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This Junior Miner Holds the Key to Rebooting Nevada’s Silver Boom with a 100-Million-Ounce Bonanza

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This Junior Miner Holds the Key to Rebooting Nevada’s Silver Boom with a 100-Million-Ounce Bonanza

After more than 90 years since Nevada’s silver boom came to an end, there is still a massive amount of untapped silver waiting to be discovered. And one company, Blackrock Silver Corp (TSX.V: BRC, OTCQB:BKRRF), is bringing new life to the state’s silver mining industry.

With the recent update to their Mineral Resource Estimate (MRE), Blackrock Silver has revealed that their Nevada-based silver project holds over 100 million ounces of silver equivalent, making it the highest-grade undeveloped silver deposit of its size in the world.

But this isn’t just about the potential for a massive silver discovery. Blackrock Silver’s Tonopah West project is located in the famous Tonopah region, which was once one of the largest historic silver districts in North America, producing a total of 174 million ounces of silver and 1.8 million ounces of gold. Now, Blackrock Silver plans to pick up where the old miners left off and tap into the substantial resources that still remain.

Here’s what sets Blackrock Silver’s Tonopah West project apart:

Ideal Location: The Silver State

Nevada, known as the Silver State, is ranked as the world’s most attractive mining jurisdiction. With its rich mining history and favorable regulatory environment, Nevada is the ideal location for Blackrock Silver’s project.

High Grade: Unparalleled Quality

The Tonopah West project boasts the highest-grade undeveloped silver ore of its size in the world. This has been confirmed by S&P Global, making it an incredibly valuable asset for Blackrock Silver.

Large Size: Controlling the Legendary Tonopah District

With an expansive land package covering 4 square miles, Blackrock Silver has gained control over more than half of the legendary Tonopah silver district. This gives the company access to a vast amount of unexplored potential and the ability to significantly expand their resource base.

Easier Permitting: Smooth Regulatory Process

All of the resources at the Tonopah West project are located on private lands with patented claims. This means that the permitting process is likely to be easier and faster, saving time and money for Blackrock Silver.

Infrastructure Savings: Convenient Access to Resources

Being located in Nevada and close to the town of Tonopah provides a unique advantage for Blackrock Silver. Skilled workers and mining equipment are readily available, and the company can save on costs by not having to build camps for workers, divert power lines, or construct access roads.

District Scale Exploration Upside Potential: Tapping into the Unknown

Despite already discovering silver to depths of over 8,800 feet and a distance of 1.8+ miles, Blackrock Silver has only scratched the surface of the Tonopah West project’s mineral resources. There are still large gaps along the mineralized vein system waiting to be explored, offering significant potential for additional discoveries.

With their updated Mineral Resource Estimate, Blackrock Silver’s Tonopah West project now contains over 47 million ounces of silver and 570,000 ounces of gold, totaling more than 100 million ounces of silver equivalent.

The impressive results from Blackrock Silver’s exploration efforts have not gone unnoticed. Their discovery costs have plummeted to a low $0.29 per silver equivalent ounce, showcasing their ability to grow the project quickly and efficiently. The market has also taken notice, with the company’s stock price surging over 35% and trading volume increasing by over 2.5 times since the release of the updated resource estimate.

But it doesn’t end there. The demand for silver is on the rise, outpacing current production levels. Silver is crucial for various industries such as electronics, electric vehicles, medical care, and green energy sectors. This growing demand, coupled with the projected silver shortfall, further solidifies the value and potential of Blackrock Silver’s Tonopah West project.

Blackrock Silver has assembled an impressive team with years of industry experience to drive their mission forward:

  • William (Bill) Howald, Executive Chairman: Former Head of Exploration for Placer Dome Inc. and founder of several successful public companies.
  • Andrew Pollard, President & CEO, Director: Former leading mining industry management consultant and founder of the Mining Recruitment Group Ltd (MRG).
  • Daniel Vickerman, SVP Corporate Development, Director: 25 years of experience in the financial industry, raising over $1 billion for private and listed companies.

Additionally, Blackrock Silver boasts an impressive list of investors, including First Majestic Silver Corp (AG) and billionaire Eric Sprott, further validating the company’s potential and success.

As Blackrock Silver continues to advance the Tonopah West project, including the preparation of a technical report and further exploration drilling, the risks associated with the project will systematically decrease. The potential for further discoveries and the undervaluation of the company’s stock make Blackrock Silver an exciting opportunity for savvy investors looking to profit from the silver market.

While retail investors have already taken notice, larger mining companies will likely have Blackrock Silver on their merger and acquisition radar, as mining M&A activity is projected to accelerate in the coming years.

Blackrock Silver is poised to breathe new life into Nevada’s silver mining industry and meet the increasing global demand for silver. With key pieces falling into place and a team of industry experts leading the charge, the future looks bright for this junior miner.

For more information on Blackrock Silver’s Tonopah West project and to stay updated on their progress, visit their website at blackrocksilver.com or consult with your financial advisor.

Sources:

  1. Nevada Bureau of Mines & Geology
  2. Visual Capitalist
  3. Fraser Institute
  4. S&P Global; Company reports as of December 28, 2022. AgEq resources and grade reflect only silver and gold (M&I and I) resources (excludes base metals) for deposits larger than 40 million ounces AgEq
  5. Blackrock Silver Corporate Presentation
  6. Investing News; Silver Institute’s World Silver Survey 2023
  7. Blackrock Silver Corporate Presentation
  8. Blackrock Silver Corporate Presentation
  9. White & Case
  10. Yahoo Finance
  11. GlobalData

This post was authored by an external contributor and does not represent Benzinga’s opinions and has not been edited for content. This contains sponsored content and is for informational purposes only and not intended to be investing advice.