Phoenix, AZ—September 23, 2015
Tombstone Exploration Corporation (OTCPK: TMBXF), a fully reporting company (Berlin:UDNA), announced today that the Company has staked an additional land position in Yuma County, AZ in the Eagletail Mining District. Sixteen additional BLM Lode Claims encompass 360 acres and surrounds the area, which includes the Stardust Mine that was initially staked in May 2015.
TMBXF has appointed Mr. Rob McEwen as V.P. of Exploration. Mr. McEwen earned his B.Sc. from the University of Arizona and his M.Sc. from The Colorado School of Mines, where his focus was on economic geology with an emphasis on applied geochemistry. He has done consulting for major and junior mining companies on a variety of ore types in SW US (porphyry Cu), Mexico (porphyry Cu/Au, epithermal Au/Ag), and the upper Midwest (Cu/Ni). Mr. McEwen is a member of the Society of Economic Geologists (SEG) and is a Registered Professional Geologist with the American Institute of Professional Geologists (AIPG).
After reviewing reports of previous work done on the property, Mr. McEwen has recommended that further exploration be carried out to not only follow up this previous work, but to expand on it with recently developed exploration methods and mineralization models. Earlier work focused on precious metals exposed at the surface with a ‘detachment’ style of mineralization, and it is probable that a larger, deeper resource exists on the property. Early exploration work was done on a broad scale and at shallow depths.
This early work incorporated soil geochemistry, mapping, and shallow drilling. The geochemistry was done solely for gold/silver/copper results. No multi-element analysis was done and some of the surface anomalies were never followed up. Shallow drilling delineated a surface target of approximately 1000’-1500’ by 150’-250’ and depths of up to 100’. This area is open to the east and west, as well as depth. Early records show a resource of approximately 2-3M tons with average gold values of 0.06-0.2opt. Because of the limited work completed, it is recommended that a more extensive, tighter scaled program be undertaken. Additional claims are being staked, additional research into previous work is being done, and an exploration program is currently being executed.
“We are pleased to have obtained such a committed Geologist with an incredible background in exploration and an extensive knowledge of Porphyry Cu/Au and Epithermal Au/AG projects in the SW USA and Mexico,” commented Alan Brown, President of Tombstone Exploration Corporation. “We are continuing to add key executives to our organization with long-term backgrounds in the resource industry and strong connections within the financial industry. I am confident that this will allow us to continue to implement our exploration initiatives and broaden our resource base in the commodity areas.”
ABOUT TOMBSTONE EXPLORATION CORPORATION
Tombstone Exploration Corporation is an exploration and development company with BLM Claims, State Leases and Patented Mining claims located within the historic Tombstone Mining District, Cochise County and the Eagletail Mining District, Yuma County Arizona. Detailed geophysical studies of the Tombstone Mining District and the Eagletail 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.