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Blackrock Gold hails new vein target at Silver Cloud

Blackrock is preparing the east-west trending Silver Cloud mine-Northwest Canyon vein system for a drill campaign

Nevada landscape
Pictured is the east-west banded vein structure found at the project

Blackrock Gold Corporation (CVE:BRC) says it now has a third target to explore at the exciting Silver Cloud project in Nevada, after the discovery of a new east-west banded vein structure.

Soil samples at the vein have returned highly elevated silver (up to 7.4 g/t (grams per ton), arsenic (up to 94.5 ppm (parts per million), lead (up to 39.8 ppm (parts per million) and zinc (133 ppm).

READ: Blackrock Gold secures neighboring land to flagship Silver Cloud project

"The three targets include the Silver Cloud mercury mine, the Jackson and Surprise mercury occurrence, and the newly discovered banded vein," noted the executive chairman William Howald.

"In all these areas, the target is a high-grade gold and silver vein system with widths similar to the Midas mine (1m to 2.7m width), and gold grades comparable to the nearby Hollister mine (plus 15 g/t gold and plus 80 g/t silver)."

Howald told investors that Blackrock was preparing the east-west trending Silver Cloud mine-Northwest Canyon vein system for a drill campaign and had kickstarted the permitting process.

Earlier this week, the group said it had expanded its ground at the site, buying land directly adjacent to the Silver Cloud project, namely, the West Silver Cloud property, which consists of 20 claims and borders Silver Cloud's Northwest Canyon target, where the firm Placer Dome encountered 1.5m (meters) of 12.5g/t (grams per ton) gold.

Additional strike potential

"The addition of the West Silver Cloud property provides additional strike potential to the west of Northwest Canyon. As I have stated before, the Silver Cloud project is an excellent under-explored asset located in an extraordinarily productive part of north-central Nevada along the Northern Nevada Rift," said Howard.

Notably, at the Silver Cloud mine target, which lies around 5km to the south of the newly discovered vein, high-grade gold intercepts (1.5m grading 157.7 g/t gold and 12.2m grading 5.53 g/t gold, including 1.5m grading 12.5 g/t gold and 1.5m grading 12.5 g/t gold) were encountered at elevations similar to the Midas and Hollister mines.

On June 20 this year, the firm said it had kicked off a property-wide exploration program at the flagship 4,500-hectare Silver Cloud property on the convergence of the Carlin Trend and Northern Nevada Rift, with the aim to start drilling this Fall.

Geological mapping is underway, while 833 soil samples have been sent to the lab. Planning for diamond drilling has started to test the strike potential of an east-west zone of 1,500m between the former Silver Cloud mine extending to Northwest Canyon, with permitting to begin shortly.

Contact Giles at [email protected]

Follow him on Twitter@Gile74

Quick facts: Blackrock Gold Corp

Price: 1.46 CAD

Market: TSX-V
Market Cap: $150.79 m

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