Welcome to our dedicated page for Blackrock Silver news (Ticker: BKRRF), a resource for investors and traders seeking the latest updates and insights on Blackrock Silver stock.
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 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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