Blackrock Gold Corp (CVE:BRC) has posted more drill results from the maiden program at its Tonopah West project in Nevada, which underscore the site's potential.
So far, nearly 14,000 metres (m) have been completed in 28 holes and the program has been expanded to 30,000m.
READ: Blackrock Gold mulling plans to spin out its Silver Cloud property in Nevada into separate company
Assays for 16 holes have been released so far, with 14 showing significant and high-grade intercepts, ranging from 1.5m to 29m in thickness, with grades from 300 grams per ton (g/t) silver-equivalent (AgEq) to 4,643 AgEq.
One hole delivered the highest-grade intercept of the work so far, at 1.5m of 26 g/t gold and 2,030 g/t silver on the Merton vein, which is part of the DPB target.
"Management had high expectations going into our maiden round of drilling, though as initial assay results continue to roll in, it's clear we may have underestimated the project's potential," said Andrew Pollard, the company's president and CEO.
"These results from the DPB Target not only continued to highlight the bonanza grades for which this historic district was renowned, but have now extended the mineralized vein corridor a further 500m along strike from where historic production shut down roughly 90 years ago."
Pollard noted that the Denver, Paymaster and Bermuda (DPB) high-grade veins, which were historically mined together, represent the last producing mine in the district prior to shut-down due to the Great Depression.
"As the first group to target the historic workings, we are excited to not only confirm that high-grade mineralization remains where production left off, but more consequentially, that the system extends substantially beyond and remains open," he said.
"With three drill rigs now at site and roughly 30,000 metres of drilling planned through the end of the year, we are focused on expanding the footprint of known mineralization while we continue to enhance our understanding of the geologic model."
Work on the DPB target is progressing with step-out drilling, the firm said, while at the Ohio vein target, a third reverse circulation (RC) drill rig has arrived.
At the Victor Target, around 800m to the east of DPB, core drilling is progressing with seven holes planned and five completed. Work at the Victor target is testing around 300m of potential strike along the Murray/Victor vein complex.
Contact the author at [email protected]