logo-loader
viewBlackrock Gold Corp.

Blackrock Gold uncovers eight new veins on Silver Cloud property in Nevada

Blackrock is preparing for a 2,000-metre drill program at Silver Cloud to begin at the end of September

gold vein
Blackrock is contemplating a phase two drill program targeting the northeast veins target

Blackrock Gold Corp (CVE:BRC) revealed Monday that exploration work on its Silver Cloud project in Nevada has uncovered eight new gold veins on the property.

The Vancouver-based exploration company also said that results from its soil survey expanded the soil anomaly along the northeastern portion of the property.

Blackrock told shareholders that several outcropping veins were mapped along the Humdinger Ridge and Honey Hill that have geologic similarities to the nearby Hollister mine, owned by Hecla Mining Company.

READ: Blackrock Gold closes over C$1 million financing to support drill program at Silver Cloud project

The veins occur over a one-kilometre-squared area and vary from less than half a metre to more than five metres in thickness. All veins lie within an east-northeast oriented corridor that is 1,200 metres long and 575 metres wide, the company said in a statement.

Results from the soil survey showed low-level gold and sporadic silver that are not typically found in similar vein systems, Blackrock said in a statement. The explorer said that “bonanza” gold and silver grades should be around 300 metres below surface.

"With a total of eight veins now identified at surface, an expanding and open geochemical anomaly that sits atop gravity lows, and just 3 kilometres directly to the east of Hecla's nearby Hollister mine, the previously unexplored NE Veins target is shaping up to be a significant exploration play,” said Andrew Pollard, Blackrock’s CEO.

"It's truly amazing that a project that sits surrounded by some of the largest and highest-grade gold mines in the world, in a tier-one jurisdiction, and previously explored by the likes of Teck and Placer Dome, can deliver such a compelling, and untested target with surface expressions like this.”

Upcoming drill program

Blackrock is considering a second drill program targeting the northeast veins target, likely with some overlap of the already planned 2,000-metre program to follow up on the past high-grade intercepts uncovered by Teck and Placer Dome.

The exploration company anticipates drilling to begin by the end of September.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

Quick facts: Blackrock Gold Corp.

Price: 0.21 CAD

TSX-V:BRC
Market: TSX-V
Market Cap: $12.65 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Blackrock Gold Corp. named herein, including the promotion by the Company of Blackrock Gold Corp. in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Blackrock Gold prepares to drill at Silver Cloud in Nevada for first time in...

Blackrock Gold (CVE: BRC) CEO Andrew Pollard dropped into Proactive’s Vancouver studio to chat with Steve Darling about the company’s drill program which is about to start on the Silver Cloud Project in Nevada. That will be the first drilling on that site since 2005. Pollard also told...

on 26/9/19

2 min read