Tombstone Exploration Reports Encouraging Initial Findings From Drill Program
Tombstone Exploration Corporation (OTCBB: TMBXF) reported today the drilling program at the Tombstone Silver Project is now underway. DDH TEMC-101 was designed to intercept two major silver-bearing manganese oxide structures of historical production: in the district: Bonanza and Santa Ana mines. Records from these mines indicate that they have been highly productive operations for several decades, and mining took place only to the water level, estimated in late 1890s at 200 ft.
Hole TEMC-101 is currently at 310 ft, just above the water table. Core exhibits great recovery over 90% due to the fact the Tombstone Exploration decided to core drill HQ with the triple tube technique in order to recover the maximum rock samples at the ore zones. Geology observed so far consists of Uncle Sam porphyry down to 75 ft and the Bisbee group down the depth indicated above. These two stratigraphic units are main host rock units along the Bisbee-Tombstone mineral belt.
Rock material is extremely fractured, showing significant rusty fractures and veinlets, carrying locally manganese oxides. At approximately 235 ft., trace pyrite coated with black sulfide is disseminated in the limestone, while at 310 ft strong manganese oxides veinlets are observed. Such veinlets are physically analogous to ore matter in the mines.
The Bonanza and Santa Ana structures are trending N30E and dipping to northwest quite steeply, some 65-70 degrees. The target zone is estimated at around 700 ft way below the water table in the sulfides horizon. However, due to the nature of ore occurrences in the Tombstone mining district, there exists high probability that DDH TEMC-101 may intercept blind mineralized structures on the down to main targets not detected on surface.
Next drill hole of this program is designed to target the same structures at 45 degrees angle some 30 ft closer towards the structures.
Alan Brown, President and CEO of Tombstone, stated, “We will have assay results in the near future and will continue to report updates as the drilling program continues through the summer.”
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.
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: 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
SOURCE: Tombstone Exploration