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Blackrock Silver Announces Commencement of Drilling by Tearlach Resources on Its Tonopah North Lithium Project; Bulk Sample Planned in Q2
Vancouver, British Columbia--(Newsfile Corp. - February 21, 2023) - Blackrock Silver Corp. (TSXV:...
About this update from Blackrock Silver Corp
[{"type":"text","content":"Blackrock Silver Announces Commencement of Drilling by Tearlach Resources on Its Tonopah North Lithium Project; Bulk Sample Planned in Q2Vancouver, British Columbia--(Newsfile Corp. - February 21, 2023) - Blackrock Silver Corp. (TSXV: BRC) (the \"Company\" or \"Blackrock\") is pleased to announce that drilling by Tearlach Resources Ltd. has commenced on our Tonopah North lithium project. The Tonopah North Lithium project (\"Gabriel\") is situated in West Central Nevada along the emerging Tonopah lithium belt, bordering American Lithium's TLC deposit. On January 10, 2023, the Company announced it had entered into an option agreement (the \"Option Agreement\") with Tearlach Resources Limited and its wholly-owned Nevada subsidiary, Pan Am Lithium (Nevada) Corp. (together, \"Tearlach\"). Tearlach has been granted the option to acquire, in two stages, up to a 70% interest in the lithium minerals in certain unpatented mining claims forming a portion of the Company's Tonopah North project (the \"Tonopah North Project\") in Esmeralda County and Nye County, Nevada. Upon incurring exploration expenditures of US$5,000,000 within three years, Tearlach will have earned a 51% interest in the Tonopah North Lithium Project, and upon incurring cumulative exploration expenditures of US$15,000,000 and completion of a Feasibility study within 5 years, Tearlach will have earned a 70% interest. Tearlach has the exploration rights from surface to 200 metres (650 feet) below the topographic surface to explore for lithium. Blackrock retains the rights to all other minerals including gold and silver within the joint venture.This phase-1 core drill program has been designed by Tearlach to confirm lithium mineralization discovered by Blackrock (see October 25, 2022, news release) in addition to significant step-out drillholes targeting prospective locations throughout the property. A one to two ton bulk sample is planned by Tearlach for Q2, 2023, with the aim of fast tracking pilot plant design. Material from mineralized intervals will also be concurrently utilized for initial metallurgical testing.Tearlach reports the following project highlights:Core drilling 3,000 metres across 19 planned drillholes;Concurrent bulk sampling and metallurgical testing;Mapping and targeting for an expanded phase 2 drill program;Establishing the scale and order of magnitude...