PHOENIX, AZ — (Marketwire) – 09/04/12 — Tombstone Exploration Corporation (OTCQB: TMBXF) (OTCBB: TMBXF) announced Tuesday that it has renewed all its Bureau of Land Management (“BLM”) mining claims in the Tombstone Mining District located in the State of Arizona.
The Company has paid all required fees prior to the due date of August 31, 2012 and is the largest land holder in the Tombstone Mining District.
Alan Brown, President of Tombstone, stated, “With prices for metals at historic high levels, the time to move aggressively forward is now. We are currently planning an active exploration and near term drill program for the Zebra property based on recommendations in our 43-101 completed by SRK Consulting earlier this year with future plans to drill the Large Porphyry Copper targets as identified by the ZTEM Geophysical Program completed by Geotech Ltd.”
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 landholder in the Tombstone Mining District.