Phoenix, Arizona--(Newsfile Corp. - August 31, 2017) - Tombstone Exploration Corporation (OTC PINK: TMBXF), a fully reporting company, announced today that the Company has completed the filing and payment of all of its Bureau of Land Management (BLM) mining claims for the Eagletail Mining District, which is located in the State of Arizona for the year 2017 — 2018.
During 2016, the Company's geological team identified surface high grade gold results from a detailed mapping and sampling of a mineralized trend in the 100% owned claim block in Yuma County, AZ in the Eagletail Mining District. Highlights include a sample returning 7.04 g/t gold with multiple other samples above 1 g/t gold of the 70 samples sent for assay.
The encouraging results from the rock sampling program over the Stardust project indicate the presence of a high angle detachment related precious metals vein system. The mineralization present at the Stardust project appears to be located within detachment related veins & locally intensively chloritic and hematitic host rocks.
Tombstone Exploration Corporation announced on August 3rd it had completed the first phase of drilling on this Stardust Claim Block. Upon receipt of all drill results, a detailed geological report will be completed and prepared for our next phase of exploration.
The core samples for all the holes were delivered to Skyline Assayers and Laboratories in Tucson, Arizona, and we are awaiting final results. The samples will be crushed and pulverized with standard steel and then proceed to be fire assayed for gold and a 24 multi-element Geochemistry for silver and multiple other trace elements.
This first phase drilling program is designed to establish strike length and test grades over a large enough width within the defined chlorite hematite hosted vein system. The drilling will attempt to define structural continuity (vein continuity along strike), grade of veins and hosting chl-hem zone, and find the width of structures. The program, as designed, should also demonstrate grade at reasonably shallow depths. The lowest drilling angle -45 degrees is envisioned for this program.
Tombstone Exploration Corporation is a gold silver copper exploration company based in Phoenix, Arizona. The Company's goal is to maximize shareholder value through focused exploration, testing and development of high quality mineral targets in the prolific mineral producing areas in S.W. USA. This goal will be achieved in part through the application of the best mineral exploration practices and techniques available to our experienced exploration and management team, including adherence to the highest possible standards of corporate responsibility, governance and conduct.
FORWARD-LOOKING STATEMENTS
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.
CONTACT:
Tombstone Exploration Corporation
Alan M. Brown, President
Phone: 480-588-8920
Fax: 480-452-0286
[email protected]m
www.tombstonemining.com
