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Tombstone Exploration Corp. to Begin Phase 2 Drilling Program in Spring 2009
February 03, 2009
Tombstone Exploration Corporation (OTCBB: TMBXF) announced intentions to begin Phase 2 drilling on its 100% owned Tombstone mining acreage in Tombstone, Arizona, in the Spring of 2009. This will be the third year of drilling on the property which will continue to expand and define the resource. Earlier drilling has identified several key zones that include predominantly Silver, Gold, Manganese, Copper, Lead, and Zinc.
Alan Brown, President and CEO of Tombstone, said, "We are very excited to be entering this third year of exploration as it will also give us an opportunity to focus on our new Manganese discovery, highlighted in Phase 1 of the Drill Program."
The Company expects at completion of the third year drilling program to then begin to implement a feasibility study on the recovery of resources. Tombstone will continue to drill and identify several other highly prospective targets on this property and other possible exploration projects.
Tombstone Exploration Corporation (TMBXF) is focused primarily on exploration and development of mineral resources. At the completion of the feasibility study, the Company will then consider joint venture mining or some other scenario that would eventually expedite a mining operation on the Tombstone property. More often in these scenarios, the Company would become subject to take over offers based on a positive economic feasibility study. The Company understands that the discovery to feasibility phase generally offers the best return on investment to shareholders. Tombstone Exploration Corporation has the mineral rights to approximately 11,500 acres of historical mining land in the areas around Tombstone, Arizona and is now the largest land holder in the Tombstone mining district. Through expansion, the company will acquire new properties.
For more information on Tombstone Exploration Corporation, please visit 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.






