
June 17, 2024
Previous drilling at Blackhawk returned up to 1,270 g/t Ag (BHD006) beneath the historic Endowment Mine, previous rock chip sampling returned +1% silver from the Morning Star Mine1
Sierra Nevada Gold (ASX: SNX) is pleased to announce it is preparing a drilling program to follow up drill hole BHD006 which returned results including 0.5m at 1,270 g/t Ag and 1m at 823g/t Ag at Endowment Mine, part of its Blackhawk Epithermal project in Nevada, USA.1
Highlights
- SNX plans seven-hole 1,500m reverse circulation (RC) drill program to follow up on drillhole BHD006, which was drilled beneath the historic Endowment Mine.
- High-grade silver intercepts are associated with very high-grade lead-zinc (see table 1), demonstrating potential for extremely high value ore at Blackhawk Epithermal Project.
- SNX’s geological team will initiate a field program to complete geological mapping, soil geochemistry surveys and rock chip sampling on vein target areas, to further refine drill targets in preparation for drilling in the third quarter of 2024.
- Underground 3D scanning survey of accessible historic workings at the Endowment Mine will map extent and location of historic workings to accurately target planned drill holes following up on drill hole BHD006.
- SNX will initiate a focused, 100m dipole-spaced Induced Polarization (IP) geophysics survey over preferred portions of the vein field to assist with drill hole targeting.
- Blackhawk epithermal project has potential for a significant silver discovery, with 22.5- line kilometres of high-grade silver-gold-lead-zinc veins identified1.
- SNX completed a $2.6 million capital raising in May 2024 to advance exploration at Blackhawk epithermal project.2
- It has commenced a strategic review to progress full or partial asset sales or joint venture partnerships over remaining copper, gold and silver assets in Nevada, USA.
SNX Executive Chairman Peter Moore said “We were encouraged by the strong support for our recent $2.6 million share placement and proceeds from this will allow the company to accelerate our exploration program at Blackhawk as we look to uncover its potential to be a significant silver discovery. We have several activities planned to ensure our drill targets are well defined ahead of mobilising a rig to site in Q3 2024 to follow up these exciting earlier silver results.”
SNX has identified a large and high-grade intermediate sulphidation polymetallic epithermal Ag-Au-Pb-Zn vein system at Blackhawk, which is related to a large porphyry system. Partially coincident with, and located north of the Blackhawk Porphyry system, the vein field covers about 5km2 and is open under cover to the north and northeast, with 22.5-line km of veins identified to date (see figures 1 & 2).

SNX’s geological team will initiate a field program to complete geological mapping, soil geochemistry surveys and rock chip sampling on mapped vein target areas, to further refine drill targets in preparation for drilling. A program of seven reverse circulation (RC) holes is planned for 1500m in the third quarter of 2024 to follow up the result of 1,270 g/t Ag hit in BHD006 drilled in 2017.
Click here for the full ASX Release
This article includes content from Sierra Nevada Gold, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
The Conversation (0)
2h
LaFleur Minerals is On Track to Become Near-Term Gold Producer
LaFleur Minerals (CSE:LFLR,OTCQB:LFLRF) is the subject of a recent on-site video feature by Maximus Strategic Consulting Inc., owner and operator of Pinnacle Digest. The video provides a look at the company's two flagship assets near Val-d'Or, Québec, the Beacon Gold Mill and Swanson Gold... Keep Reading...
20h
Top 5 Australian Mining Stocks This Week: Dateline Resources Gains 67 Percent on DoJ Backing
Welcome to the Investing News Network's weekly round-up of the top-performing mining stocks on the ASX.This week's top five gainers includes companies focused on gold, rare earths, copper and more.Read on to discover this week's top gaining Australian mining stocks on the ASX and what drove... Keep Reading...
01 October
Peruvian Metals Announces Third Quarter Production at the Aguila Norte Processing Plant and Provides Sampling Update from the Tailings Area
Peruvian Metals Corp (TSXV: PER,OTC:DUVNF) (OTCQB: DUVNF) ("Peruvian Metals" or the "Company") announces third quarter production results and the start of a detailed auger drilling program on the tailings area at its 80-per-cent-owned Aguila Norte processing plant ("Aguila Norte" or the "Plant")... Keep Reading...
30 September
Kevin Smith: Gold Run Still Early, Two Paths to US$20,000 Price Target
Kevin Smith, CEO of Crescat Capital, shares his outlook for gold, including two paths it can take to reach his US$20,000 per ounce price target. He also explains why junior miners represent the biggest chance for gains. Don’t forget to follow us @INN_Resource for real-time updates!Securities... Keep Reading...
28 September
Producing Gold Now, Share Price Re-Rate Ahead? | New Found Gold's Keith Boyle
Keith Boyle of New Found Gold (TSX:NFGC,NYSEAMERICAN:NFGC) shares his thoughts on the gold market and weighs in on the company's phased approach to bringing its Newfoundland-based Hammerdown and Queensway gold assets online. "I think we're in that consolidation phase before the next leg up, and... Keep Reading...
28 September
Gold Outlook Strong, First Pour at Koné in Q4 | Montage Gold's Martino de Ciccio
Martino de Ciccio of Montage Gold (TSX:MAU,OTCQX:MAUTF) shares his thoughts on the gold market as his company prepares to pour first gold at its Koné mine in Côte d'Ivoire. "I couldn't think of a better time to be entering production than than now," he said. Don’t forget to follow us... Keep Reading...
Latest News
Interactive Chart
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00





