FOX ISLAND, Wash., Sept 30 /PRNewswire-FirstCall/ -- Black Hawk Exploration (BULLETIN BOARD: BHWX) a diversified energy and metals exploration company with its current focus on premium U.S. based Lithium development is pleased to announce its Clayton Valley, Nevada acquisition. Black Hawk Explorations 1,120 acre site is located in the Lithium rich Clayton Valley which is the home of the only Lithium production facility in the U.S. The Chemetall Foote facility has produced in excess of 50 million Kg of Lithium to date and is scaled to produce 1.2 million Kg a year. The American Institute of Mining estimates the mineral resource of the Clayton Valley to be 750 million Kg of Lithium. The Lithium brine deposits are located at depths of a few hundred meters and can be extracted in an environmentally friendly manner.
According to the U.S. Geological Survey the overall demand for Lithium is growing at a rate of 4-5% per year and the automotive market alone is projected to reach $337 million by 2012 and quadruple from those numbers to $1.6 billion by 2015. Lithium destined for battery usage is projected to increase at a rate of 20% per year. The next 3 years we expect the market for rechargeable Lithium batteries to grow to $6 billion annually.
"Lithium is the Future" http://www.blackhawkexploration.com/
Kevin Murphy, President of Black Hawk commented "...Our timing is perfect. As the international demand for battery-powered devices steadily increases, the Global demand for our potential Lithium production will focus the investment communities spotlight on Black Hawk Exploration and its Clayton Valley holdings. Chemetall Foote Minerals at their Clayton Valley Silver Peak Mine located in close proximity to our Blue Lithium Energy Clayton Valley holdings has been continually producing Lithium utilizing brines from shallow 300 ft to 800 ft wells for almost 45 years (1965). We believe the global demand for lithium will continue to steadily increase and drive the growth of Black Hawk Exploration and its wholly owned Blue Lithium Energy division."
Black Hawk is committed to an aggressive program of value added property acquisition, project generation, asset diversity and building Shareholder value.
"Safe Harbor" Statement: Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company''s expectations with regard to the future impact on the company''s results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995.
Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by Black Hawk (the "Company"), as well as those contained herein, that are not historical facts are "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934 and, because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.
Black Hawk Exploration Inc.
CONTACT: Kevin M. Murphy, CEO of Black Hawk Exploration,
+1-253-973-7135, Baronmarney@msn.com
Web Site: http://www.blackhawkexploration.com/
