Drilling on the Denver, Paymaster and Bermuda (DPB) target returned three metres at 10.5 grams per ton (g/t) gold and 1,188 g/t silver (2,238 g/t silver equivalent) along the Merton vein, which Blackrock said indicates 290 metres of dip potential.
Other holes returned 12.2 metres at 297 g/t silver equivalent at the Bermuda-Merton vein intersection and 4.5 metres grading 285 g/t silver equivalent on the Paymaster vein.
Drilling defined mineralization over 300 metres along Paymaster, Blackrock told investors. All DPB veins are open to the east and west as well as up and down dip, the group added.
Vancouver-based Blackrock has initiated a resource definition program on the DPB target with the goal of delivering an initial resource by the end of 2021.
Blackrock CEO Andrew Pollard told shareholders that the zone is “starting to take shape” thanks to the additional high-grade results that highlight the potential for a significant resource.
"Drilling continues to confirm our geologic model, and as we're now establishing continuity and mineralization of the many tightly-spaced veins in this corridor, all of which remain open, we're putting together an extremely aggressive plan that will see us fast-track to deliver an initial resource estimate before the end of 2021,” Pollard said in a statement.
“This is a transformational step for any project, and moving from a maiden round of drilling to resource delineation mode so quickly underscores the calibre of this target, providing investors with something compelling to look forward to over the next twelve months.”
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