PHOENIX, AZ--(Marketwired - May 27, 2015) - Tombstone Exploration Corporation (OTCQB: TMBXF) (BERLIN: UDNA) announced today that the Company has staked its initial land position in Yuma County, AZ in the Eagletail Mining District. The four initial BLM Lode Claims encompass eighty acres and cover the center of a land position, which includes the Stardust Mine (a detailed report was prepared for the property in past years including a sampling program).
The Stardust Property, which is located approximately seventy-five miles west of Phoenix, has a zone of chloritic schist, granite and andesite dikes that have values up to 3.05 ppm gold (0.089 ounces per ton) according to a historic report on the property. Silicification, limonite, hematite, copper oxide and chloritic alteration are associated with the gold mineralization.
The report states that one of several zones of altered andesite that outcrops from the surrounding sedimentary cover is at least 400 feet wide and 100 feet long. The overall zone of alteration and fracturing is at least a 1/2 mile in length and 300 to 500 feet wide, but is partially overlain by sediment. Sixty-three samples assayed over 0.01 ounces per ton.
The report goes on to state that based on available data, there is a good probability that an ore body of +/-3 million tons of 0.06 ounces per ton is present on the property.
Alan Brown, President of Tombstone Exploration stated, "We are pleased to have obtained such a valuable property with extremely valuable gold targets identified in the Eagletail Mining District, Arizona."
Tombstone Exploration Corporation is an exploration and development company located within the historic Tombstone Mining District, Cochise County, Arizona. Detailed geophysical studies of the Tombstone Mining District show the presence of a wide assortment of minerals including gold, silver, copper, lead, zinc, manganese, tellurium, molybdenum and vanadium.
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.