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Golden Black Hawk is Black Hawks wholly owned Gold mineralization exploratory arm. Golden Black Hawk is currently focused on the continuation of high-grade gold occurrences on its Dun Glen acquisition. 2010 exploration plans will target the historic trends associated with the Auld Lang Syne, Monroe, and Black Hole mine workings located within the Dun Glen claim block. The Dun Glen exploration activities have generated numerous additional targets exhibiting strong surface anomalies and favorable lithologic and structural features.
Placer Dome Inc.’s (PDG) drill success at their Cortez joint venture in north-central Nevada has kicked up interest in the region and in the companies controlling properties along the same formation, such as Golden Black Hawk and its Dun Glen holdings which are located along the same geological trend.
PDG’s results included a 450 foot drill section grading 1.5 oz. per tonne. Deposits in the area currently contain an estimated 12.7 million ounces of gold reserves. Third party estimates of the Golden Black Hawk gold estimates range between 500,000 and 2,000,000 ounces. Most investors are at least aware of Nevada’s history of prolific gold production. Some 140 million ounces worth $56 billion at todays prices have been taken from the state, making it a world leader in gold mining. In the 1930s and 1940s, miners produced 50,000 ounces of gold from the Dun Glen Property, in western Nevada in Pershing County near Mill City. In those days exploration below the water table at 250 feet depth was not conducted. The Dun Glen Mines were abandoned and left dormant for several decades.
In recent years, geologists at Newmont Mining Corporation advanced the property to the drill-ready stage. Their geologists as well believed in the presence of an economic ore body in the 500,000 to 2,000,000 ounce range. But when the gold price reached lows near $250/oz., the company shifted its focus elsewhere.
With a history of successful documented production, and recent exploration, the Dun Glen Property was an opportunity for Black Hawk Explorations Golden Black Hawk waiting to happen for exploration
and development. Golden Black Hawk acquired a 75 per cent of the Dun Glen Property and is prepared to carry out a substantial exploration work.
Unlike the majority of gold deposits in Nevada, which are epithermal, the Dun Glen is a mesothermal deposit. In other words, the gold is not in the form of micro-particles widely disseminated through the host, but rather it is found in a vein structure. In Nevada, these mesothermal structures tend to go very deep and, even today, nobody has identified the true extent of the down dip of the structure on the Dun Glen Property. They have, however, delineated a strike length of approximately 10,000 feet on surface.
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