Blackrock plans phase 1 drill program at Silver Cloud

Mar 2, 2023

2023-02-27 13:02 ET – News Release

 

Mr. Andrew Pollard reports

BLACKROCK SILVER PLANS FOLLOW-UP DRILL PROGRAM TO OFFSET BONANZA-GRADE INTERCEPT IN NORTHWEST CANYON ON THE SILVER CLOUD PROJECT

Blackrock Silver Corp. is finalizing drill plans and permitting drill sites for a phase 1 drill program at its bonanza-grade discovery drill hole in Northwest Canyon on the Silver Cloud project. Silver Cloud is located within the high-grade Northern Nevada Rift in north-central Nevada adjacent to the Hollister mine and on trend with the Midas mine.

The company has completed drill plans and is in the process of permitting a 4,000-metre drill program to follow up on its bonanza-grade discovery in Northwest Canyon. The drill program will test approximately 500 metres of strike along the vein as well as down-dip potential.

A successful outcome from the phase 1 drill program will launch the larger phase 2 program wherein an additional 10 sites will be permitted to test the potential along an additional 1,500 metres. The phase 1 and phase 2 drill programs will be completed using HQTT core.

Andrew Pollard, the company’s president and chief executive officer, commented: “Virgin high-grade discoveries are very rare in Nevada, which makes us very excited to bring drills back to follow up on our recent multiounce gold and silver discovery at Silver Cloud. The project encompasses one of the largest underexplored epithermal districts in Nevada, situated directly on trend of two of Nevada’s highest-grade gold mines, where we now have a very high-resolution target with multiple pierce points along a drill-defined structure tracked over 425 metres. Permitting is now under way for what has the potential to be a very consequential follow-up drill program that will take place during the second quarter, testing up to 500 metres of strike for Midas-style mineralization.”

Bonanza grades originally reported from drill hole SBC22-020 intersected 52.62 grams per tonne gold (1.53 ounces per ton) and 606 g/t silver (17.68 o/t) over 1.5 metres, representing a new high-grade vein discovery (see Dec. 7, 2022, news release). The bonanza grades are associated with a banded quartz vein containing black sulphides, and the 606 g/t silver is the highest-grade silver intercept at Silver Cloud to date.

Discovery drill hole SBC22-020 targeted the projection of the north-northwest structure encountered in the company’s 2019 drill hole (SBC19-002: 8.32 g/t gold over 1.52 m) and Placer Dome’s 2002 drill hole (SCP-15: 5.61 g/t gold over 12.2 m) and was drilled to 464 metres (1,523 feet). SBC22-020’s collar is a 366-metre stepout from SBC19-002 (collar to collar) to the south-southeast along the interpreted structure. The assay intercepts are separated by 425 metres.

A metallic-screen gold assay completed on the high-grade intercept (1.5 metres) in SBC22-020 at Northwest Canyon returned 70 g/t gold (calculated), 33 per cent higher than the original assay of 52.62 g/t gold. The 150-plus fraction returned 60.257 parts per million Au, while the average of the two minus 150 fractions returned 71.420 ppm Au. The variability of gold in the intercept indicates the gold is not evenly distributed within the vein (see Jan. 17, 2023, news release).

Blackrock’s exploration activities at the Silver Cloud, Tonopah North and Tonopah West projects are conducted and supervised by William Howald, executive chairman of Blackrock. Mr. Howald, AIPG certified professional geologist No. 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.

Backed by gold and silver ounces in the ground, Blackrock is a junior precious metal-focused exploration company driven to add shareholder value via the drill bit. With 2.97 million tonnes grading 446 g/t silver equivalent at its Tonopah West project, and a new bonanza-grade gold discovery at Silver Cloud, the company has a proven record of exploration success. In addition to its gold and silver project portfolio, the company is credited with a lithium discovery, the Tonopah North project, which is under option to a major lithium exploration group. Anchored by a seasoned board, the company is focused on its 100-per-cent-controlled Nevada portfolio of properties consisting of low-sulphidation, epithermal gold and silver mineralization located along the established Northern Nevada Rift in north-central Nevada and the Walker Lane trend in western Nevada.

We seek Safe Harbor.

https://blackrocksilver.com/

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