Blackrock Silver Drills 4.7 Metres Grading 714 g/t AgEq (379 g/t Ag and 3.72 g/t Au) and Reports Multiple +1 Kilogram Per/Tonne AgEq Intercepts at Tonopah West M&I Conversion Program Expands and Confirms Continuity of High-Grade Gold and Silver in the Shallowest Portion of the
Blackrock Silver Drills 4.7 Metres Grading 714
g/t AgEq (379 g/t Ag and 3.72 g/t Au) and
Reports Multiple +1 Kilogram Per/Tonne AgEq
Intercepts at Tonopah West
M&I Conversion Program Expands and Confirms Continuity of
High-Grade Gold and Silver in the Shallowest Portion of the
Deposit
HIGHLIGHTS:
TXC24-119 returned 4.69 metres of 714 grams per tonne ("g/t") silver equivalent ("AgEq")
(379.0 g/t silver ("Ag") and 3.72 g/t gold ("Au")) from a depth of 370.4 metres, including
1.22 metres of 1,469 g/t AgEq (770.5 g/t Ag and 7.76 g/t Au).
TXC24-117 yielded 2.01 metres of 1,783 g/t AgEq (1,141 g/t Ag and 7.13 g/t Au) from a
depth of 261.2 metres, including 0.40 metres of 6,064.4 g/t AgEq (3,712 g/t Ag and 26.13 g/t
Au).
TXC24-102 intersected 0.98 metres of 1,048 g/t AgEq (628.0 g/t Ag and 4.67 g/t Au) from a
depth of 152.9 metres, including 0.61 metres of 1,321 g/t AgEq (756.0 g/t Ag and 6.28 g/t
Au).
M&I Conversion Program: Assays for 5 completed drillholes are pending at this time, with
a further 8 drillholes to be completed to finish off the program. An additional 6 reverse
circulation ("RC") drillholes have also been added to follow-up on high-grade
mineralization encountered 200 metres to the east of the M&I Conversion Area.
Resource Expansion Program: 9 drillholes testing broad continuity of high-grade gold &
silver mineralization across a 1 kilometre vein corridor aiming to link the DPB resource
area with the NW Stepout resource area have been completed with all assays pending at
this time.
Vancouver, British Columbia--(Newsfile Corp. - January 16, 2025) -
Blackrock Silver Corp. (TSXV:
BRC) (OTCQX: BKRRF) (FSE: AHZ0)
("
Blackrock
" or the "
Company
") is pleased to report the third
tranche of assays from the M&I Conversion Program (as defined herein) on the Company's 100% owned
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 consisting of approximately forty drillholes within the shallow southern portion of
the DPB resource area with a goal to convert up to 1.5-million tonnes of material 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 "
Resource Expansion Program
").
The area in which the M&I Conversion Program is taking place (the "
M&I Conversion Area
")
represents the initial years of anticipated production based on the mine plan laid out in the Company's
Preliminary Economic Assessment on Tonopah West (the "
PEA
") (see September 4, 2024 news
release). The M&I Conversion Program has completed 32 of the planned 40 drillholes.
An additional 6
core holes from surface were added to follow up on high-grade intercepts encountered in the course of
the M&I Conversion Program.
To the end of December 2024, a total of 10,055 metres (32,989 feet)
have been completed. The Company has received assays for 28 of the 32 drillholes completed, with
assays for five drillholes pending. Eight pre-collars and core tails will be completed in early 2025 to
complete the M&I Conversion Program.
Table 1 shows the third installment of drillhole assays received
to date at a 150 g/t AgEq cut-off grade.
Andrew Pollard, the Company's President and CEO, stated, "Assay results from our ongoing M&I
Conversion Program continue to tie together shallow high-grade gold & silver mineralization both within
and up-dip from the existing resource area that is projected to represent the initial years of production at
Tonopah West. A new very shallow zone of interest has emerged east of the M&I Conversion Area, and
additional drilling is being deployed to test roughly 200 metres of new strike potential along what is
thought to be the Merten vein.
In addition, we expect to have our first tranche of assays from our separate
Resource Expansion Program over the coming weeks, where 1 kilometre of vein corridor is being drill
tested with an aim of adjoining high-grade mineralization between our DPB and Northwest Step Out
deposits. Drilling remains ongoing at site, and with a substantial backlog of assays pending at the lab
from both our M&I Conversion Program and Resource Expansion Program, the Company is poised for
an active start to 2025."
