Phoenix, AZ – May 2, 2017--Tombstone Exploration Corporation (OTCPK: TMBXF), a fully reporting company announced today that on April 27, 2017 it paid the US Bureau of Land Management (“BLM”) the required reclamation bond fee to drill exploration holes on its 100% owned unpatented mining claims at the Stardust Project, located in Yuma County, Arizona.
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. Highlights include a sample returning 7.04 g/t gold with multiple other samples over 1 g/t gold of the 70 assay results.
The mineralization present at the Stardust Project appears to be located within detachment related veins hosted by intensively chloritic and hematitic host rocks. The vein system has been sampled over a strike of approximately 3200 feet (975 meters). These veins appear to be a feeder system of an extensive partially eroded low angle fault system regionally present.
Alan Brown, President of TMBXF, stated “We are excited about this next phase of exploration and very optimistic that this prospect will significantly further the growth of our company. This first drill phase at Stardust will attempt further definition of the character, size and potential of the Stardust Property”. TMBXF has recently received a diamond core drilling proposal from a highly recommended professional drilling company to complete the first phase of drilling to be approximately 3000 ft.
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.
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.