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Blackrock Gold unveils plans for Silver Cloud exploration

Silver Cloud is an 11,200-acre property in north central Nevada, one of the richest gold mining areas in North America

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Blackrock Gold is exploring for gold in the historic mining state of Nevada

Blackrock Gold Corp (CVE:BRC) is planning a summer work program to find new targets at its Silver Cloud project in Nevada.

The Vancouver-based company announced Thursday that planning has commenced on the work program, which will include an opportunity to follow up on existing drill targets.

Shares of Blackrock rose 5.6% on Thursday to sit at C$0.10 in Toronto.

READ: Blackrock Gold appoints Aurania Resources CFO Tony Wood to board

Silver Cloud is an 11,200-acre property located in north central Nevada, one of the richest gold mining areas in North America. Previous drilling by global miner Teck uncovered 157.7 g/t gold over 1.5 metres just below the Silver Cloud mercury mine. Prior to that, Placer Dome drilled 5.5 g/t gold over 12.2 metres in the Northwest Canyon target area.

According to Blackrock, the company plans to undertake an IP survey to target the area from the workings of the former Silver Cloud mine extending to the Northwest Canyon, and west from Hecla’s Hollister mine.

Blackrock has collected nearly 1,000 soil samples from the eastern half of the project. In addition, a detailed mapping program will be implemented to refine the geologic and alteration picture.

“The goal of the plan is to have targets in hand by Fall, with the aim of bringing drilling back to the project for the first time in well over a decade,” said Andrew Pollard, Blackrock’s CEO.

Pollard pointed to geologic cross sections that show gold intercepts in the Placer Dome and Teck drill holes of 12.2 metres grading 5.53 grams per ton gold and 1.5 metres grading 157.7 grams per ton gold, respectively, which line up at the same elevation along an east-west zone with 1500 meters of strike potential within the volcanic rocks.

“The geologic similarities to the Midas mine make this target a top priority," he said in a statement.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

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Price: 0.18 CAD

TSX-V:BRC
Market: TSX-V
Market Cap: $11.28 m
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Full interview: Blackrock Gold sees great potential in 2020 after successful...

Blackrock Gold (CVE: BRC) CEO Andrew Pollard and Executive Chairman Bill Howald dropped into the Vancouver office of Proactive to tell Steve Darling about their plans for moving the Silvercloud project in Nevada forward in 2020. Howald telling Proactive about the success they had in 2019 with...

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