Exhibit 10
BLACKROCK RESOURCES INC.
6100 NEIL ROAD SUITE 500
RENO, NV 89511
July 24, 2009
Attention: Global Minerals Ltd.
This Letter Agreement dated for reference as of July 17, 2009,
between Blackrock
Resources Inc., a Nevada company ("Blackrock") and Global Minerals
Ltd., a
British Columbia Company ("GM"), (both parties collectively
referred to as the
"Parties").
This Letter Agreement shall set forth the terms of an agreement
between the
Parties, which, when accepted and executed below, shall form a
binding agreement
between the Parties, subject only to incorporation and expansion of
the terms
hereof into a more formal joint venture agreement (the "Formal
Agreement") on or
before September 15, 2009, pending which, this Letter Agreement
shall prevail.
1. For consideration of
$100,000 USD, payable upon signing of the Formal
Agreement,
the Parties agree to enter into a Joint Venture (where it
is
understood by the Parties that GM will contribute the Projects,
and
Blackrock
will contribute the capital) in order to explore, develop,
and exploit
the Front Range mining projects located Gold Hill, Boulder
County,
Colorado (the "Project"), the full legal description which is
