Blackrock Swings for the Fences at Silver Cloud
I first talked about Blackrock in March of last year. They had done a deal with Carl Pescio on what they call the Silver Cloud gold project. The project is next to the high-grade Hollister Gold Mine and near the high-grade Midas mine in Northern Nevada.
The district is well known for bonanza grade intercepts in vein systems. 8,000 meters of prior drilling fifteen years ago by both Teck and Placer Dome generated intercepts of 1.5 meters of 157 g/t gold and 12 meters of 5.5 g/t Au but were never followed up with.
Blackrock applied for and received permits for a 2,000-meter drill program starting a month from now. A drill ready anomaly was discovered only this summer by both geophysics and geochemical testing with surface vein outcropping at surface on the 40 square kilometer project.
New technical work suggests a 2 km strike potential with primary orientation running East/West rather than the North/South direction suggested by historic drilling.
An indication of the interest in participation in the recent placement at $.16 for $150,000 from Carl Pescio himself should show potential investors the level of confidence the claim owner feels about both Blackrock and the pending drill program.
The million dollars being raised will fund the planned exploration program and Blackrock has about $2.5 million in warrants priced between $.10 and $.20 so any indication of success should generate the money for a follow-up program.
Blackrock is an advertiser. I am participating in the current pp. I did participate in the last pp and I’d love to be able to exercise my warrants. Naturally that makes me somewhat biased. Do your own due diligence.
Blackrock Gold Corp