Drill Results From The Silver Cloud Project

VANCOUVER - Blackrock Silver Corp. reported gold and silver drill intercepts from its 2020 winter drill program on its 100% controlled Silver Cloud project located along the Northern Nevada Rift in North Central Nevada.  Highlights: At the Northwest Canyon Target drillhole SBR20-007 intersected a significant amount of gold mineralization suggesting the east-west zone continues but the high-grade portion may be off set along a NNW to NS fault; Drillholes in the NE Veins target were unable to reach the desired lithologies, which aimed to target the volcanic-sediment unconformity, though due to a thicker than modeled volcanic rock package and limited range on the track RC drill, ultimately the Hollister-type target was left untested; and Significant gold mineralization was encountered in the Quiver target which requires and warrants additional follow up drilling.

Twelve reverse circulation drillholes were completed in Blackrock Silver's Silver Cloud project between November 10th and December 19, 2020. A total of 3,774 meters (12,381 feet) was drilled within three main targets on the Company's claim block in the historical Silver Cloud Mercury District. A Boart Longyear track reverse circulation drill rig was utilized. This drill program was designed to test multiple target areas through the 45 square kilometer project including Northwest Canyon, Northeast Veins area that lays directly adjacent to Hecla's Hollister Mine (Ag, Au), and the Quiver area in the northwest portion of the project area. Targets consisted mainly of testing surface exposures of banded chalcedony veins. These veins have never been drill tested before.

The 1650 meter RL (5,500-foot elevation) was the main target horizon because that horizon hosts high-grade ore shoots at the Midas and Hollister mines of which Silver Cloud is on-trend. Other targets were geophysical gravity anomalies that were defined in early 2020.

Andrew Pollard, President & CEO, "The purpose of this program was to test primarily new prospective areas throughout this expansive, target-rich property, with the aim to provide us with the crucial data to refine a focused campaign on prioritized areas. The bulk of this drill program was designed to target the newly delineated NE Veins area of the property that sits directly adjacent to Hecla's Hollister vein system, where 8 veins had been mapped outcropping at surface, atop a large geophysical and geochem anomaly. Drilling revealed the volcanic rock package in this previously undrilled area was significantly thicker than modeled, and due to the limited range of the track-mounted RC rig, we were unable to hit the targeted structures within the sediment rocks beneath the volcanics. This area remains highly prospective and has yet to be truly tested. At our Quiver target, the Company is extremely encouraged by the wide swaths of good grade gold encountered along the eastern margin of what is projected to be the Silver Cloud graben, that shares many similar structural characteristics of the nearby Midas mine, of which this area lines up directly on trend. The recent discovery announced by Hecla on their Green Racer Sinter."