Blackrock Intersects High Grade Gold & Silver Mineralization In First Hole At Tonopah West
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.
The article is for informational purposes only and is neither a solicitation for the purchase of securities nor an offer of securities. Readers of the article are expressly cautioned to seek the advice of a registered investment advisor and other professional advisors, as applicable, regarding the appropriateness of investing in any securities or any investment strategies, including those discussed above. Blackrock Gold Corp. is a high-risk venture stock and not suitable for most investors. Consult Blackrock Gold Corp’s SEDAR profile for important risk disclosures.EnergyandGold has been compensated for marketing & promotional services by Blackrock Gold Corp. so some of EnergyandGold.com’s coverage could be biased. EnergyandGold.com, EnergyandGold Publishing LTD, its writers and principals are not registered investment advisors and advice you to do your own due diligence with a licensed investment advisor prior to making any investment decisions.
This article contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). Certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects”, “believes”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed by such forward-looking statements or forward-looking information, standard transaction risks; impact of the transaction on the parties; and risks relating to financings; regulatory approvals; foreign country operations and volatile share prices. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Actual results may differ materially from those currently anticipated in such statements. The views expressed in this publication and on the EnergyandGold website do not necessarily reflect the views of Energy and Gold Publishing LTD, publisher of EnergyandGold.com. Accordingly, readers should not place undue reliance on forward-looking statements and forward looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws. Always thoroughly do your own due diligence and talk to a licensed investment adviser prior to making any investment decisions. Junior resource companies can easily lose 100% of their value so read company profiles on www.SEDAR.com for important risk disclosures. It’s your money and your responsibility.