Blackrock Silver Announces Grant of Incentive Securities
Blackrock Silver Announces Grant of Incentive
Securities
Vancouver, British Columbia--(Newsfile Corp. - April 21, 2023) - Blackrock Silver Corp. (TSXV: BRC)
(the "
Company
" or "
Blackrock
") announces that it has granted an aggregate total of 542,250 restricted
share units ("
RSUs
") and 197,180 deferred share units ("
DSUs
") to certain directors and management
of the Company in accordance with the Company's Omnibus Equity Incentive Compensation Plan (the
"
Plan
").
Each RSU entitles the recipient to receive one common share of the Company, or a cash payment equal
to the equivalent for one common share of the Company, following the vesting period of the RSU. The
RSUs awarded will vest as to one-third on each of the first, second and third anniversaries of the date of
grant.
Each DSU entitles the recipient to receive one common share of the Company upon settlement of the
DSU. The DSUs awarded will fully vest on the first anniversary of the date of grant and will settle on the
termination of service.
For further information regarding the Plan, readers are encouraged to review the management
information circular prepared for the Company annual general meeting of shareholders held on
December 9, 2022, which includes a copy of the Plan, which is available under the profile for the
Company on SEDAR (
www.sedar.com
).
About Blackrock Silver Corp.
Backed by gold and silver ounces in the ground, Blackrock is a junior precious metal focused exploration
company driven to add shareholder value via the drill bit. With 2.97 million tonnes grading 446 g/t silver
equivalent
[1]
at its Tonopah West project, and a new bonanza-grade gold discovery at Silver Cloud, the
Company has a proven track record of exploration success. In addition to its gold and silver project
portfolio, the Company is credited with a lithium discovery, the Tonopah North project, which is under
option to a major lithium exploration group.
Anchored by a seasoned Board, the Company is focused on
its 100% controlled Nevada portfolio of properties consisting of low-sulphidation, epithermal gold and
silver mineralization located along the established Northern Nevada Rift in north-central Nevada and the
Walker Lane trend in western Nevada.
For further information, please contact:
Andrew Pollard, President & CEO
Blackrock Silver Corp.
Phone: 604 817-6044
Email:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
[1]
Technical information relating to the Tonopah West Project is based on and derived from the NI
43-101 report prepared for Blackrock entitled "Technical Report and Estimate of Mineral Resources
for the Tonopah West Silver-Gold Project, Nye and Esmeralda Counties, Nevada, USA" effective
April 28, 2022 (the "
Technical Report
"). The Technical Report outlines
2.97 million tonnes at a
block diluted grade of 208 grams per tonne (g/t) silver (Ag) and 2.5g/t gold (Au) for a total
inferred mineral resource of 19,902,000 ounces Ag and 238,000 ounces Au, or 446 g/t silver
equivalent (AgEq) for 42.6 million oz AgEq.
AgEq equivalent grade is based on silver and gold
prices of US$20/ounce and US$1750/ounce, respectively, and recoveries for silver and gold of 87% and
95%.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/163363