BlackRock Silver Reports 6.12 Million Tonnes Grading 508.5 G/T AgEq For 100.04 Million Ounces AgEq

Pixy interviews Andrew Pollard about this astounding mineral resource miracle.

Hey, Michelle Makori of KITCO.
There’s a new Sheriff in town!
& Her name is Pixy.

Below is Pixy Livingston’s first interview with a Silver Mining CEO.

Some news anchors have to start in small towns covering local events like County Fairs, but we decided to throw Pixy into the Shark Tank, where the fierce investors swim. 

You will agree that Pixy nailed this interview with the straight-shootin’ Pollard, who lays out the best case for Why Blackrock Silver.

Following this interview read why Summa Silver is also our Top Pick among Junior Silver Miners, and you will glean why we are leaning this way. All Roads lead to Nevada and the Prolific Tonopah Mining District.

Disclaimer - The first part of the video has some pixelating issues (no pun intended), but the quality improves drastically. Blackrock Silver CEO Andrew Pollard will have you foaming at the mouth (or better said) chomping at the silver drilling bit to get positioned in Blackrock Silver before Mr. Market prices in these Million Plus ounces on private land, (meaning No Federal Bullshit Permitting Time Nightmare Blockades or Backlogs.)

PS:: 2nd Disclaimer, Pixy is a fan of Michelle Makori

• Two Projects in Tonopah Mining District

• Tier 1 Jurisdiction, Nevada historically top 3 in USA

Blackrock Silver (TSXV: BRC) (OTCQX: BKRRF) Western Half of Tonopah Mining District

Summa Silver Corp. (TSXV: SSVR) (OTCQX: SSVRF) (FSE: 48X) Eastern Half of Tonopah Mining District

• Pixy Projections (macro events impacting precious metals)

• Pixy Projects (focuses on drilling results at at various mining projects)

• Pixy Picks (stock picks)

• Pixy Predictions (forecasting things like transitioning out of commodity bear market into a commodity bull market)

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Last Tuesday - Blackrock Silver Corp. (TSXV: BRC) (OTCQX: BKRRF) (the "Company" or "Blackrock") is pleased to report the results for its updated mineral resource estimate (the "Updated MRE") for its 100% controlled Tonopah West project ("Tonopah West"), located in the Walker Lane trend of Western Nevada. Tonopah West is conveniently situated directly adjacent to the town of Tonopah in Western Nevada, with highway US 95 traversing the property, and the resource area lies exclusively within patented mining claims. All amounts herein are presented in United States Dollars unless otherwise stated.

HIGHLIGHTS:

• The Updated MRE contains a total of 0.57 million ounces ("Moz") of gold and 47.74Mozs of silver or 100.04Mozs of silver equivalent ("AgEq"), which is a 135% increase over the maiden resource estimate for Tonopah West (the "Maiden MRE") included in the technical report dated effective April 28, 2022;

• At a 200 g/t AgEq cut-off, the average grade of the inferred mineral resource is 508.5 g/t AgEq, which is a 14% increase over the Maiden MRE;

• The Updated MRE includes 6.12 million tonnes, which is a 106% increase over the Maiden MRE;

• Blackrock's discovery costs are $0.29 per ounce of AgEq;

• The Updated MRE is based on a structural re-interpretation of the Victor and DPB areas and incorporation of the new drill information from the Northwest Step Out target. The Updated MRE captures approximately 3-kilometres of strike along the Tonopah West vein system;

• Silver and gold mineralization remains open to the northwest and internally between Victor and DPB, and DPB and the Northwest Step Out target, and at depth; and

¹ AgEq cutoff grade is based a total mining, processing and G&A cost of $119/tonne.

2 Silver Equivalent grade ratio used in this news of 84:1 is based on silver and gold prices of $22/ounce and $1,850/ounce, respectively, and recoveries for silver and gold of 87% and 95%, respectively. AgEq Factor= (Ag Price / Au Price) x (Ag Rec / Au Rec); g AgEq/t = g Ag/t + (g Au/t / AgEq Factor).

