Blackrock Silver Corp. advances the high-grade Tonopah West Project in Nevada as an American-focused primary silver developer. Company news centers on Tonopah West mineral-resource work, NI 43-101 preliminary economic assessment updates, expansion drilling, permitting activity and technical programs tied to potential silver and gold development in the historic Tonopah mining district.
Blackrock Silver updates also cover governance and capital-compensation matters, including board appointments and deferred share units under its omnibus equity incentive plan. Sector commentary may place BKRRF among silver and polymetallic exploration companies affected by silver supply, critical-minerals demand and Nevada project-development themes.
Blackrock Silver Corp. (TSXV: BRC) has filed a Preliminary Economic Assessment (PEA) technical report for its 100%-owned Tonopah West silver-gold project on SEDAR+. The report, dated October 11, 2024, with an effective date of September 4, 2024, covers the project located in Nye and Esmeralda Counties, Nevada, USA.
The technical report, prepared in accordance with NI 43-101 standards, supports the PEA results announced in the company's September 4, 2024 news release. Blackrock confirms that there are no material differences between the filed report and the previously disclosed information. The full report is now available on SEDAR+ and the company's website for public access.
Blackrock Silver Corp. (TSXV: BRC) (OTCQX: BKRRF) announces initial assay results from its 2024 drill program at the Tonopah West project in Nevada. Highlights include:
- TXC24-087: 2.59m of 3,744 g/t AgEq (1,920.93 g/t Ag and 20.26 g/t Au)
- TXC24-101: 1.28m of 1,286 g/t AgEq (687 g/t Ag and 6.56 g/t Au)
- TXC24-092: 3.35m of 952.6 g/t AgEq (470.56 g/t Ag and 5.35 g/t Au)
- TXC24-100: 2.26m of 898 g/t AgEq (530.30 g/t Ag and 4.08 g/t Au)
The drilling aims to upgrade and expand the shallowest portion of the DPB resource area from inferred to measured and indicated resources. Results show continuity of high-grade gold and silver mineralization, with multiple intercepts exceeding 1 kg/t AgEq. A new high-grade chute has been identified with potential for near-surface expansion.
Blackrock Silver Corp. (TSXV: BRC) (OTCQX: BKRRF) will present at the 2024 Precious Metals Summit in Beaver Creek, Colorado from September 10-13, 2024. The company will showcase findings from the initial Preliminary Economic Assessment (PEA) of its Tonopah West Project in Nevada.
Key PEA highlights include:
- After-tax NPV5% of $326 million with a 2.3-year payback and 39.2% IRR at base case prices
- AISC of $11.96 per silver equivalent ounce
- 8-year life of mine producing 66.8 million payable AgEq ounces
- Low initial capex of $178 million
- Significant expansion potential with ongoing 20,000-meter drilling program
CEO Andrew Pollard will present on September 10th at 1:15pm MT, with the presentation available via webcast.
Blackrock Silver Corp. (TSXV: BRC) (OTCQX: BKRRF) announced positive results from a Preliminary Economic Assessment (PEA) for its 100%-owned Tonopah West Project in Nevada. Key highlights include:
- After-tax NPV (5%) of $326 million with an IRR of 39.2%
- Initial capital expenditure of $178 million
- All-in Sustaining Costs of $11.96 per silver equivalent ounce
- 7.8-year mine life producing 66.8 million payable silver equivalent ounces
- Annual production of 8.6 million silver equivalent ounces
The PEA is based on an updated Mineral Resource Estimate of 6.35 million tonnes grading 2.82 g/t gold and 237.8 g/t silver. The project has significant expansion potential and benefits from a streamlined permitting process on private land.
Blackrock Silver Corp. (TSXV: BRC) (OTCQX: BKRRF) has begun a significant drilling program at its Tonopah West project in Nevada. The fully-funded program includes 20,000 metres of drilling with 50 planned drillholes, utilizing two core and one reverse circulation (RC) drill rig. The campaign aims to grow and de-risk the company's mineral inventory over the next five months.
The program has two main objectives: 1) Convert approximately one million tonnes of high-grade silver and gold from inferred to measured and indicated resource categories, focusing on the Bermuda and Merten vein systems. 2) Explore the potential to connect the DPB and NW step-out resource areas across a 1-kilometer gap, potentially linking up the entire 4-kilometer silver-gold system.
Blackrock Silver announced the commencement of a 20,000-metre drilling program at their Tonopah West project in Nevada. The project, set to begin in July 2024, will use two core drills and one reverse circulation drill. This initiative follows an October 2023 resource estimate revealing 100 million silver equivalent ounces. The drilling aims to convert high-grade silver and gold from inferred to measured and indicated categories, targeting the Bermuda and Merten vein systems. Expansion drilling aims to connect the DPB and NW Step-out deposits. Results from metallurgical test work are expected in August 2024.
Blackrock Silver has terminated its option and exploration agreement with Tearlach Resources concerning the Tonopah North project in Nevada. Tearlach failed to make a required $100,000 payment by April 30, 2024, leading Blackrock to end the agreement. Over the last 18 months, Tearlach spent over $1 million on exploration, identifying multiple lithium zones and expanding the mineralized area. The project area increased from 1,636 to 1,862 hectares. Blackrock is now evaluating the results to decide on the next steps for the project.
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