Blackrock Silver Corp. (TSXV: BRC) reported today the maiden mineral resource estimate for its Tonopah West project in Western Nevada. The report effective April 28, 2022, contains 42.6 million silver equivalent ounces at 446 g/t AgEq in the inferred category.
The estimate consists of 19.9 million silver ounces at 208 g/t silver and 238,000 gold ounces at 2.5 g/t gold, coming from 2.98 million tonnes.
“Representing just eighteen months of drilling data, this maiden mineral resource estimate establishes Tonopah West as one of the highest-grade undeveloped silver deposits of size in the world, with substantial resource expansion potential remaining,” said CEO Andrew Pollard. “We have seen an excellent return on investment via the drill bit, with all-in discovery costs of US$0.62 per ounce AgEq, and with drills at site turning at present we look forward to seeing this project continue to take shape.”
Block model metal values are based on US$20 per ounce of silver and US$1750 per ounce of gold.
The report came from a database of 116 drill holes covering 65,870 metres. The data was collected between June 16, 2020, and December 31, 2021.
Blackrock last traded at $1.13 on the TSX Venture, then fell as much as 10% when the market opened.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
