Dec 3 2010
Black Hawk Exploration (OTC Bulletin Board: BHWX) has announced, the Company exceeded Phase 2 exploration projections at 4 new sites in the Monroe, Gold Bug, and Auld Lang Syne area of the Dun Glen Project.
Our original target which called for 37 holes at 6 sites with 300 to 400 samples designed to enable Black Hawk to further advance its Preliminary Feasibility Study was met and exceeded at 4 of our sites during our current drill program. A total of 349 samples (328 auger DG (DGA-8 to 46), 13 trench (DGDT-1 to 13), and 8 known standards) were submitted to ALS Minerals from the 4 sites sampled and will be analyzed for gold, silver, and associated trace elements. Assay results are expected within 2 weeks.
"Even with the program being ended before all 6 targets were sampled due to onset of a strong winter weather system, the results from the 4 dump sampling exceeded our earlier projections. The Black Hole Dump and Monroe Creek #2 Dump remain to be tested but will not slow our filing for our Plan Of Operations to remove gold and silver ore from the Dun Glen Site for processing. Black Hawk's previous Phase 1 Program had completed sampling on the Monroe North and South Dumps in August 2010 and projected estimated revenues of up to $700,000. We hope that the Phase 2 program will triple these projections," stated CEO, Kevin M Murphy.
Source: Black Hawk Exploration, Inc.