SOURCE: Tombstone Exploration

Tombstone Exploration

May 31, 2011 09:00 ET

Tombstone Exploration Renews Six Arizona State Exploration Permits

PHOENIX, AZ--(Marketwire - May 31, 2011) - Tombstone Exploration Corp. (OTCBB: TMBXF) (OTCQB: TMBXF) announced today the renewal of six Copper Silver/Gold Exploration permits in Arizona.

After continued review of the ZTEM Geophysical Report from Geotech Ltd., TMBXF has renewed all of its State Exploration Permits in the Tombstone Mining District. The applications for renewal encompass five sections, totaling approximately 2,600 acres in the Tombstone Mining District. The rocks in these parcels are principally the Bisbee Group sediments and metasediments that have been highly productive in both the Tombstone Mining District and in the Warren (Bisbee) Mining District, Arizona.

The ZTEM data indicates there are at least four to five porphyry targets on the Company's property, and there is still a very large land position to review. Of the targets that have been identified so far, two have precious metal (Gold and Silver) occurrences as "halos" around the properties, which are significant characteristics of porphyry systems.

Alan Brown, President of TMBXF, stated, "The area included in the six exploration permits encompass a key portion of our land holdings and one section is the focus of one of our most defined targets as identified in the Geophysical ZTEM Report and the continued geological work that has been performed on the property."

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 the largest landholder in the Tombstone Mining District.

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's most recent public filings with the U.S. Securities and Exchange Commission.

Contact Information

  • CONTACT:

    Investor Inquiries:
    Redstone Communications, LLC
    317-337-1800

    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