Blackrock Gold Corp. is pleased to announce the completion of its oversubscribed non-brokered private placement previously announced for $2.75 million on May 8, 2020, as subsequently increased to $4.5 million further to the Company's news release on May 19, 2020. The Company issued a total of 22,670,737 units at a price of $0.20 per Unit for gross proceeds of approximately $4,534,147. Each Unit consisted of one common [...]
Blackrock Gold Corp. is pleased to announce that, due to demand from potential investors, its non-brokered private placement announced on May 8, 2020, has been increased by Cdn$1,750,000 to up to 22,500,000 units at a price of $0.20 per Unit for gross proceeds of Cdn$4,500,000. Each Unit is comprised of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to [...]
Blackrock Gold Corp. is pleased to announce a non-brokered private placement of up to 13,750,000 units at a price of $0.20 per Unit for gross proceeds of up to $2,750,000. Each Unit is comprised of one common share and one-half of one share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share in the capital of the Company at a price of $0.30 per share for a period of three [...]
Blackrock Gold Corp. has identified reports outlining gold and silver mineralization in historic mine dumps and tailing material on its 100% controlled Tonopah West project located in the Walker Lane trend of Western Nevada. The Tonopah West project reconstitutes the former Tonopah Extension Mining Company and the West End Consolidated Mining Company's land positions into the Tonopah West project, giving Blackrock the [...]
Blackrock Gold Corp. announces exploration plans for its 100% controlled Tonopah West project located in the Walker Lane trend of Western Nevada. The project is a significant landholding within the historic Tonopah silver district with 97 patented and 17 unpatented lode mining claims comprising the property. Blackrock closed the lease option to purchase Agreement on April 1st. The transaction reconstitutes the historic [...]
Blackrock Gold Corp. is pleased to announce that David Laing has been appointed to the Company's Board of Directors to serve as an Independent Director. David Laing is a mining engineer with 40 years of experience in the industry. He was formerly the COO of Equinox Gold Corp., operating gold projects in Brazil and California, COO of True Gold Mining Inc. which developed a gold heap leaching operation in Burkina Faso, and [...]
Blackrock Gold Corp. is pleased to announce thecompletion of the Lease Option to Purchase agreement for the historic West Endand Tonopah Extension properties through a 4 year purchase option from Ely GoldRoyalties Inc. for payments totalling US$3 million. The transaction consolidates these propertiesinto the Tonopah West Project. These properties are a significant landholdingwithin the historic Tonopah silver district [...]
Press Release Highlights SBC20-006 encounters multiple alteration zones of greater than 3.5 metres in Northwest Canyon; Deep drilling in Northwest Canyon and an enhanced property-wide gravity survey confirms the presence of a major structure between the Silver Cloud mercury mine and Northwest Canyon; The major structural zone is associated with eastern margin of Midas-like graben; and SBC20-006 is completed to a total [...]
Press Release Highlights Drillholes SBC19-001, -004 and -005 from the Silver Cloud mine area have identified mineralized zones of up to 6.1 metres in thickness at depth indicating the veins and fractures are coalescing down dip into thicker zones; Drill data shows the volcanic rock package thickens to the west, suggesting the boiling zone could be within the more favourable rhyolite host; The 3.93 g/t and 8.32 g/t gold [...]
2020 Exploration Program Commences Press Release Highlights Drilling in Northwest Canyon starts the week of March 8 to follow up drillholes SBC19-002, SBC19-003, and SCP-15. The spring 2020 drill program is tasked with drilling down-dip and along strike, extending the 250-metre long, east-west zone to the west and testing the gold/silver system at depth. The gravity in-fill survey commenced in late February and will be [...]
Press Release Highlights The Tonopah District produced over 174 million ounces of silver and 1.8 million ounces of gold from approximately 7.5 million tonnes of high-grade silver-gold epithermal quartz veins making it one of the most significant silver-gold districts in North America1. Mineralization hosted on adjacent or nearby properties is not necessarily indicative of the mineralization hosted on the Tonopah West [...]
Press Release Highlights The Tonopah District produced over 174 million ounces of silver and 1.8 million ounces of gold from approximately 7.5 million tonnes of high-grade silver-gold epithermal quartz veins making it one of the most significant silver-gold districts in North America1. Mineralization hosted on adjacent or nearby properties is not necessarily indicative of the mineralization hosted on the Tonopah West [...]