July 09, 2025

Blackrock Silver – 500 Meter Step Out Drilling at Tonopah West Intercepts 10.12 Meters of 467 g/t AgEq and Establishes Continuity Northwest Of DPB Resource

20 minutes

Andrew Pollard, President and CEO of Blackrock Silver (TSX.V:BRC – OTCQX:BKRRF), joins me to discuss the final set of assay results released from its Resource Expansion Program showing significant width and high-grade silver and gold drill intercepts in step-out drilling at its 100% owned Tonopah West Project in Nevada, United States.

Blackrock's resource expansion program at Tonopah West, which commenced in September 2024, consisted of 18 drillholes totalling 10,802 meters (35,438 feet) of drilling, targeted expansion potential along a one-kilometer northwest trend between the Denver-Paymaster and Bermuda-Merten vein groups ("DPB") south resource area and the Northwest (NW) Step Out resource area.

HIGHLIGHTS:

TXC25-144 cut 10.12 metres grading 467 grams per tonne (g/t) silver equivalent (AgEq) (283 g/t silver (Ag) & 2 g/t gold (Au)), including 3.51 metres of 1,020 g/t AgEq (620 g/t Ag & 4.43 g/t Au);

TXC25-145 encountered multiple zones of high-grade mineralization which included 0.67 metres of 3,264 g/t AgEq (2,008 g/t Ag & 13.93 g/t Au) within 11.58 metres grading 327 g/t AgEq (186 g/t Ag & 1.56 g/t Au) and 2.32 metres grading 401 g/t AgEq (242 g/t Ag & 1.76 g/t Au);

TXC25-153 drilled 0.7 metres of 724 g/t AgEq (437 g/t Ag & 3.18 g/t Au) within 5.73 metres of 156 g/t AgEq (96 g/t Ag & 0.67 g/t Au);

Step-out drilling has established continuity of high-grade gold & silver mineralization over significant widths that runs 500 metres along drill-defined strike from the existing DPB resource shell to the northwest; and

Targeting is now underway to bridge mineralization on remaining 500 metres of vein corridor to NW Step Out resource area.

We review that in addition to higher confidence ounces, where there is now tighter drill spacing and ounces are going to be moving into the measured and indicated categories from inferred, that the resources will be growing in size, raising the overall high-grade deposit to even higher average grades, and there is more up-dip mineralization that will be factoring into the early year economics of the Project.

These various data points will be incorporated into the upcoming updated resource estimate incorporating the M&I drilling due out by September, and then there will be a second resource update early next year that incorporates all the expansion drilling towards the NorthWest Step Out, and the Eastern Expansion area off DPB South towards the Ohio mine area. After both resources have been released, then all of that data, combined with recent hydrology work, permitting work, and other derisking will be factored into an updated PEA.

We wrap up discussing the larger vision to get permitted to go underground and start working a trial mining study, where the bulk sample should be sizeable, and will verify assumptions on geology, ground conditions, recovery rates, and will be a payable event from the processed mineralized material. These various catalysts are all opportunities for the company to rerate higher, in addition to just rerating more in alignment with the metrics the handful of other high-grade silver peers are receiving at present.

If you have any follow up questions for Andrew regarding Blackrock Silver, then please email them into me at [email protected].

In full disclosure, Shad is shareholder of Blackrock Silver at the time of this recording, and may choose to buy or sell shares at any time.

Click here to visit the Blackrock Silver website to read over the recent news we discussed.

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