PHOENIX, AZ--September 4, 2012
Tombstone Exploration Corporation (OTCQB:TMBXF) announced today that it has renewed all its Bureau of Land Management ("BLM") mining claims in the Tombstone Mining District located in the State of Arizona. The Company has paid all required fees prior to the due date of August 31, 2012 and is the largest land holder in the Tombstone Mining District.
Alan Brown, President of Tombstone, stated, “With prices for metals at historic high levels, the time to move aggressively forward is now. We are currently planning an active exploration and near term drill program for the Zebra property based on recommendations in our 43-101 completed by SRK Consulting earlier this year with future plans to drill the Large Porphyry Copper targets as identified by the ZTEM Geophysical Program completed by Geotech Ltd.”
The Tombstone Exploration Project is an exploration and development project within the historic Tombstone Mining District, Cochise County, southeastern Arizona. Detailed studies of the minerals of the Tombstone Mining District have shown a large number and wide assortment of mineralization including silver, gold, copper, lead, and zinc minerals, which have been described along with manganese, tellurium, molybdenum, and vanadium. Although Tombstone is famous for bonanza silver deposits and is essentially a precious-metal district, the porphyry copper model of Lowell and Guilbert (1970) suggests the presence of a buried porphyry copper deposit at depth. Tombstone has the minerals rights to 11,863 acres of historical mining land and is the largest land holder in the Tombstone Mining District.
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’s most recent public filings with the U.S. Securities and Exchange Commission.