Blackrock Drills 1,003 g/t Silver Equivalent over 3.1m in New Vein Discovered During Step-Out Drilling at Tonopah West

Vancouver, British Columbia--(Newsfile Corp. - March 18, 2021) - Blackrock Silver Corp. (TSXV: BRC) (the "Company") is pleased to announce the first high-grade gold and silver drill intercepts from its 2021 program on its 100% controlled Tonopah West project located in the Walker Lane trend within the "Silver State" of Nevada.

HIGHLIGHTS:

  • TW21-057, -058 and -062 have intersected a new vein immediately south of the known vein swarm at our DPB target with TW21-062 intersecting 3.1 metres grading 6.15 grams per tonne (g/t) gold (Au) and 388 g/t silver (Ag) or 1,003 g/t silver equivalent (AgEq) (Ag:Au 100:1). A minimum strike length of 425 metres has now been established;

  • Drilling to the west of the main Victor vein has intersected significant alteration with 23 metres and 12.2 metres of veins and silicified breccia cut in TW21-033C and TW21-092C respectively on the footwall (west side) of the Pittsburgh-Monarch fault with assays pending;

  • A total of 13,000 metres of drilling has been completed since January 4, 2021, and a total of 41,300 metres of drilling has been completed since June 17, 2020; and,

  • Three core drills and one RC drill are active on the project with two core drills infilling on the DPB target, where a maiden resource estimate is to be delivered by year end, one core drill exploring along the Victor vein system, and the RC drill continuing the step-out program.

Andrew Pollard, President & CEO commented, "Today's results highlight the exciting upside potential this project holds as a new high-grade vein has been discovered just beyond the limits of where our resource definition program at our DPB target is currently underway. With four drill rigs in operation, testing three target areas, our vision for the project continues to expand as it appears the potential for mineralization remains wide open. At Victor, our first drillholes testing for the western extension of the vein across the Pittsburgh-Monarch fault appear to have cut significant alteration, including 23 metres of silicified breccia and massive sulfide veining. Assays from this new zone are expected shortly. Between our ongoing resource definition program at DPB, our continued expansion focused drilling at Victor, and the potential for additional discoveries to be made as part of our step-out program, 2021 has the potential to be a very exciting year for investors."

Table 1: Summary of significant Au and Ag assay results using a 200 g/t AgEq cut-off grade

HOLE IDAreaTypeVeinFrom
(m)
To
(m)
Length
(m)
Au
g/t
Ag
g/t
AgEq
g/t
TW21-033CVictor W. Ext.CoreVictor

Assays Pending
TW21-053DPBRCPaymaster

NSV
TW21-054DPBRCMerton400.8403.93.14.780286.0764.0
TW21-055Step OutRC


NSV
TW21-056Step OutRC


NSV
TW21-057Step OutRCNew

NSV
TW21-058Step OutRCNew317.0318.51.51.29094.5223.5
TW21-059Step OutRCMerton

NSV
TW21-060Step OutRC


NSV
TW21-062Step OutRCNew397.8400.83.16.150388.01003.0
Including
399.3400.81.59.860568.01554.0
TW21-063Step OutRC


Assays Pending
TW21-064Step OutRC


Assays Pending
TW21-081CVictorCoreVictor

NSV
TW21-091CVictorCoreVictor

Assays Pending
TW21-092CVictor W. Ext.CoreVictor

Assays Pending
TW21-093CVictor E. Ext.CoreVictor

Assays Pending
AgEq_g/t = Ag_g/t + Au_g/t*100; AuEq_g/t = Au_g/t + Ag_g/t/100. True thickness unknown. NSV = No significant values

 

VICTOR EXPANSION

One core drill is drilling to expand the Victor vein target with drillholes moving eastward toward the Summa Silver intercept announced last fall, and westward across the Pittsburg-Monarch fault system.

On the west side of the vein, drilling is progressing to explore the western extension of the Victor vein across the Pittsburgh-Monarch fault. Two drillholes have been completed that have cut significant alteration and vein material. TW21-033C was drilled from an existing pre-collar site completed last year. The core hole cut over 23 metres of silicified breccia and massive sulfide vein material from 576 to 600 metres. A second core hole was completed, TW21-092C, angled to the south. TW21-092C intersected approximately 12 meters of similar alteration and veining. If successful, these drillholes will be the first to cut the western extension of the Victor vein system. Assays are pending at this time.

Core drilling along strike of the Victor vein adjacent to Blackrock's eastern border returned 1,079 g/t AgEq (5.19 g/t Au and 560 g/t Ag; Ag/Au =100/1) over a 0.9 metre interval in SUM20-17 (see Summa Silver (CSE: SSVR) news release December 17, 2020). Additional reported intercepts along the Victor zone included 582 g/t AgEq (2.41 g/t Au and 341 g/t Ag) over 0.7 metres and 6.8 metres grading 212 which included a high interval 0.8 metres of 727 g/t AgEq (3.56 g/t Au and 371 g/t Ag). Blackrock is moving along the Victor vein to the east toward the Summa intercepts. The vein is open to the east for approximately 480 metres. Core hole TW21-093C was recently completed and TW21-094C is in progress. A total of five additional drillholes are planned along the untested strike.

