- Blackrock (BRC) reports drill results from its Silver Cloud Project in Northern Nevada
- A Boart Longyear track reverse circulation drill rig was utilized
- This drill program was designed to test multiple target areas through the 45 square kilometre project, including Northwest Canyon
- Blackrock is a junior silver-focused exploration company that is on a quest to make an economic discovery
- Blackrock Silver Corp. (BRC) is down 8.97 per cent and is trading at C$0.71 at 3:17 pm ET
Blackrock Silver Corp. (BRC) announces gold and silver drill intercepts on its 100 per cent controlled Silver Cloud Project.
The project is located along the Northern Nevada Rift in North Central Nevada.
Twelve reverse circulation drill holes were completed in Blackrock Silver's Silver Cloud project between November 10 and December 19, 2020.
A total of 3,774 metres was drilled within three main targets on Blackrock's claim block in the historical Silver Cloud Mercury District.
A Boart Longyear track reverse circulation drill rig was utilized.
This drill program was designed to test multiple target areas through the 45 square kilometre project, including Northwest Canyon, Northeast Veins area that lays directly adjacent to Hecla's Hollister Mine (Ag, Au), and the Quiver area in the northwest portion of the project area.
Andrew Pollard, President & CEO, commented,
"The purpose of this program was to test primarily new prospective areas throughout this expansive, target-rich property, to provide us with the crucial data to refine a focused campaign on prioritized areas."
"The recent discovery announced by Hecla on their Green Racer Sinter target, two miles east of Midas, highlights the prospectivity and multi-ounce grade potential of which the Northern Nevada Rift is renowned," added Pollard.
Drillhole SBR20-007 was completed in the NW Canyon target. The drill hole was oriented to explore the western extension of a mineralized east-west vein system previously intersected in drill holes SBR19-002 and SBR19-003.
SBR20-007 intersected a significant amount of gold mineralization, suggesting the east-west zone continues, but the higher grade may be offset along a fault.
SBR20-007 did not intersect the rhyolite porphyry, which also suggests it is offset along the fault. Past drilling shows higher grade gold is along the margin of the porphyry.
Eight drill holes were completed in the NE Veins target; however, none of the drill holes cut the volcanic-sediment unconformity, which is host to the Hollister mineralization located 3 kilometres to the east.
As a result, the initial target has not been tested, and follow-up work must understand the full potential of the target area.
Three drill holes were completed in the Quiver target. Drillhole SBR20-017 intersected a significant thickness of gold mineralization immediately adjacent to a major NNW fault system defined in the gravity data and maybe the eastern margin of the Silver Cloud graben.
Blackrock Silver hosts a live town hall webinar on Tuesday, March 30 at noon eastern, including a presentation and investor Q&A with management.
Blackrock is a junior silver-focused exploration company that is on a quest to make an economic discovery.
Blackrock Silver Corp. (BRC) is down 8.97 per cent and is trading at C$0.71 at 3:17 pm ET.