Blackrock Gold (TSX-V: BRC) - Get a Bigger Piece of Pie, Great Show in the Sky, by @CruxInvestor

Interview with Andrew Pollard, CEO of Blackrock Gold Corp. (TSX-V: BRC).

Blackrock Gold Corp. (BRC.V) is a Vancouver-based mineral exploration company focussed on exploring gold deposits in the Northern Nevada Rift. Blackrock Gold claims their Silver Cloud property hosts a low sulphidation epithermal vein system.

It was good year for gold and a good end to the year for Blackrock Gold. Starting the year at a low of CAD$0.05, Blackrock Gold rose to a peak of CAD$0.34 in September, However, today it sits at CA$0.16. Pollard says the company is just stopping for gas. The market cap is c.CA$10M.

Pollard might have stepped into his role at Blackrock Gold out of desperation in May 2019, but it has clearly had an enormous impact on the company: this was the day Blackrock Gold began its rise. The company had just blown several million dollars on soil samples and was unfinanceable. Pollard took charge and appears to have changed the company's course. He has built a solid team.

The asset itself has been around for decades. Why is Blackrock Gold going to succeed where others have failed? The Silver Cloud project hadn't been drilled since 2005 until Blackrock Gold's December drill program. Pollard claims modern geophysical advances will make a difference. Companies can now see, interpret and take action on a greater number of parameters, with a more comprehensive understanding of them. Pollard is a former recruitment consultant and claims he has found some of the best and most experienced mining minds in the business to form a technical management team. Let's see how they get on.

In terms of a business plan (initially difficult to get him to articulate it), he states that "this isn't a proximity play. It stands on its own technical merits." According to Pollard, the real key here is the location of their asset. In terms of historical mineralogy, he claims it stands head and shoulders above other juniors. In terms of mining infrastructure, it is without rival. His message is clear: the asset is right in the middle of the ultimate mining property. He claims it makes the assets of other juniors look extremely unimpressive by comparison. While exploring a target-rich property and "drill, drill, drill, gold, gold, gold" is one way of summarising the plan, institutional and retail investors alike will want to hear much more. Pollard states the drill rig is confirmed for February. We eventually found out that Pollard hopes to hit something good, but has no intention of building a mine. He wants to get bought out on the merits of an exciting asset. Blackrock Gold's status as a small junior in the midst of giants seems to force Pollard's hand in this regard, or does it?

A pending private placement for CA$1.5M will go straight into the ground, with Pollard trying to push it over the line, and get some more institutional investors onboard, in addition to some retail gold bugs. Enhancing liquidity will be key, with trading volume coming from only a small number of investors at present.

Based on our reading of Pollard's words, Blackrock Gold Corp. has spent all of its money raised from its previous financing and appears to have none left. They need to raise capital imminently to move forward.

In terms of remuneration, Pollard claims to receive CAD$10,000 per month in consultancy fees. He claims in the long run, this role has cost him money as he has stopped focusing on his private recruitment business to focus solely on Blackrock Gold. The remainder of the board is unpaid, unless they are operational staff; such members of the team are paid a modest wage Pollard says.

The last question is when? Pollard says there should be significant progress in the next 6 months. We wait to see how the story pans out.

Interview highlights: