Value Microcaps Junior Miners

[Bobwins]

Blackrock Silver BRC.v/BKRRF +.03 to US$.8274

A little late but I should have mentioned this when I bought a couple of weeks ago. Blackrock acquired about 1/2 of the historic Tonopah silver district in Nevada in 2020 from Ely Gold Royalties, who assembled the land package from private land owners. Tonopah was the second biggest silver district in Nevada behind the Comstock lode. Production stopped because of WWII and not because reserves were gone. This is high grade. Blackrock has multiple drill holes exceeding 1,000 gm/tonne.

Since they acquired the tract in 2020, Blackrock has drilled almost 100K meters. They have been steadily financing and so share count has gone up a lot. FD share count is close to 200 million shares. They just announced another $7million raise last week. First Majestic has participated in the last two financings and Eric Sprott is also a big investor.

Here is the latest presentation:

https://blackrocksilver.com/wp-content/uploads/2021/08/BlackrockSilver_Nye-County_Presentation_August_11_2021.pdf

Blackrock has moved 30% in the last two weeks. I think the stock is moving due to expectations of an initial resource estimate that is due in early 2022. This is the largest drill program over the past year and investors are expecting a big initial resource.