Phoenix, AZ—November 18, 2015
Tombstone Exploration Corporation (OTCPK: TMBXF), a fully reporting company (Berlin Stock Exchange: UDNA), announced today that the Company renewed its State Exploration Permit encompassing 450 acres for Section 16 in the Tombstone Mining District. 145 acres of patented mining claims in Section 16 is also owned by TMBXF.
The location of Section 16 is two miles southwest of the town of Tombstone, Cochise County, Arizona. It is comprised of many of the historical silver mines in the district including: San Pedro group (Fox claims), State of Maine, Merrimac, Free Coinage, Chance, Bonanza, Santa Ana, Solstice, Annex 40 and 41 (Ace-in-the-Hole), Black Horse, the Joseph group, Mamie, Sailor, Randolph, and Groundhog. The total strike length of these structures is estimated to be in excess of 7,000 meters.
These ore deposits are polymetallic and predominantly silver-rich, with significant mineralization of gold, copper, lead, and zinc. Manganese oxides, which are ore carriers and mineral hosts, are observed in the upper sections of these structures.
Alan Brown, President of TMBXF, stated, “Section 16 is also the center of a large porphyry copper silver gold target identified by the ZTEM geophysical program that was completed by TMBXF several years ago.”
The State of Maine Mine is 145 acres of patented mining claims owned 100% by TMBXF and has the potential for the discovery of a very large silver gold copper discovery at depth. This is the center of one of the most important targets in the Tombstone Mining District.
A prior sampling program on Section 16 included 115 samples that had incredible high gold and silver assays. The results include rock samples collected from outcrops, mine dumps, trenches, and underground workings. The two highest samples returned assayed values of 609.50 ounces per ton (opt) of Ag (silver), 0.396 opt Au (gold) and 81.70 opt Ag and 0.180 opt Au. The highest of these samples, sample 49373, was a selected sample collected from the Santa Ana mine (Joseph Vein) workings at the 18 meter level across a 10 cm. wide fault. (An earlier selected high grade sample collected from the 10 meter level of the Santa Ana mine (Joseph Vein), sample SA 35-0, assayed 971.40 opt Ag, 0.335 opt Au across a 5 cm. width.
Tombstone Exploration Corporation is a gold silver copper exploration company based in Phoenix, Arizona. The Company’s goal is to maximize shareholder value through focused exploration, testing and development of high quality mineral targets in the prolific mineral producing areas in S.W. USA. This goal will be achieved in part through the application of the best mineral exploration practices and techniques available to our experienced exploration and management team, including adherence to the highest possible standards of corporate responsibility, governance and conduct.
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.