Blackrock Gold Corp (CVE:BRC) said it will carry out further surface and technical work this year at its Silver Cloud project in Elko County, Nevada, ahead of any drilling programME, sending shares higher.
Last month, the group said it would delay drilling at the site until a detailed assessment was complete. A review of the property's geophysical data has now been conducted by consulting geophysicist Jim Wright, the firm said in a regulatory release today.
"After a review of Jim Wright's Report -Silver Cloud Geophysical Analysis-2018 GIS Data Base and the geochemical data collected in May 2018, the company believes more surface technical work is warranted prior to a drill program to optimize success," it said.
Work will now include an extensive geochemical survey and additional geophysical survey in 2018, the firm said.
"Blackrock Gold will finalise plans to start drilling the Silver Cloud project once this work is completed."
"We are glad to have the geophysical review and interpretation completed by Jim Wright," said Blackrock Gold chief executive Greg Schifrin.
"The information will help provide a better understanding of the geology, structure and alteration at Silver Cloud as we advance toward conducting additional surface exploration work on Silver Cloud project this fall in preparation for drilling."
Shares added over 9% in Toronto to stand at C$0.06.