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Be the first with the news that moves the market- Blackrock Gold Corp (CVE:BRC) have released the results of their 2019 drilling program
- The company has conducted an extensive program at their Silver Cloud mine in Elko County, Nevada
- Blackrock have reported intersections of 3.93 grams per tonne and 8.32 grams per tonne from two different drill holes
- Drilling has identified mineralised zones of up to 6.1 metres in thickness at depth
- Blackrock Gold Corp (BRC) was down 25 per cent, with shares trading at C$0.105 with a market cap of $7 million
Blackrock Gold Corp (CVE:BRC) has announced the results of its 2019 drilling program at the Silver Cloud mine in Nevada.
The mine, situated on the Northern Nevada Rift, has returned respectable grams per tonne results.
The program resulted in some 1.8 kilometre of drilling in total.
The three new drill holes at Silver Cloud have indicated a mineralised zone up to 6.1 metres in thickness at a depth that indicated there could be even more below in the thicker rock.
Two more drill holes were sunk at the Northwest canyon structure.
The drill program focused on the evaluation of a potential east-west vein system between the Silver Cloud mercury mine and extended west to the Northwest Canyon structure.
At the Northwest canyon, the volcanic rock is much thicker, and the company believes this rock has the potential to hold much thicker and higher-grade gold deposits.
All 5 drill holes returned gold assays above the 0.2 grams per tonne cut-off grade for significant drill widths.
The President and CEO of Blackrock Gold Andrew Pollard said the thick mineralised zone discovered was very encouraging.
“With one small drill program under our belt, we have established our understanding of the east-west orientation of the vein system.
“We are excited to see the drills turning once again as we have refined our aim in search of the boiling zone where the potential for bonanza grade gold, for which the Northern Nevada Rift is well documented, may exist.
“We believe the structure has the potential to host high-grade hold and silver within a boiling zone deeper in the system, as indicated by the exploration model, with the objective to intercept mineralised intervals ranging from 2 to 6 in thickness,” he said.
The company has already commenced a follow up drill program, designed to test the Northwest Canyon east-west structure.
The company hopes to determine whether it’s hunch about the Northwest canyon was right with this ongoing drilling work.
Blackrock Gold Corp (BRC) are down 25 per cent with shares trading at C$0.105 at 2:09 PM EST.
