“...
On March 19th Hecla Mining announced an agreement to take over Klondex Mines for $462 million in a deal that represents a 52% premium over the previous day's price for Klondex. That will give ownership of Hollister to Hecla Mining. You may safely assume investors paid attention to the announcement and realized the potential in Northern Nevada. You can't beat that timing.
On March 22, Blackrock Gold announced the TSX has accepted the documentation for the agreement between Blackrock and Pescio Exploration on Silver Cloud. The agreement calls for total payments over ten years of $6.65 million, issuance to Pescio of one million shares and 125,000 feet of drilling over the ten-year period.
The deal looks expensive at first but it's rear end loaded with payments of only $300,000 in the first three years. While the Silver Cloud property is in elephant country, frankly the only options are they hit or they don't. If they don't hit in the first three years, it will be time to more on to better ground and if they do hit, the cost is pretty meaningless.
Like Midas, Fire Creek and Hollister, Silver Cloud is a low-sulfidation epithermal banded calcite vein system. Hollister is five miles to the east, Midas a dozen miles to the north. I have been on the Silver Cloud project years ago; it was home to mercury mines and is a sinter similar to Midas and Hollister. ...”
https://www.streetwisereports.com/article/2018/03/26/blackrock-gold-hits-nevada-jackpot.html
Hmmm?