Vancouver, British Columbia - July 18, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Blackrock Gold Corporation (TSXV: BRC) (the "Company") is pleased to announce that an orientation soil geochemical survey has been conducted over vein exposures and geologic structures in the northeast portion of the Silver Cloud Claim Block in Elko County, Nevada. (see map)
There were three orientation lines with soil samples collected on 100 foot spacing, two north-souths and one east-west. A total of 41 samples were collected. The samples were analyzed by American Analytical Services of Osburn, Idaho for 35 elements by ICP as well as gold and silver by Fire Assay.
The sample analysis from the orientation survey indicates elevated levels of silver in four of the 41 soil samples collected near the vein exposures and structures in the northeast area of the claim block. Concentrations of 3.428 to 7.405 ppm silver are present in the four soil samples. The presence of silver is an indicator that mineralization is present within the veins and along structure in the northeast portion of the Silver Cloud Project Claims. The Company is considering additional soil geochemistry survey as outlined in the map below.
Gregory Schifrin, CEO said, "We are pleased with results of the orientation survey and the elevated levels of silver in the soil. This indicator, silver associated with gold in the veins, is present in the nearby Hollister mine and perhaps represents leakage along structure at Silver Cloud. This orientation work will provide the basis for a decision to conduct an extensive soil geochem survey of the property."
Blackrock is currently is in the process of evaluating data and selecting drill target sites. Blackrock plans to commence its drilling program in late fall 2018 or the spring of 2019 once it has completed additional surface technical work and interpretation of this data and receives drill permit notification approval. The Blackrock management team is working collectively with consultants to expeditiously advance the Silver Cloud project to drilling.
The technical information related to the property presented in this news release has been reviewed and approved by James G. Baughman SME-RM, a qualified person.
About Blackrock Gold
Blackrock Gold Corp is a discovery driven junior exploration company focused on uncovering the next big economic gold deposit. Anchored by a seasoned Board, the Company is focused on blue-sky opportunities, with an aim to acquire large-scale land packages that are in prolific gold belts within stable jurisdictions.
For further information, please contact:
Gregory L. Schifrin, Chief Executive Officer
Blackrock Gold Corp.
Phone: 1 - 208-290-1180
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains forward looking statements. All statements, other than statements of historical fact, constitute "forward looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.
Forward looking statements are generally identifiable by the use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. These statements, however, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed, implied by or projected in the forward looking information or statements. Important factors that could cause actual results to differ from these forward looking statements include but are not limited to the ability of the Company to attract financing and the general market conditions of the industry in which the Company operates and the other factors discussed in the sections relating to risk factors discussed in the Company's continuous disclosure filings on SEDAR.
There can be no assurance that any forward looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward looking information or statements. Except as required by law, the Company does not intend to revise or update these forward looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.
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