Tombstone Exploration Corporation Announces Update on Its Zebra Exploration Project
2014年5月22日 - 10:00PM
Marketwired
Tombstone Exploration Corporation Announces Update on Its Zebra
Exploration Project
PHOENIX, AZ--(Marketwired - May 22, 2014) - Tombstone
Exploration Corporation (OTCQB: TMBXF) (BERLIN: UDNA) announced
today that the Company has applied for new State Exploration
Permits for minerals, including gold, silver and copper in the
eastern edge of the Tombstone Mining District. These applications
will be executed upon and finalized by the Arizona State Land
Department within the next sixty days. The additional permits,
encompassing 2,163 acres in Cochise County, Arizona, are adjacent
to Tombstone's 100% Company-owned 2,000 acre Zebra
property.
The company also announced that on March 26, 2014, it received
exploration approval for State Exploration Permits for minerals
that were applied for on November 13, 2013.
The Zebra Prospect is an epithermally disseminated gold property
located in Cochise County, Arizona, approximately three miles
southeast of the town of Tombstone. The property totals 4,163 acres
and consists entirely of state land for which Arizona state
prospecting permits have been secured or applied. Tombstone
believes that Zebra lies within the metallogenic zonation halo of
the Tombstone district. The shallow ores of this district were
known to be high in silver and lower in gold. Conversely, and in
accordance with zonational patterns, the Zebra Property has high
gold and relatively moderate silver values.
The property received its name from the "zebra" jasperoid located
in Section 34. This jasperoid is red and white striped, having fine
grained fluorite and hematite composing the reddish layers while
chalcedonic quartz and open spaced quartz compose the white layers.
The hydrothermal processing fluids that were used revealed silty
limestone/shale layers and precipitated gold, fluorite, barite,
iron sulfides and silica. One of these horizontal zebra layers
(N75W strike, 20N dip) is now exposed on the top of a hill in
Section 34.
During the 1990s, a detailed mapping program yielded thirty-three
samples of jasperoid, jasperoid breccia, silica vein material,
hematitically altered silty limestone, dolomite and silicified
rhyolite porphyry. Seven of these samples assayed >.20
ounces per ton Gold and another three assayed >.10 ounces per
ton gold. The highest assay, 1.0268 ounces per ton gold, was
collected from an outcrop of black to red jasperoid
breccia. These historical assays strongly support previous
positive assay data from the property and suggest the presence of a
disseminated gold deposit, in large bulk tonnage, on the
property.
Alan Brown, President of TMBXF, stated, "We are currently
preparing an initial exploration plan for the Zebra project that is
expected to start next month as the State Land Department has
approved the main leases. This will be done in tandem with
financing begun by the Eurogas Group in December 2013. We
anticipate that once exploration work on the Zebra prospect begins,
we will continue exploration on the porphyry copper, silver and
gold targets identified by earlier exploration work that was
completed between 2011-2013 in the Tombstone Mining District on the
Company's other BLM, state lease and patented claims. Our
initial ZTEM report was prepared by Geotec Ltd., the world leader
in airborne Geophysical surveying techniques. The authoritative
report shows the property does contain several structures with
characteristics that resemble known porphyry copper deposits
successfully defined by ZTEM.
"In addition, we continue to await developments on Tombstone's
entitlement to a 20% direct interest in EuroGas Inc.'s ("EuroGas")
potential award from EuroGas' pending lawsuit against the Slovak
Republic. This is in addition to the Company's 26% direct interest
in EuroGas AG of Zurich, Switzerland, an international natural
resources holding company, that was announced on December 10,
2013."
The Tombstone Exploration Project, an exploration and development
project within the historic Tombstone Mining District, is located
in Cochise County, southeastern Arizona. Detailed studies of the
mineralization of the Tombstone Mining District show a wide
assortment of minerals including silver, gold, copper, lead, zinc,
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 meaningful porphyry
copper deposit at depth.
FORWARD-LOOKING STATEMENTS 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.
CONTACT: Tombstone Exploration Corporation Alan M. Brown
President 480-305-4507
480-452-0286 (fax)
Email Contact www.tombstonemining.com EuroGas Group
www.eurogas-ag.com
Tombstone Exploration (CE) (USOTC:TMBXF)
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