Blackrock Silver Drills 3,745 g/t AgEq (1,921 g/t Ag and 20.26 g/t Au) over 2.6 Metres and Reports Multiple +1k g/t AgEq Intercepts at Tonopah West M&I conversion drilling within southern end of DPB area expands and confirms high-grade continuity of gold and
Blackrock Silver Drills 3,745 g/t AgEq (1,921
g/t Ag and 20.26 g/t Au) over 2.6 Metres and
Reports Multiple +1k g/t AgEq Intercepts at
Tonopah West
M&I conversion drilling within southern end of DPB area
expands and confirms high-grade continuity of gold and
silver in the shallowest portion of the resource area
Highlights
TXC24-087 returned 2.59 metres of 3,744 grams per tonne (g/t) silver equivalent (AgEq)
(1,920.93 g/t silver (Ag) and 20.26 g/t gold (Au)), including 1.07 metres of 8,514.5 g/t AgEq (
4,328 g/t Ag and 46.5 g/t Au)
TXC24-101 returned 1.28 metres of 1,286 g/t AgEq (687 g/t Ag and 6.56 g/t Au)
TXC24-092 returned 3.35 metres of 952.6 g/t AgEq (470.56 g/t Ag and 5.35 g/t Au), in
addition to 1.13 metres of 1,156 g/t AgEq (534 g/t Ag and 6.9 g/t Au)
TXC24-100 returned 2.26 metres of 898 g/t AgEq (530.30 g/t Ag and 4.08 g/t Au), including
0.92 metres of 1,587.1 g/t AgEq (943 g/t Ag and 7.15 g/t Au)
Vancouver, British Columbia--(Newsfile Corp. - October 15, 2024) -
Blackrock Silver Corp. (TSXV:
BRC) (OTCQX: BKRRF) (FSE: AHZ0)
("
Blackrock
" or the "
Company
") is pleased to announce initial
assay results from its fully-funded 2024 drill program (see news release dated July 30, 2024) at the
Company's Tonopah West project ("
Tonopah West
") located within the prolific Walker Lane trend in
Esmeralda and Nye Counties adjacent to the town of Tonopah, Nevada, USA.
The Company's 2024 drill campaign on Tonopah West, which commenced in late July 2024, includes an
in-fill drilling component with a goal to upgrade and expand the shallowest portion of the DPB resource
area from inferred mineral resources to measured and indicated mineral resources (the "
M&I
Conversion Program
") and an exploration component that is targeting expansion potential across a
one kilometre trend of vein corridor linking the DBP and the NW step out resource areas.
The drilling utilized a reverse circulation (RC) drill to complete pre-collar drillholes to various depths and
then core tails to drill through the modelled target zones in DBP and the Northwest step out areas. Initial
results from the M&I Conversion Program at DPB show continuity of the high-grade gold and silver as
demonstrated by the results in Table 1 below.
Andrew Pollard, the Company's President and CEO, stated, "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. Multiple intercepts exceeding 1 kg/t AgEq 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 Ag and 46.5 g/t Au). 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 drillholes 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"
Table 1: Tonopah West Drillhole Assays above 190 gpt AgEq
Hole ID
Hole Type
Area
From (m)
To (m)
Interval (m)
Ag g/t
Au g/t
AgEq g/t
TXC24-076
RC/Core
DPB
195.62
195.93
0.31
99.20
1.440
228.8
TXC24-077
RC/Core
DPB
NVACO
TXC24-078
RC/Core
DPB
NVACO
TXC24-079
RC/Core
DPB
NVACO
TXC24-080
RC/Core
DPB
367.29
369.27
1.98
174.00
0.844
249.9
TXC24-081
RC/Core
DPB
182.73
183.49
0.76
237.00
2.530
464.7
TXC24-082
RC/Core
DPB
NVACO
TXC24-083
RC/Core
DPB
Assays Pending
TXC24-084
RC/Core
DPB
Assays Pending
TXC24-085
RC/Core
DPB
Assays Pending
TXC24-086
RC/Core
DPB
NVACO
TXC24-087
RC/Core
DPB
172.21
174.80
2.59
1920.93
20.262
3744.8
Including
173.74
174.80
1.07
4328.26
46.506
8514.5
TXC24-088
RC/Core
DPB
177.24
177.85
0.61
91.89
1.450
222.4
TXC24-089
RC/Core
DPB
337.93
338.24
0.31
148.00
0.998
237.8
TXC24-090
RC/Core
DPB
161.85
162.92
1.07
436.00
5.110
896.0
TXC24-090
RC/Core
DPB
173.43
174.35
0.91
21.29
2.870
279.6
TXC24-091
RC/Core
DPB
242.32
244.08
1.77
111.00
1.060
206.4
TXC24-091
RC/Core
DPB
249.02
252.13
3.11
350.12
3.519
666.8
Including
250.55
252.13
1.59
469.47
4.931
913.3
TXC24-092
RC/Core
DPB
141.64
142.77
1.13
534.00
6.910
1156.0
TXC24-092
RC/Core
DPB
145.70
149.05
3.35
470.56
5.356
952.6
Including
148.32
149.05
0.73
1706.00
19.467
3458.3
TXC24-092
RC/Core
DPB
186.02
187.30
1.28
303.00
3.660
632.4
TXC24-093
RC/Core
DPB
Assays Pending
TXC24-094
RC/Core
DPB
Assays Pending
TXC24-095
RC/Core
DPB
Assays Pending
TXC24-096
RC/Core
DPB
Assays Pending
TXC24-097
RC/Core
DPB
Assays Pending
TXC24-098
RC/Core
DPB
Assays Pending
TXC24-099
RC/Core
DPB
Assays Pending
TXC24-100
Core
DPB
140.97
143.23
2.26
530.31
4.085
898.0
Including
141.67
142.59
0.92
943.00
7.156
1587.1
TXC24-101
Core
DPB
137.56
138.84
1.28
687.18
6.656
1286.4
AgEq gpt=(Au gpt*90)+Ag gpt; True thickness is plus 90% of interval thickness based on the modelled vein geomtries; NVACO=No values above cut off;
Cut-off grade is 190 gpt AgEq; RC/Core = RC pre-collar with core tail; Core is core from the surface.
