OCALA, FLORIDA - JULY 21, 2011 (IMMEDIATE RELEASE) – Blackhawk Mines Corp., B06.F, WKN Number - A1H52M, ISIN Number - CA08265A1003, website - www.bentleyfairview.com is pleased to announce that the Big Bear Mining Claims initial work program will commence within the next three weeks.
The work program will consist of extensive mapping of existing trenches, outcrop, oxidized zones and other previous workings including drill sites. Geochem sampling of large areas of the claim group along with sampling of all pits and trenches will be conforming with previous mapped and sampled areas which returned assays of greater than .01 oz/ton gold in the soil geochem.
These areas of greater than .01 oz/ton gold covered a large area of the claim group and give rise to the anticipated total indicated contained ounces of gold which could range from 1 to 2 million ounces.
The previously-announced Joint Venture agreement with Blackhawk Mines Corp Resources of Ontario, Canada, will provide Siga the additional financing to commence this work program as announced and expand this program if required to cover the total claim group.
The Big Bear Mining Claims are located near Lucerne Valley, CA and currently consists of 9 claims, making up approx 1440 acres (approx 2.25 square miles) The Big Bear Property is located on the North eastern edge of the San Bernardino Mountains. The project area is known historically as the Blackhawk mining District and has been a previous producer of gold and silver. The area is believed to contain economically viable gold mineralization, particularly at the current metals prices. Anticipated total contained gold could be in the range of 2 to 3 million ounces. Field operations are planned to start in the next 90 days. Siga acquired the claims from Montana Mining Corporation of Washington State, USA.
About Blackhawk Mines Corp
Blackhawk Mines Corp. is a junior resource company that is active in the exploration and development of mineral resources. The Company is currently focused on developing the Big Bear Claims located in San Bernardino County, California. The Company is currently reviewing additional acquisitions in North America, as well as potential joint venture opportunities in South America.
Blackhawk Mines Corp currently has a joint venture agreement with Siga Resources Inc., a Nevada company to earn a 50% joint venture interest in the Big Bear gold mining property near Lucerne Valley, San Bernardino County, California.
About Siga Resources Inc
Siga Resources Inc, founded in 2007, is based in South Lake Tahoe, California. Siga is a mineral resource exploration and development company. Siga's strategy targets properties that have the potential for near term production and early positive cash flow. Siga's general geographical interest is North and South America.
The work program will consist of extensive mapping of existing trenches, outcrop, oxidized zones and other previous workings including drill sites. Geochem sampling of large areas of the claim group along with sampling of all pits and trenches will be conforming with previous mapped and sampled areas which returned assays of greater than .01 oz/ton gold in the soil geochem.
These areas of greater than .01 oz/ton gold covered a large area of the claim group and give rise to the anticipated total indicated contained ounces of gold which could range from 1 to 2 million ounces.
The previously-announced Joint Venture agreement with Blackhawk Mines Corp Resources of Ontario, Canada, will provide Siga the additional financing to commence this work program as announced and expand this program if required to cover the total claim group.
The Big Bear Mining Claims are located near Lucerne Valley, CA and currently consists of 9 claims, making up approx 1440 acres (approx 2.25 square miles) The Big Bear Property is located on the North eastern edge of the San Bernardino Mountains. The project area is known historically as the Blackhawk mining District and has been a previous producer of gold and silver. The area is believed to contain economically viable gold mineralization, particularly at the current metals prices. Anticipated total contained gold could be in the range of 2 to 3 million ounces. Field operations are planned to start in the next 90 days. Siga acquired the claims from Montana Mining Corporation of Washington State, USA.
About Blackhawk Mines Corp
Blackhawk Mines Corp. is a junior resource company that is active in the exploration and development of mineral resources. The Company is currently focused on developing the Big Bear Claims located in San Bernardino County, California. The Company is currently reviewing additional acquisitions in North America, as well as potential joint venture opportunities in South America.
Blackhawk Mines Corp currently has a joint venture agreement with Siga Resources Inc., a Nevada company to earn a 50% joint venture interest in the Big Bear gold mining property near Lucerne Valley, San Bernardino County, California.
About Siga Resources Inc
Siga Resources Inc, founded in 2007, is based in South Lake Tahoe, California. Siga is a mineral resource exploration and development company. Siga's strategy targets properties that have the potential for near term production and early positive cash flow. Siga's general geographical interest is North and South America.
Disclaimer & Safe Harbor Statement:
This release may contain certain "forward-looking statements" with respect to certain of Blackhawk Mines Corp. 's plans, goals and expectations regarding its future financial condition, performance, results, strategy and objectives. Words such as "anticipates", "expects", "intends", "plans", "believes", "seeks", "estimates", "may", "could", "would", "might", "will" and variations of these words or similar expressions are intended to identify forward-looking statements. In addition, any statements that refer to expectations, beliefs, plans, projections, objections, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements in this press release are not promises or guarantees of future performance and are subject to risks and uncertainties that could cause Blackhawk Mines Corp. 's actual results to differ materially from those anticipated. Blackhawk Mines Corp. cautions the reader not to place undue reliance upon any such forward-looking statements. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed herein as well as the following: (i) domestic and global economic and business conditions; (ii) market related risks and the performance of financial markets generally; (iii) the policies and actions of regulatory authorities; (iv) the impact of competitive factors; (v) risks and uncertainties associated with future acquisitions or combinations within relevant industries; and (vi) changes in capital, solvency or accounting standards as well as tax and other relevant legislation or regulations in the jurisdictions in which Blackhawk Mines Corp. operates. The actual results that Blackhawk Mines Corp. achieves may differ materially from any forward-looking statements which are based on management's beliefs and opinions at the time the statements are made. Blackhawk Mines Corp. does not undertake any obligation to update forward-looking statements should circumstances or management's beliefs or opinions change.
For further information please contact:
Blackhawk Mines Corp.
4577 S.W. 103 Street Road,
Ocala, Fl. 34476
Email: info@blackhawkmines.com
This release may contain certain "forward-looking statements" with respect to certain of Blackhawk Mines Corp. 's plans, goals and expectations regarding its future financial condition, performance, results, strategy and objectives. Words such as "anticipates", "expects", "intends", "plans", "believes", "seeks", "estimates", "may", "could", "would", "might", "will" and variations of these words or similar expressions are intended to identify forward-looking statements. In addition, any statements that refer to expectations, beliefs, plans, projections, objections, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements in this press release are not promises or guarantees of future performance and are subject to risks and uncertainties that could cause Blackhawk Mines Corp. 's actual results to differ materially from those anticipated. Blackhawk Mines Corp. cautions the reader not to place undue reliance upon any such forward-looking statements. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed herein as well as the following: (i) domestic and global economic and business conditions; (ii) market related risks and the performance of financial markets generally; (iii) the policies and actions of regulatory authorities; (iv) the impact of competitive factors; (v) risks and uncertainties associated with future acquisitions or combinations within relevant industries; and (vi) changes in capital, solvency or accounting standards as well as tax and other relevant legislation or regulations in the jurisdictions in which Blackhawk Mines Corp. operates. The actual results that Blackhawk Mines Corp. achieves may differ materially from any forward-looking statements which are based on management's beliefs and opinions at the time the statements are made. Blackhawk Mines Corp. does not undertake any obligation to update forward-looking statements should circumstances or management's beliefs or opinions change.
For further information please contact:
Blackhawk Mines Corp.
4577 S.W. 103 Street Road,
Ocala, Fl. 34476
Email: info@blackhawkmines.com
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