Blackrock Silver Corp. (BKRRF)

[Oleblue]

Blackrock Silver Exercises Option to Buy Tonopah West Project
Newsfile Corp.
Wed, Mar 13, 20244 min read

In This Article:
BKRRF
-1.40%

Vancouver, British Columbia--(Newsfile Corp. - March 13, 2024) - Blackrock Silver Corp. (TSXV: BRC) (the "Company" or "Blackrock") is pleased to announce that the Company has exercised its option (the "Option") to acquire a 100% interest in the Tonopah West project ("Tonopah West") pursuant to an option agreement dated February 24, 2020 (the "Option Agreement") between the Company's wholly-owned Nevada subsidiary, Blackrock Gold Corp., and Nevada Select Royalty, Inc. ("Nevada Select Royalty"), a wholly-owned subsidiary of Gold Royalty Corp. Tonopah West consists of 101 patented and 19 unpatented lode mining claims covering mineral rights on approximately 1,380 acres (558.5 hectares) located within the historic Tonopah silver district in the Walker Lane trend of Western Nevada.

Andrew Pollard, President and Chief Executive Officer of the Company, commented: "In the four years since we first optioned Tonopah West, it has quickly emerged as one of the best silver discoveries of the decade, cementing its status as the highest-grade undeveloped large silver project in the world1, and we're excited to now complete our acquisition granting us 100% ownership of the property. With title in-hand, we are now squarely in the driver's seat to continue on our mission to quickly de-risk and advance the project through further engineering, hydrologic and metallurgic studies, while pursuing the vast resource expansion potential."

David Garofalo, Chairman and Chief Executive Officer of Gold Royalty Corp, commented, "The Blackrock team has delivered significant value with their advancement of the Tonopah West project, which has quickly become one of the most exciting precious metals projects in Nevada. We are encouraged to have continued exposure to the project through our royalty interest, and for Blackrock to continue to deliver on their strategy of unlocking the value of the project."

In connection with the exercise of the Option to acquire Tonopah West, the Company made payments to Nevada Select Royalty totalling US$3 million over a 4-year term, with a final cash payment in the amount of US$1,000,000.

Pursuant to the terms of the Option Agreement, Nevada Select Royalty retained a net smelter returns royalty (the "Royalty") on Tonopah West equal to 3.0% of the net value of all precious and base metals, products and materials of commercial value mined and removed from Tonopah West and sold by the Company. Under the terms of the royalty agreement (the "NSR Agreement"), the Company is required to pay Nevada Select Royalty an annual advance minimum royalty of US$50,000 (each, an "Advance Royalty Payment") until the earlier of the commencement of commercial production at Tonopah West or the twentieth (20th) anniversary of the effective date of the NSR Agreement. All Advance Royalty Payments made by the Company will be credited towards any future royalty payments to Nevada Select Royalty.

The Royalty also covers 64 unpatented claims staked by the Company in July 2021 which fall within the one (1) mile area of interest delineated by the Option Agreement. Such additional claims cover 1,280 acres (518 hectares) bringing Tonopah West to a total size of 2,660 acres (1076.5 hectares).

https://finance.yahoo.com/news/blackrock-silver-exercises-option-buy-101500860.html

[Oleblue]

The price turned up this week on an increase in volume. OBV looks to have bottomed the first of Oct.

[Sooth_Sayer]

I like it! I'll wait until after 10am to bite.

[ComstockRoyalty]

TIME TO THROTTLE UP.....[color=GREEN[/color]

[Oleblue]

Looking at the one weekly chart, OBV has started to turn up and price has closed above the 8 EMA.

[Oleblue]

Looking at the weekly chart, it still has not put in a bottom and OBV is still negative....still watching.

[Oleblue]

Presentation May 2023

[Oleblue]

Blackrock Silver Announces Silver Cloud Results; Tonopah West Resource Update Timeline
Drilling Update NevadaFollowTSX.V: BRCWebsite
Mr. Andrew Pollard reports:

Vancouver, British Columbia--(Newsfile Corp. - September 26, 2023) - Blackrock Silver Corp. (TSXV: BRC) (the "Company" or "Blackrock") reports assay results for its 100% controlled Silver Cloud project ("Silver Cloud") located in north-central Nevada along the Northern Nevada Rift trend.

HIGHLIGHTS:

Intercepts up to 2.24 g/t gold were encountered in banded epithermal quartz veins;

Multiple banded epithermal veins were encountered with drilling confirming the orientation and dip of the epithermal vein structure with a westerly dip; and

The mineral resource update for the Company's Tonopah West project located within the Walker Lane trend in west central Nevada remains on track for completion in October 2023.

The Company completed a core program centered on the Northwest Canyon epithermal vein intercept that encountered 1.52 metres grading 70 g/t gold and 600 g/t silver in its 2022 drill program (see January 17, 2023 news release). The 2023 drill program consisted of five core holes totalling 1,827 metres.

