SOURCE: Tombstone Exploration

January 16, 2008 08:00 ET

Tombstone Exploration Receives Encouraging Silver Results From Assay Samples

PHOENIX, AZ--(Marketwire - January 16, 2008) - Tombstone Exploration Corporation (OTCBB: TMBXF) announced today assay results were received for 115 samples taken from its Tombstone Project property within T20S R22E Sections 16 and 17. The results include rock samples collected from outcrops, mine dumps, trenches, and underground workings. The two highest samples returned assayed values of 609.50 ounces per ton (opt) of Ag (silver), 0.396 opt Au (gold), and 4.28 % Pb; and 81.70 opt Ag, 0.180 opt Au, and 0.20 % Pb, respectively. The highest of these samples, sample 49373, was a selected sample collected from the Santa Ana mine (Joseph Vein) workings at the 18 meter level across a 10 cm wide fault. (An earlier -- May 2007 -- selected high grade sample collected from the 10 meter level of the Santa Ana mine (Joseph Vein), sample SA 35-0, assayed 971.40 opt Ag, 0.335 opt Au and 17% Pb across a 5 cm width. Two additional runs were made as a check on sample SA 35-0 of the Au and Ag values and yielded 0.250 opt Au and 898.70 opt Ag and 0.340 opt Au and 921.10 opt Ag, respectively.) The other high value sample, sample 49376, was collected 48 meters SW of the shaft on the 18 meter level and the sample width is 0.7 meters. The sample pulps from these samples will be re-analyzed by a second laboratory. Six other mineralized grab samples from the 18 meter level of the Santa Ana mine (Joseph Vein) included silver values ranging from 0.05 opt Ag to 3.95 opt Ag. More detailed sampling will be required to further assess the Santa Ana Mine workings. The Joseph Vein is a steeply dipping mineralized shear zone in the Bisbee Group rocks where it is exposed in the Santa Ana mine. A single grab sample from a prospect pit dump collected in the central part Section 17 from the "Bill B" area assayed 4.65 opt Ag, and negligible base metals and Au.

Tombstone is continuing geological mapping and sampling of the Tombstone Project area. Several areas where old mine workings including the Ace-in-the-Hole and Black Horse in T20S, R22E Section 15, and the Santa Ana, the State of Maine, and Randolph in T20S, R22E Section 16 are being assessed. Other areas with significant old mine workings including the Bill B tunnel, the Rocky Bar, the Bonanza and Ground Hog workings are also within the project area.

The Company has engaged SRK Consulting to prepare a NI 43-101 compliant report for the Tombstone Project in Tombstone, Arizona. Work on this report is in progress.

A land status report prepared by M.L. Gerrow Mineral Land Services, Inc. was completed for the TMXBF Tombstone Project property. This report indicates that the land position is in good standing.

The technical data in this news release has been reviewed and approved by Dennis Dalton, Certified Professional Geologist, Chief Geologist, who is a Qualified Person as defined by National Instrument 43-101. All samples were assayed and certified by Mountain States Research and Development International, Inc. Blanks and reference samples are inserted into the sample stream as a quality control measure.

Tombstone Exploration Corporation (TMBXF) is structured and positioned to capitalize on today's increasing demand and prices for precious metals and other 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 and is now the largest land holder in the Tombstone mining district, which is one of the recent largest mining property acquisitions in Arizona. Through expansion, the Company 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