Table 1: Tonopah West Assay Intercepts using 150 g/t AgEq cut off
Hole ID
HoleType
Program
From
(m)
To
(m)
Drill
Interval
(m)
Ag g/t
Au g/t
AgEq g/t
1
TXC24-101
Core
M&I
137.56
138.84
1.28
687.18
6.656
1286.4
1
TXC24-101
Core
M&I
169.26
169.56
0.31
181.00
2.970
448.3
1
TXC24-101
Core
M&I
255.42
256.49
1.07
66.38
1.310
184.3
TXC24-102
Core
M&I
152.95
153.92
0.98
627.99
4.670
1048.3
Including
153.32
153.92
0.61
756.00
6.280
1321.3
TXC24-103
Core
M&I
232.26
233.78
1.52
133.96
1.675
284.7
Including
232.26
232.56
0.31
660.00
8.230
1400.8
TXC24-104
Core
M&I
295.2
295.6
0.40
125.00
1.610
269.9
TXC24-105
Core
M&I
NSV
TXC24-115
RC/Core
M&I
Assays Pending
TXC24-116
RC/Core
M&I
199.34
199.89
0.55
987.00
11.467
2019.2
TXC24-116
RC/Core
M&I
206.66
207.2
0.55
236.00
1.240
347.6
TXC24-116
RC/Core
M&I
209.09
209.7
0.61
107.00
0.820
180.8
TXC24-116
RC/Core
M&I
218.12
218.69
0.58
135.00
1.440
264.6
1
TXC24-117
RC/Core
M&I
246.46
247.04
0.58
105.00
1.460
236.4
1
TXC24-117
RC/Core
M&I
261.21
263.23
2.01
1141.02
7.139
1783.6
Including
261.21
261.52
0.31
2227.00
10.200
3145.1
Including
262.83
263.23
0.40
3712.00
26.133
6064.4
TXC24-118
RC/Core
M&I
Assays Pending
TXC24-119
RC/Core
M&I
370.42
375.12
4.69
379.00
3.722
714.0
Including
372.16
373.38
1.22
770.49
7.757
1468.8
TXC24-120
RC/Core
M&I
Assays Pending
TXC24-121
RC/Core
M&I
Assays Pending
TXC24-122
RC/Core
M&I
Assays Pending
AgEq g/t=(Au g/t*90)+Ag g/t; True thickness is 80 to 90% of interval thickness based on the modelled vein geomtries; NSV=No values above cut off;
Cut-off grade is 150 g/t AgEq; RC/Core = RC pre-collar with core tail; Core is core from the surface.
Foot note 1: Partial assay results released on November 21, 2024.
TXC24-106 to TXC24-114 are part of the Resource Expansion Program.
The M&I Conversion Program is establishing continuity of the high-grade within the Merten vein, where
two northwest oriented mineralized chutes are showing thick high-grade gold and silver.
The mineralized
chutes are raking at an azimuth of 315 degrees and have continuity over an area 225 metres in length
and are still open in the northwest direction.
Initial results from the M&I Conversion Program are very positive with excellent continuity of high-grade
mineralization having been established over an area that is 200 metres by 250 metres and open to the
northwest and down dip.
An additional high-grade silver equivalent zone has emerged to the east of the M&I Conversion Area,
and additional drillholes are in progress to follow up on this isolated intercept along the Merten vein.
Six
reverse circulation (RC) drillholes have been added to the M&I Conversion Program to test the extents of
this high-grade and determine its overall relationship to the Merten vein system.
Figure 1: Map showing the location of drillholes cited in this news release
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/676/237369_4ccbeecb342629f3_001full.jpg
The Company is also progressing on its Resource Expansion Program to establish the continuity of gold
and silver from the DPB resource to the Northwest step out resource located approximately one
kilometre to the northwest of DPB.
A total of nine pre-collar holes, seven core tails and two core holes
from surface were completed by the end of 2024.
TXC24-107 was lost at 118 metres (387 ft) well above
the target veins.
All assays are pending at this time for drill holes TXC24-106 to TXC24-114.
Table 2: Tonopah West Drillhole Location Coordinates (based on GPS readings in the field, Datum
UTM, NAD 1927, Zone 11)
Hole ID
Area
Type
UTM_NAD27
E
UTM_NAD27
N
Elevation (m)
Depth
(ft)
Depth
(m)
Azimuth
Inclination
TXC24-101
DPB
Core
478020.0
4213254.0
1775.7
917.0
279.5
167
-70
TXC24-102
DPB
Core
478077.0
4213280.0
1778.2
1024.5
312.3
197
-65
TXC24-103
DPB
Core
478018.0
4213342.0
1777.0
1018.0
310.3
173
-53
TXC24-104
DPB
Core
478018.0
4213342.0
1777.0
1026.5
312.9
175
-70
TXC24-105
DPB
Core
478044.0
4213322.0
1777.0
879.5
268.1
180
-65
TXC24-115
DPB
RC/Core
477842.0
4213697.4
1766.0
1547.0
471.5
180
-60
TXC24-116
DPB
RC/Core
477870.0
4213339.1
1769.2
1173.0
357.5
180
-55
TXC24-117
DPB
RC/Core
477855.0
4213414.0
1769.2
1098.0
334.7
180
-55
TXC24-118
DPB
RC/Core
477871.0
4213514.0
1766.3
1298.0
395.6
180
-55
TXC24-119
DPB
RC/Core
477902.0
4213702.0
1769.2
1337.0
407.5
180
-60
TXC24-120
DPB
RC/Core
477832.0
4213253.0
1769.8
987.0
300.8
180
-62
TXC24-121
DPB
RC/Core
477821.0
4213419.0
1769.5
1158.0
353.0
180
-62
TXC24-122
DPB
RC/Core
477831.0
4213508.0
1765.0
1328.0
404.8
180
-60
Hole ID
Area
Type
UTM_NAD27
E
UTM_NAD27
N
Elevation (m)
Depth
(ft)
Depth
(m)
Azimuth
Inclination
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 sheet is delivered to AAL personnel who organize and process
the sample intervals pursuant to the Company's instructions.
The RC samples are lined out at the lab and logged in to AAL's system.
The core samples are cut using
core saws and personnel at AAL's facility in Sparks, Nevada according to the Company's instructions
delivered with each core hole.
All samples are dried, crushed to 85% passing 10 mesh (2mm) and a 250-gram sub-sample split is
collected and pulverized to 200 mesh (74 micron) in a ring and puck pulverizer.
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 blank, lab blank 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, consisting of the M&I Conversion Program and the
Resource Expansion Program and the anticipated objectives and results therefrom; additional
anticipated drilling within the M&I Conversion Area; the anticipated timing of receipt and announcement
of assay results; 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/237369