NEW VEIN DISCOVERY

Step-out drilling has discovered a new east-west oriented vein to the south of the know vein system at DPB. The new vein is yet to be named. Drillholes TW21-057, -058 and -062 all intercepted the mineralized vein. The table below shows the intercepts associated with the new vein. The three drillholes suggest a minimum strike length of 425 metres.

Table 2: Summary of Au and Ag assay results from New vein using a 100 g/t AgEq cut-off grade

HOLE IDAreaTypeVeinFrom
(m)
To
(m)
Length
(m)
Au
g/t
Ag
g/t
AgEq
g/t
TW21-057Step OutRCNew397.8400.83.00.65150.5115.5
TW21-058Step OutRCNew317.0318.51.51.29094.5223.5
TW21-062Step OutRCNew397.8400.83.16.150388.01003.0
Including
399.3400.81.59.860568.01554.0
AgEq_g/t = Ag_g/t + Au_g/t*100; AuEq_g/t = Au_g/t + Ag_g/t/100. True thickness unknown. NSV = No significant values

 

DPB IN-Fill PROGRAM

Two core drills are working on the DPB target. The in-fill program is designed to add additional pierce points to the Denver, Paymaster, Bermuda and Merton veins to provide for a maiden resource estimate by year end. The drillhole spacing is being reduced from 150 metre spacing to approximately 50 metre spacing within an area roughly 800 X 800 metres.

STEP-OUT PROGRAM

The RC drill continues to complete step out drilling to the east, west and south of the DPB resource area. Once this phase of the program is complete, the RC drill will move to exploration drilling in the northwest portion of the property located north of highway 95.

Drillhole
ID
TargetTypeNAD27
East
NAD27
North
Elevation
metres
AzimuthDipTotal
Depth
metres
TW20-001VictorRC478723421412117870-90623.3
TW20-002VictorRC47867142142271796150-85716.3
TW20-003VictorRC47864442143261794150-85748.3
TW20-004DPBRC47805342142601765180-87611.12
TW20-005DPBRC47790042142201760180-85605.03
TW20-006DPBRC478069421396517740-90571.5
TW20-007DPBRC47805842137081775180-85605.03
TW20-008New DiscoveryRC47790042132611774175-80519.68
TW20-009New DiscoveryRC477887421309617770-90312.42
TW20-010New DiscoveryRC47774842131961769110-70355.09
TW20-011VictorPre Collar47872942141311786305-881500
TW20-012VictorPre Collar478596421425217980-901500
TW20-013VictorPre Collar47866442142271796220-851500
TW20-014Step OutRC47730542141201747180-801500
TW20-015Step OutRC47728142139561748180-701360
TW20-016Step OutRC47754742136981749180-701285

 

All sampling is conducted under the supervision of the Company's project geologists, and a strict chain of custody from the project to the sample preparation facility is implemented and monitored. The core and reverse circulation samples are hauled from the project site to a secure and fenced facility in Tonopah, Nevada, where they are loaded on to American Assay Laboratory's (AAL) flat-bed truck and delivered to AAL's facility in Sparks, Nevada. A sample submittal sheet is delivered to AAL personnel who organize and process the sample intervals pursuant to the Company's instructions.

The core, reverse circulation, and QA/QC samples are crushed and pulverized, then the pulverized material is digested and analyzed for Au using fire assay fusion and an Induced Coupled Plasma (ICP) finish on a 30-gram assay split. Silver is determined using five-acid digestion and ICP analysis. Over limits for gold and silver are determined using a gravimetric finish. Data verification of the assay and analytical results are completed to ensure accurate and verifiable results. Blackrock personnel insert a blind prep blank, lab blank or a certified standard approximately every 15th to 20th sample.

Blackrock's exploration activities at the Tonopah West Project are being conducted and supervised by Mr. William Howald, Executive Chairman of Blackrock Silver Corp. Mr. William Howald, AIPG Certified Professional Geologist #11041, is a Qualified Person as defined under National Instrument 43-101. He has reviewed and approved the contents of this news release.

About Blackrock Silver Corp.

Blackrock is a junior silver-focused exploration company that is on a quest to make an economic discovery. Anchored by a seasoned Board, the Company is focused on its Nevada portfolio of properties consisting of low-sulphidation epithermal gold & silver projects located along the established Northern Nevada Rift in north-central Nevada and the Walker Lane trend in western Nevada.

For further information, please contact:

Andrew Pollard, President & CEO
Blackrock Silver Corp.
Phone: 604 817-6044
Email: andrew@blackrocksilver.com

Forward Looking Statements

This news release contains "forward-looking statements" within the meaning of Canadian securities legislation. Such forward-looking statements concern the Company's strategic plans, completion and exercise of the Tonopah option agreement, timing and expectations for the Company's exploration and drilling programs, estimates of mineralization from drilling, geological information projected from sampling results and the potential quantities and grades of the target zones. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: conditions in general economic and financial markets; accuracy of assay results; geological interpretations from drilling results, timing and amount of capital expenditures; performance of available laboratory and other related services; future operating costs; and the historical basis for current estimates of potential quantities and grades of target zones. The actual results could differ materially from those anticipated in these forward-looking statements as a result of the risk factors including: the ability of the Company to complete the Tonopah lease option, the timing and content of work programs; results of exploration activities and development of mineral properties; the interpretation and uncertainties of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project costs overruns or unanticipated costs and expenses; availability of funds; failure to delineate potential quantities and grades of the target zones based on historical data, and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such 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 speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/77706

info