Blackrock Silver Drills Multiple +1 kg/t AgEq Intercepts and Establishes Grade Continuity over 350 Metres in Final M&I Conversion Assays at Tonopah West Final Assay Results from the M&I Conversion Program Confirm High-Grade Continuity of Gold and Silver
Blackrock Silver Drills Multiple +1 kg/t AgEq
Intercepts and Establishes Grade Continuity
over 350 Metres in Final M&I Conversion
Assays at Tonopah West
Final Assay Results from the M&I Conversion Program
Confirm High-Grade Continuity of Gold and Silver
Mineralization over 350 Metres in the M&I Conversion Area
HIGHLIGHTS:
TXC25-139 cut 9.05 metres grading 367 grams per tonne (g/t)
silver equivalent (AgEq)
(182.8 g/t silver (Ag) & 2.04 g/t gold (Au)) from 187.5 metres, including 0.82 metres grading
2,886 g/t AgEq (1,411 g/t Ag & 16.13 g/t Au), Ag/Au ratio 90:1;
TXC25-150 drilled 2.84 metres grading 671.5 AgEq (367 g/t Ag & 3.41 g/t Au) from 162.3
metres, including 0.76 metres grading 1,554 g/t AgEq ( 819 g/t Ag & 8.14 g/t Au);
TXC25-146 intercepted 1.16 metres of 1,111 g/t AgEq (615 g/t Ag & 5.50 g/t Au) from 189.5
metres;
Results from the entirety of the M&I Conversion Program have validated the geologic
model, successfully establishing continuity of the high-grade shoots bearing robust
geometry over 350 metres. The shoots remain open to the Northwest and downdip;
Significant new zones of near-surface mineralization were encountered during the M&I
Conversion Program at higher-than-average grades updip from the existing resource
shell;
Modelling of the M&I Conversion Program drillholes is now underway with an updated
mineral resource estimate on Tonopah West on track for Q3, 2025; and
Assay results for 7 drillholes from the Company's Northwest step out resource
expansion area are currently pending.
(see February 24, 2025 news release)
Vancouver, British Columbia--(Newsfile Corp. - June 17, 2025) -
Blackrock Silver Corp. (TSXV: BRC)
(OTCQX: BKRRF) (FSE: AHZ0)
("
Blackrock
" or the "
Company
") announces the final set of high-
grade silver and gold drill intercepts from its recently completed M&I Conversion Program (as defined
herein) at its 100% owned Tonopah West project ("
Tonopah West
") located in Nye and Esmeralda
Counties, Nevada, United States.
The Company has completed its in-fill drilling program (the "
M&I Conversion Program
") at Tonopah
West which commenced in mid July 2024 and consisted of 62 drillholes totalling 12,580 metres (41,271
feet) within the shallow southern portion of the Bermuda-Merten vein group ("
DPB
") resource area (the
"
M&I Conversion Area
").
The objective of the M&I Conversion Program is to convert between 1.0 and
1.5-million tonnes of material from inferred mineral resources to measured and indicated mineral
resources. The M&I Conversion Area represents the initial years of anticipated production at Tonopah
West based on the mine plan laid out in the Company's Preliminary Economic Assessment on Tonopah
West (see September 4, 2024 news release).
Andrew Pollard, the Company's President and Chief Executive Officer, stated: "With all assays now
received from our M&I Conversion Program, we've validated our geologic model at Tonopah West and
confirmed continuous high-grade mineralization over a 350-metre zone. Results from this program
featured standout grades that reinforce the Tonopah West project's position as one of the top
undeveloped silver assets in the sector. In addition to strengthening confidence in known zones through
tighter drill spacing, the program also outlined new near-surface zones of ultra-high-grade gold and silver
mineralization, representing meaningful new tonnage potential. These results will be incorporated into an
updated mineral resource estimate on Tonopah West anticipated to be completed Q3 2025, aimed at
upgrading significant tonnage to the measured and indicated categories to help de-risk the early years
of anticipated production."
