High Grade Intercepts At the Tonopah West Project

VANCOUVER - Blackrock Silver Corp. reported new high-grade silver and gold drill intercepts from its core and RC drilling program on the 100% controlled Tonopah West project located in the Walker Lane trend of Western Nevada. These new results continue to demonstrate continuity of high-grade mineralization at both the DPB and Victor targets; additional in-fill drill results highlight potential for this deposit as the Company works towards delivery of a maiden resource estimate.

Highlights: Six +1-kilogram/ tonne silver equivalent (AgEq) intercepts reported across both the DPB and Victor target areas; Denver vein returned 7.4 meters grading 2.0 g/t Au and 181 g/t Ag or 381 g/t AgEq including 1.5 meters grading 5.5 g/t Au and 487 g/t Ag or 1,034 g/t AgEq in TXC21-017 (AgEq=silver: gold ratio 100:1), and TXC21-016 returned 3.3 meters grading 2.25 g/t Au and 223 g/t Ag or 448 g/t AgEq including 0.5 meters yielding 1,046 g/t AgEq (5.52 g/t Au and 494 g/t Ag) from the Denver vein; Drilling on the Victor vein returned three +1-kilogram intercepts. Drillhole TW21-085 returned 1.6 meters grading 1,289 g/t AgEq (7.22 g/t Au and 577 g/t Ag); TW21-097C cut 6.5 meters yielding 456 g/t AgEq (1.94 g/t Au and 261.3 g/t Ag) including 1.6 meters grading 1,181 g/t AgEq (5.26 g/t Au and 655 g/t Ag) and another intercept returning 8.1 meters grading 300 g/t AgEq (1.07 g/t Au and 192.9 g/t Ag); and The Victor/Murray vein also returned 1.7 meters grading 1,053 g/t AgEq (3.93 Au and 660 g/t Ag) in the Victor target.

Mine Development Associates have been engaged for delivering a maiden resource estimate on the DPB target at Tonopah West; and The DPB in-fill drill program is on track for completion at the end of this month. Assays for 32 drillholes are currently pending.

"The many high-grade intercepts reported are precisely what we want to be seeing as in-fill drilling ties together continuity of the substantial footprint of silver and gold mineralization we've encountered throughout the target area, which now evidences significant size potential," said, Andrew Pollard, President & CEO. "As we near the completion of the resource definition program in support of our maiden mineral resource estimate at DPB, Mine Development Associates have been engaged to commence work on the study. With 84,000 meters of continuous drilling completed in just over one year, Tonopah West has become the most active silver exploration project in North America. Four drills are turning at the project, and with assays for 32 completed drillholes pending, we look forward to a very active fall season with continuous drill results expected that shall form the basis for our maiden resource estimate due out by the first quarter of 2022. Drilling at Victor continues to define significant upside at the project, over and beyond what will be included within our maiden resource, highlighting clear standalone potential for this target area.”