Blackrock Gold

Gold Exploration in the Nevada Desert

This profile is part of a paid investor education campaign.*

Overview

Blackrock Gold Corp. (TSXV:BRC, OTC:BKRRF, FRANKFURT:AHZ) is a mid-sized junior exploration company with three properties in North America. The company’s flagship property, the Silver Cloud project, occupies a highly-profitable region of Nevada, US, despite being itself relatively unexplored. Blackrock Gold is currently conducting a data review and permitting for the Silver Cloud project, and  drilling is expected to begin by September, 2018.

All three properties benefit from being located in the safe and stable jurisdiction of North America. Strong infrastructure and proximity to local municipalities support the Silver Cloud project in Nevada and both the Moore and D.D. Mineral projects in British Columbia, Canada.

The company benefits from significant investment by PI Financial Canaccord and is currently seeking to increase share value by acquiring necessary drill-permits and expanding its project portfolio, prioritizing mid-sized operations with a clear path to a steady cash flow.

Company Highlights

  • Drilling at the Silver Cloud property expected to begin in late 2018
  • Silver Cloud project benefits from previous drilling done by Teck Resources and Placer Dome
  • Strong infrastructure
  • Extremely capable management team with diverse strengths

Flagship: The Silver Cloud project

Located in what some call the richest gold mining region in North America, Blackrock’s Silver Cloud project is 4,537 hectare property located in north-central Nevada near the Carlin Trend and the Northern Nevada Rift.

The project is eight kilometers west of Hecla Mines’ (TSX:KDX) Hollister mine, a project with measured and indicated reserves of 208,000 ounces of gold and inferred resources of 74,000 ounces of gold. 20 kilometers north,Hecla’s  Midas Mine has measured and indicated reserves of 419,000 ounces gold and inferred reserves of 203,000 ounces of gold.

Project history

The project was initially leased to Teck Resources  and first drilled between 1999-2001. During that time, over 4,000 meters of drilling were completed across 10 holes, uncovering 145 g/t gold over 1.5 meters in the sheared volcanics beneath the Silver Cloud mine.

In 2002, Teck entered a joint venture agreement with Placer Dome, who conducted an additional 3,832 meters of drilling occurred over 11 holes. The highest-grade intercepts were taken in the Northwest Canyon target area which lies west-northwest of the Silver Cloud mine area and included grades of 5.53 g/t gold over 12 meters.

Geology

The Silver Cloud project’s main gold and silver targets are Midas-Hollister style, volcanic epithermal low-sulfidation vein and disseminated deposits. Mineralization appears to occur in areas either near or along fault zones and are either close to or beneath siliceous “sinter” hot spring deposits which occur in close proximity to the paleozoic sediment along the Midas-Silver Cloud trend, part of the greater Northern Nevada Rift.

The Silver Cloud mine shares its low-sulphidation epithermal gold-silver banded vein deposits with the Midas and Hollister mines owned byHecla Mines. Though promising, drill-results from the aforementioned limited drill program by Teck Resources in the early 2000s were not followed up on. Further, the property the Silver Cloud project is located on has not been extensively drill tested, despite extensive mercury-bearing silica sinters found on the property’s surface.

Board of Directors

Hendrik Van Alphen—Director

Hendrik Van Alphen has over 30 years of experience in the mining industry. He has been a key player in such companies as Corriente Resources, Cardero Resources, Trevali Mining, Balmoral Resources and International Tower Hill Mines. During his career he has been involved in raising over $1 billion in financing for various junior resource companies. He has been president and CEO of Wealth Minerals Ltd. since 2005.

Alan Carter—Director

Alan Carter has 30 years of experience in the mining and minerals exploration industry. He spent seven years working for Rio Tinto Corp in South America and the United Kingdom, and in 1996, he became president and CEO of Balaclava Mines. He joined Billiton Plc in 1998 and in 2000 moved from Lima, Peru, to Vancouver. Following the merger of Billiton with BHP, he assumed the role of manager, business development, within the BHP Billiton Exploration Group, and was the chief operating officer of Peregrine Diamonds Ltd from mid-2004 to late 2006. He was President and CEO of Magellan Minerals Ltd, until its recent sale to Anfield Gold Corp in May 2016.  He is a director of Peregrine Diamonds Ltd, and Anfield Gold Corp. He has a BSc in Geology from the University of Nottingham, U.K. and a PhD in gold geochemistry and structural geology from the University of Southampton, UK.

