B2 Digital Subsidiary Castle Creek Enters Into LOI for Joint Venture on Firma Gold Courville Property
July 22 2010 - 8:00AM
B2 Digital (Pink Sheets:BTDG) is pleased to announce its Castle
Creek Subsidiary has signed a letter of intent to enter into a
joint venture with Firma Gold Inc. for it's Courville Gold Project
in Quebec. The LOI is subject to certain conditions including
due diligence by B2 Digital, negotiation of final terms and
approval of the Transaction by B2 Digital's board, and other
conditions customary for transactions similar in nature.
The Courville project is an open-pit gold deposit located 44 km
north of Val-D'Or, Quebec, Canada, which consists of 337 claims
covering a surface of 13,655 hectares or 136.5 km.
Results from an exploration program conducted between December
2003 and 2005 on the Courville property, chiefly on the Thibodeau
Intrusive, indicated positive results. The exploration
program consisted of geophysical prospecting, stripping, fluting,
boring and a 14,000 ton bulk sampling which produced 786.75 ounces
of gold at an average grade of 1.93 g/t gold.
Additional exploration confirmed the strike of a strong induced
polarization geophysical anomaly, which was found along the gold
deposit margin. The centre of this anomaly was successfully
tested using two drill holes. The grades obtained are 0.97
g/t Au at 56 and 64 meters. A second drilling program in
2006, which consisted of a series of vertical holes in a 10 meter
mesh drilled at a depth of more than 60 meters, gave a huge
quantity of information leading to the mineral resource
estimate.
The geologic information currently available indicates a
mineralizing process at a gold grade varying from 0.5 g/t to 5 g/t
and a silver grade of 15 g/t on a minimal length of 100 m from the
auriferous zone.
The rock mass appears very similar in composition to the
auriferous deposit host rocks found in the Val-D'Or and Malartic
mining camps, located 60 and 85 km SW of the Courville
property. The Courville property is in the vicinity of the
Larder Lake - Cadillac deformation zone, which have produced more
than 25 million ounces of gold since the early 1930's.
Previous geologic and geophysical works performed on the Courville
property have shown that the TIC (Thibodeau Intrusive Complex)
trends in a NW-SE direction, parallel to and likely forming part of
the Courville segment of the eastern end of the Destor - Porcupine
deformation zone. At the other end of this deformation zone,
at 300 km further west, the rock mass hosts the 75 million gold
ounces from Timmins mining camp.
The gold mineralization occurs mainly as a series of five
sub-horizontal quartz stock work domains, ranging from 2.5 to 7.5
meters each in width. They are located with 750 meters long
by 75 meters wide by 500 meters deep segment of the TIC (the TIC
staying open in depth). Gold assay results from 2,000 samples
of the TIC revealed grades up to 166 g/t gold.
Castle Creek's geologist, Jim Ebisch will be the head geologist
on the project and due diligence. Mr. Ebisch is a
professional geologist, registered in Oregon, and with experience
in preparation of 43-101 reports.
B2 Digital President, Paul LaBarre, stated, "It has always been
one of our highest priorities to create maximum value for our
shareholders. Creating a vehicle focused on the exploration
of gold, silver, and uranium will allow us continuity of
management, as well as a focus on multiple minerals in various
geographic regions."
Mr. LaBarre continued, "We believe this transaction is in the
best interests of our shareholders. Our acquisition of Castle
Creek has provided us with the necessary personnel for a project
like Courville. Once we have completed our due diligence and
final negotiations with Firma we would anticipate conducting an
expedited exploration program on this project with tremendous
upside.
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.
CONTACT: Atlanta Capital Partners, LLC
For B2 Digital
David Kugelman
866-692-6847
dk@atlcp.com
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