Blackrock Silver Corp (TSXV: BRC) has exercised its option to fully acquire Tonopah West, confirming its position in the high-grade silver sector.

Tonopah West Acquisition Completed

Blackrock Silver Corp announces the acquisition of a 100% interest in Tonopah West, following an option agreement with Nevada Select Royalty. This milestone marks a significant phase in cementing Tonopah West as a top global silver discovery, boasting extensive mineral rights over 1,380 acres in Nevada’s historic silver district.

Advancement and Investment

Under Andrew Pollard’s leadership, the company aims to de-risk and enhance Tonopah West through comprehensive studies. A total of US$3 million was paid over four years to secure this acquisition, ensuring full ownership and the continuation of project advancements.

Strategic Royalty Agreement

A net smelter returns royalty agreement with Nevada Select Royalty ensures a 3.0% return from mined metals, reinforcing the project’s financial structure. The addition of 64 unpatented claims expands Tonopah West’s potential, adding to its strategic value.

About Blackrock Silver Corp

Focused on precious metal exploration in Nevada, Blackrock aims to drive shareholder value through significant silver and gold projects. With a portfolio that includes the Silver Cloud discovery and a lithium project, the company showcases a dynamic approach to mineral exploration.

Disclaimer:
The content presented on this page has not been manually verified by our team. While we strive to ensure accuracy, we cannot guarantee the validity, completeness, or timeliness of the information provided. Always consult with appropriate professionals or sources before making any decisions based on this content.

Click here for more Company News