Blackrock Gold Corp (CVE:BRC) (OTCMKTS:BKRRF) (FRA:AHZ) Monday reported that it has encountered "multiple high-grade gold and silver core intercepts" at the Victor Target on its 100% controlled Tonopah West project in Nevada, including 19 grams per tonne (g/t) gold and 1,634 g/t silver over 0.9 metres (m).
The company added that another drill hole (TW20-031C) cut 2.9m grading 1081 g/t silver equivalent, which it says could represent a new vein system to the north of the Victor Target. The Victor Target is a multi-vein gold and silver zone that has been drill-defined within an area 210 by 150m, and remains open to the west and down dip.
Blackrock Gold CEO Andrew Pollard said in a statement: "We continue to hit absolutely phenomenal grades with our drilling as the mineralized zone at Victor Target expands, and a new high-grade vein zone has been identified. As the first group to target this historic mine since production shut down in 1930 due to low metals prices, we have refined our geologic model of the thick mineralized structure encountered in drill hole TW20-001 (29 metres grading 965 g/t AgE) and now believe the mineralized structure dips at a steeper angle than previously anticipated."
He added: "We see significant expansion opportunities at this target, as we do our best to thread the needle around the historic workings with the drill bit to hit this structure down-plunge. In addition, with the large Pittsburg-Monarch fault encountered on the western extent of this significant, multi-vein, drill-defined zone, we also see significant expansion potential to the west should we be successful in targeting the offset vein system. With a number of completed drill holes pending assays from multiple target areas, we expect continuous news flow through the end of the year."
Blackrock Gold noted that it has drilled 24,000m in 48 drill holes at the Victor Target to date, with assays being released on 24 drill holes including intercepts ranging from 1 to 29m in thickness with grades from 300 to 4,643 g/t silver equivalent.
The company said assays from the Ohio, DPB, and Victor Targets are pending at this time.
In April 2020, Blackrock Gold secured a four-year purchase option for the brownfield Tonopah West project in a US$3 million deal with Ely Gold Royalties Inc.
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