Drillholes TXC24-087, -090, -091, -100 and TXC24-101 define a new high-grade gold and silver chute
that has a direction of azimuth 320° to 330° and a pitch of 32° along the Merton/Bermuda high-grade
vein system. The length of the high-grade ore chute is approximately 175 metres but open to the NW and
SE. TXC24-092 is the start of another high-grade chute suggesting periodicity of the high-grade gold
and silver along the strike of the vein system.
The high-grade appears to have a 105 metres cyclicity.
More work is required to understand the high-grade chutes, orientation and periodicity.
Figure 1: TXC24-087 core showing high-grade gold and silver interval
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/676/226556_28491bd984cc9a27_001full.jpg
Drillholes showing NVACO in Table 1 are mineralized; however, silver equivalent values are less than
the 190 AgEq cut off.
Veins identified in these drillholes show the vein are mineralized with lower grade
gold and silver.
Gold values range from 0.096 g/t to 0.734 g/t Au and silver values range from 4.2 g/t to
37.7 g/t Ag and AgEq between 7.8 and 134.4 g/t AgEq.
These values assist with modelling the veins
and their orientation and geometries.
TXC24-079, -089 and 090 encountered voids in the drilling.
The voids are the result of fault fractures and
potentially old workings.
The cavities were between 2 to 6 metres in width.
The larger cavity caused
TXC24-090 to be terminated prematurely.
The drill program is completing 2 to 3 core tails per week with lab turn around at roughly 6 to 8 weeks,
with 30 drillholes completed to date. Many drillholes have pending assays which will be released as
batches through the fall and winter months.
Figure 2: Drillhole location map of the DPB in-fill area showing drillholes discussed in the news release
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/676/226556_28491bd984cc9a27_002full.jpg
Table 2: Tonopah West Drillhole Location Coordinates (based on GPS readings in the field, Datum
UTM, NAD 1927, Zone 11)
Hole ID
Area
Type
NAD27_E
NAD27_N
Elevation (m)
Depth (ft)
Depth (m)
Azimuth
Inclination
TXC24-076
DPB
RC/Core
478055.0
4213121.9
1782.0
980.0
298.7
0
-70
TXC24-077
DPB
RC/Core
478048.0
4213250.0
1777.0
762.0
232.3
180
-55
TXC24-078
DPB
RC/Core
478020.0
4213254.0
1775.7
772.0
235.3
180
-62
TXC24-079
DPB
RC/Core
478011.0
4213509.0
1777.8
1004.0
306.0
180
-60
TXC24-080
DPB
RC/Core
477931.0
4213700.0
1768.8
1221.5
372.3
180
-55
TXC24-081
DPB
RC/Core
477989.0
4213250.0
1774.5
760.0
231.6
180
-55
TXC24-082
DPB
RC/Core
477745.0
4213514.0
1762.3
1201.0
366.1
200
-55
TXC24-083
DPB
RC/Core
477961.0
4213321.0
1775.2
932.0
284.1
180
-62
TXC24-084
DPB
RC/Core
477947.0
4213510.0
1774.3
1052.0
320.6
180
-60
TXC24-085
DPB
RC/Core
477925.0
4213419.0
1769.8
1077.0
328.3
180
-55
TXC24-086
DPB
RC/Core
477872.0
4213232.0
1771.2
857.0
261.2
180
-55
TXC24-087
DPB
RC/Core
478044.0
4213322.0
1777.0
825.0
251.5
180
-55
TXC24-088
DPB
RC/Core
478018.0
4213342.0
1777.0
913.0
278.3
180
-62
TXC24-089
DPB
RC/Core
478031.0
4213621.0
1771.4
1181.0
360.0
180
-60
TXC24-090
DPB
RC/Core
477991.0
4213343.0
1777.0
863.5
263.2
180
-55
TXC24-091
DPB
RC/Core
477971.0
4213506.0
1775.3
1090.0
332.2
180
-55
TXC24-092
DPB
RC/Core
477961.0
4213247.0
1773.7
755.0
230.1
180
-62
TXC24-093
DPB
RC/Core
477963.0
4213697.4
1769.0
1271.0
387.4
180
-60
TXC24-094
DPB
RC/Core
477924.0
4213244.0
1773.4
747.0
227.7
180
-55
TXC24-095
DPB
RC/Core
477928.0
4213334.0
1772.0
887.0
270.4
180
-55
TXC24-096
DPB
RC/Core
477925.0
4213514.0
1773.7
968.0
295.0
180
-55
TXC24-097
DPB
RC/Core
477897.0
4213245.0
1772.2
737.0
224.6
180
-62
TXC24-098
DPB
RC/Core
477899.0
4213339.1
1770.7
1127.0
343.5
180
-62
TXC24-099
DPB
RC/Core
477900.0
4213418.0
1768.3
1080.0
329.2
180
-62
TXC24-100
DPB
Core
478048.0
4213250.0
1777.0
903.0
275.2
180
-77
TXC24-101
DPB
Core
478020.0
4213254.0
1775.7
917.0
279.5
167
-70
Quality Assurance/ Quality Control
All sampling is conducted under the supervision of the Company's project geologists, and a strict chain
of custody from the project to the sample preparation facility is implemented and monitored. The RC and
core samples are hauled from the project site to a secure and fenced facility in Tonopah, Nevada, where
they are loaded on to American Assay Laboratory's (AAL) flat-bed truck and delivered to AAL's facility in
Sparks, Nevada.
A sample submittal sheets are delivered to AAL personnel who organize and process