Table 1: Tonopah West Assay Intercepts using 150 g/t AgEq cut off
Drillhole ID
Hole
Type
Program
From
(m)
To (m)
Drill
Interval
(m)
Ag (g/t)
Au (g/t)
AgEq
(g/t)
(2)(3)
TXC25-139
RC/Core
(1)
M&I Conversion
187.54
196.60
9.05
182.8
2.038
366.6
Including
187.54
188.37
0.82
1,411.0
16.133
2,866.4
TXC25-141
RC/Core
(1)
M&I Conversion
273.59
275.17
1.59
106.6
0.787
177.6
TXC25-141
RC/Core
(1)
M&I Conversion
447.66
448.27
0.61
694.9
7.512
1,372.5
Including
447.97
448.27
0.31
1,226.0
13.733
2,464.9
TXC25-142
RC/Core
(1)
M&I Conversion
347.08
347.60
0.52
5.1
1.610
150.3
TXC25-142
RC/Core
(1)
M&I Conversion
361.01
361.80
0.79
597.6
4.540
1,007.1
Including
361.01
361.37
0.37
1,122.0
8.160
1,858.1
TXC25-146
RC/Core
(1)
M&I Conversion
189.50
190.65
1.16
615.0
5.497
1,110.9
Including
189.95
190.65
0.70
920.1
8.330
1,671.6
TXC25-147
RC/Core
(1)
M&I Conversion
148.19
151.85
3.66
176.7
1.228
287.5
Including
150.88
151.43
0.55
704.0
4.250
1,087.4
TXC25-147
RC/Core
(1)
M&I Conversion
182.58
183.34
0.76
277.5
5.586
781.5
Including
183.00
183.34
0.34
315.0
6.620
912.2
TXC25-148
RC/Core
(1)
M&I Conversion
124.66
125.43
0.76
111.0
1.270
225.6
TXC25-148
RC/Core
(1)
M&I Conversion
238.35
240.49
2.13
198.1
2.383
413.1
Including
238.35
238.96
0.61
512.0
5.590
1,016.3
TXC25-149
RC/Core
(1)
M&I Conversion
129.36
129.97
0.61
491.0
4.570
903.3
TXC25-149
RC/Core
(1)
M&I Conversion
238.35
239.57
1.22
93.7
1.919
266.8
TXC25-149
RC/Core
(1)
M&I Conversion
252.59
253.59
1.01
38.2
2.157
232.8
TXC25-150
RC/Core
(1)
M&I Conversion
162.37
165.20
2.84
363.6
3.413
671.5
Including
163.47
164.23
0.76
818.9
8.144
1,553.6
TXC25-151
RC/Core
(1)
M&I Conversion
274.47
275.42
0.95
208.7
3.149
492.8
(1)
RC/Core = RC pre-collar with core tail.
(2)
AgEq = Ag + Au*(Factor); where Factor = (Au Price/Ag Price)*(Au Recovery/Ag Recovery or Factor=($1900/$23)*(95%/87%)=90.21; True thickness is
90 to 100% of interval thickness based on the modelled vein geometries.
(3)
Cut-off grade is 150 g/t AgEq.
The geometry of the high-grade silver and gold is sizable with high-grade shoots plunging to the
northwest and showing continuity over 350 metres within the M&I Conversion Area. These shoots remain
open to the northwest and open down plunge.
Multiple high-grade intercepts have been returned
pursuant to the M&I Conversion Program. TXC25-139 returned over 9-metres grading 183 g/t silver and
2.04 g/t gold for 367 g/t AgEq. This intercept is immediately adjacent to mineralization found in TXC25-
138 (see May 8, 2025 news release) where a composite zone of 11.46 metres of 514 g/t AgEq (290 g/t
Ag & 2.48 g/t Au) was encountered. The thickness of this mineralized vein is approaching those seen in
the historic mining at the Victor and Ohio mines at Tonopah West where Victor was 24 metres thick and
Ohio was 15 metres thick.
The completion of the M&I Conversion Program now allows for modelling of the vein shoots and high-
grade gold and silver for an updated mineral resource estimate which is anticipated to be completed this
fall.
Management of the Company believes the updated mineral resource estimate will show excellent
continuity between the high-grade zones and an increase in confidence of the DPB portion of the mineral
resource.
This information will assist in the design and implementation of an exploration decline,
underground test mining and extraction of a bulk sample for metallurgical processing at Tonopah West.
Table 2 shows all of the intercepts above 150 g/t AgEq encountered pursuant to the M&I Conversion
Program.
Approximately 65% of the drilling returned values above 150 g/t AgEq with the remaining
drillholes returning mineralization, albeit below the cutoff.
No drillhole in the campaign was completely
barren of gold or silver.
