MESA, Ariz., Oct. 14, 2010 (GLOBE NEWSWIRE) -- B2 Digital, Inc. (Pink Sheets:BTDG) announced today that Joint Venture Partner Firma Gold Inc. is introducing further mining opportunities in Quebec to add to the Joint Venture managed by B2 Digital, Inc. The properties under consideration are not exclusively limited to gold but also include properties that may contain silver, copper and lithium.
Firma Gold President Stephane Leblanc stated, "Negotiations are ongoing as there are a number of opportunities that we are exploring to add more properties to our existing assets that we hope to finalize very soon. We are also seeking proposals from contractors with extensive experience in the Malartic Region to undertake a testing program at our existing claims."
The mining claims that form the asset base of the existing Joint Venture Agreement between B2 Digital, Inc. and Firma Gold Inc. are in the Courville Township, Abitibi Quebec. One company that Firma Gold will be contacting is Pershimco Resources who currently own claims in the area and who have a team of geologists and mining engineers recognized internationally. Other companies with experience working in the area are also being considered.
B2 Digital, Inc. must submit a budget for approval to Sino-Can Industrial Holdings Group Ltd. in order to access financing of up to $250,000 for testing on the Quebec properties. This will be possible once we complete negotiations and give out the work. There is no specific time frame required, however it is our intention to award the contract as soon as possible.
B2 Digital, Inc. believes that the value of the exploration assets that are included in the Joint Venture Agreement and those currently under consideration has great potential. The price of gold has hit an all-time high of $1368. per ounce and some predict will go even higher!
In an October 12, 2010 article, http://www.marketwatch.com/story/goldman-ups-12-month-gold-price-forecast-to-1650-2010-10-12, Goldman Sachs Group Inc. has raised its 12-month price target for gold to $1,650. an ounce, saying the return of quantitative easing is likely to continue to be strong catalyst for gold.
About B2 Digital, Inc.
B2 Digital is dedicated to seeking acquisitions and joint ventures within the resource sector and in particular mining properties that contain gold and silver reserves. Management of its subsidiary has many years of experience in the exploration and operations of mining assets. B2 Digital is currently in the process of divesting itself of some of its technology assets. More information on B2 Digital can be found at: http://www.b2digital.us.
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 of 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.