Blackrock Silver Corp. (TSXV:BRC) – Notable News
May 13, 2022
May 13, 2022 Blackrock Silver Corp. (TSXV:BRC, BUY, C$1.70 target, Taylor Combaluzier) announced that it has commenced a fully funded 10,000m drill program on its
Tag: Blackrock Silver Corp.
Blackrock Silver Corp. (TSXV:BRC) – Maiden MRE for Tonopah West Delineates 42.6M oz AgEq at 446 g/t AgEq
May 3, 2022
Blackrock reported its maiden mineral resource estimate (MRE) for its 100%-controlled Tonopah West project in Nevada. The company reported inferred resources of ~3Mt at an average grade of 446 g/t AgEq for contained ounces of 42.6M AgEq. While the number of ounces was lower than our Lower Case estimate of ~66M oz AgEq, grades were generally in line with our expectations of 474 g/t AgEq. We highlight that this resource is only from a portion of the property and that the known veins continue well outside the resource area and at depth, thereby still providing upside. As a result of this MRE, we are adjusting our model and target price for Blackrock to C$1.70/sh (was C$2.15/sh). Moreover, the MRE is restrictive, as the block model 1) accounts for gold and silver recoveries, and 2) incorporates optimized underground stopes, atypical of most global resources and thus we view it as an ultraconservative and high-quality estimate. In our view, this maiden resource marks an important milestone for Blackrock and a major de-risking step for the Tonopah West project.
Blackrock Silver Corp. (TSXV:BRC) – Notable News
March 29, 2022
March 29, 2022 Blackrock Silver Corp. (TSXV:BRC, BUY, C$2.15 target, Taylor Combaluzier) announced that it has intersected the strike extension of the Denver vein system
Blackrock Silver Corp. (TSXV:BRC) – Victor Vein to be Included in Maiden Tonopah West Resource
March 25, 2022
Blackrock announced that it plans to include the Victor vein system in its upcoming maiden mineral resource estimate (MRE) at its 100%-controlled Tonopah West project in Nevada. We have now updated our mineral inventory estimate for Tonopah West to include the Victor vein system. In our view, the addition of the Victor vein system to the upcoming MRE is positive and should result in a larger resource than previously contemplated. We now believe Blackrock could potentially delineate a ~66M to 113M oz AgEq deposit grading ~474 g/t AgEq at DPB and Victor and we are increasing our price target to C$2.15/sh (was C$2.00/sh).
Red Cloud’s 2022 Very Pre-PDAC Mining Showcase – Day Three Recap
March 7, 2022
Last Friday, Red Cloud hosted the third and final day of its Very Pre-PDAC Mining Showcase, which featured 39 presenting companies including a keynote speech by Joe Mazumdar, Editor/Analyst and Publisher of Exploration Insights and had over 1,750 participants registered in advance of the event. With this note, we want to provide a quick recap of the highlights from the conference for those who were unable to attend the live event. Replays are available on the Red Cloud website.
Blackrock Silver Corp. (TSXV:BRC) – Notable News
March 4, 2022
March 4, 2022 Blackrock Silver Corp. (TSXV:BRC, BUY, C$2.00 target, Taylor Combaluzier) announced that it has closed its previously announced C$5.0M private placement financing with Eric
Precious Metal Picks – Metal Prices Flying as Russia Invades Ukraine
February 24, 2022
We are seeing precious metals rise in the shadow of the Ukraine invasion. Gold is trading around US$1923.80/oz, down a couple percent on short term profit taking since reaching a high of US$1,975/oz overnight. Kitco News notes that the next resistance levels could be between US$2,022/oz and US$2,089/oz. Some such as Frank Holmes of US Global Investors is suggesting that 20% volatility in gold is a non-event, and that gold could go to US$2,800/oz. Other commodities are also moving.
Blackrock Silver Corp. (TSXV:BRC) – Drilling Returns High-Grades, Extends Veins at Tonopah West
February 18, 2022
Blackrock announced the final assays from its DPB in-fill drilling program (57,192m of RC and core in 94 holes), in addition to new intercepts from its RC drilling program on the Victor target and concurrent step-out campaign at DPB at its 100%-controlled Tonopah West project in Nevada. In our view, these positive drill results from Blackrock show that the major structures continue well outside the resource area, and that Victor could provide additional upside, thereby offering future potential to grow the forthcoming maiden resource. Furthermore, high-grade infill results should continue to help bolster the maiden resource, which is on-track for completion in Q1/22.
Blackrock Silver Corp. (TSXV:BRC) – Excellent Initial Metallurgical Results from Tonopah West
January 7, 2022
Blackrock announced positive results from initial metallurgical test work at its Tonopah West project in Nevada that demonstrate that the Ag-Au mineralization appears to be amenable to standard cyanidation processing with average recoveries of 95% Au and 87% Ag. We believe initial testing has returned excellent recoveries for both Au and Ag that are generally in-line with or better than comparable exploration and development stage Ag-Au projects. The confirmation of high recoveries from cyanide bottle roll leach tests is an important de-risking step for the project and reinforces our view that Tonopah West is one of the best Ag projects being advanced globally.
Blackrock Silver Corp. (TSXV:BRC) – Notable News
January 5, 2022
January 5, 2022 Blackrock Silver Corp. (TSXV:BRC, BUY, C$2.00 target, Taylor Combaluzier) has commenced the maiden twelve-hole (9,000m) drill campaign at its 100%-owned Tonopah North