the sample intervals pursuant to the Company's instructions.
All core is cut using core saws at AAL's facility according to the Company's instructions delivered with
each core hole.
The RC and core samples, and QA/QC samples are crushed and pulverized, then the
pulverized material is digested and analyzed for gold using fire assay fusion and an Induced Coupled
Plasma (ICP) finish on a 30-gram assay split (FA-PB30-ICP). Silver is determined using five-acid
digestion and ICP analysis (ICP-5AM48).
Over limits for gold and silver are determined using a
gravimetric finish (GRAVAU30 and GRAVAG30).
Data verification of the assay and analytical results
are completed to ensure accurate and verifiable results. Blackrock personnel insert a blind prep blanks,
lab blanks or a certified reference material approximately every 15th to 20th sample.
Qualified Persons
Blackrock's exploration activities at Tonopah West are 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 -
Standards of Disclosure
for Mineral Projects
. He has reviewed and approved the contents of this news release.
About Blackrock Silver Corp.
Backed by gold and silver ounces in the ground, Blackrock is a junior precious metal focused exploration
and development company driven to add shareholder value. Anchored by a seasoned Board of
Directors, 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.
Additional information on Blackrock Silver Corp. can be found on its website at
www.blackrocksilver.com
and by reviewing its profile on SEDAR at
www.sedarplus.ca
.
Cautionary Note Regarding Forward-Looking Statements and Information
This news release contains "forward-looking statements" and "forward-looking information" (collectively,
"
forward-looking statements
") within the meaning of Canadian and United States securities
legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements,
other than statements of historical fact, are forward-looking statements. Forward-looking statements in
this news release relate to, among other things: the Company's strategic plans; the timing of completion
of the Company's drill program at Tonopah West and the anticipated objectives and results therefrom;
the Company's objective to connect the DPB and NW step-out areas; the Company's de-risking
initiatives at Tonopah West; estimates of mineral resource quantities and qualities; estimates of
mineralization from drilling; geological information projected from sampling results; and the potential
quantities and grades of the target zones.
These forward-looking statements reflect the Company's current views with respect to future events and
are necessarily based upon a number of assumptions that, while considered reasonable by the
Company, are inherently subject to significant operational, business, economic and regulatory
uncertainties and contingencies. These assumptions include, 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; the historical basis for current estimates of potential quantities and
grades of target zones; the availability of skilled labour and no labour related disruptions at any of the
Company's operations; no unplanned delays or interruptions in scheduled activities; all necessary
permits, licenses and regulatory approvals for operations are received in a timely manner; the ability to
secure and maintain title and ownership to properties and the surface rights necessary for operations;
and the Company's ability to comply with environmental, health and safety laws. The foregoing list of
assumptions is not exhaustive.
The Company cautions the reader that forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause actual results and developments to differ materially from
those expressed or implied by such forward-looking statements contained in this news release and the
Company has made assumptions and estimates based on or related to many of these factors. Such
factors include, without limitation: 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; general market and industry conditions; and those factors identified under the caption
"Risks Factors" in the Company's most recent Annual Information Form.
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.
For Further Information, Contact:
Andrew Pollard
President and Chief Executive Officer
(604) 817-6044
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/226556