Blackrock Silver – 1.2km Step Out Scout Drilling To The Southeast Of DPM Area Hits New High-Grade Silver And Gold Zone at Tonopah West
Andrew Pollard, President and CEO of Blackrock Silver (TSX.V:BRC – OTCQX:BKRRF), joins me to discuss some of the recent high-grade silver and gold assays returned from the reverse circulation Scout Drilling Program completed on the southeastern side of the DPB M&I Conversion area on its 100% owned Tonopah West project located in Nye and Esmeralda Counties, Nevada, United States.
We start off reviewing all the exploration work completed in last year’s phase of the program with the 20,000 meters of M&I conversion drilling, and then focused on the additional 15,000 meters of drilling that has been added to this phase of the program. In tandem with improving the continuity of mineralization, and converting resources from inferred to measured and indicated, there is also a fair amount of expansion drilling underway.
Andrew outlined that the assays from their reverse circulation scout drill program have returned significant gold & silver values in 7 drillholes that have successfully expanded the footprint of mineralization up to 1,200 meters to the east of the existing DPB resource toward the historic Ohio mine. These intercepts cover a new zone of mineralization not included in the 2024 resource that may impact the upcoming DPB South resource update (Q3, 2025);
- Hole TW25-128 returned 9.6 grams per tonne (g/t) gold and 1,198 g/t silver over 1.52-metres (2,063 g/t silver equivalent (AgEq)) from 292 meters in the Ohio area;
- Hole TW25-133 returned multiple thick zones of mineralization including 10.46 g/t gold and 10.6 g/t silver over 4.57-metres (952 g/t AgEq) including 1.52 meters grading 21.45 g/t gold and 15.7 g/t silver (1,948 g/t AgEq) from 309 meters
Next we reviewed the rising grade profile and shallow nature of some of the new mineralized zones that have been tested in the Measured and Indicated portion of the drill program from late last year and slated to complete next month. Results continue to exceed expectations at the Merten-Bermuda vein group in the DPB South area, confirming high-grade silver and gold connects across significant length at higher-than-average grades. These results should positively impact the front end of the mine plan by adding higher confidence, higher grade mineralization at more shallow depths, and will be featured in the M&I resource update due out in September of Q3. The expansion drill results will keep being released through this year to be able to update that portion with a second resource update slated for Q1 2026, and then an updated PEA incorporating all that data is planned for Q2 of 2026.
We wrap up discussing the permitting progress underway on this patented land in Nevada, and how the new executive order from the Trump administration could positively affect the funding and development process for the Tonopah West Project.
If you have any follow up questions for Andrew regarding Blackrock Silver, then please email them into me at Shad@kereport.com.
*In full disclosure, Shad is shareholder of Blackrock Silver at the time of this recording.
Click here to visit the Blackrock Silver website to read over the recent news we discussed.
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GSR………………..92 to 1…….. silver needs to get a grip………
Stackers delight…..
If “The Dogs of War” are unleashed against Iran oil will go through the roof as will gold and silver but there won’t be an economy. DT
Kitco………………..GSR……………. INTERESTING…..
Gold/silver ratio trading near a two-year high but don’t expect it to fall anytime soon – Bank of America
all segments of the marketplace remains robust; however, the analysts are not as optimistic about silver.
$35 an ounce this year; however, it warns that investors could be disappointed if they expect silver to outperform the yellow metal.
Looking at the broader landscape, the gold/silver ratio is currently trading near a two-year high above 92 points. The ratio means that it now takes 92 ounces of silver to equal the value of one ounce of gold. The historical average for the ratio is around 60 points.
silver has room to run higher, analysts at Bank of America expect the gold-silver ratio to remain elevated.
“We remain bullish gold but would avoid positioning for mean-reversion in gold-silver spreads as we do not find co-integration,
Analysts have noted that in a traditional precious metals bull market, silver typically outperforms gold as prices are driven by rising inflation, falling interest rates, and falling real yields. But Bank of America noted that this rally is different.******
Recently central bank buying has emerged as the primary catalyst behind the current gold price increase. *****
******Although gold and silver have followed similar trajectories over the last three decades, the analysts said that their research shows there is little cointegration between the two metals, which means investors shouldn’t expect to see any mean reversion in the price ratio.
*******“When we perform the cointegration tests on the gold-silver pair, out of all monthly regressions from January 1996 to date, only 20% pass the test. In other words, we determine that the gold-silver pair is cointegrated only 20% of time,” the analysts said.
At the same time, Bank of America did find instances of high cointegration during times of market turmoil: the Asian market crisis in 1997, the Dot-com bubble in 2002, the run-up to the Great Financial Crisis between 2007–2008, and the Federal Reserve’s tightening cycle after the GFC between 2015 and 2016.
However, the connection between gold and silver broke down in 2020 during the global COVID-19 pandemic and further deteriorated after Russia invaded Ukraine in 2022 and the ensuing Western economic sanctions against Russia.
*******“The gold rally is likely to continue as countries diversify away from the dollar, especially as the U.S. takes drastic measures to shrink both the budget and trade deficits. *******Gold is a scarce asset with limited additional supply either through mining or recycling,” the analysts said. “Hence the continued central bank demand that is accentuated by recent geopolitical tensions will likely continue to elicit the price response. Yet we see no evidence of mean reversion emerging in the gold-silver pair.”
Although silver will remain in gold’s shadow this year, analysts said that the precious metal remains well supported as industrial demand continues to outpace supply growth.
LIARS…………..OR FOOD FOR THOUGHT………………..humm
It makes sense to me Central Banks in the rest of The World are concerned with The US debt and its war mongering, because it is The Worlds Reserve Currency. They need a flight to safety because eventually the gold standard will return. Silver doesn’t have that allure; gold is real money. DT
Long time holder of BKRRF. Still dribbling along…
Blackrock Silver Corp. (TSXV:BRC) 1.2km Step Out Across New High-Grade Zone at Tonopah West
Red Cloud Securities – April 1, 2025
“Blackrock announced results from an RC scout drill program on its 100%-
owned Tonopah West project in Nevada (Table 1). Results confirmed the
discovery of high-grade Au-Ag in a structural zone extending 1.2km east
from the existing resource shell.”
“We view these results very positively and
believe that with sufficient drilling, Blackrock could incorporate the
new zone into an updated MRE and increase the total resources and
mine life at the project. We expect ounces from this new zone to initially
be added to the inferred category given the short timeline to deliver the
next MRE update in Q3/25.”
“We continue to believe that Blackrock
remains a prime takeout candidate given its large, high-grade resource
in a world-class mining jurisdiction. In our view, Tonopah West is one of
the best primary silver projects in the hands of a junior.”
https://cdn-ceo-ca.s3.amazonaws.com/1juo8ql-20250401%20-%20BRC%20-%20Update.pdf