Phoenix, AZ – September 16, 2014
Tombstone Exploration Corporation (OTCQB:TMBXF) (Berlin:UDNA) announced today the Company renewed its State Exploration Permit encompassing 450 acres for Section 16 in the Tombstone Mining District. TMBXF also owns 145 acres of patented mining claims in Section 16.
Section 16 is located two miles southwest of the town of Tombstone, Cochise County, Arizona. The section comprises 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, lead, zinc and copper. Manganese oxides, which are ore carriers and mineral hosts, are observed in the upper sections of these structures.
Alan Brown, President of TMBXF, stated, “We are pleased to have successfully renewed the State Exploration Permit for Section 16, the cornerstone of our land position in the Tombstone Mining District. Section 16 is also the center of a large porphyry copper target identified by the ZTEM geophysical program that was completed by TMBXF several years ago.”
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.
In addition, recognizing the diverse needs of its shareholders, TMBXF continues to be proactive in exploring and securing responsive IT technology to allow for a better viewing experience. Towards this end, soon to be implemented website changes coupled with new IR tools will result in greater security and provide the shareholder a more thorough understanding of TMBXF and its corporate potential.
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 show the presence of a wide assortment of minerals including gold, silver, copper, lead, zinc, manganese, tellurium, molybdenum and vanadium.
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.