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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.
The company is planning on acquiring joint venture and mineral rightsto surrounding properties in Municipios of Segovia & Remedios inAntioquia. Surrounding licenses that will be targeted for acquisition andjoint ventures are #5163, # 5570, #6116, #4070 (two properties) knownas the Marmajon Project. The next target mine to be acquired will be LaSenora, an adjacent property to Las Palmeras, in the area of Segovia andRemedios Antioquia Colombia. The mines and mineral rights to beworked in a joint venture format with the eventual mineral rightsacquisition 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 thecomplete package may be priced and sold to a larger multinational goldmining venture. Two alluvial mines will be acquired and packagedseparately with the reserves from the initial raise. Plans to exploitseveral additional gold deposits with the mineral rights obtained onproperties and plans to produce up to 10,000 ounces the second yearand over 45,000 troy ounces of production and reserves locatedannually in the next five years.
The focus of the company will be hard rock mining ( In Situ). Through jointventures with an established exploration companies, the company is currentlyexploring for the hardrock and lode gold source(s) that continue to release thenew gold flakes being deposited annually onto the alluvial areas. The acquistionof various mineral rights through a joint venture format will allow the companyto offer a portfolio of exploitation properties with proven reserves to a multinational company in the future as an acquisition.Through its patners in Segovia, the company will secure future joint ventureswith ownership of Mining Rights from the Ministerio De Minas y Energia ofColombia for the exploitation of the precious metals and minerals in the groundand the timber above the ground. The private property rights may not exemptthe project from environmental regulation requirements on the properties andresponsible reclamation will be practiced. The properties are extremely rich ingold values due to their unique geological formation and restructuring overseveral million years.Stock QuoteBlackhawk Mines Corp. is listed on the Frankfurt Stock Exchange, Open Marketunder the ticker symbol: B06N
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.
MINE COORDINATES EAST AND COORDINATESNORTHLos Naranjos 931,183.64 1273,730.24 630 550La Picuda 932,187.87 1273,114.64 591 500Las Brisas 930,845.26 1273,260.24 690 570The areas granted by the company Frontino Gold Mines in theirrespective operation contract are:Los Naranjos: 9 Ha + 1281.83 m2The Picuda: 4 HA + 7214.6 m2Las Brisas: 4 Ha + 629.46 m2
These areas are bounded by the following coordinates. 1 931,173.71 1273,700.46 2 931,411.94 1273,827.48 3 931,422.51 1274,039.10 4 931,092.60 1274,126.60 COORDINATE E COORDINATE N 1 932,051.43 1273,191.47 2 932,152.57 1273,298.64 3 932,404.37 1273,110.56 4 932,287.72 1273,000.00 COORDINATE E COORDINATE N 1 930,607.24 1273,363.31 2 930,814.27 1273,375.04 3 930,869.35 1273,219.11 4 930,670.89 1273,143.91
Marmajito sector mines haveoperating agreement in effectwith the Frontino Gold MinesCompany, with a duration ofthree months, renewable. Theareas are well located withrespect to farm work today, theNaranjos except mine, which isadvancing on a crusade toCórdoba intercepting the veinout of the area. The mine LaPicuda has a fixed lowerboundary which is already belowthe lowest level on the contract,are advances are also side thatfall outside the allocated area.
Underground work in mines Marmajitosector, are aimed at exploration andexploitation of the grain Marmajito.Los Naranjos exploit their lateralextension westward and the minesBeaked eastbound; two mines areconnected to the main mine workingshas 18 levels and the mining companycurrently operates"ASOMARMAJITO." The Las Brisasmine exploits the superficial vein of themine Córdoba.