Black Hawk Exploration Positive Surface Sampling Findings From Dun Glen Warrant Additional Exploratory Trenching
FOX ISLAND, Wash., March 3 /PRNewswire-FirstCall/ -- Black Hawk Exploration, Inc. (OTC Bulletin Board: BHWX; "Black Hawk") announced today that its wholly owned subsidiary, Golden Black Hawk, has completed preliminary surface sampling analysis on three of its eight historic mining dumps with significant size. From North to South, the areas analyzed for gold values were the Auld Lang Syne Dump, Black Hole Dump, and the Monroe Dump (See Map on the www.BlackHawkExploration.com Website).
Cumulatively the three dump sites examined contained up to approximately 50,000 tons of material. Kevin M. Murphy stated, "All of the dumps are readily accessible by pick-up truck using existing roads. All the roads are pre-existing, do not have excessive grades, and are on firm road bases. They would have to be 'cleaned up' to remove the weather damage that has accumulated over the seasons. With the weather damage removed they would be easily passable by most vehicles and result in a significant savings to Golden Black Hawk."
Surface Sampling Results
A total of 285 samples were collected and analyzed, the greatest being 4.27 and 4.77 oz. Per Ton from the Black Hole Dump. All the samples reviewed by Golden Black Hawk had values ranging from less than detection to 4.77 ounces per ton gold. Sampling was done in a representative fashion across the surface. No specific areas were "high-graded" and sample lines were laid out on a regular interval with each sample collected over one meter intervals.
Of the 3 major dumps sampled each associated dump had an overall average of:
- Auld Lang Syne |
0.015 Oz Per Ton Gold |
|
- Black Hole |
0.23 Oz Per Ton Gold |
|
- Monroe |
0.04 Oz Per Ton Gold |
|
The sampling on the Black Hole and Monroe dumps had areas on the dumps with numerous values higher than 0.2 oz. per ton gold. The Black Hole in particular had 18 out of 87 samples greater than 0.2 oz per ton gold and four samples were greater than 0.8 oz per ton gold (0.83, 1.86, 4.27, and 4.77 opt gold).
Sampling was only surface sampling; results available to management were designed as a cursory examination to determine if the dumps warranted further evaluation. This Phase 1 program was a review of current surface data and did not dig down into the dumps. The results strongly suggest that the grades are significant enough to evaluate the total value of the dumps in more detail and to extend the evaluation to the remaining five dumps. "Based on the 50,000 Ton dump estimate available to us from only three of the eight dumps on the Dun Glen, and the exciting surface results analyzed, we are going to 'dig down' and push forward this Spring on a trenching program and review of our 5 additional dumps," stated CEO Murphy.
About Black Hawk Exploration, Inc.:
Black Hawk is a diversified metals and energy exploration company with its current focus on lithium exploration through its wholly owned subsidiary Blue Lithium and Gold discovery through its wholly owned Golden Black Hawk, Dun Glen holdings. Black Hawk is committed to an aggressive program of value added property acquisition, project generation, asset diversity and building Shareholder value.
"Safe Harbor" Statement:
Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995.
Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by Black Hawk (the "Company"), as well as those contained herein, that are not historical facts are "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934 and, because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.
SOURCE Black Hawk Exploration, Inc.
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