³ Rounding as required by reporting guidelines may result in apparent discrepancies between tonnes, grade, and contained metal content.

⁴ Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resources estimated will be converted into mineral reserves. The quantity and grade of reported inferred mineral resources in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred mineral resources as indicated mineral resources. It is uncertain if further exploration will result in upgrading them to the Indicated mineral resources category.

The MRE was prepared in accordance with Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition Standards - For Mineral Resources and Mineral Reserves adopted May 19, 2014, and in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). The effective date of the new mineral resources estimated by RESPEC (formerly Mine Development Associates, "RESPEC") is October 6, 2023.

Andrew Pollard, the Company's President and Chief Executive Officer, stated, "With delivery of our second mineral resource estimate at Tonopah West in just three years of our initial discovery, we are making great strides towards de-risking and reawakening one of the great American silver camps. Compared to the Maiden MRE, our mineral inventory has grown by 135% AgEq and discovery costs have plummeted to $0.29 per silver equivalent ounce. The addition of 25,000 metres of new drilling into the database, a re-interpretation of the underlying geologic model, and the modelling of the newly discovered NW Step Out target highlights the expansion potential of the project. This Updated MRE has seen the footprint of mineralization more than double from the Maiden MRE, with the vein corridor now stretching over 3 kilometers with the inclusion of the new NW Step Out target. There are no signs of the system stopping both along strike and at depth.

"Tonopah West is unparalleled within the industry as I see it, given its exceptional, safe jurisdiction, incredible infrastructure, high-grade precious metal-only resource, excellent metallurgy and district scale exploration upside. Moreover, the entire resource is on private lands (patented claims) potentially providing for a streamlined permitting process.

"Over 160 years since Nevada earned its moniker as the Silver State, and nearly a century since commercial production shut down, most had assumed the history books had long since closed on this once-renowned district. This resource marks a pivotal step toward the resurgence of this illustrious mining camp, proving that the final chapters of the 'Queen of the Silver Camps' are yet to be written."

The Updated MRE is presented with block diluted grades. The AgEq block model grades are based on $22 per ounce of silver, $1,850 per ounce of gold, and 87% and 95% recoveries for silver and gold, respectively.

The resource is reported using a cut-off grade which was calculated from estimated mining costs and metallurgical recoveries. Table 2 shows assumed mining, processing, and G&A cost for each mining method.

Table 2: Tonopah West mining, processing and G&A costs at the listed gold and silver price

Kappes and Cassidy (KCA) completed twelve bottle-roll tests on vein composites. Silver returned recoveries from 81% to 94% with an average recovery of 87%. Gold recoveries from the twelve composites were between 90% to 98% with and average recovery of 95%. Based on the KCA data, a recovery of 87% was used in the calculation of the resource cut off grade.

¹ AgEq cutoff grade is based a total mining, processing and G&A cost of $119/tonne.

² Silver Equivalent grade ratio used in this news of 84:1 is based on silver and gold prices of $22/ounce and $1,850/ounce, respectively, and recoveries for silver and gold of 87% and 95%, respectively. AgEq Factor= (Ag Price / Au Price) x (Ag Rec / Au Rec); g AgEq/t = g Ag/t + (g Au/t / AgEq Factor).

³Rounding as required by reporting guidelines may result in apparent discrepancies between tonnes, grade, and contained metal content.

⁴ Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resources estimated will be converted into mineral reserves. The quantity and grade of reported Inferred mineral resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred mineral resources as Indicated mineral resources. It is uncertain if further exploration will result in upgrading them to the Indicated mineral resources category.

Blackrock completed a total of 198 drillholes (125,208 metres) between June 16, 2020 and December 15, 2022 from the surface drillhole. This drilling underpins the Updated MRE. A total of $28.75 million was expended since acquiring the option on Tonopah West on April 1, 2020 to September 30, 2023, exclusive of option payments, holdings costs, and corporate G&A, which equates to a discovery cost of $0.29 per ounce of AgEq.