Black Hawk Plans 7,000-foot HQ Diamond Core Drilling Program at Dun Glen Gold
FOX ISLAND, Wash., May 14 /PRNewswire-FirstCall/ -- Black Hawk Exploration, Inc. (OTC Bulletin Board: BHWX), through its wholly owned subsidiary Golden Black Hawk, Inc., announced today plans to conduct a 7,000-foot HQ diamond core drilling program at its Dun Glen Gold Project in northern Nevada. The program, tentatively scheduled to start in the next 90 days, will focus on the continuation of highgrade gold occurrences below the historic Auld Lang Syne, Monroe, and Black Hole mine workings located within the Dun Glen claim block. Black Hawks independent Geological and Geophysical reviews have generated numerous additional targets exhibiting strong surface anomalies and favorable lithologic and structural features. Kevin Murphy, CEO of Black Hawk Exploration, stated, "We look forward to beginning the drilling program. The drilling area had high gold concentrations at the surface and was a popular exploration site many years ago. We look forward to learning more about mineral concentrations at various depths."
Dun Glen Gold Holdings Expanded by 600 Acres
Golden Black Hawk has reviewed the surrounding areas and identified additional targets generated by the independent reviews which exhibited strong surface anomalies and favorable lithologic and structural features. 30 Claims adjacent to the eastern boundaries and additional strategic property adjacent to the existing Dun Glen Gold claim block have been included in the expansion to maximize the future potential of the overall Golden Black Hawk project.
Placer Dome Inc.'s (PDG) drill success at their Cortez joint venture in north-central Nevada has kicked up interest in the area and in the companies controlling properties along the same trend. PDG's results included a 450 foot drill section grading 1.5 oz. per tonne. Deposits in the area currently contain an estimated 12.7 million ounces of gold reserves. Some 140 million ounces worth $56 billion at today's prices have been taken from the state, making it a world leader in gold mining.
Dun Glen has produced over $60,000,000 worth of gold historically at today's prices.
In the 1930s and 1940s, miners produced 50,000 ounces of gold from the Dun Glen Property, in western Nevada in Pershing County near Mill City using antiquated mining techniques . In those days exploration below the water table at 250 feet depth was not conducted due to the miners inability to remove this and other obstacles. The Dun Glen was abandoned and left dormant for several decades. In recent years, geologists at Newmont Mining Corporation advanced the property to the drill-ready stage. Their geologists believed in the presence of an economic ore body in the 500,000 to 2,000,000 ounce range. Gold price reached lows near $250/oz. which led Newmont Mining Corporation to shift its focus elsewhere allowing Golden Black Hawk to eventually acquire the project.
Black Hawk is a diversified metals and energy exploration company with its current focus on the gold exploration at its Dun Glen holdings. A definitive sampling and exploration program for Dun Glen previously announced, is in final permit stage and expected notification will be received within the next 7-10 business days. Mr. Murphy provides an open commentary on the Black Hawk Exploration website (www.BlackHawkExploration.com ) under CEO-BLOG
"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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