MESA, Ariz., June 16, 2010 (GLOBE NEWSWIRE) -- B2 Digital, Inc. (Pink Sheets:BTDG) announced today its wholly owned subsidiary Castle Creek Silver (CCS) plans to implement its option to purchase the 165 acre Castle Creek Silver project. CCS is considered to be a high grade silver prospect. The Company's senior geologist recently completed an on-site review of the property and the Company anticipates work to begin as soon as funding is in place.
CCS is currently planning to initiate an underground mapping and sampling program of accessible historic mine workings, with an objective determining the extent and average grade of mineralization, and organize a subsequent exploration phase based on these results.
Rock samples taken from a robust hydrothermal breccia and associated rocks on the CCS holdings in 2008 yielded gold grades of up to 0.22 opt gold and 57.0 opt silver. The breccia is hosted by altered granodiorite and contains locally massive pyrite, galena, sphalerite, arsenopyrite, and possibly ruby silver within a siliceous, sulfide-bearing matrix. Clasts within the breccia consist of dark grey rhyolite with semi-massive sulfides, massive pyrite with base metal sulfides and massive arsenopyrite, and light-grey quartz. Initial sampling of this breccia returned assays of up to 0.22 opt gold and 29.7 opt silver. The assays of rock samples stated above are from select samples of mineralization, and may not represent the average grade of mineralization on the property.
Despite the existence of extensive, high-grade gold/silver mineralization in the breccia and related mineralized rocks, the CCS holdings have apparently never been tested by drilling. The breccia and associated mineralized rocks suggest the possible existence of a larger diatreme, or breccia-filled volcanic pipe formed by a gaseous explosion. The amount of mineralization existing on the property has not been established at this time. Post-mineral basalts cover the granodiorite locally in the area, and could conceal additional mineralization.
B2 Digital President Paul LaBarre commented, "An asset like Castle Creek could prove to be a high-grade silver prospect." Mr. LaBarre continued, "As we move forward with the work program at Castle Creek, 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.