is designed to intercept two of the major producing structures in the
mining district, the Bonanza and Santa Ana veins. The Target Zone is
estimated at 800′ and the hole is planned to reach 1,100′. Around 550′,
manganese oxide stringers and veins were intercepted. Manganese oxides are
the silver carriers in the mining district.
Hangingwall and footwall around this zone exhibit strong silicfication in
the limestone host rock unit and discreet pyrite dissemination. From 650′
down the hole, silicfication appears pervasive with patches of chlorite and
epidote alteration assemblage with strong pyrite content, disseminated and
in stringers, as well, in places over 3%. Discreet manganese oxide
veinlets are frequently in this length. Rock unit is predominantly a
massive limestone intruded by a thin feldspar porphyry dike at 700′.
In a recent Commodities Research report by Mangoba Madinane of Standard
Bank, crude oil price increases and the ailing greenback are attributed to
the increase in precious metal investment. Silver has been shadowing gold
and closed at $18.71 in New York Friday and broke through the $19.00
resistance band Monday.
Alan Brown, President and CEO of Tombstone, stated, “Recovery has been
excellent at 95% due to the use of the Triple Tube Technology. All core is
being boxed and assays will be done for Ag (silver), Au (gold), Cu
(copper), Pb (lead) and Zn (zinc). We will continue to provide updates to
the investment community and are encouraged by the drilling program’s
results thus far.”
Tombstone Exploration Corporation (TMBXF) is structured and positioned to
capitalize on today’s increasing demand and prices for precious metals and
base metals such as copper, lead and zinc. Tombstone Exploration
Corporation has the mineral rights to approximately 13,500 acres of
historical mining land in the areas around Tombstone, Arizona. The Company
is the largest land holder in the Tombstone mining district. Through
expansion, Tombstone Exploration will acquire new properties, as well as
integrate the extraction of precious and base metals. The goal is to
produce metals and minerals below standard industry costs.
For more information on Tombstone Exploration Corporation, please visit our
web site at www.tombstonemining.com.
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 most recent public filings with the U.S.
Securities and Exchange Commission.
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