July 24, 2008
Tombstone Exploration Corp. Completes First Drill Hole — Has Begun Drilling Target Area of Historic High Grade Production
Tombstone Exploration Corporation (OTCBB: TMBXF) today announced that its first drill hole, TEMC 101, has been completed at a depth of 980'. The down-the-hole survey was completed with readings at 150' intervals with the Reflex EZ-Shot geophysical instrument, indicating that the drill hole remained very much on the direction and angle that had been set up. Recovery remained very high, averaging over 90%, while RQD was estimated at up to 85% in some places.
At approximately the last 200', TEMC 101 intercepted a strong package of propylitic altered massive limestone, quite rich in pyrite up 5%. Pyrite occurs in different fashions as disseminated, thin lensoids along the bedding, cross-cut stringers and in aggregates. Manganese oxide stringers and veinlets occur in various places. In the district, manganese oxides are silver carriers. Currently, core samples from drill hole TEMC 101 are being photographed, diamond split, logged and sacked to be shipped to the laboratory.
Meanwhile, drill hole TEMC 102 has started drilling the first 20' for casing. TEMC 102 has been designed to intercept the upper sector of the Santa Ana structure, a productive mine of the district with historical records of high grade production.
Alan Brown, President and CEO of Tombstone, remarked, "We are pleased with the progress and completion of TEMC 101, our first drill hole for the summer drill program. Once assay results are available, we will provide that information and also updates on TEMC 102."
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 landholder 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