MESA, Ariz., Aug. 4, 2010 (GLOBE NEWSWIRE) -- B2 Digital (Pink Sheets:BTDG) is pleased to announce its wholly-owned subsidiary Castle Creek Silver Inc. has acquired a uranium prospect in the state of Washington.
The uranium claims consist of six unpatented mining claims, from the LC uranium group, covering one hundred and twenty acres in east Pend D'Oreille County. The property is underlain by medium to coarse-grained porphyrtic granitic rocks. Most uranium occurrences in eastern Washington are situated in or closely associated with either granitic rocks of the Loon Lake batholiths or metasediments of the Precambrian Belt, or contact between the two. In the general area of the LC claims, Kerr McGee Corp. and Dennison Mines conducted reconnaissance exploration in the 1970's. Utah-Consolidated Uranium conducted radiometric surveys over areas covering exploration pits and dozer cuts.
The Company's exploration plans include revised geologic mapping and an expanded systematic radiometric survey of the entire property. The Company will consider adding additional uranium prospects if warranted.
B2 Digital President Paul LaBarre stated, "Our mineral exploration division now has expanded to exploring for uranium as well as gold and silver – three minerals we believe have long-term favorable supply-demand trends. These recently acquired claims, not subject to any underlying royalties, also expand our geographic focus of exploration to four states – Montana, Idaho, Arizona and now Washington." Mr. LaBarre continued, "The LC uranium group is our first acquisition in mining claims in Washington. Our plans call for a continuous expansion of our land position in 2010 and we anticipate providing positive results to our shareholders."
About B2 Digital
B2 Digital is a technology development company with interests in various media sectors involving the use of B2 Digital's technology development experience, which is dedicated to shareholder value through the acquisition and development of promising 21st century businesses, within the technology sector and outside of the technology sector. More information on B2 Digital can be found at http://www.b2digital.us.
About Castle Creek Silver
Castle Creek's strategy is to become a mid-tier silver producer through an aggressive acquisition and development plan focused on advanced-stage projects with known silver resources exhibiting potential for expansion. Castle Creek Silver is primarily focused on pursuing early and advanced stage silver-based opportunities in North America, South America and Mexico. More information on Castle Creek Silver can be found at http://www.castlecreekmining.com.
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result certain risk and uncertainties, including but not limited to those detailed from time to time in the Company's filings with Pink Sheets.com. Mining projects are subject to numerous risk factors including changing regulations, volatile commodity prices, and others factors that may preclude production should commercially viable reserves be established on a property and exploration plans dependent on funding and approval of any required permits. Please review on www.pinksheets.com as posted: July 29, 2010, Exhibit 1.02, Page 1 "Risk Factors".