Table 2:Significant Assays From The M&I Conversion Program Above 150 g/t AuEq Cutt Off
Drillhole ID
Hole
Type
Program
From
(m)
To (m)
Drill
Interval
(m)
Ag (g/t)
Au (g/t)
AgEq
(g/t)
(2)(3)
TXC24-076
RC/Core
(1)
M&I Conversion
195.62
195.93
0.31
99.2
1.440
229.1
TXC24-080
RC/Core
(1)
M&I Conversion
367.29
369.27
1.98
174.0
0.844
250.1
TXC24-081
RC/Core
(1)
M&I Conversion
181.51
183.49
1.98
131.9
1.503
267.5
TXC24-085
RC/Core
(1)
M&I Conversion
171.60
172.67
1.07
152.7
1.613
298.2
TXC24-085
RC/Core
(1)
M&I Conversion
249.48
252.07
2.59
32.1
2.740
279.3
TXC24-087
RC/Core
(1)
M&I Conversion
172.21
174.80
2.59
1,920.9
20.262
3,748.7
Including
173.74
174.80
1.07
4,328.3
46.506
8,523.6
TXC24-090
RC/Core
(1)
M&I Conversion
161.85
162.92
1.07
436.0
5.110
897.0
TXC24-091
RC/Core
(1)
M&I Conversion
242.32
244.08
1.77
111.0
1.060
206.6
TXC24-091
RC/Core
(1)
M&I Conversion
249.02
252.13
3.11
350.1
3.519
667.5
Including
250.55
252.13
1.59
469.5
4.931
914.3
TXC24-092
RC/Core
(1)
M&I Conversion
141.64
142.77
1.13
534.0
6.910
1,157.4
TXC24-092
RC/Core
(1)
M&I Conversion
145.70
149.05
3.35
470.6
5.356
953.8
Including
148.32
149.05
0.73
1,706.0
19.467
3,462.1
TXC24-092
RC/Core
(1)
M&I Conversion
186.02
187.30
1.28
303.0
3.660
633.2
TXC24-094
RC/Core
(1)
M&I Conversion
213.67
215.80
2.13
92.3
1.530
230.3
TXC24-095
RC/Core
(1)
M&I Conversion
192.94
194.62
1.68
572.7
5.379
1,057.9
TXC24-095
RC/Core
(1)
M&I Conversion
195.99
197.82
1.83
147.0
2.160
341.9
TXC24-095
RC/Core
(1)
M&I Conversion
238.96
240.03
1.07
343.7
3.213
633.5
Including
239.48
240.03
0.55
665.0
6.230
1,227.0
TXC24-095
RC/Core
(1)
M&I Conversion
242.47
247.50
5.03
461.5
3.478
775.3
Including
245.36
246.13
0.76
1,362.0
9.810
2,247.0
TXC24-098
RC/Core
(1)
M&I Conversion
326.75
327.97
1.22
265.6
4.097
635.2
Including
327.66
327.97
0.30
1,034.0
16.067
2,483.4
TXC24-100
Core
M&I Conversion
140.97
143.23
2.26
530.3
4.085
898.8
Including
141.67
142.59
0.92
943.0
7.156
1,588.5
TXC24-101
Core
M&I Conversion
137.56
138.84
1.28
687.2
6.656
1,287.6
TXC24-101
Core
M&I Conversion
169.26
169.56
0.31
181.0
2.970
448.9
TXC24-101
Core
M&I Conversion
255.42
256.49
1.07
66.4
1.310
184.6
TXC24-102
Core
M&I Conversion
152.95
153.92
0.98
628.0
4.670
1,049.3
Including
153.32
153.92
0.61
756.0
6.280
1,322.5
TXC24-103
Core
M&I Conversion
232.26
233.78
1.52
134.0
1.675
285.1
Including
232.26
232.56
0.31
660.0
8.230
1,402.4
TXC24-104
Core
M&I Conversion
295.20
295.60
0.40
125.0
1.610
270.2
TXC24-115
RC/Core
(1)
M&I Conversion
332.54
336.50
3.96
375.2
3.154
659.7
Including
332.54
333.91
1.37
624.8
5.066
1,081.8
TXC24-116
RC/Core
(1)
M&I Conversion
199.34
199.89
0.55
987.0
11.467
2,021.4
TXC24-116
RC/Core
(1)
M&I Conversion
218.12
218.69
0.58
135.0
1.440
264.9
TXC24-117
RC/Core
(1)
M&I Conversion
246.46
247.04
0.58
105.0
1.460
236.7
TXC24-117
RC/Core
(1)
M&I Conversion
261.21
263.23
2.01
1,141.0
7.139
1,785.0
Including
262.83
263.23
0.40
3,712.0
26.133
6,069.5
TXC24-118
RC/Core
(1)
M&I Conversion
