Blackrock Gold Commences Property-wide Exploration at Silver Cloud Gold Project in Nevada
Vancouver, British Columbia--(Newsfile Corp. - June 20, 2019) - Blackrock Gold Corporation (TSXV: BRC) ("Blackrock" or the "Company") is pleased to announce that it has commenced a property-wide exploration program at Silver Cloud on the Northern Nevada Rift with an aim to initiate drilling by Fall.
Exploration Program Underway
- 833 soil samples collected from the northeast portion of the property are now at the lab to be analyzed for 41 elements, including gold & silver
- Geological Mapping is now underway to refine geologic and alteration picture on under-explored, high-priority sections of the property
- Diamond drill hole planning has commenced to test strike potential of an east-west zone of roughly 1500m between the workings of the former Silver Cloud mine extending to Northwest Canyon; permitting to commence shortly
Andrew Pollard, Chief Executive Officer: "With the proceeds from our fully-subscribed private placement now in our treasury we are wasting no time in moving exploration forward at Silver Cloud. Geologic cross sections show gold intercepts in the Placer Dome and Teck drill holes (1.5m of 12.5g/t Au and 1.5m grading 157.7 g/t Au respectively) align at the same elevation along an east-west zone with 1500 meters of strike potential, and drill hole planning is now underway to test this theory. We intend to move forward with permitting our phase-one drill program as soon as targets have been delineated, bringing the first systematic drill program to Silver Cloud in nearly 15 years this Fall. Our generative exploration program is also focused on the north-east section of our property, which represents the westernmost extension from Hecla's Hollister mine. This area is host to another past-producing mercury mine, and a soil geochemical survey carried out in May of 2018 showed elevated silver readings, making this never before drill-tested section of the property a priority for us."
Blackrock Gold Corp. announces that it has granted 700,000 incentive stock options to the Directors and Officers of the Company. The options, which are subject to the terms and conditions of the Company's stock option plan and the policies of the TSX Venture Exchange, may be exercised at a price of $0.10 per share for a term of 5 years.
About Blackrock
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 their Silver Cloud property, a low-sulphidation epithermal gold & silver project, located along on the established Northern Nevada Rift gold trend in north-central Nevada.
For further information, please contact:
Andrew Pollard, Chief Executive Officer
Blackrock Gold Corp.
Phone: 604 817-6044
Email: andrew@blackrockgoldcorp.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release contains forward-looking statements. All statements, other than statements of historical fact, constitute "forward-looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.
Forward-looking statements are generally identifiable by the use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. These statements, however, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed, implied by or projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include but are not limited to the ability of the Company to attract financing and the general market conditions of the industry in which the Company operates, and the other factors discussed in the sections relating to risk factors discussed in the Company's continuous disclosure filings on SEDAR.
There can be no assurance that any forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.
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