SOURCE: Tombstone Exploration

Tombstone Exploration

April 15, 2009 09:00 ET

Tombstone Exploration Corp. Reports Gold, Silver Assay Results From Rock Chip Samples

PHOENIX, AZ--(Marketwire - April 15, 2009) - Tombstone Exploration Corporation (TMBX) (OTCBB: TMBXF) announced today that it has received encouraging assay results from rock chip samples on its Tombstone properties, with grades up to 6.26 grams per ton gold and 190.4 g/ton silver confirming the presence of gold-rich, silicified zones of mineralization adjacent to historically mined silver-lead orebodies.

Outcrop samples taken from horizontal projections of mineralized structures away from historical mine workings have confirmed continuity of silver, gold, lead, zinc, copper and manganese enrichment along these structural corridors through the TMBX property package. Samples from two structures were collected by TMBX geologists and taken to Copper States Analytical Lab in Prescott, AZ for gold, silver, lead, zinc, copper and manganese assays. Notable results include 190.4 grams/ton silver and 3.74 g/t gold over an approximate width of three feet along the Argenta Structure (TMBX-401-1), and 194.5 g/t silver and 0.31 g/t gold (TMBX-401-4) over two feet on the Fox Structure. Full results are listed below.

                Au        Ag
              (grams/  (grams/      Pb        Zn        Cu        Mn
Sample ID      ton)       ton)     (%)        (%)       (%)       (%)
             --------- --------- --------  --------  --------  ---------
TMBX-401-1        3.74     190.4     2.89%     1.89%     0.28%      1.42%
             --------- --------- --------  --------  --------  ---------
TMBX-401-2        6.26     146.3     0.88%   0.0386%     0.11%      0.03%
             --------- --------- --------  --------  --------  ---------
TMBX-401-3        2.09     168.6     1.33%   0.0379%    0.032%     0.022%
             --------- --------- --------  --------  --------  ---------
TMBX-401-4        0.37     194.5        4%     1.76%     0.35%      1.37%
             --------- --------- --------  --------  --------  ---------

Field mapping and dump sampling of the zone overlying the projected intersection of these structures at depth has supported the TMBX exploration strategy of locating zones of elevated gold grades within the Tombstone district, which historically produced primarily silver-lead ores. Grab samples (TMBX-401-2, TMBX-401-3) taken from a historical shaft that appears to test this intersection zone showed alteration patterns distinctly different from the typical oxidized, bonanza grade silver ores of the Tombstone District. The samples were of tertiary volcanic rocks (a historically overlooked host for ore in the District) with alteration patterns and gold grades (6.26 and 2.09 grams/ton) consistent with extensive mineralization at current and recently operating gold mines in Nevada such as Hycroft, Rosebud, Sleeper and Round Mountain.

Alan Brown, President and CEO of TMBX, stated, "We continue to build and substantiate the mineral content of our acreage. The new Drill Program that is to be started soon, we anticipate will continue this momentum."

Tombstone Exploration Corporation (OTCBB: TMBXF) is focused primarily on exploration and development of mineral resources. At the completion of the feasibility study, the Company will then consider joint venture mining or some other scenario that would eventually expedite a mining operation on the Tombstone property. More often in these scenarios, the Company would become subject to take over offers based on a positive economic feasibility study. The Company understands that the discovery to feasibility phase generally offers the best return on investment to shareholders. Tombstone Exploration Corporation has the mineral rights to approximately 11,500 acres of historical mining land in the areas around Tombstone, Arizona and is now the largest landholder in the Tombstone Mining District. Through expansion, the Company will acquire new properties.

For more information on Tombstone Exploration Corporation, please visit 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