Initiating Coverage
We are initiating coverage on Blackrock Gold Corp. (TSXV:BRC). We firmly believe that the company has caught a tiger by the tail with its option to earn into 100% of the Tonopah West Ag-Au property in SW Nevada as thus far it has only released confirmation drill results from one hole in the Murray Vein at the Victor target with multiple more completed and at the lab awaiting assay. An additional ten holes are being drilled into three other veins previously mined as well, including the Bermuda, Paymaster and Denver veins. Plus, the potential to discover new veins at depth – as was the case in the very first drill hole – bodes extremely well for the company. Lastly, Blackrock is also earning into a 100% interest in the Silver Cloud Au property located just west of the Hollister mine where the Carlin trend meets with the Northern Nevada Rift – the richest gold camp in North America.
