Blackrock Silver Announces Inclusion of Victor Vein System in Upcoming Inaugural Resource Estimate at Tonopah West

Vancouver, British Columbia–(Newsfile Corp. – March 24, 2022) – Blackrock Silver Corp. (TSXV: BRC) (the “Company” Where “black rock“) is pleased to report that modeling of the numerous silver and gold intersections reported to date in the Victor Vein system demonstrate sufficient vein continuity to be included in the project’s upcoming Initial Resource Estimate (MRE). 100% controlled Tonopah West, located in Tendance Walker Lane of western Nevada.

The Victor vein system (the intersection of the Murray, Merger and OK vein systems) extends 480 meters to the eastern edge of the Tonopah West project which neighbors Summa Silver. Drilling from Blackrock shows the vein to be 480 meters long and its dip is unknown at this time as bottom has not been encountered. Drilling by Summa Silver indicates that this vein system still extends an additional 300 meters to the east along strike of their property.

The Tonopah West project is conveniently located directly adjacent to the town of Tonopah in western Nevada, with US Highway 95 passing through the property, and the DPB and Victor resource areas are comprised entirely of patented mining claims.

Andrew Pollard, President and CEO of Blackrock Silver, said: “As we near the end of our first resource estimate on the DPB target at Tonopah West, we have concluded that the Victor Vein System, which lies next door has enough information and will play a part in this important milestone for the Company, alongside our DPB vein corridor. are very close. Over 90 years after development and production ceased, it’s only fitting that these two areas will reappear for the next chapter of “Queen of the Silver Camps.” To account for the additional work required in the modeling of this distinct vein system, the announcement of the first resource estimate is expected by April 15and2022.”

Figure 1: Maiden Resource Area Plan Map

To view an improved version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/676/117945_0431ee0ff4806a18_002full.jpg

Table of Victor’s significant interceptions

Table 1: Previously published summary of significant Au and Ag assay results using an AgEq cut-off grade of 200 g/t from the Victor target (intersections greater than 2,000 gram-meter AgEq are shown in bold).

HOLEID

Region

From (m)

to M)

Length (m)

Au_g/t

Ag_g/t

AgEq_g/t

Release date

TW20-001

Victor

554.7

557.8

3

2.435

221.3

464.8

July 20, 2020

TW20-001

Victor

560.8

563.9

3

11.518

1046.1

2197.9

Including

560.8

562.4

1.5

18.667

1736.7

3603.4

TW20-001

Victor

574.5

603.5

29

5.291

435.7

964.8

Including

582.2

592.8

10.7

7.941

623.1

1417.2

TW20-001

Victor

612.6

615.7

3

1.925

135.1

327.6

TW20-003

Victor

702.6

704.1

1.5

1.89

140

329

September 1, 2020

TW20-012C

Victor

581.9

583.4

1.5

2.67

223.5

490.5

November 23, 2020

TW20-020C

Victor

585.2

586.7

1.5

4.75

334.5

809.5

November 23, 2020

TW20-020C

Victor

592.2

593.1

0.9

19

1634.4

3534.4

TW20-021C

Victor

621.2

624.2

3

3.5

435.5

785.5

November 23, 2020

TW20-024C

Victor

521.5

523.1

1.6

2.05

210

415

November 23, 2020

TW20-024C

Victor

573.3

574.7

1.4

3.56

405

761

TW20-024C

Victor

580

582.4

2.4

3.948

364

758.8

TW20-031C

Victor

535.8

538.7

2.9

5.353

545.9

1081.2

November 23, 2020

TW20-041C

Victor

578.2

581.3

3.1

1.884

198

386.4

January 14, 2021

Including

578.2

578.5

0.3

5.5

571

1121

TW20-061C

Victor

631.6

650.1

18.5

1.539

142

295

January 14, 2021

TW21-077

Victor

599

602

3

3.075

310

617.5

May 5, 2021

Including

599

600.5

1.5

4.19

443

862

TW21-077

Victor

606.5

614.2

7.6

2.139

230

444

TW21-085

Victor

594.4

599

4.6

3.113

275.6

338.9

September 1, 2021

TW21-093C

Victor

494.3

495.1

0.8

1.93

207

400

May 5, 2021

TW21-094C

Victor

527.8

532.2

4.4

1.837

140.8

324.5

July 8, 2021

Including

528.2

530.4

2.2

2.956

226.8

522.4

TW21-094C

Victor

597.4

598.3

0.9

0.942

117

211.2

TW21-094C

Victor

601.2

601.9

0.7

1.02

117

219

TW21-095C

Victor

551.1

552.6

1.5

3.66

376

742

July 8, 2021

TW21-095C

Victor

608

608.2

0.2

1.1

152

262

TW21-096C

Victor

465

466.1

1.1

1.97

126

323

July 8, 2021

TW21-096C

Victor

467.4

468.9

1.5

1.14

118

232

TW21-097C

Victor

461.2

467.7

6.5

1.945

261.3

455.8

September 1, 2021

Including

464.5

466.1

1.6

5.26

655

1181

TW21-097C

Victor

469.4

477.5

8.1

1.076

192.9

300.5

TW21-097C

Victor

488.2

489.9

1.7

3.93

660

1053

TW21-097C

Victor

499.3

500.9

1.6

0.917

122

213.7

TW21-116

Victor

435.9

437.4

1.52

1.6

187

347

February 17, 2022

TW21-116

Victor

519.7

521.2

1.52

1.49

144

293

TW21-116

Victor

538

541

3.05

1.164

176.5

292.9

AgEq_g/t = Ag_g/t + Au_g/t*100; Actual thickness unknown. NSV = No significant value

Blackrock’s exploration activities at the Tonopah West project are led and supervised by Mr. William Howald, Executive Chairman of Blackrock. Mr. William Howald, AIPG #11041 Certified Professional Geologist, is a Qualified Person as defined by National Instrument 43-101. It has reviewed and approved the content of this press release.

About Blackrock Silver Corp.

Blackrock is a junior exploration company focused on precious metals seeking to make an economic discovery. Anchored by a seasoned board, the company is focused on its Nevada property portfolio of epithermal low-sulphidation gold and silver projects located along the Nevada North Rift established in north-central Nevada and the trendy Walker Lane in western Nevada. With 110,000 meters of drilling completed on its flagship Tonopah West silver-gold project, the Company expects to provide an initial resource estimate by April 15.and2022.

For more information, please contact:

Andrew Pollard, President and CEO
Blackrock Silver Corp.
Telephone: 604 817-6044
Email: [email protected]

Forward-looking statements

This press release contains “forward-looking statements” within the meaning of Canadian securities laws. These forward-looking statements relate to the Company’s strategic plans, the completion of the Tonopah West project’s first resource estimate in the first quarter of 2022, the timing and expectations of the Company’s exploration and drilling programs, estimates of mineralization from drilling, geological information projected from sampling results and potential quantities and grades of target zones. These forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things, general economic and financial market conditions; accuracy of analysis results; geological interpretations of drilling results, timing and amount of capital expenditures; performance of laboratory services and other related services available; future operating costs; and the historical basis for current estimates of the potential quantities and grades of the target zones. Actual results could differ materially from those anticipated in these forward-looking statements due to risk factors, including the Company’s ability to make lease option payments to purchase the Tonopah West Project; the schedule and content of the work programs; the results of exploration activities and the development of mineral properties; the interpretation and uncertainties of drilling results and other geological data; receipt, maintenance and security of mining permits and titles; environmental and other regulatory risks; project cost overruns or unforeseen costs and expenses; availability of funds; inability to delineate potential quantities and qualities of target areas based on historical data and general market and industry conditions. Forward-looking statements are based on the expectations and beliefs of the Company’s management as of the date the statements are made. The assumptions used in the preparation of these statements, although believed to be reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which are not valid only on the date on which the declarations were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this press release if such beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/117945

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