FOX ISLAND, Wash., Nov. 1, 2010 /PRNewswire/ -- Black Hawk Exploration (OTC Bulletin Board : BHWX ) announced today that with the successful completion of its financing of October 19th, 2010, it will proceed with its drill plans for an additional 37 auger sites on 5 additional dump sites at Dun Glen. Black Hawk submitted an amendment to the existing exploration permit to add the additional drill sites and expects approval of the amended permit mid-November. Our previous drill program results announced August 30th, 2010 confirmed $580,000 in gold and silver reserves. The estimate was based on 442 ounces of gold valued at $1,200 per oz. and 2,936 ounces of silver at $18 per oz.
Black Hawk has engaged Stonehouse Construction and Drilling who completed our successful August 2010 program, 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