Black Hawk Exploration OKs Geologists Recommended Drill Program to Explore for Lithium Bearing Brines on Clayton Valley Claims
BHWXE | Quote | Chart | News | PowerRating -- Black Hawk Exploration, Inc. announced plans to advance the Blue Lithium 56 claim 1,120 acre land position in the Clayton Valley, Esmeralda County Nevada.
Hunsaker, Inc., consulting geologists to Black Hawk have recommended an initial drill program for Lithium bearing brines. The brines are expected to occur between 600 and 800 feet based on the 1980's U.S. Geological Survey work completed in the 1980's by the U.S. Geological Survey and the nearby producing wells at the Chemetall-Foote Silver Peak operation also in Clayton Valley.
Drilling costs are estimated to be $30 a foot and the drill program is designed to identify the depth of the Brines, Lithium concentration, chemical characteristics and the geologic/aquifer settings.
Site permitting will be done utilizing the Bureau of Land Management's (BLM) Notice Level process. This provides for permitting less then 5 acres of disturbance for exploration on mineral properties which is more than sufficient for Black Hawk's current program. Most typically the entire Notice Level Permitting (NLP) is approved / accepted in 3 to 4 weeks. Once the NLP is submitted the BLM has 15 days to review and issue their comments and/or approval.
The submission of Black Hawk's NLP will describe our ownership, intended exploration program, planned disturbance, and reclamation plans. The reclamation program for the NLP requires bonding based on a prescribed BLM formula. The bonding process will utilize the Nevada Division of Mining Statewide Bonding Pool.
Black Hawk's Board of Directors have approved funding for the program submitted by Black Hawk Exploration's Geologists and expect the Clayton Valley permitting process to begin this week.
Black Hawk is a diversified metals and energy exploration company with its current focus on lithium exploration through its subsidiary Blue Lithium. Black Hawk is committed to an aggressive program of value added property acquisition, project generation, asset diversity and building Shareholder value.
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