Subscribe
Be the first with the news that moves the market- Blackrock Gold (BRC) has launched a drilling campaign at its Silver Cloud epithermal gold and silver project in Nevada, USA
- Fully-financed, the program will consist of 14 reverse circulation drill holes over a total of 3,500 metres, targeting four distinct areas
- These include the NE Veins, Northwest Canyon and Quivers targets, as well as a geophysical target at the centre of the project
- The program has been designed primarily to test whether the vein system at Hecla’s nearby Hollister mine extends west into the Silver Cloud Project
- Blackrock Gold (BRC) is currently steady at C$0.83 per share
Blackrock Gold (BRC) has launched a drilling campaign at its Silver Cloud epithermal gold and silver project in Nevada, USA.
Located along the well-established Northern Nevada Rift gold trend, the project consist of 572 unpatented mining claims and covers 45 square kilometres.
The fully-financed program is expected to comprise 14 reverse circulation drill holes over a total of 3,500 metres, targeting four distinct areas. These areas include the NE Veins, Northwest Canyon and Quivers targets, as well as a geophysical target at the centre of the Silver Cloud Project.
Blackrock says the majority of the drilling work will be undertaken at the NE Veins target, which was identified during the 2019 field season and sits on a large geochemical and geophysical anomaly.
The NE Veins target also shares many of the same characteristics as Hecla Mining’s Hollister mine three kilometres to the east. As such, Blackrock’s intention behind the drill program is to assess whether the vein system at the Hollister mine extends west into Silver Cloud.
Drilling work is expected to reach completion by mid-December, although this remains dependent upon favourable weather conditions.
Andrew Pollard, President and CEO of Blackrock Gold, said he has been looking forward to this campaign since the company first identified the outcropping veins and geophysical anomaly at the NE Veins target area.
“Untested targets like this, directly adjacent to a prolific, high-grade system in what is the richest gold mining area in North America, are incredibly rare to just stumble upon.
“Management has always had unwavering belief in the prospectivity of Silver Cloud, in fact, it’s the reason why I joined the company in the first place, and armed with a plethora of new data, we’re excited to bring the most expansive drill program that the project has seen since 2002,” he added.
Blackrock Gold (BRC) is currently steady at C$0.83 per share, as of 11:17am EST.
