PriceSensitive

Blackrock Silver drills over one kilo per ton in Nevada

Market News, Mining
TSXV:BRC
15 October 2024 09:03 (EDT)
2024 drilling at Blackrock Silver's Tonopah West project in Nevada

(Source: Blackrock Silver)

Blackrock Silver (TSXV:BRC) is announcing standout assays from the 2024 drill program on its Tonopah West project in Nevada’s Walker Lane trend.

The program, which broke ground in July 2024, seeks to upgrade and expand the shallowest portion of the DPB area from inferred to measured and indicated (M&I) resources, as well as expand a one kilometre trend of vein corridor linking the DBP and the NW step-out areas.

Results from the M&I conversion program demonstrate continuity of high-grade gold and silver, as highlighted in the table below.

Tonopah West drill hole assays above 190 grams per ton of silver equivalent (g/t AgEq)

Hole IDHole typeAreaFrom (m)To (m)Interval (m)Ag g/tAu g/tAgEq g/t
TXC24-076RC/CoreDPB195.62195.930.3199.201.440228.8
TXC24-077RC/CoreDPBNVACO
TXC24-078RC/CoreDPBNVACO
TXC24-079RC/CoreDPBNVACO
TXC24-080RC/CoreDPB367.29369.271.98174.000.844249.9
TXC24-081RC/CoreDPB182.73183.490.76237.002.530464.7
TXC24-082RC/CoreDPBNVACO
TXC24-083RC/CoreDPBAssays Pending
TXC24-084RC/CoreDPBAssays Pending
TXC24-085RC/CoreDPBAssays Pending
TXC24-086RC/CoreDPBNVACO
TXC24-087RC/CoreDPB172.21174.802.591920.9320.2623744.8
Including173.74174.801.074328.2646.5068514.5
TXC24-088RC/CoreDPB177.24177.850.6191.891.450222.4
TXC24-089RC/CoreDPB337.93338.240.31148.000.998237.8
TXC24-090RC/CoreDPB161.85162.921.07436.005.110896.0
TXC24-090RC/CoreDPB173.43174.350.9121.292.870279.6
TXC24-091RC/CoreDPB242.32244.081.77111.001.060206.4
TXC24-091RC/CoreDPB249.02252.133.11350.123.519666.8
Including250.55252.131.59469.474.931913.3
TXC24-092RC/CoreDPB141.64142.771.13534.006.9101156.0
TXC24-092RC/CoreDPB145.70149.053.35470.565.356952.6
Including148.32149.050.731706.0019.4673458.3
TXC24-092RC/CoreDPB186.02187.301.28303.003.660632.4
TXC24-093RC/CoreDPBAssays Pending
TXC24-094RC/CoreDPBAssays Pending
TXC24-095RC/CoreDPBAssays Pending
TXC24-096RC/CoreDPBAssays Pending
TXC24-097RC/CoreDPBAssays Pending
TXC24-098RC/CoreDPBAssays Pending
TXC24-099RC/CoreDPBAssays Pending
TXC24-100CoreDPB140.97143.232.26530.314.085898.0
Including141.67142.590.92943.007.1561587.1
TXC24-101CoreDPB137.56138.841.28687.186.6561286.4
NVACO=No values above cut-off. (Source: Blackrock Silver)

Drillholes TXC24-087, -090, -091, -100 and TXC24-101 represent a new high-grade gold and silver chute along the Merton/Bermuda high-grade vein system. The chute is 175 metres long and remains open to the northwest and southeast.

TXC24-092 is the beginning of an additional high-grade chute that suggests periodicity of gold and silver along the strike of the vein system.

TXC24-079, -089 and 090 encountered voids in the drilling resulting from fault fractures and what appear to be old workings.

Blackrock estimates that it is completing 2 to 3 core tails per week, with 30 drill holes completed to date and lab turnaround fluctuating between 6 to 8 weeks. The junior miner will release pending assays over the fall and winter months.

Leadership insights

“As we seek to de-risk our ounces through the early years of anticipated production at Tonopah West, initial results from our M&I conversion program not only establish exceptional continuity of high-grade mineralization, but have also been successful in stepping out beyond the existing resource envelope identifying significant near-surface expansion potential at higher-than-average grades,” Andrew Pollard, Blackrock Silver’s president and chief executive officer, said in a statement. “Multiple intercepts exceeding 1 kg/t AqEq were reported, including our highest-grade interval at Tonopah West to date of 1.07 meters at 8,514.5 g/t AgEq (4,328 g/t silver and 46.5 g/t gold). These findings bolster our confidence in the model presented in our recent preliminary economic assessment and suggest the possibility of shortening the pre-production development timeline as we track high-grade gold and silver mineralization closer to the surface. An additional 6 drill holes have been added to our M&I conversion program targeting the high-grade chute identified in TXC-24-087. The drills are slated to remain at site well into the new year, with additional drillholes to be added as new targets continue to emerge.”

About Blackrock Silver

Blackrock Silver is a junior miner developing demonstrated gold and silver ounces in the ground along Nevada’s Walker Lane trend and Northern Nevada rift.

Blackrock Silver (TSXV:BRC) last traded at C$0.37 per share. The stock has added 12.12 per cent year-over-year and 37.04 per cent since 2019.

Join the discussion: Find out what everybody’s saying about this junior gold and silver stock on the Blackrock Silver Corp. Bullboard and check out the rest of Stockhouse’s stock forums and message boards.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.

(Top photo of 2024 drilling at Blackrock Silver’s Tonopah West project in Nevada: Blackrock Silver)


Related News