Vancouver, BC / ACCESSWIRE / January 29, 2015 / BHK Mining Corp. (the "Company" or "BHK"), reports that the Company is mobilizing for its Phase One exploration program at a newly acquired 2,000 square kilometres manganese and gold Licence south of Ndjole, central Gabon (see press release dated January 26, 2015).
Following the conclusion of its acquisition of Dome International Global Inc. from Silver Bull Resources Inc. ("Silver Bull") on January 23, 2015, which holds, indirectly through a wholly owned Gabonese subsidiary, a 100 percent interest in the Ndjole Exploration Licence (the "Licence"), BHK will conduct an exploration program on the manganese mineralization discovery on the Licence.
As previously disclosed, net proceeds from BHK's private placement completed on January 23, 2015 will be utilized by the Company for exploration activities on the Licence, general and administrative costs of the Company over the next 12 months and for working capital.
LOCATION AND INFRASTRUCTURE
The Licence is located directly south of the regional capital Ndjole, approximately 150 kilometres straight-line distance from Libreville, the capital of Gabon. Ndjole can be reached by paved highway or light aircraft.
The Licence is well situated as the national railway line and Gabon's largest navigable river, the Ogooue, pass directly through the Licence area. Several operating manganese mines are located in Gabon, with the Bembele mine being adjacent to the Licence.
SUMMARY WORK PROGRAM
Previous diamond drilling carried out in 2010 by Silver Bull and then joint venture partner AngloGold Ashanti, returned an intersection of 4.5 metres @ 45 percent MnO from 3 metres below surface. There are numerous additional high-grade manganese horizons visible in the 2010 core.
These anomalous horizons were not previously submitted to the laboratory for manganese analysis. The core intervals will be sampled during the first quarter and submitted for laboratory assay.
Furthermore, Silver Bull, during its tenure collected 27,000 soil samples across the Licence. These samples have all been analysed by portable XRF, the results of which can be used as an effective screening mechanism for subsequent laboratory analysis and follow-up of manganese soil anomalies.
The BHK Phase One exploration program will commence in the first quarter of 2015. The program includes auger drilling and pitting on traverses over the previously discovered mineralization (North East: click here to view map) to establish size and continuity of the manganese horizons. Refurbishment of existing logging roads and re-establishment of field camps is an integral part of the Phase One program. Subsequent to the auger program, and based on results, a diamond drilling program will be implemented to obtain accurate grade and width information, and to test down dip extensions of the surface mineralization.
Once the auger work is completed over the North East anomaly, the auger teams will move southwards to test the Central East and South East anomalies.
During 2011, Silverbull Resources collected 5,800 soil samples on 400 x 50 metre grids within the Licence area (Grids 10, 11, 12 and 13) that were not submitted for laboratory analysis at the time. These soil samples will be re-sorted and the 100 metre interval samples sent for multi-element analysis during the first quarter of 2015.
David Underwood, Vice President Exploration for BHK, has developed the exploration program and will direct field operations in Gabon. Mr. Underwood is a Fellow of the Society of Economic Geology and Professional Natural Scientist under the South African Council for Natural Scientific Professions, South Africa.
Further details concerning the Company and the Ndjole manganese and gold Licence as outlined in the Company's filing statement dated August 28, 2014 may be found on SEDAR at www.sedar.com.
About BHK MINING CORP.
BHK recognizes the opportunity for a well-managed, professionally operated junior explorer and miner in Gabon, and has acquired the Licence in this region where high-grade, near-surface manganese mineralization is thought to be wide spread. Gabon is recognized as being among the top ten manganese producers in the world.
All technical information in this press release has been reviewed, approved and prepared under the supervision of George Read, P. Geo, a director of the Company, and David Underwood, VP Exploration who are the Company's "Qualified Persons" under the definitions set forth National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.
For further information contact:
On behalf of the Board of Directors
Claus Andrup
Chief Executive Officer
Telephone: 604 341 4691
Email: [email protected]
Forward Looking Information: This news release includes certain information that may be deemed "forward-looking information". Forward-looking information can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. All information in this release, other than information of historical facts, including, without limitation, the potential of the Ndjole License, the timing and success of exploration activities generally, and general future plans and objectives for the Ndjole License is forward-looking information that involve various risks and uncertainties. Although the Company believes that the expectations expressed in such forward-looking information are based on reasonable assumptions, such expectations are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking information. Forward-looking information is based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from the forward-looking information include unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulatory authorities in Canada. Mineral exploration and development of mines is an inherently risky business. Accordingly, actual events may differ materially from those projected in the forward-looking information. For more information on the Company and the risks and challenges of our business, investors should review our annual filings which are available at www.sedar.com. The Company does not undertake to update any forward looking information, except in accordance with applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: BHK Mining Corp.