Blackrock Silver triples its ground position at Tonopah West
Vancouver, British Columbia – (Newsfile Corp. – July 19, 2021) – Blackrock Silver Corp. (TSXV: BRC) (the “Company“) announces that it has increased its land position north and west of existing patented lands. The Company has staked 260 additional unpatented lode claims covering approximately 21 square kilometers, more than tripling our land position in this prolific mining camp.
The claims cover the northwest extension of the Pittsburg-Monarch fault system, an area known to have the thickest veins in the Tonopah district, and are directly associated with this structural area. The historic underground workings along the Victor vein measured up to 24 meters where the vein intersected the fault. Blackrock confirmed this with RCV drill hole TW20-001 cutting 965 g / t silver equivalent over 29 meters, which was then followed by core drill hole TW20-061C, which intersected 18.5 meters grading 295 g / t AgEq, including 1.52 meters of 1791 g / t AgEq (Ag / Au = 100: 1) (see press releases of July 20, 2020 and January 14, 2021).
A similar scenario to the Ohio Vein occurred where the yards were up to 14 meters thick where the Ohio Vein intersected the Pittsburg-Monarch fault system.
In addition to securing the extension of one of the main structures in the district, the claims cover a pediment area on the north side of the district where an east-west structural area has been identified and mapped with geology similar to the Tonopah West project.
Andrew Pollard, President and CEO, said, “With one year and nearly 80,000 meters of drilling to our credit, our understanding of this legendary mining camp continues to refine, dramatically increasing the potential of this project and of our shareholders. Now established grade veins representing a cumulative direction of more than six kilometers, and as we move towards delivery of our first resource estimate, expected in November, we continue to seek opportunities for additional discoveries. a key structural area in this historically rich neighborhood, this represents a blow to us and we are delighted to get to work to refine the drill targets. “
Initial work will consist of detailed soil mapping, gravity and magnetic geophysical surveys to refine drill targets.
Blackrock’s exploration activities on the Tonopah West project are led and overseen by Mr. William Howald, Executive Chairman of Blackrock Silver Corp. Mr. William Howald, AIPG Certified Professional Geologist # 11041, is a Qualified Person within the meaning of National Standard 43-101. . It has reviewed and approved the contents of this press release.
In addition, the Company announces that it has granted, under its restricted stock unit plan, a total of 335,000 restricted stock units (“RSUs”) to its directors and officers. Each RSU gives the beneficiary the right to receive one common share of the Company, or a cash payment equal to the equivalent of one common share of the Company upon acquisition of a third at each of the first, second and third birthdays from the date to grant.
PSU grants are subject to all necessary regulatory and shareholder approvals.
About Blackrock Silver Corp.
Blackrock is a junior gold exploration company looking to make an economic discovery. Anchored by a seasoned board of directors, the company is focused on its portfolio of Nevada properties of epithermal low sulphidation gold and silver projects located along the Northern Nevada Rift in north-central Nevada. and the trendy Walker Lane in western Nevada.
For more information, please contact:
Andrew Pollard, President and CEO
Blackrock Silver Corp.
Telephone: 604 817-6044
This press release contains “forward-looking statements” within the meaning of Canadian securities laws. These forward-looking statements relate to the Company’s strategic plans, the completion and exercise of the Tonopah option agreement, the timing and expectations of the Company’s exploration and drilling programs, mineralization estimates from drilling, the geological information projected from the sampling results and the potential quantities and grades of the target zones. These forward-looking statements or information are based on a number of assumptions, which may prove to be inaccurate. Assumptions were made regarding, inter alia: general economic and financial market conditions; accuracy of test results; geological interpretations of drilling results, timing and amount of capital expenditures; available laboratory performance and other related services; future operating costs; and the historical basis for current estimates of potential quantities and grades in target areas. Actual results could differ materially from those anticipated in these forward-looking statements due to risk factors, including the Company’s ability to complete the Tonopah lease option, the timing and content of the work programs; the results of exploration and development activities on mineral properties; interpretation and uncertainties of drilling results and other geological data; receiving, maintaining and securing mining permits and titles; environmental and other regulatory risks; project cost overruns or unforeseen costs and expenses; availability of funds; failure to delineate potential quantities and grades of target areas based on historical data and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the management of the Company as of the date the statements are made. The assumptions used in the preparation of these 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 are not valid only on the date on which the declarations were made. The Company assumes no obligation to update or revise any forward-looking statements included in this press release if such beliefs, estimates and opinions or other circumstances change, except as applicable law requires otherwise.
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.