February 25, 2025

Blackrock Silver – High-Grade Silver And Gold Assays Returned From The Ongoing Drill Program And Development Plans Come Into Focus At The Tonopah West Project

16 minutes

Andrew Pollard, President and CEO of Blackrock Silver (TSX.V:BRC – OTCQX:BKRRF), joins us to review some of the recent high-grade silver and gold assays returned from both the Measured & Indicated drilling as well as the expansion drilling from the ongoing exploration program at their 100% controlled Tonopah West Project, in Nevada.

We start off reviewing some of the recent multiple +1 kg/t AgEq intercepts in the first assays from the resource expansion program at Tonopah West, stepping out 500km of strike to test and start to connect the areas between DPB and the Northwest Extension. 15,000 meters of more drilling have been added to this phase of the program, which as already seen 20,000 meters completed last year.

RESOURCE EXPANSION PROGRAM HIGHLIGHTS:

TXC25-123 returned assays up to 23.47 g/t Au and 2,223 g/t Ag for 4,335 g/t AgEq over 0.31 metres within a 3.05 metre zone grading 225 g/t Ag and 2.41 g/t Au for 442 g/t AgEq;

TXC24-113 yielded 7.14 g/t Au and 614 g/t Ag for 1,257 g/t AgEq over 0.31 metres, and 1.68 metres of 364 g/t Ag and 0.03 g/t Au for 367 g/t AgEq;

TXC25-124 returned 8.06 metres grading 1.23 g/t Au and 122 g/t Ag for 233 g/t AgEq, including 0.76 metres of 779 g/t Ag and 7.85 g/t Au for 1,486 g/t AgEq;

Andrew outlined that the NW Step Out target shows potential to add an additional 30 to 50% of new resource to Tonopah West, allowing for the capture and inclusion of the NW resource (1.0M tonnes containing an inferred 6.4M ozs Ag and 63k ozs Au or 12.1M ozs AgEq) into a future updated preliminary economic assessment on Tonopah West; and resource update. There are 7 additional core holes planned to reduce the spacing to 50-metre drill centers along a 450 meter portion of the trend.

Next we reviewed the rising grade profile and shallow nature of some of the new mineralized zones that have been tested in the Measured and Indicated portion of the drill program from late last year and slated to complete next month. Results continue to exceed expectations at the Merten-Bermuda vein group in the DPB South area, confirming high-grade silver and gold connects across significant length at higher-than-average grades. These results should positively impact the front end of the mine plan by adding higher confidence, higher grade mineralization at more shallow depths, and will be featured in the M&I resource update due out in Q3. There are still about 17 drill assays pending at the lab to be released over the next couple months. The expansion drill results will keep being released through this year to be able to update that portion of the resource in Q1 2026, and then an updated PEA incorporating all that data is planned for Q2 of 2026.

We wrap up discussing the permitting progress underway on this patented land in Nevada, and how the company has a study underway to break ground on an underground exploration decline in 2027, as well as complete test mining and extract a bulk sample from the shallowest and highest-grade stopes from the Bermuda-Merten vein group (collectively, "DPB South") at an average undiluted grade of 981 g/t silver equivalent (AgEq).*

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

*In full disclosure, Shad is shareholder of Blackrock Silver at the time of this recording.

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

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