Blackrock Gold, TSXV:BRC OTC:BKRRF

1 year 3 days ago #123269 by davplan
davplan replied the topic: Blackrock Gold, TSXV:BRC OTC:BKRRF
I'm delighted you've done this Gambler. I've been building a position in Blackrock and in addition to Ron one of my other newsletters has recommended BRC. I have low bids in hoping to pick up on a small sell off. I have a cushion from a gain as was buying it a few months ago. I like to build positions gradually so I can take advantage of weakness and volatility. Thanks for the reminder of reasons to own this stock that you posted. Good luck all and keep sharing your ideas and thoughts.

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1 year 3 days ago #123266 by Gambler
Gambler created the topic: Blackrock Gold, TSXV:BRC OTC:BKRRF
I asked RonS if I could use some of his report to start a topic. I like this one and bought some, so another ace in my hand.


new management recently took control of company

strong insider buying

low-sulphidation epithermal gold&silver property on prolific Nevada gold belt

little exploration since 2002

no follow up work despite high grade drill intercepts (157 g/t over 1.5m)

financing completed and exploration programs underway

first targeted drill program to commence by Fall to follow up high grade intercepts by Teck and Placer

The Silver Cloud property is a large, 4,537 hectare (11,210 acre) claim block, strategically located near the confluence of the Carlin Trend and the Northern Nevada Rift within north-central Nevada, the richest gold mining area in North America. The property is located 8 km (5 miles) west of the Hollister mine which has a Measured and Indicated Resource of 0.43 Mt @ 16.6 g/t gold. Hecla’s Midas Mine lies a short 20 km (12.5 miles) along strike of the Rift to the north of Silver Cloud and has a Measured and Indicated Resource of 1.11Mt @ 12.9 g/t gold (for 419,000 oz Au).

Near the end of June BRC identified a new vein system in the northeastern portion of the Silver Cloud property, noted above in top right. The east-west banded vein was found by mapping an area with highly elevated silver (up to 7.4 grams per tonne (g/t) silver), arsenic (up to 94.5 parts per million (ppm) arsenic), lead (up to 39.8 ppm lead) and zinc (133 ppm zinc). These values were returned from the company's recently collected soil samples.

At the Silver Cloud mine, located approximately five kilometres to the south of the newly discovered vein, the high-grade gold drill intercepts (1.5 metres grading 157.7 g/t gold and 12.2 metres grading 5.53 g/t gold, including 1.5 metres grading 12.5 g/t gold and 1.5 metres grading 12.5 g/t gold) were encountered at elevations similar to the Midas and Hollister mines.

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