205.98
206.35
0.37
1,610.0
15.333
2,993.2
TXC24-118
RC/Core
(1)
M&I Conversion
332.17
332.54
0.37
91.3
1.280
206.8
TXC24-119
RC/Core
(1)
M&I Conversion
370.42
375.12
4.69
379.0
3.722
714.8
Including
372.16
373.38
1.22
770.5
7.757
1,470.3
TXC24-121
RC/Core
(1)
M&I Conversion
262.13
266.00
3.87
179.3
1.365
302.4
TXC24-122
RC/Core
(1)
M&I Conversion
270.05
270.97
0.92
477.7
4.880
917.9
Including
270.66
270.97
0.31
875.0
8.880
1,676.1
TXC24-122
RC/Core
(1)
M&I Conversion
337.11
342.32
5.21
291.7
3.018
564.0
Including
341.59
342.32
0.73
1,834.0
18.081
3,465.1
TXC25-125
RC/Core
(1)
M&I Conversion
327.97
329.31
1.34
118.2
1.336
238.7
Including
328.27
328.58
0.31
432.0
4.900
874.0
TXC25-126
RC/Core
(1)
M&I Conversion
319.61
320.22
0.61
247.8
2.554
478.2
Including
319.92
320.22
0.31
421.0
4.380
816.1
TXC25-128
RC/Core
(1)
M&I Conversion
300.81
302.21
1.40
244.8
2.070
431.6
TXC25-128
RC/Core
(1)
M&I Conversion
348.14
348.75
0.61
300.5
3.030
573.8
TXC25-128
RC/Core
(1)
M&I Conversion
427.76
428.46
0.70
129.0
1.360
251.7
TXC25-129
RC/Core
(1)
M&I Conversion
307.24
308.15
0.91
155.5
1.322
274.8
TXC25-129
RC/Core
(1)
M&I Conversion
344.94
345.55
0.61
237.0
2.520
464.3
TXC25-131
RC/Core
(1)
M&I Conversion
319.19
319.80
0.61
292.7
2.480
516.5
Including
319.49
319.80
0.31
584.0
4.940
1,029.6
TXC25-132
RC/Core
(1)
M&I Conversion
437.60
438.52
0.92
125.8
1.804
288.6
TXC25-138
RC/Core
(1)
M&I Conversion
230.40
234.64
4.24
378.5
3.572
700.7
Including
232.72
233.02
0.31
1,805.0
15.267
3,182.2
TXC25-138
RC/Core
(1)
M&I Conversion
236.68
241.86
5.18
328.2
2.528
556.3
Including
238.35
238.66
0.31
1,987.0
15.000
3,340.2
TXC25-139
RC/Core
(1)
M&I Conversion
187.54
196.60
9.05
182.8
2.038
366.6
Including
187.54
188.37
0.82
1,411.0
16.133
2,866.4
TXC25-140
RC/Core
(1)
M&I Conversion
362.90
363.81
0.91
335.6
3.803
678.7
Including
362.90
363.20
0.30
371.0
4.310
759.8
TXC25-140
RC/Core
1
M&I Conversion
378.11
380.09
1.98
96.0
1.215
205.6
Including
379.05
380.09
1.04
136.5
1.787
297.7
TXC25-141
RC/Core
(1)
M&I Conversion
273.59
275.17
1.59
106.6
0.787
177.6
TXC25-141
RC/Core
(1)
M&I Conversion
447.66
448.27
0.61
694.9
7.512
1,372.5
Including
447.97
448.27
0.31
1,226.0
13.733
2,464.9
TXC25-142
RC/Core
(1)
M&I Conversion
347.08
347.60
0.52
5.1
1.610
150.3
TXC25-142
RC/Core
(1)
M&I Conversion
361.01
361.80
0.79
597.6
4.540
1,007.1
Including
361.01
361.37
0.37
1,122.0
8.160
1,858.1
TXC25-146
RC/Core
(1)
M&I Conversion
189.50
190.65
1.16
615.0
5.497
1,110.9
Including
189.95
190.65
0.70
920.1
8.330
1,671.6
TXC25-147
RC/Core
(1)
M&I Conversion
148.19
151.85
3.66
176.7
1.228
287.5
Including
150.88
151.43
0.55
704.0
4.250
1,087.4
Drillhole ID
Hole
Type
Program
From
(m)
To (m)
Drill
Interval
(m)
Ag (g/t)
Au (g/t)
AgEq
(g/t)
(2)(3)
TXC25-147
RC/Core
(1)
M&I Conversion
182.58
183.34
0.76
277.5
5.586
781.5
Including
183.00
183.34
0.34
315.0
6.620
912.2
TXC25-148
RC/Core
(1)
M&I Conversion
124.66
125.43
0.76
111.0
1.270
225.6
TXC25-148
RC/Core
