Blackrock Silver – First Set Of Core Drill Assays From Eastern Expansion Step Outs That will Feed Into Expanded Resource Estimate And Updated PEA In Q1 2026
Andrew Pollard, President and CEO of Blackrock Silver (TSX.V:BRC – OTCQX:BKRRF), joins me to discuss the first set of diamond core drill assays stepping out in the Eastern Expansion drill program, at their 100% owned Tonopah West project located in West-Central Nevada, United States. The Eastern Expansion Program was a follow-up to the Company’s reverse-circulation scout drill program at Tonopah West completed in February 2025, which showed significant potential to expand the DPB South resource area 1,200 metres in an easterly direction.
EASTERN EXPANSION PROGRAM HIGHLIGHTS:
- TXC25-166 cut 5.03 metres grading 750 grams per tonne (g/t) silver equivalent (AgEq) (306.8 g/t silver (Ag) & 4.06 g/t gold (Au)) from 165.2 metres, including 1.83 metres grading 1,661 g/t AgEq (724 g/t Ag & 8.58 g/t Au);
- TXC25-159 drilled 8.75 metres grading 193 g/t AgEq (90.3 g/t Ag & 0.94 g/t Au) from 234.1 metres, including 0.82 metres grading 1,217 g/t AgEq (567.7 g/t Ag & 5.95 g/t Au);
- TXC25-164 intercepted 5.67 metres of 263 g/t AgEq (3.6 g/t Ag & 2.38 g/t Au) from 180.0 metres, including 1.1 metres grading 955 g/t AgEq (9.2 g/t Ag & 8.67 g/t Au);
There are still 13 more drill assays pending from this area to be released by year end. We discuss how all this new step-out drilling at the Eastern Expansion area, off DPB South towards the Ohio mine area, will then be combined with the expansion drilling completed earlier in the year at the Northwest (NW) Step Out resource area, and feed into the upcoming expanded resource estimate and updated PEA in Q1 2026. Andrew reiterates that the silver and gold mineralization at Tonopah West remains open to the northwest, east and internally between the main bodies of mineralization, as well as at depth.
As it stands today, before all the expansion drilling gets included, the updated MRE released in September, based on the M&I conversion drilling, contains a total of 0.107 million ounces (“Mozs”) of gold (“Au”) and 9.5Mozs of silver (“Ag”), or 21.1Mozs of silver equivalent (“AgEq”) of indicated mineral resources, and 0.47 Mozs of Au and 35.5Mozs of Ag, or 86.88Mozs of AgEq of inferred mineral resources.
We discussed that this Tonopah West Project really works even at far lower silver and gold prices due to the very high-grade nature of the deposit, and has excellent torque to rising metals prices. At a 180 grams per tonne (“g/t”) AgEq cutoff, the average block-diluted grade of the indicated mineral resources is 493 g/t AgEq and the average block-diluted grade of the inferred mineral resources is 525.9 g/t AgEq. Andrew explains how they decided to report their resources much more conservatively than most other companies, using these block-diluted grade resource models. This actually keeps the proposed head grade at much higher levels than other peer development projects, once the economics and stope optimization process is factored in.
The Company is engaged in many derisking activities from hydrology and geotechnical drilling, to permitting, engineering, metallurgical studies, and this will all be factored into the updated Preliminary Economic Assessment in early 2026.
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.
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Nvidia now has a market cap of over $5 Trillion, (LOL! and LOL! again) this must be the blow-off phase before the CRASH! The pundits in Washington will be thinking that the stock market is entering a re-adjustment phase at least that is what they want the public to think.
Apparently speculators are ready to pay any amount for money as long as prices keep on climbing. The head wizard will be patting himself on his back for an economic job well done, but little does he realize that massive government intervention always kills the economy. DT 🤣😊😍🧨
HGRAF top today or tomorrow. Take any profits?
BDC, to put it mildly your stock analysis s*cks when it comes to HydroGraph. You better not quit your day job. LOL! DT 🤣🤣🤣
Ditto
A much lauded presentation was released generally this morning and the reaction is not sparkling; plus the TTQ number for HGRAF hit (6). It may hit the top (7) with a touch more tomorrow. Bearish engulfment closing candles may nix that possibility.
My current upside target is 3.55; however first expect a pull back to the 2.53-2.42 range. Possibly deeper.
I listened to the Jay Taylor interview above and Jay said he saw no reason to sell any of his near term. I guess it depends if you’re holding for their future hopeful plans or taking a profit. The everything bubble has not gone anywhere so it’s a decision about what one thinks the future will bring. The problem is that there are problems what the future will bring.
David: The problem is that PnD boyz (Pump & Dump) are still active. Retracement levels have been very deep, and there is always the chance of another capex funding. That could pain the marrow. BDC
BDC, The problem with you is sour grapes, you snoozed too long while you thought you knew what was happening with HydroGraph. This has been going on for a long time with you BDC. Your predictions have all fallen flat on their face, all except for one in the initial run-up, after that your wizard charts have not hit the mark but you keep pounding away with the same theme. Maybe you should try a new approach but like most people you refuse to accept your flawed analysis. If your not flexible enough to see the error of your ways you are only hurting yourself. YOU SNOOZE YOU LOSE! DT 🤣🤣🤣
And another thing that you missed BDC, the most recent funding they did last week Hydro Graph only stayed down for one day and then resumed trading much higher. I don’t know how you could have missed that I talked about it on this board because it was so unusual for a stock to recover so quickly. DT
“… One good thing about the company is that the recent capex funding seemed very fair at about 95¢. …” – From a comment of mine last week.
