Blackrock Silver – Exploration Update And Growing Resources At Tonapah West And New Discoveries At Tonapah North
Andrew Pollard, CEO of Blackrock Silver (TSX.V: BRC – OTCQX: BKRRF), joins us for an exploration and resource expansion update at both the Tonopah West and Tonapah North silver projects, located in Nevada. We start off discussing how the recent capital raise that was announced on Aug 4th and then upsized on Aug 6th will allow the company to double the amount of drilling planned for resource expansion at Tonapah West, especially after the successful recent 1km step-out hole hit towards the end of the most recent exploration program. Now the Company will be testing to fill in the area in between along that trend to continue expanding the resources.
We also had Andrew remind listeners of the very conservative constraints used for the maiden “stope-optimized” Resource Estimate released on May 2nd, that came in at 2.9 Million Tonnes Grading 446 g/t AgEq for 42.6 Million Ounces AgEq. This is important because in this sector we see many companies put resources with far more guessing and assumptions, and far less certainty or controls in place — the point being; the Company could have put out a larger resource, if it hadn’t opted for more conservative and concise parameters.
We also touched on the early-stage drilling at the recently acquired Tonopah North project on BLM lands, which has yielded some encouraging Lithium results, announced to the market on July 11th, as well as some high-grade silver intercepts released in news on July 14th. We discussed how their exploration team is still very encouraged but the silver results, but also that the Lithium results, on trend with other Clayton Valley lithium projects in the area, could give the company some optionality in JVing or partnering with other projects if they continue to see encouraging results.
If you have any follow up questions for Andrew on Blackrock Silver, then please email us at Fleck@kereport.com or Shad@kereport.com
Click here to visit the Blackrock Silver website and read over the recent news releases.
Nice look, guys! Andrew always presents a comprehensive, free flowing composite of the task at hand.
Looks washed out to me. Let’s see how it does at .58 as it fills that gap just above…
What a great day in the market… TO SELL!!!!
The CPI comes in high again and the market manipulators push stocks up yet again. I’m guessing this is going to be their last chance to juice things up and pull in as many retail sucker investors as possible. But then who knows, maybe they’ll do it again when the next rate hike comes.
The PM rally early in the day was sold off and it’s pretty clear that PMs are back on the sell list.
Get out while you can, by the time the next rate comes around PMs will be down handily, and the miners will be much, much lower than where they are now.
CASH. It’s what you will need to pay the bills.
You’ve been warned.
You’ve been warned.
Joe wrote: “The PM rally early in the day was sold off and it’s pretty clear that PMs are back on the sell list.”
The facts actually are that GDX, GDXJ, SIL, and SILJ all closed in the green up about 1% – 1.5% on the day.
Most of the majors were up in the green today 1-3%, as were most of the mid-tiers producers and smaller producers up 2-4% on the day.
People are entitled to their own opinions, but not their own facts.
Joe also wrote: “CASH. It’s what you will need to pay the bills.”
If people are investing funds, then obviously it is not the money ear-marked that they need to pay the bills, so that is an absurd statement. If people need cash to pay bills, then they wouldn’t be investing it in the first place.
You marked a major low with your last sell recommendation so any pullback now will be a short term buying opportunity.
Ole Joe was quiet as a church mouse for the last 2 weeks when gold was rallying (of course), but 3 weeks back when he was advising everyone to sell the lows in the sector, he marked the bottom quite nicely as a contrarian indicator.
Even if we see the PMs take a breather and correct for a few days, many stocks have already been rallying for several weeks since the 11th or 12th of July, and are still at really depressed valuations overall. If we see a pullback, I’ll be using it to accumulate.
Let’s talk cars, The car companies have sold the public on a car being freedom. The US cities got rid of most of their public transit systems in the 1950’s because a car gave you so much more freedom. If you own a car for most people you drive it to your job and it sits there until you leave work and you drive it and park it at home until the next day when you go to work.
To buy a reasonably decent car in Canada that will cost you $39,000 and then the government adds 13% tax which takes it up to $44,000. Canada doesn’t have the World Reserve Currency that saves Americans thousands of dollars every year, that is soon going to change. You drive this vehicle off the lot and then you lose1/3 of this value, that equates to $13,000. Then the car companies insist that in order for you to maintain the warranty you must bring it in for servicing every three months and sometimes they charge hundreds of dollars to lift the hood. Then there are insurance costs, ticket fees, unexplained car break downs, that aren’t covered by the warranty. If you get in an accident the insurance companies pay out above the deductible but they get their money back by raising their fees. If you buy a used vehicle all your money that you saved by not buying new goes into car repairs. How many people can fix their own cars these days, lifting the hood brings a multitude of questions that can be researched but then if you have a warranty they want original parts and if you don’t use manufacturers parts you can buy knock offs that won’t last as long and will knock your budget off. Then there is planned obsolescence that is manufactured into every car these days so you must replace certain components that are planned to fail. Now we have inflation and the governments tax petroleum products at the pump and whenever the price of oil goes up the oil companies and the government take another huge bite out of your wallet.
Now they want us to buy electric cars of which they don’t have the charging stations or the commodities but they are supposed to somehow miraculously be developed by dirty mining industries. It is all too much. Oh Yes, electric cars are subsidized by the government, or the car companies could not afford to manufacture them, but these subsidies are all paid by the public. This is not freedom this is slavery. DT
Aston Martin dealership near my Guangzhou home takes delivery of half a dozen new vehicles every week, mostly SUV’s and the low end Vantage sports car. No suffering amongst that demographic even though the price after import duty is double what US customers pay.
Thanks for the update. Time to add some more.