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Blackrock Silver carries out gold and silver exploration for Tonopah West and Silver Cloud

iconDec 3, 2021 10:07

Blackrock Silver (TSXV: BRC; US-OTC: BKRRF) is exploring two 100% controlled land packages in Nevada. Tonopah West is located near the town of the same name in the southwest of the state., Silver Cloud is located near the city of Elko.

Tonopah Silver Zone is the second largest silver district in Nevada (after the Comstock mine). From 1900 to 1950, the average grade in the region was 1384 grams of silver per ton and 16 grams of gold per ton, resulting in 174 million ounces of silver production.

Blackrock's Tonopah West land package is the largest in the region, covering an area of 25.5 square kilometers. Several of these veins were mined, including the Victor vein, which was 24 meters thick when production was stopped in 1928. The Blackrock project area also contains at least 10 ore veins.

This year, the company has deployed four rigs and has drilled 84000 meters so far, with the goal of providing a preliminary resource assessment of the Denver-Parmaster-Bermuda (DPB) target in early 2022.

In October, during the drilling of the Bermuda vein, it was found that the grade of 2.1m was 1120 grams of silver per ton and 9.07g of gold (2027 grams of silver equivalent per tonne), including 2994 grams of silver per tonne and 20.85g of gold per tonne (5080 grams of silver equivalent).

The Merten vein found a grade of 492g of silver and 6.5g of gold (equivalent to 1242 g of silver) at 1.5m, including 0.7m of 445g of silver and 5.6g of gold (equivalent to 1006 g of silver). Several sections have also been found in the Mule and Paymaster veins, in which the Mule vein has 0.7m of 445g of silver and 4.61g of gold (1006 g silver equivalent).

The resource assessment for Tonapah West will be carried out in early 2022.

Blackrock proposes to build an entrance to the west of Mount Brougher and to open a 2.5km descent path to provide an underground exploration platform for additional drilling. Once the resource assessment is completed, the design of the descent channel will be improved and the entrance can be used later in the production process. The company will repair surface roads, rigs and catchments by the end of next year.

The company drilled another of its projects, the 45-square-kilometer Silver Cloud property in Elko County, earlier this year, but did not spend as much time studying the project as it did on the western Tonopa project. In Silver Cloud's Northwest Canyon target, one of the better drills produced a grade of 4.6m, 4.32g of silver per tonne and 0.334 grams of gold per tonne. The Quiver target has also been drilled, and the best intersection is 15.2m, with a grade of 0.795 grams of silver and 0.222 grams of gold.

Blackrock Silver has a market capitalization of $118.6 million.

Gold
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