John Seaberg—Director

John Seaberg most recently served as Senior Vice-President, Strategic Relations for Klondex Mines Ltd. (“Klondex”) from 2015 to 2018, when Klondex was purchased by Hecla Mining. At Klondex, Mr. Seaberg was responsible for global investor relations and corporate development initiatives as a member of the senior executive team. He was previously employed for more than 10 years by Newmont Mining, a Fortune 500 company based in Denver, Colorado, where he most recently held the position of Vice-President, Investor Relations.

Catalin Kilofliski—Director

Catalin Kilofliski is the CEO of Canarc Resources Corporation being responsible for the overall operations and direction of the company. Catalin is a professional economist with 20 years of experience in business development, mergers and acquisitions, corporate finance, communications, governance and sustainability in Canada, US, Europe and Asia. He has been instrumental in raising over CA$200 million in joint venture, equity and debt financings for mineral resource projects since 2010.

Management

Andrew Pollard—CEO & Director

For nearly fifteen years, Andrew Pollard has established himself as a sought-after management consultant within the mining industry. Mr. Pollard founded the Mining Recruitment Group Ltd (MRG) in 2006 and has amassed a “Who’s Who” network in the mining & finance world, leveraging his personal relationships to help shape what have become some of the most prominent and successful resource companies. In a sector where management is crucial, he has served as a trusted advisor to exploration companies and producers ranging in size from seed round through to over $100 billion in market capitalization.

Brian Morris—President Blackrock Gold (US) Corp. 

Prior to joining Blackrock US, Brian Morris served as the Senior Vice President of Exploration at Klondex Mines, Ltd. and held management positions with Newmont Mining Corp, Hecla Mining and Great Basin Gold, Ltd.

Mr. Morris has lived and explored in various capacities in Nevada for more than 20 years and is well acquainted with the Northern Nevada Rift, which is known for hosting low sulphidation, epithermal gold systems. This type of system is believed to represent at the Company’s flagship asset, the Silver Cloud Project, located along the Northern Nevada Rift alongside Hecla’s Hollister and Midas Mines.

Mr. Morris is an expert in epithermal vein systems, Carlin style deposits and has extensive experience in orogenic deposits in Ontario and Manitoba, Canada. He has a proven track record in early and advanced stage exploration in addition to advancing near mine projects into production. He demonstrates a comprehensive understanding of the steps necessary to build strong teams, advance public companies and deliver long term value for shareholders.

Kevin Strong—Chief Financial Officer

Kevin Strong is experienced in the areas of finance, accounting, human resources, business planning, business development, compliance and governance. Mr. Strong has a Bachelor of Commerce (Honours) degree and has a CPA, CGA designation as well as a Canadian Investment Manager designation.

From 2008 to 2015, Kevin was the Chief Financial Officer, Vice President of Administration and Corporate Secretary of Belgravia Capital International Inc. (formerly IC Potash Corp.) and rejoined Belgravia in 2016 as its CFO. From 2015 to 2017, Kevin was a Controller in the insurance industry. Prior to that, Kevin was the CFO of several other public and private companies in the resource and agricultural technology sectors. For 8 years prior to that, Kevin was the regional manager for the TSX Venture Exchange responsible for Manitoba and Saskatchewan.

Amit Kumar—Corporate Secretary

Amit Kumar, M.Sc. (Geology), has more than 8 years experience working as a Geologist and Project Manager. He is a young enthusiastic and highly-organized professional with proven corporate management skills and initiative. As a project manager; he had successfully organized and supervised two drilling programs for the company in British Columbia (2009- 2011). He was responsible for project initiation, planning, execution, delivery, and close out.


 

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