BLACKROCK DRILLS 3 METRES OF 2,198 G/T SILVER EQ. IN NEW VEIN AND EXTENDS VICTOR VEIN DOWN PLUNGE WITH 29 METRES GRADING 965 G/T SILVER EQ. ON THE TONOPAH WEST PROJECT
Blackrock Gold Corp. (BRC.V) has released initial drill results from the Victor target on its 100-per-cent-controlled Tonopah West project, located in the Walker Lane trend of western Nevada.
- Drillhole TW20-001 intersected a new vein yielding 3 metres grading 2,198 g/t silver equivalent (silver :gold ratio 100:1) using a 400 g/t silver equivalent cut-off grade;
- Drillhole TW20-001 also extended the Victor Vein 30 metres down plunge with the intersection of 965 g/t silver equivalent over 29 metres;
- Two additional drillholes are completed at the Victor Vein target to test the down plunge extension (assays pending);
- A core drill is being mobilized to site to follow up on TW20-001's outstanding results;
- Drilling is on going at the Denver, Paymaster and Bermuda (DPB) target with three of eight drillholes completed and one in progress;
- The New Discovery and Ohio Vein targets remain untested at this time.
Andrew Pollard, president and chief executive officer, commented: "As the first group to target the historic workings within this prolific, historic silver district in the heart of Nevada, our first drillhole, having encountered multiple significant high-grade veins, is nothing short of remarkable. With six drillholes now completed in two distinct target areas, we are incredibly encouraged, as our modelling of the vein systems appears to line up as predicted. Given these encouraging initial results, we are mobilizing a core drill rig and expanding our initial drill program beyond the previously envisioned 7,000 metres."
Three reverse circulation drillholes are complete in the Victor Vein area targeting the down-plunge extension of a mineralized shoot that is 20 metres wide, 200 metes long, and is open down-plunge. Drillhole TW20-001 is the first of three drillholes to test this target.
TW20-001 targeted the down-plunge extension of the Victor Vein silver and gold zone. The drillhole intersected this zone which dips 45 degrees to the northwest starting at 574.5 metres down the drillhole. The drillhole was designed to intersect the zone 50 metres down-plunge; however,it intersected at 40 meters due to deviation. The drillhole terminated unexpectedly in historic workings. The workings indicate mining of the zone in the 1920's may have continued if not for technical issues apparently caused by unreliable power to pump the water.
In addition, two previously unknown veins were intersected above the main Victor zone. The first returned 3 metres grading 465 g/t silver equivalent, and the second yielded 3 metres grading 2,198 g/t silver equivalent. All zones carried quartz vein material with black sulphides associated with the quartz veins.
An attached table summarizes the assay results from TW20-001 using a 400 g/t silver equivalent cut off grade.
TW20-002 and -003 also intersected vein material with black sulfides. Assay results are pending. If positive, TW20-002 and -003 will extend the mineralized zone an additional 170 metres down-plunge.
The Company is securing a core drill to follow up on the Victor target results. The drill will arrive on site in August, and a program totalling 1,000 to 2,000 metres is being designed.