Andrew Pollard, President and CEO of Blackrock Silver (TSX.V:BRC – OTCQX:BKRRF), joins us to outline the follow-up drill program on prior bonanza-grade gold and silver discovery at the Silver Cloud Project, as well reviewing the recent drill results from the Tonopah North Lithium Project in Nevada.
On May 23rd the Company announced that it has received approval from the Nevada Bureau of Land Management and finalized a drill agreement with Tonatec Exploration LLC to commence its 2,000 meter Phase-1 drill program at the Company’s Silver Cloud property. Silver Cloud is located along the prolific, high-grade Northern Nevada Rift in north central Nevada adjacent to the Hollister mine and 15 kilometres south of the Midas mine, and Andrew highlights the significance of this trend and those prolific mines. In January 2023, the Company confirmed its original bonanza-grade discovery intercept at the Northwest Canyon target with metallic-screen assay which returned 1.52 metres grading 70 g/t gold and 600 g/t silver in core hole SBC22-020. Drilling is slated to start next month in June.
Next we shifted over to the Tonopah North Lithium Project, where their option partners, Tearlach Resources (TSX.V: TEA – OTC: TELHF), just announced more assay results on May 18th for three (3) new core step-out drill holes (GAB-013, 016, & 019). These newly reported holes intersected broad lithium-mineralized zones with many intervals exceeding 1,000 ppm and grades up to 1,300 ppm. With all results received and reported from the Phase 1, 11 core drill hole program, Tearlach intersected significant grade and thickness of lithium mineralization in every drill hole. Andrew points out the valuation mismatch in what they have defined already, in comparison with 2 neighboring lithium companies, and feels the market has not picked up yet on the potential value of this Project.
If you have any follow up questions for Andrew regarding Blackrock Silver, then please email me at Shad@kereport.com.
- For full disclosure, Shad is shareholder of Blackrock Silver.
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