FOX ISLAND, Wash., Dec. 2, 2010 /PRNewswire/ -- Black Hawk Exploration (OTC Bulletin Board :BHWX ) is pleased to announce, 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.
About Black Hawk Exploration
Black Hawk is a diversified metals and energy exploration company. Black Hawk will pursue an aggressive program of value added property acquisition, project generation, asset diversity and building shareholder value. Visit www.BlackHawkExploration.com and review all our current Press Releases and our CEO BLOG.
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Notice Regarding Forward-Looking Statements This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include any reference to future plans and developments. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
SOURCE Black Hawk Exploration, Inc.