PHOENIX, AZ--(Marketwired - Sep 3, 2013) - Tombstone Exploration Corporation (
TMBXF's neighbor, Eurogas, Inc., has also paid the fees due on its 82 claims, which connect at the south end of TMBXF's claims and also borders the claims previously filed by Freeport McMoran of Phoenix, Arizona, one of the largest copper-gold producers in the world.
TMBXF and Eurogas, Inc. are currently working on a Strategic Partnership moving forward that will allow the two companies to continue exploration and development jointly on one of the most prolific mining properties in the historic Tombstone Mining District in Arizona.
Alan Brown, President of TMBXF, stated, "With prices for metals maintaining high levels, we are currently planning an active exploration and development plan for the balance of 2013 and 2014. Our plans include an active exploration and eventual drill program to confirm the gold targets on the Zebra property and moving to permit this property as soon as possible. Our other main targets are the large porphyry Copper targets as identified by the ZTEM Geophysical Program completed by Geotech Ltd. The porphyry targets identified by the ZTEM program start on the northern boundary of TMBXF's land holding and continue through to the southern borders of Eurogas, Inc.'s property.
The Tombstone Exploration Project is an exploration and development project within the historic Tombstone Mining District, Cochise County, southeastern Arizona. Detailed studies of the minerals of the Tombstone Mining District have shown a large number and wide assortment of mineralization including silver, gold, copper, lead, and zinc minerals, which have been described along with manganese, tellurium, molybdenum, and vanadium. Although Tombstone is famous for bonanza silver deposits and is essentially a precious-metal district, the porphyry copper model of Lowell and Guilbert (1970) suggests the presence of a buried porphyry copper deposit at depth. Tombstone has the minerals rights to 11,863 acres of historical mining land and is the largest land holder in the Tombstone Mining District.
Statements contained herein that are not historical facts may be forward-looking statements within the meaning of the Securities Act of 1933, as amended. 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 the preparation of its financial statements for those periods, nor has its auditor completed the audit of those results. Actual revenue may differ materially from those anticipated in this press release. Such statements reflect management's current views, 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, and will be dependent upon a variety of factors, including, but not limited to Tombstone Exploration Corporation's ability to obtain additional financing. Tombstone Exploration Corporation undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in Tombstone Exploration Corporation's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact Tombstone Exploration Corporation's success are more fully disclosed in Tombstone Exploration Corporation's most recent public filings with the U.S. Securities and Exchange Commission.