The drilling showed the epithermal vein system has a strike with azimuth of 340 degrees and a dip of 60 degrees to the west. The vein structure shows a much shallower dip than originally thought and drillholes were not in the optimum location for the shallow westerly dip. Several permitted sites were not drilled as a result.

Gold and minor silver mineralization was encountered in drillholes SBC23-025 and -026. These holes were 25-metre and 100-metre step-outs located north from the original high grade bonanza intercept. While the strike and dip of the vein is better understood, the orientation of the high-grade gold and silver is not. Table 1 shows assay results above 0.2 g/t gold.

Andrew Pollard, President and Chief Executive Officer of the Company, stated, "As we await completion of our updated mineral resource estimate for our flagship Tonopah West project, which remains on track for October, the results from our targeted follow-up campaign at Silver Cloud continue to refine our understanding of the geologic controls of the mineralized system at the Northwest Canyon target. Though we have a good understanding of the strike and orientation of the structure, we have not yet been able to replicate the grades seen in SBC-22-20. A review of the down-hole geochemical data is underway to better pinpoint where the high-grade system is localize."

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1967-tsx-venture/brc/148556-blackrock-silver-announces-silver-cloud-results-tonopah-west-resource-update-timeline.html?idU=1&utm_source=newsletter_1716&utm_medium=email&utm_campaign=junior-mining-brief-for-date-l-b-j-y

[Oleblue]

The weekly chart shows that stock is trying to put in a bottom but the OBV needs to turn up.

[orleansmike]

I am looking for news....I am sure they are holding up news to get out of summer..
Government rating down to AA...
Gold and silver will rally and M&A will put us in a buyout position

[orleansmike]

M&A will ramp up this fall. 43-101 update this fall. VERY BULLISH

[Oleblue]

How the Solar Panel Industry Will Push Silver Into a Major Bull Market

OBV has started to turn up.

[orleansmike]

I still think it is too quiet.
They should be in talks to sell now

[orleansmike]

What is the short position?

[ComstockRoyalty]

Stock Performance @ Blackrock has been dismal considering the nice assets and investors involved here. Huge disappointment for such a nice play. I am holding for the LONG HAUL and Remain BULLISH.

[orleansmike]

Lithium deal will help...we are in the final stages for shorts. That is the pressure. ALOT of people are going into cash so that is also pressure. I am doubling down

[ComstockRoyalty]

DOUBLE DOWN 3 03.2023

[orleansmike]

Million dollar question....next step...prove more and SELL

[Pfb17]

Not to be negative, really, but does anybody know when they will move from drilling to the next step? Thanks.

[orleansmike]

New great valuation!!! Time to buy this out....
The more the value goes up the higher the buyout!!!

[orleansmike]

Tearlach....even higher grades of lithium. This is more $$$ for Blackrock less dilution and more people.,.Eric Sprott huge investor and he just invested $3 million plus on adjacent property at SUMMA

[nowwhat2]

Your tomorrows' next day - BOOM up 20 pct ? - Side Channel Breakout
Why ?.....Can't help wondering......* see below







Aprox. a year ago



Today - Up 20 percent



WHY ? https://ceo.ca/brc?69d78ff92dcd

If this plays out, then BRC would have 30% interest in an American Lithium type company: https://ceo.ca/@globenewswire/american-lithium-confirms-994-purity-lithium-carbonate. The BRC property is adjacent to American Lithium with what looks like the same resource. From what I can tell this lithium asset has an upside of several multiples of the current market cap. The lithium is close to the surface with easy access. I loaded up on BRC due to the lithium. This agreement with Tearlach is a big deal. The market cap of American Lithium is about C$600M. All Tearlach needs to do is follow what American Lithium has done. BRC is now a lithium explorer / developer as well as silver and gold explorer. Well done by management.

See also the 35:30 mark here (but listen to the intro as well re: Golden Crossovers)

ha - An old chart https://investorshub.advfn.com/boards/read_msg.aspx?message_id=162577834

They've kinda been on my radar for some time (albeit just barely)
Never have held a position and still don't.......(yet ?)

My apologies for not getting back to you there !

No mention of a lithium asset in that video I see.....

hmmmmm


Where it's being compared favourably to American Lithium.....Last 4.02

https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=ca%3Ali&x=0&y=0&time=100&startdate=2%2F4%2F2020&enddate=2%2F19%2F2023&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=1&maval=200+50&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11



.

[orleansmike]

So much value in the ground. A buyout will eventually happen ..
Right now ALOT of shorts
SUMMA next door has common veins and Eric Sprott is invested in both

[captainscotty]

#BKRRF: TIME TO LOAD AGAIN.. $0.35

[captainscotty]

#BKRRF: https://www.otcmarkets.com/stock/BKRRF/news $0.38

Hey homeshow.........Time to lock in 300% Gains...!

