The company is planning on acquiring joint venture and mineral rights to surrounding properties in Municipios of Segovia & Remedios in Antioquia. Surrounding licenses that will be targeted for acquisition and joint ventures are #5163, # 5570, #6116, #4070 (two properties) known as the Marmajon Project. The next target mine to be acquired will be La Senora, an adjacent property to Las Palmeras, in the area of Segovia and Remedios Antioquia Colombia. The mines and mineral rights to be worked in a joint venture format with the eventual mineral rights acquisition in the Frontino Gold Belt area, Department of Antioquia, Republic of Colombia, South America.
Once the 5 (five) properties are acquired and production has begun the complete package may be priced and sold to a larger multinational gold mining venture. Two alluvial mines will be acquired and packaged separately with the reserves from the initial raise.
2. The company is planning on acquiring joint venture and mineral rights
to surrounding properties in Municipios of Segovia & Remedios in
Antioquia. Surrounding licenses that will be targeted for acquisition and
joint ventures are #5163, # 5570, #6116, #4070 (two properties) known
as the Marmajon Project. The next target mine to be acquired will be La
Senora, an adjacent property to Las Palmeras, in the area of Segovia and
Remedios Antioquia Colombia. The mines and mineral rights to be
worked in a joint venture format with the eventual mineral rights
acquisition in the Frontino Gold Belt area, Department of Antioquia,
Republic of Colombia, South America.
Once the 5 (five) properties are acquired and production has begun the
complete package may be priced and sold to a larger multinational gold
mining venture. Two alluvial mines will be acquired and packaged
separately with the reserves from the initial raise. Plans to exploit
several additional gold deposits with the mineral rights obtained on
properties and plans to produce up to 10,000 ounces the second year
and over 45,000 troy ounces of production and reserves located
annually in the next five years.
3. The focus of the company will be hard rock mining ( In Situ). Through joint
ventures with an established exploration companies, the company is currently
exploring for the hardrock and lode gold source(s) that continue to release the
new gold flakes being deposited annually onto the alluvial areas. The acquistion
of various mineral rights through a joint venture format will allow the company
to offer a portfolio of exploitation properties with proven reserves to a multi
national company in the future as an acquisition.
Through its patners in Segovia, the company will secure future joint ventures
with ownership of Mining Rights from the Ministerio De Minas y Energia of
Colombia for the exploitation of the precious metals and minerals in the ground
and the timber above the ground. The private property rights may not exempt
the project from environmental regulation requirements on the properties and
responsible reclamation will be practiced. The properties are extremely rich in
gold values due to their unique geological formation and restructuring over
several million years.
Stock Quote
Blackhawk Mines Corp. is listed on the Frankfurt Stock Exchange, Open Market
under the ticker symbol: B06N
4. MARMAJITO MINING SECTOR
This group of mines are
located in the catchment
area of work Marmajito
underground mine. They are
operating the mines
Naranjos, La Picuda and Las
Brisas. The first two exploit
the seam. Marmajito in its
lateral extension and the
third operates the hearts of
the Grain Córdoba. These
mines are located in the
hamlet Marmajito, south of
town the municipality of
Segovia.
5. MINE COORDINATES EAST AND COORDINATES
NORTH
Los Naranjos 931,183.64 1'273,730.24 630
550
La Picuda 932,187.87 1'273,114.64 591
500
Las Brisas 930,845.26 1'273,260.24 690
570
The areas granted by the company Frontino Gold Mines in their
respective operation contract are:
Los Naranjos: 9 Ha + 1281.83 m2
The Picuda: 4 HA + 7214.6 m2
Las Brisas: 4 Ha + 629.46 m2
6. These areas are bounded by the following coordinates.
1 931,173.71 1'273,700.46
2 931,411.94 1'273,827.48
3 931,422.51 1'274,039.10
4 931,092.60 1'274,126.60
COORDINATE E COORDINATE N
1 932,051.43 1'273,191.47
2 932,152.57 1'273,298.64
3 932,404.37 1'273,110.56
4 932,287.72 1'273,000.00
COORDINATE E COORDINATE N
1 930,607.24 1'273,363.31
2 930,814.27 1'273,375.04
3 930,869.35 1'273,219.11
4 930,670.89 1'273,143.91
7. Marmajito sector mines have
operating agreement in effect
with the Frontino Gold Mines
Company, with a duration of
three months, renewable. The
areas are well located with
respect to farm work today, the
Naranjos except mine, which is
advancing on a crusade to
Córdoba intercepting the vein
out of the area. The mine La
Picuda has a fixed lower
boundary which is already below
the lowest level on the contract,
are advances are also side that
fall outside the allocated area.
8. Underground work in mines Marmajito
sector, are aimed at exploration and
exploitation of the grain Marmajito.
Los Naranjos exploit their lateral
extension westward and the mine's
Beaked eastbound; two mines are
connected to the main mine workings
has 18 levels and the mining company
currently operates
"ASOMARMAJITO." The Las Brisas
mine exploits the superficial vein of the
mine Córdoba.