(1)
M&I Conversion
238.35
240.49
2.13
198.1
2.383
413.1
Including
238.35
238.96
0.61
512.0
5.590
1,016.3
TXC25-149
RC/Core
(1)
M&I Conversion
129.36
129.97
0.61
491.0
4.570
903.3
TXC25-149
RC/Core
(1)
M&I Conversion
238.35
239.57
1.22
93.7
1.919
266.8
TXC25-149
RC/Core
(1)
M&I Conversion
252.59
253.59
1.01
38.2
2.157
232.8
TXC25-150
RC/Core
(1)
M&I Conversion
162.37
165.20
2.84
363.6
3.413
671.5
Including
163.47
164.23
0.76
818.9
8.144
1,553.6
TXC25-151
RC/Core
(1)
M&I Conversion
274.47
275.42
0.95
208.7
3.149
492.8
(1)
RC/Core = RC pre-collar with core tail.
(2)
AgEq = Ag + Au*(Factor); where Factor = (Au Price/Ag Price)*(Au Recovery/Ag Recovery or Factor=($1900/$23)*(95%/87%)=90.21; True thickness is
90 to 100% of interval thickness based on the modelled vein geometries.
(3)
Cut-off grade is 150 g/t AgEq.
Drillhole ID
Hole
Type
Program
From
(m)
To (m)
Drill
Interval
(m)
Ag (g/t)
Au (g/t)
AgEq
(g/t)
(2)(3)
Figure 1: Tonopah West project showing NI43-101 resource location and expansion potential
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/676/255788_d1bf53a51451fba6_001full.jpg
Figure 2 is a plan map showing the location of all the drillholes completed under the M&I Conversion
Program and highlighting those reported in this news release.
Figure 2: Drillhole location map of the M&I Conversion Program showing drillholes reported in this
news release.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/676/255788_d1bf53a51451fba6_002full.jpg
Table 3: Tonopah West Drillhole Location Coordinates (based on GPS readings in the field, Datum
UTM, NAD 1927, Zone 11)
Drillhole ID
Area
Program
Type
UTM_NAD27
E
UTM_NAD27
N
Elevation
(m)
Depth
(ft)
Depth
(m)
Azimuth
Dip
TXC25-137
DPB South
M&I Conversion
RC/Core
477930.7
4213330.8
1776.3
1028.0
313.3
180
-62
TXC25-139
DPB South
M&I Conversion
RC/Core
477980.6
4213246.5
1778.4
1061.0
323.4
180
-67
TXC25-141
DPB South
M&I Conversion
RC/Core
477826.6
4213599.2
1770.7
1647.0
502.0
180
-62
TXC25-142
DPB South
M&I Conversion
RC/Core
477905.7
4213694.6
1772.9
1717.0
523.3
180
-50
TXC25-146
DPB South
M&I Conversion
RC/Core
478081.5
4213327.2
1780.6
912.0
278.0
180
-60
TXC25-147
DPB South
M&I Conversion
RC/Core
478067.5
4213281.7
1781.7
953.5
290.6
180
-60
TXC25-148
DPB South
M&I Conversion
RC/Core
478073.8
4213237.8
1781.8
979.0
298.4
180
-60
TXC25-149
DPB South
M&I Conversion
RC/Core
478101.9
4213225.4
1783.3
902.0
274.9
180
-60
TXC25-150
DPB South
M&I Conversion
RC/Core
478107.8
4213270.4
1783.1
897.5
273.6
180
-60
TXC25-151
DPB South
M&I Conversion
RC/Core
478104.9
4213335.4
1781.1
943.0
287.4
180
-60
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 anticipated
objectives and results from the Company's drill programs at Tonopah West; the incorporation of the
results from the M&I Conversion Program in an updated mineral resource estimate on Tonopah West
and the anticipated timing of release thereof; 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/255788