You give the impression that Buy & Hold is what you do, and yet you have mentioned surprise that your HydroGraph stop loss kicked in, and also some trading activity. In any case, I trade short term dependent on my methods and the last sell was a little early. No big deal. Current buy range 2.53-2.42, and possibly lower.
BDC, do you even check what you say on this board, ie: capex 0.95. I think not all just GobblyGook! DT 😊
Michael Oliver just said that in 6 months silver will be 100 or 200 an oz so bonzo bought more AYASF
I don’t know where silver will be in 6 months but I believe Oliver is right to be so bullish. Most other bulls think we’ve seen a more important top than we have. The next leg up will leave a lot of people chasing.
I was listening to “Danny” today and an interview with “King Kong”. King said JP Morgan has leased 150 tons or so of silver from China in order to protect the paper markets. He was estimating a 90 day lease and JP Morgan will have to pay up when the lease expires. He believed this would mean an additional 90 days of price suppression in the price of silver. Maybe I got all that wrong but if not …that may keep the bull tramped down some more. We shall see.
We’ll see. I don’ think that type of move is very healthy for the bull since we would be incredibly stretched above long term MAs, which would likely result in a crash and multiyear consolidation. What’s more, I don’t believe the majority of silver miners will fully participate in such a swift move higher, since they will be discounting the inevitable crash/severe correction much like they did in 2011. At best I would expect very lackluster performance relative to silver itself on such a leg–maybe 1:1 if that, which would be sad in light of the heaps of added risk over owning the metal itself.
I would much rather see us stay range bound until the 50 week EMA has more time to catch up to the lower end of the range being established now, which I am very cautiously optimistic will be in the $45-46 range on the low end up to the $54 high. That could play out over 4-5 months. Such a tight and high consolidation would be extremely bullish, and set us up for $100-120 silver on the next leg with ease. On such a move I would expect 3-4x moves from today’s prices in the mid-tier silver miners. For example, I am expecting that HL will hit its 1980 high at $35 on this next leg.
Of course, what I want to happen and what will actually happen could be very different.
SLV:GLD closed yesterday at .1173 and today’s low (so far) is .1174 after which happened after the Fed. That poke lower already appears to be over.
195 min:
https://schrts.co/MVDRbcSu
Scratch that .1174 low, stockcharts changed its mind and now says the low was .1180!
Ann, if you are out there do you still have your Max Power Mining Corp. DT
Hi-DT.. Yes still here
Lurking (lol) daily
I sill have MAXX and “ little sister “REVX and haven’t sold any.
I’ll take some profits when J. Hulstein tells me to.
I did sell a bunch of HG. In the last couple day which were actually purchased last October 31.. almost a year ago to the day
The remaining 44k shares.. Not for sale!!!
Cheers
SCZ announced it will soon be listed on NASDAQ.
To meet a $4 share price minimum this will mean a consolidation of as few as four or as many as ten old shares for one of the new. Yesterday’s press release says the exact consolidation ratio is yet to be decided.
I will be attending the next shareholders meeting November 25 in Vancouver.
Exciting days are ahead for SCZ.
I will be watching to see how the Nasdaq listing plays out initially. SCZ is a great company. It might have teething problems at first but then it will be very positive for this company going forward. DT
I’m back in for their quarterly financial results…
Cory & Shad,
Can you bring Christopher Aaron on the show? I always liked his analysis and he’s a level headed guy compared to all other gold perma bulls out there. He thinks maybe gold price put a generational top.. could it be?
Yep, I was actually just thinking of Christopher today, and actually wrote down a note on my desk today reminding me to get him back on the show soon.
It will likely be in about 2 weeks, as we are gearing up to head to the New Orleans Investment conference this Sunday and most of next week. So maybe the week after that if his schedule is open.
Look how brutally people are mocking Chris on his X account. People were saying the same stuff during 2010/2011 gold run. I bet everyone of them is going to be wrong.
https://x.com/iGlobalGold/status/1982826312617411007
Michael Oliver got the 2011 top and the 2016 bottom in gold. He’s far from a perma bull but I can see how some might think he is due to some big gold buy signals of the last 18 months.
I have a great respect for DOC but he’s going to be wrong about mining stocks. It will take a long time before we revisit the recent highs.
What’s a long time? 6 months? 1 year? 2 years?
I believe it will be 6-8 months before we are clear of the recent highs, at least in the silver miners. Of course, I think we could retest or even marginally break above the recent highs before then.
I will say it again. I believe we’re in a topping period right now for the precious metals and we could be in for some consolidation. I don’t believe a lot of the stocks will get comparatively hit as much as the metals since their Cash flows and earnings will still be good enough for them to develop trading ranges higher then their last ones. We could see the consolidation into next year. Regardless, I’ll hold my current positions and add when I feel most of the downward pressure on the metals is over. I did take most of my gains on wwr when it screamed higher and now it’s come back to earth. I’m now 45% in the market and most of that is in the commodities (gold, silver, and uranium stocks). I’m starting slowly to take positions in gas and oil on their bottoming process.
https://www.tradingview.com/x/uqVkidSz/
DOLLAR : Gaining Strength !!
1st of 2 adds to CDE since May @ $16.50, then $15.50
Blackrock Silver Corp. (TSXV:BRC) Tonopah West Drilling Extends Mineralization by Up to 1.2km Along Trend – Exploration Update
Taylor Combaluzier – Red Cloud – October 28, 2025
https://cdn-ceo-ca.s3.amazonaws.com/1kg1hko-20251028-BRC-Update.pdf