May 13, 2022
Blackrock Silver Corp. (TSXV:BRC, BUY, C$1.70 target, Taylor Combaluzier) announced that it has commenced a fully funded 10,000m drill program on its 100%-controlled Tonopah West project located in Nevada. Of the total drilling planned, 2,500m is allocated for step-out and resource expansion drilling and a further 7,500m is expected to be focused on drilling high-grade structures internal to the resource area. The objective of this drill program is to define the Denver vein through expansion drilling, which remains open to the NW and ~1km to the SE toward the DPB resource area. Drilling at Denver could potentially double the strike length of the vein. Additionally, three holes are planned to potentially connect strike extensions of Denver and to help understand the high-grade mineral trends within the vein. Four holes are expected to test the Denver vein’s intersection with the Merten vein, where there is a thick zone of Au and Ag mineralization. One hole is planned to test the eastern extension of the Bermuda vein. Lastly, four infill drill holes at Victor are expected to follow up on narrow footwall and hanging wall veins with the goal of determining if thicker, mineralized shoots are present with higher grades that could potentially be included in the mineral resource. We believe Tonopah West still has considerable room to grow from the ~42.6M oz AgEq delineated in its maiden resource (read more) with our base and upside mineral inventory cases of ~79.7M oz and ~106.3M oz AgEq, respectively. Read more
