Blackrock Silver Corp V.BRC

Alternate Symbol(s): BKRRF

Metals & Mining Industrial Metals & Minerals

Blackrock Silver Corp. is a Canada-based junior metal -focused exploration company. The Company’s principal activity is the acquisition, exploration and development of gold and silver mines and projects in Canada and the United States. The Company is focused on low-sulphidation epithermal gold and silver projects located along the established Northern Nevada Rift in north-central Nevada and the Walker Lane trend in western Nevada. Its projects include Tonopah Project and Silver Cloud. The Company's Tonopah Project consists of Tonopah West and Tonopah North covering approximately 100 patented and approximately 279 unpatented claims covering across 25.5 square kilometer (sq.km) in silver districts in North America. Its Silver Cloud project consists of over 572 mining claims covering across 12,000 acres. Its subsidiary is Blackrock Gold Corp.

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Blackrock Silver Corp

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Post by kijijion Apr 06, 2021 5:18pm

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Post# 32944224

BLR Acquires Strategic Claim Block at Tonopah West

Blackrock Silver Corp. (TSXV: BRC) (the "Company") is pleased to announce that its wholly-owned subsidiary Blackrock Gold Corporation has entered a Property Exchange Agreement with Nevada Select Royalties, Inc., the wholly-owned subsidiary of Ely Gold Royalties Inc., and three other landowners who have surface use rights on certain of the lands within the Company's Tonopah West project located in the Walker Lane trend in Nevada.

Under the agreement, Nevada Select Royalties, Inc. will acquire three patented mining claims consisting of 35.411 acres (14.3 hectares) which were a hole within the Tonopah West property and contiguous to the mining claims on which the Company is currently drilling. In exchange for the three patented claims, the landowners will gain Surface Rights to 100 feet (30.48 metres) below the surface on 48.94 acres (19.8 hectares), and the Company will retain the Mineral Estate below 100 feet.

Andrew Pollard, the Company's President and CEO stated, "This is a win-win deal for Blackrock and the surface landowners. Each group will be able to achieve their desired objectives with all groups working toward the benefit of the community and stakeholders. Our rapid advancement of the Tonopah West project will eventually take drilling underground and the land exchange provides potential expansion opportunity for Blackrock, while also having no material impact on our Tonopah West Exploration and Development plans."

The newly acquired patented mining claims will be subject to the Blackrock Gold Corp. Option Agreement dated February 24, 2020, between the Company and Nevada Select Royalties, Inc., pursuant to which the Company is acquiring a 100% interest in the Tonopah West Project lands. The Property Exchange Agreement will close on or before April 30, 2021.