Bureau of Land Management Approves Black Hawk 37 Hole Auger Drill Program
FOX ISLAND, Wash., Nov. 11, 2010 /PRNewswire/ -- Black Hawk Exploration (OTC Bulletin Board: BHWX) announced today that it has received Bureau of Land Management approval to proceed next week with the 37 hole auger drill program announced November 1st. Approximately 400 samples will be sent to ALS for valuation prior to commissioning a Plan of Operations which will be submitted to the State of Nevada for approval to remove the Dun Glen gold ore for processing. Our previous drill program results announced August 30th, 2010 confirmed $656,000 in gold and silver reserves at current market pricing.
"Our goal is to break $4,000,000 gross revenue mark from the 8 surface 'Dumps' left by the early miners from the 3 previously operating Auld Lang Syne, Monroe and Black Hole mines at Dun Glen. In my opinion, Black Hawk could be the best penny stock investment at these levels and I hope we'll see the cycle of selling broken with these results. I'm not a stockbroker or financial advisor and I'm not telling anyone to rush out and buy BHWX, I'm just a CEO of a great junior exploration company who believes the share price of his stock doesn't mirror its potential future value," stated Kevin M. Murphy, CEO of Black Hawk.
Stonehouse Construction and Drilling who completed our successful August 2010 program will provide equipment and staffing to complete the expanded 37 site November 2010 project at Dun Glen.
About Black Hawk Exploration
Black Hawk is a diversified metals and energy exploration company with its current focus on lithium, gold and silver discovery through its Clayton Valley and 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 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.
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