Black Hawk Exploration Announces Drill Program Start-up at Dun Glen Gold and Silver Property.
FOX ISLAND, Wash., July 26, 2010 /PRNewswire via COMTEX/ -- Black Hawk Exploration, Inc. (OTC Bulletin Board: BHWX) releases 3rd quarter management report and significant activities and milestones attained over the last 150 day period from March 1, 2010 through current drilling activities at our Dun Glen gold exploration in progress. The Board of Black Hawk Exploration is pleased to announce the mobilization of drilling equipment at our Dun Glen gold and silver property in Nevada. Our focus is to elevate Dun Glen to the status of being one of Nevada's premier gold and silver mines. Newmont Mining estimated Dun Glen contained 500,000 to 2,000,000 ounces of gold in addition to the silver deposits.
In April 2010, the Summary Report with Recommendations for the Dun Glen Gold and Silver Project, was completed by Hunsaker Inc., our consulting geologist. This FREE REPORT is available by emailing CEO@BlackHawkExploration.com
The following recaps our last 5 months major milestones:
07 26 2010 Dun Glen Drilling Program Commences Today.
07 19 2010 Black Hawk Receives Coarse Gold Results From Dun Glen
Project.
07 15 2010 Black Hawk Exploration Files SEC form 10-Q Quarterly Report.
07 14 2010 Black Hawk Commences Dun Glen Gold Drill Program July 26th,
2010.
07 06 2010 Black Hawk Receives Positive Results from Dun Glen Gold
Assays.
06 28 2010 Black Hawk Ships Additional Samples from Dun Glen Gold
and Silver Claims.
06 23 2010 Black Hawk Exploration to Engage ALS Minerals for Phase 2 Dun
Glen Gold Assays.
06 17 2010 Black Hawk Exploration to Release Summary Report with
Recommendations for Dun Glen Project.
06 14 2010 Black Hawk Exploration Receives Notice of Acceptance of
Environmental Bond Financial Guarantee for Phase 2 Dun Glen
Gold Drilling Exploration.
05 14 2010 Black Hawk Receives Additional $200,000 Investment from
European Financial Institution.
Golden Black Hawk / Dun Glen Update
As the property has passed from one group to another, exceptional research has been done to produce a consolidated analysis of the overall potential of Golden Black Hawk's holdings at Dun Glen. Future cash flows lay on the recovery of precious metals from the surface of the Auld Lang Syne, Black Hole, Monroe and our other 5 mine dumps. Cumulatively the three dumps examined contain approximately 50,000 tons of material and 100,000 tons total with inclusion of all 8.
Drilling commenced today based on Golden Black Hawk's earlier field review and evaluation. The previous results showed the surface grades and potential tonnage are significant enough to warrant analyzing the dumps in more detail and to extend the drilling to the remaining five dumps. The drill program will take approximately 2 to 3 days. Analysis of the samples will be available within 10 days to 2 weeks of completion. Testing will consist of conventional geochemical analysis as well as coarse gold analysis.
Blue Lithium Energy Inc. / Clayton Valley Update
Originally focused on the acquisition, exploration and development of a portfolio of strategic lithium properties in the United States and Canada, Black Hawk Exploration acquired a 56 claim, 1120 acres lease in the prolific lithium brine Clayton Valley Nevada, home to the only producing lithium brine mine in the U.S. The results of our initial exploration discovered over 450 feet of lithium brines but the numbers were less than economical at current prices. Plans for our continued exploration at Clayton Valley will be shared with you in early September, 2010.
Over the next 6 months management will maximize the growth of our lithium focus. Blue Lithium Energy is in the earliest stages of discussion and review of additional acquisitions and a potential lithium joint venture. BHWX is committed to a long term development of Blue Lithium Energy. Lithium is the future of efficient energy storage and we plan on being at the center of this growth industry.
About Black Hawk Exploration, Inc.:
Black Hawk is a diversified metals and energy exploration company with its current focus on gold and silver discovery through its Dun Glen holdings. Black Hawk is committed to an aggressive program of value added property acquisition, project generation, asset diversity and building Shareholder value. "We are expanding our future lithium, gold and silver growth plans and have confidence we will have funding for a major corporate expansion in the coming months," stated Kevin M. Murphy CEO.
"Safe Harbor" Statement:
Under The Private Securities Litigation Reform Act of 1995: The statements in all press releases that relate to the company's expectations, with regard to the future impact on the company's results from new projects in development, are forward-looking statements. A complete disclosure of our "SAFE HARBOR "statement is posted on our website at www.BlackHawkExploration.com under the heading "NEWS".
SOURCE Black Hawk Exploration, Inc.
