Black Hawk Mines Bulletin

Black Hawk Mines Bulletin

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  • LIVEJOURNAL - Blackhawk Mines B06N - Bulletin Group

    Communication, Industrial Design

    Gold-tailings_001-150x150_432_

    Blackhawk Mines Corp. announces Big Bear Joint Venture Funding and Initiation of Field Program mblackhawk September 11th, 10:35 http://www.blackhawkmines.com/pdfs/Blackhawk%20press%20release%20August%204%202011.pdf

    OCALA, FLORIDA – AUGUST 4, 2011 (IMMEDIATE RELEASE) – Blackhawk Mines Corp., B06N.F, WKN Number - A1H52M, ISIN Number - CA08265A1003, website - www.blackhawkmines.com is pleased to announce that the company has advanced the initial payment for the initiation of a work program on the Big Bear Mining Claims. This is the initial payment of a $10,000,000 Joint Venture entered by the two companies with the goal of proving the indicated gold resources on the Big Bear claims and if warranted, developing the Big Bear property to possible production. Siga's work program and the beginning of evaluation of the project are underway as of Aug 3, 2011. 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 Big Bear project is currently controlled under an agreement to acquire 100 percent of the property. It is situated near Lucerne Valley, CA and currently consists of approx 1440 acres (approx 2.25 square miles) of mining claims. The Big Bear Claims are on the North eastern edge of the San Bernardino Mountains. The project area is known historically as the Blackhawk mining District 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 based on existing reports and studies could be in the range of 2 to 3 million ounces. 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 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 forwardlooking 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 info@blackhawkmines.com

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