Andrew Pollard, President and CEO of Blackrock Silver (TSX.V:BRC – OTCQX:BKRRF), joins me to discuss the final batch of high-grade silver and gold assays returned from the M&I Conversion drill program on its 100% owned Tonopah West project in Nevada, United States. Importantly, the company has also released tables with all the M&I drilling data that will be feeding into the updated resource estimate due out at the end of Q3 in September.
HIGHLIGHTS:
- TXC25-139 cut 9.05 metres grading 367 grams per tonne (g/t) silver equivalent (AgEq) (182.8 g/t silver (Ag) & 2.04 g/t gold (Au)) from 187.5 metres, including 0.82 metres grading 2,886 g/t AgEq (1,411 g/t Ag & 16.13 g/t Au), Ag/Au ratio 90:1;
- TXC25-150 drilled 2.84 metres grading 671.5 AgEq (367 g/t Ag & 3.41 g/t Au) from 162.3 metres, including 0.76 metres grading 1,554 g/t AgEq ( 819 g/t Ag & 8.14 g/t Au);
- TXC25-146 intercepted 1.16 metres of 1,111 g/t AgEq (615 g/t Ag & 5.50 g/t Au) from 189.5 metres;
- Results from the entirety of the M&I Conversion Program have validated the geologic model, successfully establishing continuity of the high-grade shoots bearing robust geometry over 350 metres. The shoots remain open to the Northwest and downdip;
- Significant new zones of near-surface mineralization were encountered during the M&I Conversion Program at higher-than-average grades up-dip from the existing resource shell;
- Modelling of the M&I Conversion Program drillholes is now underway with an updated mineral resource estimate on Tonopah West on track for Q3, 2025; and
- Assay results for 7 drillholes from the Company’s Northwest step out resource expansion area are currently pending.
We review that in addition to higher confidence ounces, where there is now tighter drill spacing and ounces are going to be moving into the measured and indicated categories from inferred, that the resources will be growing in size, raising the overall high-grade deposit to even higher average grades, and there is more up-dip mineralization that will be factoring into the early year economics of the Project. These various data points will be incorporated into the upcoming updated resource estimate due out by September, and will be answering some of the unanswered questions, with a high probability of facilitating a rerating in the valuation of the Tonopah West Project.
If you have any follow up questions for Andrew regarding Blackrock Silver, then please email them into me at Shad@kereport.com.
- In full disclosure, Shad is shareholder of Blackrock Silver at the time of this recording, and may choose to buy or sell shares at any time.
Click here to visit the Blackrock Silver website to read over the recent news we discussed.
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