SOURCE: Tombstone Exploration

February 23, 2010 09:00 ET

Tombstone Exploration Corporation Provides Exploration Update for 2010

PHOENIX, AZ--(Marketwire - February 23, 2010) -  Tombstone Exploration Corp. (OTCBB: TMBXF) announced today the Company is currently assessing various targets on its large land holdings at Tombstone, Arizona. The Company has obtained the services of a well respected Doctorate of Geology who will be joining the exploration team and will be reviewing historical data and geological information. 

A field crew is currently being assembled for the drilling program which is being planned to assess several mineralized structures on the property including the Merimac, Free Coinage, and the State of Maine. These structures have produced in the past, with the State of Maine being the biggest producer in the mining district. The Free Coinage structure continues into an area where blue limestone could project under Uncle Sam porphyry. That altered carbonate could reflect greater hydrothermal activity in the Schieffelin granodiorite than observed further north in the drainage. 

A younger intrusion could also be present at depth. There are parallel structures along these former producing structures that are also of interest. An additional target on each structure is the intersection of these mineralized structures with a limestone formation that have a history of hosting significant mineralization.

Alan Brown, President and CEO of Tombstone, remarked, "We are indeed fortunate to have secured such an elite team, which now includes a geologist with a Phd. With precious metal prices continuing to rise, we feel that 2010 will be a milestone year for the Company.

Tombstone Exploration Corporation (OTCBB: TMBXF) is focused primarily on exploration and development of mineral resources. 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.

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
    972-571-1624
    Email Contact