MESA, Ariz., June 7, 2010 (GLOBE NEWSWIRE) -- B2 Digital, Inc. (Pink Sheets:BTDG) announced today that its wholly owned subsidiary Castle Creek Silver (CCS) has signed an exploration mining lease covering the Black Rock GB group of mining claims, which is comprised of approximately two hundred acres.
The exploration mining lease covers ten unpatented mining claims in the Black Rock Mining District in Yavapai County, Arizona, with an effective date of June 2, 2010. The fifteen year lease is subject to a two percent (2%) net smelter return, and minimal advance royalty payments.
The claims cover the northerly extension of breccias pipes trending northeasterly beginning at the Gold Bar mining property, displaying evidence of gold, copper and locally uranium mineralization. The area is in the southern margin of the geologically active transition zone between the Colorado Plateau on the northeast, and the Basin and Range districts to the southwest.
The host rock is partly composed with metamorphosed Proteozoic formations, which appear to have intruded by younger igneous rocks. The initial plans for the property are exploration of the existing breccias pipes which may be associated with laramide porphyry-type intrusive at depth; exploration efforts will be focused on geologic mapping and surface sampling. A professional engineer-geologist has been retained for an initial field survey. Subsequent activities may include diamond drilling of the area containing the breccias pipes and deeper for the porphyry intrusive.
B2 Digital President Paul LaBarre commented, "B2 Digital is dedicated to adding leverage for its shareholders, while building our portfolio of mineral property interests is part of our business plan to provide value for 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 risks 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.