Sierra Nevada Gold

SNX Prepares to Drill Silver Targets at Blackhawk Epithermal Project, Nevada

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).

Figure 1: Oblique view looking north of the Blackhawk Epithermal Project with a 3.5km by 2.5km field of view. The Blackhawk Porphyry project is situated in the foreground with the epithermal system being partially coincident with the porphyry system’s surface expression.3

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)
Gold nuggets and scales with "Weekly Editor's Picks" text overlay.

Editor's Picks: Gold and Silver Prices Stay Steady, Barrick Faces Breakup Rumors

The gold price remained fairly steady this week after last week's brief uptick, largely trading between US$4,000 and US$4,100 per ounce during the period. Silver was more volatile, jumping briefly above the US$52 per ounce level. The precious metals faced some pressure on Thursday (November 20)... Keep Reading...
Gold coin stamped with the word "approved" on a document.

Brightstar Resources Receives Court Approval to Acquire Aurumin

Brightstar Resources (ASX:BTR) said on Thursday (November 20) that the Supreme Court of Western Australia has approved its scheme of arrangement to acquire gold-focused Aurumin (ASX:AUN).The companies first announced merger discussions toward the end of June, saying that a deal would consolidate... Keep Reading...
Joe Cavatoni, gold bars.

Joe Cavatoni: Gold's Key Driver Now, Plus 2026 Catalysts to Watch

Joe Cavatoni, senior market strategist, Americas, at the World Gold Council, looks back on gold's performance in 2025 and forward to what could be coming in 2026. In his view, risk and uncertainty are key gold drivers that are likely to stay in place next year. Don’t forget to follow us... Keep Reading...
Panther Metals PLC (LSE:PALM)

Winston Tailings Project: Mineral Resource Drilling

Platinum Diamond Drilling Appointed for Mineral Resource Programme

Panther Metals Plc (LSE: PALM), the exploration company focused on mineral projects in Canada, is pleased to announce that Platinum Diamond Drilling Inc. ("Platinum") has been contracted to undertake the Mineral Resource focussed drilling programme at the Winston Tailings Project in Ontario,... Keep Reading...
Metals One (AIM: MET1)

Admission to Trading on the OTCQB Venture Market in the United States

Metals One (AIM: MET1), a critical and precious metals early-stage project developer and investor, is pleased to announce its Ordinary shares have been approved to trade on the OTCQB Venture Market ("OTCQB") in the United States and commenced trading on OTCQB on 10 November 2025 under the symbol... Keep Reading...

Latest Press Releases

Related News