SOURCE: Tombstone Exploration

Tombstone Exploration

February 05, 2015 09:00 ET

Tombstone Exploration Files Additional Exploration Permits in the Tombstone Mining District

PHOENIX, AZ--(Marketwired - Feb 5, 2015) - Tombstone Exploration Corporation (OTCQB: TMBXF) (BERLIN: UDNA) announced today that the Company has filed State Exploration Permits totaling 480 acres in two sections of the Tombstone Mining District in an area previously referred to by Asarco, a major US mining corporation, as the Robbers Roost, which did drilling in the area in the 1970's. This leased area was also identified by Geotech Inc. in the ZTEM report prepared in 2011 as a significant target to add to TMBXF's land position in the Tombstone Mining District as a significant target of a gold-silver porphyr copper system.

Asarco conducted an exploration and deep drilling program in the Tombstone District in 1973 to 1975 to target porphyry copper deposits thought to be associated with Laramide granodiorite and quartz monzonite plutons within the Tombstone caldera complex. One such target was the Robber's Roost site, where intense phyllic alteration and breccia pipe emplacement are exposed by erosion (Briscoe, 1988). Asarco drilled three deep holes in this area (Secs 29-32 T20S, R22E) in 1975 (Sell, ADMMR). The hole depths were reported to be: CHS-1 (4002 ft), CHS-2 (3415 ft), CHS-2W (wedged out at 2488 ft in CHS-2 -- 5028 ft), and CHS-3 (3003 ft). Three analyses by Skyline Labs, Tucson, Arizona dated September 2, 1975, reported copper values of 15 g/t in CHS-1, in the interval between 240 and 395 ft. Five analyses by Skyline Labs, also September 2, 1975, reported copper values between 10 and 100 g/t in CHS-2, in the interval between 4351 and 5021 ft.

TMBXF's immediate focus will be executing a drill program on its wholly owned gold targets on the Zebra Property along with updating the plan for the major porphyr targets identified via Geotech Ltd., ZTEM report released in 2011. Of the targets that have been identified, two have precious metal (Gold and Silver) occurrences as "halos" around the properties, which are significant characteristics of porphyry systems.

Tombstone Exploration Corporation is an exploration and development company located within the historic Tombstone Mining District, Cochise County, Arizona. Detailed geophysical studies of the Tombstone Mining District shows the presence of a wide assortment of minerals including gold, silver, copper, lead, zinc, manganese, tellurium, molybdenum and vanadium. The Company's immediate focus will be its Zebra prospect, a well-disseminated gold property located on TMBXF's Arizona state leases, 4,760 acres, approximately three miles southeast of the town of Tombstone. The Company believes Zebra lies within the metallogenic zonation halo that has been well-defined in the Tombstone Mining District. In accordance with zonational patterns, the assay data suggests the presence of a large disseminated bulk tonnage gold deposit. In addition, other geophysical studies indicate the presence of a well-defined copper-porphyry deposit at depth. TMBXF is in the process of preparing an exploration plan for Zebra. In addition, the company is planning to expand Zebra's gold resource which, so far, has been found on a small part of the property, leaving considerable acreage to be explored. Hence, an active drill program could easily expand known reserves to an exceptional gold, silver copper resource, easily accessible and mineable.

FORWARD-LOOKING STATEMENTS

This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Tombstone Exploration Corporation, its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are Tombstone Exploration Corporation's ability to control, and actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Tombstone Exploration Corporation's filings with the Securities and Exchange Commission.

Contact Information

  • CONTACT:

    Tombstone Exploration Corporation
    Alan M. Brown
    President
    480-305-4507
    480-452-0286 (fax)
    Email Contact
    www.tombstonemining.com

    Investor Relations:
    The Eversull Group, Inc.
    Jack Eversull
    President
    972-571-1624
    214-469-2361 (fax)
    Email Contact