SOURCE: Tombstone Exploration

July 15, 2008 09:30 ET

Tombstone Exploration Drill Program's First Hole at 730'

PHOENIX, AZ--(Marketwire - July 15, 2008) - Tombstone Exploration Corporation (OTCBB: TMBXF) today provided a progress report on Drill Hole TEMC 101. TEMC 101 is designed to intercept two of the major producing structures in the mining district, the Bonanza and Santa Ana veins. The Target Zone is estimated at 800' and the hole is planned to reach 1,100'. Around 550', manganese oxide stringers and veins were intercepted. Manganese oxides are the silver carriers in the mining district.

Hangingwall and footwall around this zone exhibit strong silicfication in the limestone host rock unit and discreet pyrite dissemination. From 650' down the hole, silicfication appears pervasive with patches of chlorite and epidote alteration assemblage with strong pyrite content, disseminated and in stringers, as well, in places over 3%. Discreet manganese oxide veinlets are frequently in this length. Rock unit is predominantly a massive limestone intruded by a thin feldspar porphyry dike at 700'.

In a recent Commodities Research report by Mangoba Madinane of Standard Bank, crude oil price increases and the ailing greenback are attributed to the increase in precious metal investment. Silver has been shadowing gold and closed at $18.71 in New York Friday and broke through the $19.00 resistance band Monday.

Alan Brown, President and CEO of Tombstone, stated, "Recovery has been excellent at 95% due to the use of the Triple Tube Technology. All core is being boxed and assays will be done for Ag (silver), Au (gold), Cu (copper), Pb (lead) and Zn (zinc). We will continue to provide updates to the investment community and are encouraged by the drilling program's results thus far."

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 land holder 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