copper mining exploration
Tombstone Exploration Corporation confirms two porphyry targets with ZTEM
Other objectives to be assessed
Phoenix, AZ – 16 November 2010 – Tombstone Exploration Corporation. (OTCBB: TMBXF, Frankfurt: Udnæs) announced today that the company continues working with the geophysical data to its Tombstone Project. ZTEM The data show that there are at least two target zones on the Company’s property, but is still a very large land area to be checked. The information is excellent, and the company goes on to the ZTEM results based on previous drilling and geological information of the historic district to present a map.
A target has been compared by tombstones geophysical contractor already with the Mount Milligan deposit which was sold recently. The Mount Milligan deposit has shown and proven resources of 417.1 million tonnes grading 0.21% copper and 0.41 grams of gold per ton. This is equivalent to 1,934 million pounds of copper and 5.5 million ounces of gold.
The Mount Milligan mine is expected to be an open pit mine on a large scale. The daily mining production will be 60,000 tons. This objective has precious metal on a ring around the property, which is an essential feature of porphyry systems.
Another target zone has a similar geophysical signature and is adjacent to a porphyry system that are currently drilling a large international mining companies. Other possible targets are still being studied and may indeed be other specialists involved.
Alan Brown, CEO of Tombstone Exploration Corp.., Said that on Sunday, 14 November 2010, the newspaper The Arizona Republic ACID ‘, an article about Arizona’s mining future published. Industry experts said the fact that there are likely significant undiscovered copper deposits in Arizona, and companies are encouraged to maintain exploration efforts in the state.
Tombstone Exploration Corporation (TMBXF) focuses primarily on the research and development of natural resources. Tombstone Exploration Corporation has the mineral exploration rights for historical mining land in the area around Tombstone, Arizona and is the largest landholder in the Tombstone Mining District. Tombstone also owns the mineral rights for 1000 acres in Mineral County in Nevada, also known as the Eagleville-land.
For more information on Tombstone Exploration Corporation, please visit our website at: www.tombstonemining.com.
Forward-looking statements
This press release contains forward-looking statements within the meaning of the Securities Act of 1933. 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 work on its financial statements for those periods. Also, the results were not yet reviewed by an independent auditor. Actual revenue may differ materially from those that were anticipated in this press release. Forward-looking statements reflect the current views of management and 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. This includes the ability of Tombstone Exploration Corporation, for more funding. Tombstone Exploration Corporation undertakes no obligation to publicly update such predictive statements regarding events or circumstances occurring after the date of this press release or lead to a change in Tombstone Exploration Corporation expectations due to unexpected events. Factors that could affect the success of Tombstone Exploration Corporation, are fully disclosed in Tombstone Exploration Corporation documents filed by the U.S. Securities and Exchange Commission.
CONTACT:
Tombstone Exploration Corporation
Alan M. Brown
President
Tel: 001-480-305-4507
Investor Relations:
The Eversull Group, Inc.
Jack Eversull
Tel: 001-972-571-1624