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Energy
Blackrock Silver Corp. is intensifying its exploration efforts at the Tonopah West project in Nevada, aiming to unleash the full potential of this promising silver-gold resource. This strategic focus not only underscores the company's confidence in the project but also highlights its commitment to expanding its mineral holdings in one of North America's most prolific mining districts.
Tonopah West is situated in the renowned Walker Lane trend of western Nevada, an area richly endowed with precious metals. The project has seen significant advancements since its inception, making it a flagship asset for Blackrock Silver. With over 150,000 meters of exploration drilling conducted since June 2020, Tonopah West is currently the most active silver exploration project in North America[2].
Key Highlights of Tonopah West:
Blackrock's current drill program at Tonopah West is designed to upgrade inferred resources into measured and indicated categories, ensuring a more robust economic valuation of the project. The company's preliminary economic assessment (PEA) in 2024 outlined a post-tax net present value (NPV) of $326 million, with a capital cost of $178 million, and an impressive post-tax internal rate of return (IRR) of 39.2%[1]. These figures not only demonstrate the project's viability but also suggest potential for shortened pre-production timelines due to high-grade mineralization close to the surface.
Notable Economic Figures:
Recent drilling campaigns have yielded notable results, particularly in the shallow parts of the resource. Highlighted intercepts include TXC24-087, which returned 2.6 meters grading 1,920.93 grams per tonne (g/t) silver and 20.26 g/t gold, including a remarkable 1.1 meters at 4,328 g/t silver and 46.5 g/t gold[1]. These findings bolster confidence in the project's economic model, providing strong evidence of near-surface expansion potential.
Recent Drilling Highlights:
Blackrock's focus on expanding the resource through strategic drilling is crucial for enhancing the project's economics. The NW Step Out target, for instance, shows potential to increase the existing resource by 30 to 50%, aligning with the company's aggressive exploration strategy[3]. This expansion program aims to validate the geologic model and integrate new findings into upcoming resource estimates.
NW Step Out Program Highlights:
Geologically, Tonopah West's mineralization is characterized by low-sulphidation, epithermal systems. The Merten-Bermuda vein group, particularly in the DPB South area, has been a focal point for drilling due to its high-grade gold and silver continuity. Scout drilling programs have successfully extended the Merten vein, revealing potential for substantial resource expansion, potentially adding up to 1,200 meters of high-grade mineralization to the east[5].
Key Geologic Features:
Blackrock's consistent delivery of high-grade drill results has resonated positively with investors. The company's shares have achieved new 52-week highs, reflecting market optimism about the project's potential. As the company continues to build on its PEA with enhanced resource definitions, it is well-positioned for significant growth in the precious metals sector.
Investor Highlights:
In conclusion, Blackrock Silver's strategic focus on Tonopah West is yielding promising results, positioning the project as a critical growth driver for the company. With ongoing drilling programs aimed at expanding and upgrading resources, Blackrock is poised to make significant strides in enhancing the project's economic viability and its standing in the global mining sector.
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