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Tombstone Exploration's Summer Drill Program Makes Mass Discovery of Manganese
PHOENIX, AZ -- (Marketwire) -- 12/02/08 -- Tombstone Exploration Corporation (OTCBB: TMBXF) announced today a surprise mass discovery of an estimated 205million pounds of manganese from the preliminary results of the SummerDrill Program.
Manganese is currently priced between $1.00 to $1.50/lb and is the fourthlargest metal consumed in the world behind iron, aluminum, and copper.Manganese (Mn) is a key component in steel and iron production and alsoplays an important role in stainless steel and aluminum alloys. It is theglue that binds, hardens and prevents iron and steel products from beingtoo brittle.
Manganese compounds are added to gasoline to boost octane and reduce engineknocking. It is used in benzylic alcohols, rust and corrosion prevention,paint, batteries, animal feed, glass production, fertilizers and medicalapplications.
Alan Brown, President and CEO of Tombstone, remarked, "This is quite adiscovery from 5% of the acreage explored in our recent Drill Program. Weare extremely excited about releasing the inventory of precious(Silver/Gold) and base metal (Copper, Lead and Zinc) results from our 2007and 2008 drill programs upon our final calculations being completed.Management is currently identifying targets for the 2009 Drill Programwhich we expect to start in February 2009."
Tombstone Exploration Corporation (TMBXF) is structured and positioned tocapitalize on today's increasing demand and prices for precious metals andbase metals such as copper, lead and zinc. Tombstone ExplorationCorporation has the mineral rights to approximately 11,500 acres ofhistorical mining land in the areas around Tombstone, Arizona and is nowthe largest land holder in the Tombstone mining district, which is one ofthe recent largest mining property acquisitions in Arizona. Throughexpansion, the Company will acquire new properties, as well as integratethe extraction of precious and base metals. The goal is to produce metalsand minerals below standard industry costs.
For more information on Tombstone Exploration Corporation, please visit ourweb site at www.tombstonemining.com.
FORWARD-LOOKING STATEMENTS
Statements contained herein that are not historical facts may beforward-looking statements within the meaning of the Securities Act of1933, as amended. Forward-looking statements include statements regardingthe intent, belief or current expectations of the Company and itsmanagement. Such statements are estimates only, as the Company has notcompleted the preparation of its financial statements for those periods,nor has its auditor completed the audit of those results. Actual revenuemay differ materially from those anticipated in this press release. Suchstatements reflect management's current views, are based on certainassumptions and involve risks and uncertainties. Actual results, events, orperformance may differ materially from the above forward-looking statementsdue to a number of important factors, and will be dependent upon a varietyof factors, including, but not limited to Tombstone ExplorationCorporation's ability to obtain additional financing. Tombstone ExplorationCorporation undertakes no obligation to publicly update theseforward-looking statements to reflect events or circumstances that occurafter the date hereof or to reflect any change in Tombstone ExplorationCorporation's expectations with regard to these forward-looking statementsor the occurrence of unanticipated events. Factors that may impactTombstone Exploration Corporation's success are more fully disclosed inTombstone Exploration Corporation most recent public filings with the U.S.Securities and Exchange Commission.
CONTACT:Tombstone Exploration CorporationAlan M. BrownPresidentEmail Contact480-305-4507Investor Relations:The Eversull Group, Inc.Jack Eversull972-378-7917972-378-7981 (fax)Email Contact
Manganese compounds are added to gasoline to boost octane and reduce engineknocking. It is used in benzylic alcohols, rust and corrosion prevention,paint, batteries, animal feed, glass production, fertilizers and medicalapplications.
Alan Brown, President and CEO of Tombstone, remarked, "This is quite adiscovery from 5% of the acreage explored in our recent Drill Program. Weare extremely excited about releasing the inventory of precious(Silver/Gold) and base metal (Copper, Lead and Zinc) results from our 2007and 2008 drill programs upon our final calculations being completed.Management is currently identifying targets for the 2009 Drill Programwhich we expect to start in February 2009."
Tombstone Exploration Corporation (TMBXF) is structured and positioned tocapitalize on today's increasing demand and prices for precious metals andbase metals such as copper, lead and zinc. Tombstone ExplorationCorporation has the mineral rights to approximately 11,500 acres ofhistorical mining land in the areas around Tombstone, Arizona and is nowthe largest land holder in the Tombstone mining district, which is one ofthe recent largest mining property acquisitions in Arizona. Throughexpansion, the Company will acquire new properties, as well as integratethe extraction of precious and base metals. The goal is to produce metalsand minerals below standard industry costs.
For more information on Tombstone Exploration Corporation, please visit ourweb site at www.tombstonemining.com.
FORWARD-LOOKING STATEMENTS
Statements contained herein that are not historical facts may beforward-looking statements within the meaning of the Securities Act of1933, as amended. Forward-looking statements include statements regardingthe intent, belief or current expectations of the Company and itsmanagement. Such statements are estimates only, as the Company has notcompleted the preparation of its financial statements for those periods,nor has its auditor completed the audit of those results. Actual revenuemay differ materially from those anticipated in this press release. Suchstatements reflect management's current views, are based on certainassumptions and involve risks and uncertainties. Actual results, events, orperformance may differ materially from the above forward-looking statementsdue to a number of important factors, and will be dependent upon a varietyof factors, including, but not limited to Tombstone ExplorationCorporation's ability to obtain additional financing. Tombstone ExplorationCorporation undertakes no obligation to publicly update theseforward-looking statements to reflect events or circumstances that occurafter the date hereof or to reflect any change in Tombstone ExplorationCorporation's expectations with regard to these forward-looking statementsor the occurrence of unanticipated events. Factors that may impactTombstone Exploration Corporation's success are more fully disclosed inTombstone Exploration Corporation most recent public filings with the U.S.Securities and Exchange Commission.
CONTACT:Tombstone Exploration CorporationAlan M. BrownPresidentEmail Contact480-305-4507Investor Relations:The Eversull Group, Inc.Jack Eversull972-378-7917972-378-7981 (fax)Email Contact
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