombstone Exploration Corporation (OTCBB: TMBXF) today reported that drill hole TEMC 101 was completed at 980'. Recovery remained exceptionally high due to the triple technology, and the RQD rate in most instances was over 75%. Core has been photographed, diamond split and sent for assay to ALS Chemex.

Drill hole TEMC 102 is under way and is currently at 300'. TEMC 102 is designed to intercept the Santa Ana structure. Ore intercepts are hosted by sedimentary rock units as limestones, siltstones and quartzites of the Bisbee Group with minor occurrences of granitic associated with the Uncle Sam porphyry and feldspar porphyry dikes. Most of mineralization occurs in thin manganese oxide veins of 2-5' (apparent thickness) taking place at a rate of 10-15' apart with wide alteration haloes of argillic alteration and minor silicification along the veins. In most instances, abundant manganese oxide stringers are placed along the alteration haloes. This zone extends in excess of 150'. It is inferred that the manganese oxides carry significant amounts of silver mineralization, which is the case of the historical mineralization observed at the Tombstone silver mining district.

The upper 120' of core has been logged, photographed, diamond split and sent for assay to ALS Chemex. Recovery is considered acceptable, despite the fact that it is strongly affected by faulting. Actually veins are placed along fault and fracture zone in most cases. RQD rate at the ore zones is normally lower than 25%.

Alan Brown, President and CEO of Tombstone Exploration, stated, "The assay results of TEMC 101 and TEMC 102 will be reported as soon as available. We are encouraged with what has been found to date in both drill holes, particularly the prospect for silver."

Tombstone Exploration Corporation (TMBXF) is structured and positioned to capitalize on today's increasing demand and prices for precious metals and base metals such as copper, lead and zinc. Tombstone Exploration Corporation has the mineral rights to approximately 13,500 acres of historical mining land in the areas around Tombstone, Arizona. The Company is the largest landholder in the Tombstone mining district. Through expansion, Tombstone Exploration will acquire new properties, as well as integrate the extraction of precious and base metals. The goal is to produce metals and minerals below standard industry costs.

For more information on Tombstone Exploration Corporation, please visit our web site at www.tombstonemining.com.

FORWARD-LOOKING STATEMENTS

Statements contained herein that are not historical facts may be forward-looking statements within the meaning of the Securities Act of 1933, as amended. Forward-looking statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements are estimates only, as the Company has not completed the preparation of its financial statements for those periods, nor has its auditor completed the audit of those results. Actual revenue may differ materially from those anticipated in this press release. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to Tombstone Exploration Corporation's ability to obtain additional financing. Tombstone Exploration Corporation undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in Tombstone Exploration Corporation's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact Tombstone Exploration Corporation's success are more fully disclosed in Tombstone Exploration Corporation most recent public filings with the U.S. Securities and Exchange Commission.

Contact Information

  • CONTACT:
    Tombstone Exploration Corporation
    Alan M. Brown
    President
    Email Contact
    480-305-4507

    Investor Relations:
    The Eversull Group, Inc.
    Jack Eversull
    972-378-7917
    972-378-7981 (fax)
    Email Contact