Huge news out of Western Nevada’s Walker Lane trend today. Blackrock Gold Corp. (TSXV:BRC) (OTC:BKRRF) announced the latest drill results from the company’s 100 percent controlled Tonopah West project system and the results vastly exceed expectations in an already high-potential district-scale property. Furthermore, the company has discovered that Tonopah’s DPB Target vein extends farther than previously believed.
The highest-grade intercept to come out of the project so far came from Drillhole TW20-017. Blackrock intercepted 1.5 meters of 4,643 g/t silver equivalent within 3.1 meters of 2,466 g/t silver equivalent from TW20-017, as well as a second significant intercept, drilling 1.5 meters of 506 g/t silver equivalent. Drillhole TW20-016 connected with a 500 meter step out along the DPB Target. TW20-016 intercepted 1.5 meters of 553 g/t silver equivalent, 1.5 meters of 489 g/t silver equivalent, and 1.5 meters of 322 g/t silver equivalent using a 300 g/t silver equivalent cut-off grade.
Blackrock also announced that the company has expanded its drill program at the DPB Target vein system to 30,000 meters, as well as the mobilization of a third drill rig to test the Ohio Target, a third historic mine on the Tonopah property.
“Management had high expectations going into our maiden round of drilling, though as initial assay results continue to roll in, it’s clear we may have underestimated the project’s potential,” Blackrock Gold Corp President & CEO Andrew Pollard said in the company’s release. “These results from the DPB Target not only continued to highlight the bonanza grades for which this historic district was renowned, but have now extended the mineralized vein corridor a further 500m along strike from where historic production shut down roughly 90 years ago.”
As Blackrock Gold celebrates even better than expected results, silver prices sit at an excellent $23.76 per ounce. That’s down from their peak of $29.37 per ounce in early August, but markets tanked on October 6 after President Donald Trump announced that he is halting negotiations on a national stimulus package until after the November election, an economic disruption that could propel precious metals markets skyward in the coming weeks. This could be highly advantageous timing for Blackrock as the company continues to announce high-grade results.
Blackrock Gold is focused on exploration at its Tonopah West and Silver Cloud projects in Nevada. Blackrock is the first company to target the historic workings at Tonopah since the district was shut down due to poor market conditions at the onset of the Great Depression.
“We are excited to not only confirm that high-grade mineralization remains where production left off, but more consequentially, that the system extends substantially beyond and remains open,” Pollard said.
To learn more about Blackrock Gold Corp (TSXV:BRC) (OTC:BKRRF), click here.
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