TOMBSTONE, Ariz., March 13, 2007 (PRIME NEWSWIRE) -- Tombstone Exploration Corporation (the "Company") (OTCBB:TMBXF) is pleased to announce that Tombstone Exploration and Mining Corp., a wholly owned subsidiary of the Company, commenced its 23 hole reverse circulation (R/C) drilling program at the project site located in the historic district of Tombstone, Arizona, on March 7, 2007. The drilling on Hole 1 (RT1) was completed on March 9, 2007, and our geologists have indicated that early results suggest high amounts of silver mineralization. Assay results for (RT1) will be released soon, but only after the assay results are received and evaluated by the Company's consulting geologist. Mountain States R&D International has been selected to provide assaying and metallurgical services.
Spring 2007 Drilling Program
Hole 2 (TEM-1), for which drilling is scheduled to commence on March 19, 2007, is the second of 23 planned surface R/C holes to further define a portion of the historic mineral resource. It is anticipated that the drilled footage for all holes will reach about 20,000 feet. The drilling continues to demonstrate continuity of the vein structures and mineralization. Drilling on (TEM-1) is expected to last about one week. The drilling continues to validate the Company's control models.
"Results so far from the surface drilling program are exceeding our expectations. Our first surface drill hole encountered widths and grades of silver mineralization at or above the expected range. These holes will probably define resources in several vein structures. The 2007 drill program is expected to produce results that support the expansion of the mineral resource base for the project as well as providing essential geologic data for mine plan development. The 2007 drill program is producing the results we had hoped for, providing geologic and grade continuity information to support expansion of the mineral resources for the targeted veins. The successful identification of strong silver mineralization outside of the areas previously drilled validates the Company's models for continuity along depth and strike extensions of the silver bearing veins," stated Mr. Alan Brown, the Company's President. Mr. Brown continued by adding that, "the anticipated results should allow us to move forward with an independent engineering report to support project financing."
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's ability to obtain additional financing. Tombstone Exploration 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's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact Tombstone Exploration's success are more fully disclosed in Tombstone Exploration most recent public filings with the U.S. Securities and Exchange Commission.