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 Nevada portfolio of properties consisting of low-sulphidation epithermal gold & silver projects located along the established Northern Nevada Rift in north-central Nevada and the Walker Lane trend in western Nevada. Blackrock Silver Corp is publicly listed on the Toronto Stock Exchange under BRC-TSX.V, trades on the OTCQX as BKRRF, and the Frankfurt Stock Exchange as AHZ0.

[captainscotty]

https://www.facebook.com/blackrocksilvercorp

[captainscotty]

https://twitter.com/BRCSilver

[captainscotty]

#BKRRF: https://www.otcmarkets.com/stock/BKRRF/profile

https://blackrocksilver.com/

https://www.otcmarkets.com/stock/BKRRF/news/Blackrock-Silver-Provides-Corporate-Update?id=375025


Blackrock Silver Provides Corporate Update
Press Release | 10/05/2022
Vancouver, British Columbia--(Newsfile Corp. - October 5, 2022) - Blackrock Silver Corp. (TSXV: BRC) (the "Company" or "Blackrock") announces that John Seaberg has stepped down as a director of Blackrock, effective immediately, in order to pursue other opportunities. The Company would like to thank Mr. Seaberg for his contributions to Blackrock and wishes him the best in his future endeavours.

The Board of Directors of the Company has extended the period during which Mr. Seaberg may exercise his currently held stock options from 90 days to 1 year from the date of his resignation in accordance with the terms of the Company's stock option plan.

About Blackrock Silver Corp.

Blackrock is a junior gold-focused exploration company that is on a quest to make an economic discovery. Anchored by a seasoned Board, the Company is focused on its Nevada portfolio of properties consisting of low-sulphidation epithermal gold & silver projects located along the established Northern Nevada Rift in north-central Nevada and the Walker Lane trend in western Nevada.

For further information, please contact:

Andrew Pollard, President & CEO
Blackrock Silver Corp.
Phone: [phone]
Email: [e-mail]

[Dougster]

Market Makers Mania Manipulation. Want your BKRRF bad.

[ComstockRoyalty]

Bought the dip at .63 LET'S GO!

[Dougster]

Blackrock Silver Mineral Rights Holdings Map: https://blackrocksilver.com/blackrock-silver-advances-district-scale-targets-on-the-newly-staked-tonopah-north-property


Showing Caldera Exploration Mining Fields Land Titles belonging to Blackrock Silver Corporation (BKRRF).

https://blackrocksilver.com/blackrock-silver-advances-district-scale-targets-on-the-newly-staked-tonopah-north-property

........ ........ ........

[Dougster]

Blackrock Silver Advances District-scale Targets On The Newly Staked Tonopah North Property

Blackrock Silver Advances District-scale Targets On The Newly Staked Tonopah North Property

"The Tonopah North project consists of unpatented lode mining claims covering approximately 20 square kilometres north and west of the Tonopah West DPB resource area. The claims had been staked to cover the western margin of the recently identified Tonopah Caldera."

..."The caldera margin is an important foci for mineralization on the Tonopah West project. Detailed mapping and interpretation shows the caldera margin is buried beneath younger volcanic rocks and gravel. A specific unit called the Siebert Tuff outcrops along the margin of the caldera. These tuffaceous sediments and volcanic tuff form a unit classified as moat sediments that occur in close proximity to the margin of the caldera.

Mapping and a gravity geophysical survey show the caldera is east-west at the Tonopah West project and swings northwest then north and finally eastward. The configuration of the caldera is paramount to finding new veins in the district and two distinctive high-priority targets have emerged.

The first target is along the western edge of the Tonopah Caldera where a large northwest fault system appears to offset the caldera rim. The structure appears to be the strike extension of the Pittsburg-Monarch fault system (PMFS) which controls thick veins in the Victor and Ohio areas of the Tonopah West project. At Victor, the vein was 24 metres thick at the intersection with the PMFS. Similarly, the Ohio vein was 14 metres thick where it intersected the PMFS.

The target is compelling in that a new area under the pediment gravels may host another Victor or Ohio vein set. Additional exploration work is being planned to include CSAMT and scout drilling.

The second exciting target is on the north side of the Tonopah Caldera where a strong east-west structural fabric has been mapped and regional magnetic data show a strong east-west structural domain. The geologic setting for the second target is very similar to the Tonopah district itself. The Tonopah North property covers the area which has roughly the same strike as the existing Tonopah silver district. More work is justified as the prize could be a second Tonopah-sized district located beneath post mineral cover and pediment gravels."

https://blackrocksilver.com/blackrock-silver-advances-district-scale-targets-on-the-newly-staked-tonopah-north-property

[Dougster]

Looks like Caldera theory on existing regional Blackrock Silver Corporation properties is valid - Based on Blackrock Intersects Denver Vein One Kilometre Northwest Of The DPB Resource Area In Step-out Drillhole At Tonopah.

