Blackrock Gold (TSX-V:BRC, OTC:BKRRF) has started its maiden drill program at the Tonopah West Project in Nevada with a bang, intersecting 3 meters of ~2,200 g/t silver-equivalent and 29 meters of 965 g/t silver-equivalent in hole TW20-001, the first hole ever drilled by Blackrock at Tonopah West. Blackrock was driling down plunge at the Victor Vein and hole TW20-001 bottomed in workings, a newer set of workings that weren’t even on the map that Blackrock has been using. This is a good indication that mineralization extends further down plunge.
From today’s NR:
“TW20-001 targeted the down-plunge extension of the Victor Vein silver and gold zone. The drillhole intersected this zone which dips 45 degrees to the northwest starting at 574.5 metres down the drillhole. The drillhole was designed to intersect the zone 50 metres down-plunge; however,it intersected at 40 meters due to deviation. The drillhole terminated unexpectedly in historic workings. The workings indicate mining of the zone in the 1920’s may have continued if not for technical issues apparently caused by unreliable power to pump the water.
In addition, two previously unknown veins were intersected above the main Victor zone. The first returned 3 metres grading 465 g/t silver equivalent, and the second yielded 3 metres grading 2,198 g/t silver equivalent. All zones carried quartz vein material with black sulphides associated with the quartz veins.”
In addition, holes TW20-002 and TW20-003 were competed to test the down plunge extension of the Victor Vein and assays are pending on these two holes. Blackrock has also noted that holes 2 and 3 intersected vein material with black sulphides, which has been a strong indicator of precious metals mineralization.
In my most recent update on Blackrock I concluded the article by stating:
“The key here is that Blackrock is the first group to conduct modern exploration on the historic workings that have been frozen in time since the 1920s. Silver is on the verge of launching into a major bull market and Blackrock has the keys to one of the largest silver districts in the best mining state in the United States.”
It’s important to emphasize that Tonopah West is located in the best state for mining in the United States, Nevada, in a prolific silver mining district in the Walker Lane Trend of Western Nevada. Tonopah West checks all the boxes in terms of what one desires in a mining project in terms of infrastructure, access to skilled labor, and a safe jurisdiction. It is this tier-1 jurisdiction which makes today’s drill results that much more meaningful in terms of the big picture.
Blackrock CEO Andrew Pollard added “With six drillholes now completed in two distinct target areas, we are incredibly encouraged, as our modelling of the vein systems appears to line up as predicted. Given these encouraging initial results, we are mobilizing a core drill rig and expanding our initial drill program beyond the previously envisioned 7,000 metres.”
Drilling is ongoing at the Denver, Paymaster and Bermuda (DPB) target with three of eight drillholes completed and one in progress; and The New Discovery and Ohio Vein targets remain untested at this time.
CEO Andrew Pollard has transformed Blackrock Gold from humble beginnings at $.03 per share in May 2019 (when Pollard took the helm as CEO) to one of the hottest precious metals exploration plays in North America today. Pollard has no shortage of enthusiasm for Tonopah West and even mentioned that Blackrock will be expanding the current drill program, in addition to bringing in a diamond drill rig to further test hole TW20-001 in addition to other targets (for a total of 1,000-2,000 additional meters).
BRC.V (March 2019 – July 20, 2020)
With stellar drill results to kick-off the program at Tonopah West, assays pending for two holes which could extend the success of hole TW20-001, and the prospect of an expanded drill program and steady news flow for the rest of 2020 Blackrock Gold has the wind in its sails and the full attention of junior mining investors.
Disclosure: Author owns shares of Blackrock Gold at time of publishing and may choose to buy or sell at any time without notice.
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