Blackrock Silver Announces Inclusion of the Victor Vein System into Upcoming Maiden Resource Estimate at Tonopah West
Blackrock Silver Announces Inclusion of the
Victor Vein System into Upcoming Maiden
Resource Estimate at Tonopah West
Vancouver, British Columbia--(Newsfile Corp. - March 24, 2022) - Blackrock Silver Corp. (TSXV: BRC)
(the "
Company
" or "
Blackrock
") is pleased to announce that modeling of the many silver and gold
intercepts reported to date at the Victor Vein system demonstrates sufficient vein continuity for inclusion
in the upcoming Maiden Resource Estimate (MRE) at the 100% controlled Tonopah West project,
located in the Walker Lane trend of Western Nevada.
The Victor vein system (the intersection of the Murray, Merger and O.K. vein systems) extends 480
metres along strike to the eastern border of the Tonopah West project which neighbours Summa Silver.
Blackrock's drilling shows the vein is 480-metres long and its dip extent is unknown at this time since the
bottom has not been encountered.
Drilling by Summa Silver indicates this vein system extends another
300 metres east along strike onto their property.
The Tonopah West project is conveniently situated directly adjacent to the town of Tonopah in Western
Nevada, with highway US 95 traversing the property, and the DPB and Victor resource areas are
comprised entirely of patented mining claims.
Andrew Pollard, Blackrock Silver's President and CEO, stated, "As we near completion on our maiden
resource estimate on the DPB target at Tonopah West, we concluded that the Victor vein system, which
is right next door, has sufficient information and will play a part in this important milestone for the
Company, alongside our DPB vein corridor. These vein systems are geologically and historically tied
together, with underground workings linking the two areas, of which are in very close proximity.
Over 90
years following development and production shut down, it is only fitting that these two areas re-emerge
for the next chapter of the "Queen of the Silver Camps." To accommodate the additional work required in
modelling this separate vein system, announcement of the maiden resource estimate is anticipated by
April 15
th
, 2022."
Figure 1: Plan map of Maiden Resource Areas
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/676/117945_0431ee0ff4806a18_002full.jpg
Table of Victor Significant Intercepts
Table 1: Previously released summary of significant Au and Ag assay results using a 200 g/t AgEq cut-
off grade from the Victor Target (Intercepts greater than 2,000 gram-metre AgEq show in bold text).
HOLEID
Area
From (m)
To (m)
Length (m)
Au_g/t
Ag_g/t
AgEq_g/t
Release Date
TW20-001
Victor
554.7
557.8
3
2.435
221.3
464.8
July 20, 2020
TW20-001
Victor
560.8
563.9
3
11.518
1046.1
2197.9
Including
560.8
562.4
1.5
18.667
1736.7
3603.4
TW20-001
Victor
574.5
603.5
29
5.291
435.7
964.8
Including
582.2
592.8
10.7
7.941
623.1
1417.2
TW20-001
Victor
612.6
615.7
3
1.925
135.1
327.6
TW20-003
Victor
702.6
704.1
1.5
1.89
140
329
September 1, 2020
TW20-012C
Victor
581.9
583.4
1.5
2.67
223.5
490.5
November 23, 2020
TW20-020C
Victor
585.2
586.7
1.5
4.75
334.5
809.5
November 23, 2020
TW20-020C
Victor
592.2
593.1
0.9
19
1634.4
3534.4
TW20-021C
Victor
621.2
624.2
3
3.5
435.5
785.5
November 23, 2020
TW20-024C
Victor
521.5
523.1
1.6
2.05
210
415
November 23, 2020
TW20-024C
Victor
573.3
574.7
1.4
3.56
405
761
TW20-024C
Victor
580
582.4
2.4
3.948
364
758.8
TW20-031C
Victor
535.8
538.7
2.9
5.353
545.9
1081.2
November 23, 2020
TW20-041C
Victor
578.2
581.3
3.1
1.884
198
386.4
January 14, 2021
Including
578.2
578.5
0.3
5.5
571
1121
TW20-061C
Victor
631.6
650.1
18.5
1.539
142
295
January 14, 2021
TW21-077
Victor
599
602
3
3.075
310
617.5
May 5, 2021
Including
599
600.5
1.5
4.19
443
862
TW21-077
Victor
606.5
614.2
7.6
2.139
230
444
TW21-085
Victor
594.4
599
4.6
3.113
275.6
338.9
September 1, 2021
TW21-093C
Victor
494.3
495.1
0.8
1.93
207
400
May 5, 2021
TW21-094C
Victor
527.8
532.2
4.4
1.837
140.8
324.5
July 8, 2021
Including
528.2
530.4
2.2
2.956
226.8
522.4
TW21-094C
Victor
597.4
598.3
0.9
0.942
117
211.2
TW21-094C
Victor
601.2
601.9
0.7
1.02
117
219
TW21-095C
Victor
551.1
552.6
1.5
3.66
376
742
July 8, 2021
TW21-095C
Victor
608
608.2
0.2
1.1
152
262
TW21-096C
Victor
465
466.1
1.1
1.97
126
323
July 8, 2021
TW21-096C
Victor
467.4
468.9
1.5
1.14
118
232
TW21-097C
Victor
461.2
467.7
6.5
1.945
261.3
455.8
September 1, 2021
Including
464.5
466.1
1.6
5.26
655
1181
TW21-097C
Victor
469.4
477.5
8.1
1.076
192.9
300.5
TW21-097C
Victor
488.2
489.9
1.7
3.93
660
1053
TW21-097C
Victor
499.3
500.9
1.6
0.917
122
213.7
TW21-116
Victor
435.9
437.4
1.52
1.6
187
347
February 17, 2022
TW21-116
Victor
519.7
521.2
1.52
1.49
144
293
TW21-116
Victor
538
541
3.05
1.164
176.5
292.9
AgEq_g/t = Ag_g/t + Au_g/t*100; True thickness unknown. NSV = No significant values
Blackrock's exploration activities at the Tonopah West project are being conducted and supervised by
Mr. William Howald, Executive Chairman of Blackrock. Mr. William Howald, AIPG Certified Professional
Geologist #11041, is a Qualified Person as defined under National Instrument 43-101. He has reviewed
and approved the contents of this news release.
About Blackrock Silver Corp.
Blackrock is a junior precious metals focused exploration company that is on a quest to make an
economic discovery. Anchored by a seasoned Board, the Company is focused on its Nevada portfolio of
properties consisting of low-sulphidation epithermal gold & silver projects located along the established
Northern Nevada Rift in north-central Nevada and the Walker Lane trend in western Nevada. With 110,00
metres of drilling completed at their flagship Tonopah West silver-gold project, the Company plans to
deliver a maiden resource estimate by April 15
th
, 2022.
For further information, please contact:
Andrew Pollard, President & CEO
Blackrock Silver Corp.
Phone: 604 817-6044
Email:
Forward Looking Statements
This news release contains "forward-looking statements" within the meaning of Canadian securities
legislation. Such forward-looking statements concern the Company's strategic plans, completion of
the maiden resource estimate on the Tonopah West project in the first quarter of 2022, timing and
expectations for the Company's exploration and drilling programs, estimates of mineralization from
drilling, geological information projected from sampling results and the potential quantities and
grades of the target zones. Such forward-looking statements or information are based on a number of
assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other
things: conditions in general economic and financial markets; accuracy of assay results; geological
interpretations from drilling results, timing and amount of capital expenditures; performance of
available laboratory and other related services; future operating costs; and the historical basis for
current estimates of potential quantities and grades of target zones. The actual results could differ
materially from those anticipated in these forward-looking statements as a result of
risk factors,
including the ability of the Company to make payments related to the lease option to purchase the
Tonopah West project; the timing and content of work programs; results of exploration activities and
development of mineral properties; the interpretation and uncertainties of drilling results and other
geological data; receipt, maintenance and security of permits and mineral property titles;
environmental and other regulatory risks; project costs overruns or unanticipated costs and expenses;
availability of funds; failure to delineate potential quantities and grades of the target zones based on
historical data, and general market and industry conditions. Forward-looking statements are based on
the expectations and opinions of the Company's management on the date the statements are made.
The assumptions used in the preparation of such statements, although considered reasonable at the
time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place
undue reliance on these forward-looking statements, which speak only as of the date the statements
were made. The Company undertakes no obligation to update or revise any forward-looking
statements included in this news release if these beliefs, estimates and opinions or other
circumstances should change, except as otherwise required by applicable law.
Neither the 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/117945