"...confirms our geologic interpretation that the vein field that makes up the Tonopah Silver District hugs the margins of a caldera, and juts northwestward towards our newly-staked Tonopah North claims package."

https://blackrocksilver.com/blackrock-intersects-denver-vein-one-kilometre-northwest-of-the-dpb-resource-area-in-step-out-drillhole-at-tonopah-west

[ComstockRoyalty]

LONG SINCE .30 AND HAPPY.[color=red][/color]

[Mephisto Berserk]

Thanks Sooth, looking good at a buck here. Wish I had more, I think Blackrock is getting kinda pricey now considering they still havent delivered. I mean their drill results are pretty incredible though but still.

[Sooth_Sayer]

I learned about those gold stocks from one of your posts, mm mark to you and a thank you.

[Mephisto Berserk]

Yeah that's how aim playing it too. My largest position is also GPL .

[Sooth_Sayer]

Why would someone invest 5 million at a price of .80 a share just for a small percentage gain? I see this surpassing $1

[Sooth_Sayer]

1000 is a heck of a lot better than 0! I have a basket of these gold miners and not heavy in any of them except GPL.

[Sooth_Sayer]

1000 is a heck of a lot better than 0! I have a basket of these gold miners and not heavy in any of them except GPL.

[orleansmike]

Perfect time for silver to spike when we are getting ready for resource estimate...
I see a Buyout ....
We don't want to be a producer.
10 bagger?
How much do you think this property will go for ????

[Mephisto Berserk]

Wish I had more than a measly 1000 shares of this !

[Sooth_Sayer]

https://blackrocksilver.com/blackrock-announces-c5-0-million-private-placement-with-eric-sprott/
Vancouver, British Columbia – (February 24, 2022).  Blackrock Silver Corp. (TSXV:BRC) (the “Company”) is pleased to announce a non-brokered private placement (the “Offering”) with Eric Sprott as the sole investor. The Offering consists of 5,681,819 common shares of the Company (the “Shares”) at a price of C$0.88 per Share for gross proceeds of C$5,000,000.72.

The Offering is scheduled to close on or about March 3, 2022, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange. The Shares to be issued under the Offering will have a hold period of four months and one day from the date of closing. The net proceeds of the Offering will be used by the Company for exploration of the Company’s portfolio of gold and silver projects in Nevada, and for general working capital. 

The Company has agreed to issue 227,272 Shares as a finders’ fee to Research Capital Corporation, which is equal to 4% of the number of Shares placed on the Offering. The finder’s fee is subject to regulatory approval and the finder’s Shares will have a hold period of four months and one day from the date of closing.

The securities offered have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act “) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Blackrock Silver Corp. 

Blackrock is a junior gold-focused exploration company that is on a quest to make an economic discovery. Anchored by a seasoned Board, the Company is focused on its Nevada portfolio of properties consisting of low-sulphidation epithermal gold & silver projects located along the established Northern Nevada Rift in north-central Nevada and the Walker Lane trend in western Nevada.

For further information, please contact:

Andrew Pollard, President & CEO

Blackrock Silver Corp.

Phone: [phone]

Email: [e-mail]

FORWARD-LOOKING STATEMENTS 

This news release contains “forward-looking statements” within the meaning of Canadian securities legislation.  Such forward-looking statements concern the expected subscription and closing of the Offering, net proceeds from the Offering and the intended use of proceeds therefrom. 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; exploration costs, timing and amount of exploration expenditures; and effects of regulation by governmental agencies. The actual results could differ materially from those anticipated in these forward-looking statements as a result of risk factors including: the availability of funds; the timing and content of work programs; results of exploration activities of mineral properties; the interpretation of drilling results and other geological data; an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains;  general market and industry conditions; and those risks set out in the Company’s public documents filed on SEDAR.  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

.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

[Sooth_Sayer]

https://www.google.com/amp/s/www.marketscreener.com/amp/quote/stock/BLACKROCK-SILVER-CORP-49476948/news/IIROC-Trading-Halt-BRC-39575830/

[Sooth_Sayer]

https://www.google.com/amp/s/www.marketscreener.com/amp/quote/stock/BLACKROCK-SILVER-CORP-49476948/news/IIROC-Trading-Halt-BRC-39575830/

[Sooth_Sayer]

Trading halted???? Just tried to buy

[Sooth_Sayer]

Trading halted????

[Sooth_Sayer]

Trading halted????

[Wooden Indian]

Fun to imagine where silver could end up

[Mephisto Berserk]

https://blackrocksilver.com/blackrock-silver-to-commence-drilling-district-scale-targets-at-its-tonopah-north-project/