Subscribe
Be the first with the news that moves the market- Blackrock Gold (BRC) has added a second drill rig to its wholly owned Tonapah West property in Nevada, USA, as part of an expanded drill program
- The company had originally planned to drill a total of 7,000 metres, but this has now been extended to 20,000 metres
- 9,000 metres of drilling has been completed to date, with 17 reverse circulation and two core drill holes across three targets
- The second drill rig arrived on site on August 20 and will drill core tails from a series of reverse circulation pre-collars
- Blackrock Gold (BRC) is currently down 1.03 per cent to $1.44 per share at 11:46am EDT
Blackrock Gold (BRC) has added a second drill rig to its Tonapah West property in Nevada, as part of an expanded drill program.
The rig arrived on site on August 20 and will drill core tails from a series of reverse circulation pre-collars. An initial core tail has already been completed, and steps-out from the previously drilled TW20-001 hole at the Victor Vein.
Results from this hole include 29 metres at 965 grams per tonne, three metres at 2,198 grams per tonne, and three metres at 465 grams per tonne of silver equivalent.
Blackrock has so far drilled almost 9,000 metres in total, with 17 reverse circulation and two core drill holes across three target areas.
The program had originally been planned for a maximum of 7,000 metres, but this has now been extended to 20,000 metres following the significant results from the TW20-001 drill hole and the recent completion of a C$7.5 million private placement.
Andrew Pollard, President and CEO of Blackrock Gold, said the expanded program will significantly progress the company’s understanding of the property.
“The addition of a second drill rig and expansion of the program to 20,000 metres allows us to accelerate the discovery process and materially advance our understanding of the multiple targets that comprise Tonopah West in this maiden round of drilling.
“Utilising the core drill rig allows us to test the down plunge extent of the Victor gold and silver vein zone beyond where holes TW20-001-002, and TW20-001-003 left off, while the reverse circulation rig can simultaneously continue on discovery focused drilling and rapidly follow-up on exploration-success by delineating vein zones every 100 metres at other targets,” he added.
Blackrock Gold (BRC) is currently down 1.03 per cent to $1.44 per share at 11:46am EDT.
