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About Blackrock Silver Corp
Blackrock Silver Corp (OTCQX: BKRRF) is a dynamic junior exploration company specializing in the discovery and development of high-grade precious metals projects. With a portfolio of 100%-controlled properties in Nevada, USA, including the flagship Tonopah West project and the Silver Cloud and Tonopah North projects, Blackrock is strategically positioned in one of the world's most prolific mining jurisdictions. The company is dedicated to creating shareholder value through resource expansion, de-risking initiatives, and advancing its projects toward production.
Flagship Project: Tonopah West
Located in the historic Tonopah silver district along the Walker Lane trend, the Tonopah West project is a cornerstone of Blackrock’s operations. Covering over 2,660 acres, this project boasts inferred resources of 6.12 million tonnes grading 508.5 g/t silver equivalent (AgEq), making it one of the highest-grade undeveloped silver projects globally. The company’s focus on resource conversion and expansion has demonstrated exceptional continuity of high-grade mineralization, with recent drilling results confirming multi-kilogram AgEq intercepts. Tonopah West’s Preliminary Economic Assessment (PEA) highlights robust economic potential, including an after-tax NPV (5%) of $326 million and an IRR of 39% over a 7.8-year mine life.
Silver Cloud and Tonopah North Projects
In addition to Tonopah West, Blackrock is advancing its Silver Cloud project, which has yielded bonanza-grade gold discoveries, and the Tonopah North project, credited with a significant lithium discovery. These projects diversify the company’s portfolio and position it to capitalize on both precious metals and critical minerals markets.
Strategic Vision and Industry Position
Blackrock’s strategy is underpinned by a commitment to de-risking its assets through engineering, metallurgical, and environmental studies while pursuing aggressive resource expansion. The company’s location on private lands and patented claims in Nevada facilitates streamlined permitting, enabling faster project development. Anchored by a seasoned management team and board of directors, Blackrock is well-equipped to navigate the complexities of the mining industry and deliver long-term value to stakeholders.
Commitment to Sustainability
Operating in compliance with National Instrument 43-101 standards, Blackrock emphasizes responsible exploration and development. The company’s focus on minimizing environmental impact and engaging with local communities underscores its commitment to sustainable mining practices.
Investment Highlights
- High-grade silver and gold resources with significant expansion potential.
- Strategic location in Nevada, a top-tier mining jurisdiction.
- Strong economic metrics outlined in the PEA for Tonopah West.
- Portfolio diversification with lithium exploration at Tonopah North.
- Experienced leadership driving exploration success and project advancement.
Blackrock Silver Corp is poised to play a pivotal role in the future of silver and gold mining in North America, offering a compelling opportunity for investors seeking exposure to high-grade precious metals and critical minerals.
Blackrock Silver (BKRRF) has announced significant results from its Resource Expansion Program at the Tonopah West project. The program, targeting a one-kilometer trend between the DPB and NW Step Out areas, has yielded multiple high-grade silver and gold intercepts.
Key drilling results include:
- TXC25-123: 4,335 g/t AgEq over 0.31 metres within a 3.05 metre zone
- TXC24-113: 1,257 g/t AgEq over 0.31 metres
- TXC25-124: 233 g/t AgEq over 8.06 metres
The NW Step Out target shows potential to increase Tonopah West's resource by 30-50%. The company plans seven additional core holes to reduce spacing to 50-metre drill centres along a 450-metre portion. An updated mineral resource estimate is planned for Q3 2025, with a preliminary economic assessment scheduled for Q2 2026.
Blackrock Silver reports significant drilling results from its M&I Conversion Program at the Tonopah West project in Nevada. Key highlights include intercepts of 5.21 meters of 563 g/t AgEq, 3.96 meters of 659 g/t AgEq, and 2.01 meters of 1,783 g/t AgEq.
The ongoing drilling program, which began in July 2024, has been expanded to approximately 62 drillholes within the DPB South resource area. The program aims to convert up to 1.5-million tonnes from inferred to measured and indicated mineral resources. Currently, 38 drillholes have been completed, with 16 pending assays and 17 additional core holes planned.
Results from the Merten-Bermuda vein group are exceeding expectations, showing high-grade silver and gold connectivity across significant lengths. The high-grade chutes have thicker vein intercepts ranging from 2 to over 5 metres, with an area exceeding 175 by 350 metres and remaining open down plunge.
Blackrock Silver (TSXV:BRC) (OTCQX: BKRRF) has engaged Westland Engineering and Environmental Services to guide the permitting process for developing an exploration decline and test mining at its 100%-owned Tonopah West project in Nevada. The project, located on private land, could potentially increase domestic silver production by up to 15% annually.
The company aims to receive necessary permits to break ground on an exploration decline by 2027. Additionally, Blackrock has expanded drilling programs by 15,000 metres, with plans to release a mineral resource update in Q3 2025. The initial mine design targets the Bermuda-Merten vein group at an average undiluted grade of 981 g/t silver equivalent.
The company plans to complete an in-fill drilling program of approximately 62 drillholes, aiming to convert up to 1.5-million tonnes from inferred to measured and indicated resources. An updated preliminary economic assessment is expected by Q2 2026.
Blackrock Silver (TSXV: BRC) has announced the grant of long-term incentive awards to directors, management, and consultants of the company and its Nevada subsidiary. The awards include:
- 640,286 performance share units (PSUs)
- 89,286 deferred share units (DSUs)
- 1,320,307 stock options
The stock options are exercisable at $0.43 per common share, vesting one-third annually over three years, and expire on January 17, 2030. PSUs will vest similarly over three years, subject to performance criteria. DSUs will fully vest on January 17, 2026, and settle upon the holder's termination of service.
Blackrock Silver reports significant drilling results from its Tonopah West project in Nevada. Key intercepts include 4.69 metres of 714 g/t silver equivalent from TXC24-119, 2.01 metres of 1,783 g/t silver equivalent from TXC24-117, and 0.98 metres of 1,048 g/t silver equivalent from TXC24-102.
The company's 2024 drill campaign includes an M&I Conversion Program aiming to convert up to 1.5-million tonnes of inferred resources to measured and indicated resources, and a Resource Expansion Program targeting a one-kilometre vein corridor. The M&I Conversion Program has completed 32 of 40 planned drillholes, with assays received for 28 holes. The program is establishing continuity of high-grade mineralization within the Merten vein, showing two northwest-oriented mineralized chutes with continuity over 225 metres.
Blackrock Silver (TSXV: BRC) (OTCQX: BKRRF) has appointed Tom Peregoodoff to its Board of Directors effective December 3, 2024. Peregoodoff brings over 30 years of resource industry experience, specializing in exploration and resource development. He currently serves as an independent director at MAG Silver Corp. and American West Metals His previous roles include CEO of Apollo Silver Corp. and Peregrine Diamonds , where he led the company's sale to DeBeers Canada in 2018. He also spent 18 years at BHP, ultimately serving as Vice President of Early Stage Exploration. The company granted Peregoodoff 85,000 deferred share units at $0.40 per unit, vesting after one year.
Blackrock Silver Corp. (BKRRF) announced high-grade silver and gold assay results from its M&I Conversion drilling program at Tonopah West project in Nevada. Key highlights include multiple high-grade zones with intercepts of up to 6,064.4 g/t AgEq. The program, targeting conversion of up to 1.5-million tonnes to measured and indicated resource category, has completed 32 of 40 planned drillholes, with assays received for 27 holes. Notable results include 5.03 metres of 774.5 g/t AgEq and 2.01 metres of 1,783 g/t AgEq. The drilling program will continue through Q1 2025.
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.
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