Scottsdale, Arizona 7/23/2010 1:20:49 AM
News / Business

Tombstone Exploration Corp. (TMBXF.OB) Announces Completion of Hi-Tech GeoPhysical Program

QualityStocks would like to highlight Tombstone Exploration Corp. (OTCBB: TMBXF). The Company is focused primarily on exploration and development of mineral resources. Tombstone Exploration Corporation has the mineral rights to approximately 14,000 acres of historical mining land in the areas around Tombstone, Arizona and is the largest landholder in the Tombstone Mining District.

 

In the company’s news yesterday,

 

Tombstone Exploration Corp. announced that it has completed the Helicopter-borne time domain electromagnetic GeoPhysical ZTEM program. Selected for its ability to achieve unparalleled resolution and depth of investigation, ZTEM is well suited to image buried porphyry deposits and is capable of gathering data over 6,000 feet (1.25 miles) below ground surface.

 

The airborne ZTEM survey covered over 200 line miles and most of the Tombstone Mining District. The company expects receipt of the data within the next few weeks. The data will be interpreted to provide targets for a giant, high-grade porphyry copper – gold deposit that can be mined by open pit or block caving mining methods. Tombstone is situated 25 miles north of the historic Bisbee porphyry copper mine. There are numerous ongoing exploration programs in the region for porphyry copper deposits.

 

The project is also located 150 miles southeast of the Resolution deposit, which is currently being explored by Rio Tinto, and is reported to contain an Inferred Resource of 1.34 billion tonnes containing 1.51% copper and 0.04% molybdenum. The Tombstone project has two major intrusions (granodiorite and porphyry) underlain by sediments that could host a Resolution style deposit.

 

Alan Brown, CEO of Tombstone, stated, “We are pleased to have completed the GeoPhysical ZTEM program. Once the data has been completely analyzed, we will be able to set our targets for further development of our Tombstone acreage.”

 

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Forward-Looking Statement:

This release may contain 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. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.