Drilling is continuing at the Tonopah West project with five (TW22-117 to -121) step-out drillholes completed to date. Drillholes TW22-119 and TW22-120 intersected the
TW22-120 also encountered the vein over 3 metres at what may be a more favourable elevation within the system and assays are pending at this time. A cross section of the drilling shows the vein is located at the base of the Mizpah andesite which is the stratigraphic location of the
By intercepting this mineralized vein structure far northwest of what was historically known to be an east-west vein corridor, confirms our geologic interpretation that the vein field that makes up the
We eagerly await remaining assays and have summoned a core rig to site that will immediately follow up on these results. A phase two resource expansion surface drill program is now being planned to commence in April, the extent of which will be determined by remaining assays received from the step-out drill program.' Drillhole TW22-121 is located another 650 metres to the north of TW22-119. Drillhole TW22-121 was lost in a thick zone of argillic (clay) alteration. This clay alteration is like the alteration within the Mizpah andesite in the Victor area. A pre-collar hole has been drilled at the site which will allow for a core drill rig to test the base of the Mizpah andesite at this location.
Drillhole TW22-119, -120 and -121 show the
About
Blackrock is a junior precious metals focused exploration company that is on a quest to make an economic discovery. Anchored by a seasoned Board, the Company is focused on its
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Tel: 604 817-6044
Email: andrew@blackrocksilver.com
Forward-Looking Statements
This news release contains 'forward-looking statements' within the meaning of Canadian securities legislation. Such forward-looking statements concern the Company's strategic plans, completion of the maiden resource estimate on the Tonopah West project, timing and expectations for the Company's exploration and drilling programs, estimates of mineralization from drilling, geological information projected from sampling results and the potential quantities and grades of the target zones. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: conditions in general economic and financial markets; accuracy of assay results; geological interpretations from drilling results, timing and amount of capital expenditures; performance of available laboratory and other related services; future operating costs and the historical basis for current estimates of potential quantities and grades of target zones.
The actual results could differ materially from those anticipated in these forward-looking statements as a result of risk factors, including the ability of the Company to make payments related to the lease option to purchase the Tonopah West project; the timing and content of work programs; results of exploration activities and development of mineral properties; the interpretation and uncertainties of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project costs overruns or unanticipated costs and expenses; availability of funds; failure to delineate potential quantities and grades of the target zones based on historical data, and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.
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