Tombstone Exploration Corp. (TMBXF)

[sweetlou]

No production as of yet.
Phase 1 drilling completed late summer.
Phase 2 drilling results (5000 ft) concentrated more on promising areas according to geological analysis and previous drilling. These are expected within a week according to guidance in the last press release.
A few other notable items about the company are relevant to the current situation:
1. The drilling over the past few months is the first exploration that the company has conducted aside from previous geological survey data (mapping and magnetic evaluation etc)
2. TMBXF has added 2 board members, secured capital to allow drilling and resource evaluation
3. The company has a 20% state in Eurogas and a 26% interest in Eurogas' multimillion dollar lawsuit in Slovakia
4. In addition to the current Stardust project exploration above, TMBXF has significant holdings in the Tombstone mining district, one of the most historically prolific Silver mining areas in the US, and also shows deep copper deposits based on magnetic analysis and the TMBXF property is adjacent to property owned by a major copper producer with proven resources

The combination of these assets and development make TMBXF an attractive junior mining opportunity on its own merits and further as a strategy to exploit the current strength of gold and copper markets