blackrock silver drilling 40,000 meters in tonopah west nevada

A Pure Silver Play In Nevada

Right now at this time most eye balls are looking at Newfoundland and watching as how activity unfolds out that way. You got the big TSX-V:NFG Newfound Gold story going on plus a bunch of others that are right in the same area all drilling away and dishing out the news that investors like to hear. However there is another area that is totally under the radar to a lot investors at this time and that is Nevada. Right now there is a LOT of activity on the go in the big silver state and some juniors are starting to get noticed.

One of these juniors is a company called Blackrock Silver TSX-V:BRC. The company just did a name change from from Blackrock Gold in mid March of 2021 to better reflect the silver dominant nature of it's flagship Tonopah West silver-gold project located in the Walker Lane trend. This trend, located in the Tonopah West district is one of the largest historic silver districts in North America, producing 174m ozs Ag, 1.8m ozs Au. Blackrock also has an area known as

Tonopah West
The Tonopah West package consists of 100 patented & 19 unpatented mining claims covering 4.5sq km which is about 1,135 acres and is the largest claim package in Tonopah silver district while the Silver Cloud land package consists of 572 mining claims covering 45sq km or about 12,000 acres. Both of these land packages are owned 100% by the company. The Tonopah west claims have a lot of underground workings which are located on 4 main levels of 800, 1200, 1540 & 1880. There is a total of 55 KM of underground workings.

In 2020 the company did a total of 30,000 meters of RC & Core drilling and this year the drill program has been expanded upward to 40,000 meters. The 2021 program is already underway with 4 drills at site with expectations drilling the 40,000 meters or even more with both core and RC drilling. The aim is to deliver a maiden resource estimate by the fourth quarter of this year. Assays from 2020 drilling highlight +40 significant intercepts ranging from 1 meter to 29 metres in thickness with grades from 200 g/t to 4,643 g/t AgEq (up to 26 g/t gold, 2,029 g/t silver).

Silver Cloud
The Silver Cloud project is named after the past producing Silver Cloud gold mine where past high-grade intercepts were encountered by Teck and Placer Dome. This land package consists of 572 mining claims covering 45sq km and is centered on the Northern Nevada Rift adjacent to Heclas Hollister mine. The property has an old mercury mine and with 8 new veins discovered at surface on this property, the company has now a few priority targets for exploration.

There is 165 million shares fully diluted and with a new 10 million dollar financing in May with First Majestic TSX-FR the company is well financed for a good round of drilling. Share price has a 15 cent low and $1.60 high over the past 52 weeks.

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Added note: The author of this article holds postions in the above company at the time of this writing. The author may buy or sell any time going forward.

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