Phoenix, AZ—January 28, 2015
Tombstone Exploration Corporation (OTCQB:TMBXF) (Berlin:UDNA) announced today that the Company has filed the State Permits totaling 2,000 acres associated with the Zebra Prospect located at the eastern edge of the Tombstone Mining District.
The Zebra Prospect is an epithermal disseminated gold property located in Cochise County, Arizona, approximately three miles southeast of the town of Tombstone, in T20S, R23E, Sections 27, 28, 33 and 34. The property totals 2,000 acres and consists entirely of State land for which Arizona State Prospecting Permits have been filed. It is believed that the prospect lies within the metallogenic zonation halo of the Tombstone District. The shallow ores of the central district were known to be high in silver and lower in gold. Conversely, and in accordance with zonational patterns, the Zebra Property has high gold, and relatively moderate silver values.
During a detailed mapping program during the 1980s, thirty-three samples were collected of jasperoid, jasperoid breccia, silica vein material, hematitically altered silty limestone, dolomite and silicified rhyolite porphyry. Seven of these samples assayed >.20 ounces per ton gold and another three assayed >.10 ounces per ton gold. The highest assay was 1.0268 ounces per ton gold collected from an outcrop of black to red jasperoid breccia. These historical assays strongly support previous assay data from the property and suggest the occurrence of a large bulk tonnage disseminated gold deposit on the property. Geophysical surveys conducted on the property in the 1980s also suggest the possibility of a gold skarn deposit at depth.
Alan Brown, President of TMBXF, stated, “Upon final approval by the Arizona State Land Department, we have an active exploration program ready to implement on one of the most prolific Gold mining properties in the historic Tombstone Mining District.”
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.
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.