2008-04-01 05:00:00
Tombstone Exploration to Begin Aggressive Drill Program Beginning May 2008
PHOENIX, AZ–( EMWPresswire – April 1, 2008) – Tombstone Exploration Corporation (
that combined with historical data provided the basis for developing a new
core drilling program. A budget of $1.2 Million has been approved for the
5,200 m core drilling program. Drilling will test an area that is
approximately 900 m by 2,000 m. The program is scheduled to begin in May
2008. Permitting work for the program is currently in progress.
Alan M. Brown, President of Tombstone Exploration, said, “We have approved
the drill program due to the encouraging assay results and the success of
the previous drilling done. The $1.2 million we plan on investing into this
drill program will represent the first ever evaluation below the water
level. I along with our entire management team have the highest
expectations for the results from this drill program.”
The drill program will consist of twenty-three core holes drilled from 15
distinct drill sites that are designed to intercept extensions of the State
Maine Mine, Merrimac zone, Bonanza-Solstice mines, and the
Ace-in-the-Hole-Black Horse mine sub-parallel trends. These zones are
northeasterly trending. Core holes will be HQ size and will be drilled
using triple tube core technology to assure that the most complete core
recovery is achieved. Drill hole spacing will be about 100 m between drill
hole sites. The four mineralized zones will be tested over strike lengths
ranging from 200 m to 500 m.
Eight drill hole sites are planned to have two holes drilled at different
angles along the same direction to intercept their targets at different
depths. Seven sites will have one hole each. The length of the holes
range from 125 m to 320 m and vary in inclination from -45° to -90°. The
holes are designed to penetrate the target zones below the water level. All
available historical data indicates that no mining in the program area was
conducted below the water level.
SRK of Tucson, Arizona is expected to complete the NI 43-101 technical
report for review and filing by management during the next few days. SRK is
an independent, international consulting group, employing leading
specialists in environmental science and mineral engineering. Its seamless
integration of services, and global base, has made the company a
significant international practice in due diligence, feasibility studies
and confidential internal reviews. SRK’s global experience and reputation
for excellence is widely recognized among the major financial institutions
and are repeatedly called upon to advise on and evaluate projects for all
types of market transactions. Formed in 1974, SRK employs more than 600
professionals internationally in 31 permanent offices on 6 continents.
National Instrument 43-101 (NI 43-101) is a rule developed by the Canadian
Securities Administrators (CSA) and administered by the provincial
securities commissions that govern how issuers disclose scientific and
technical information about their mineral projects to the public. It covers
oral statements as well as written documents and websites. It requires that
all disclosure be based on advice by a “qualified person” and in some
circumstances that the person be independent of the issuer and the
property.
The sample data and assay results have been reviewed and approved for
dissemination by Dennis Dalton, CPG who is a QP as defined by NI 43-101.
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 and is now
the largest land holder in the Tombstone mining district, which is one of
the recent largest mining property acquisitions in Arizona. Through
expansion, the Company 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.
FORWARD-LOOKING STATEMENTS
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.
CONTACT:
Tombstone Exploration Corporation 480-305-4507 Investor Relations: |
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