New High-Grade Zone 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 demonstrate continuity of high-grade mineralization at both the DPB and Victor targets; initial infill drill results validate the Company's understanding of the structural orientation of the vein system at DPB, highlighting world-class potential for this deposit as the Company works towards delivery of a maiden resource estimate during Q4, 2021.

TXC21-006 cut 21.86 grams per tonne (g/t) gold and 1,355 g/t silver or 3,542 g/t silver equivalent (AgEq) over 0.9 meters (m) within 3.5m of 7.2 g/t gold and 510 g/t silver or 1,239 g/t AgEq on the Bermuda vein (AgEq=silver: gold ratio 100:1). The TW21-076 intersected 4.6m of 5.372 g/t gold and 22.9 g/t silver or 560.1 g/t AgEq within 12.2m of 2.5 g/t gold and 14.9 g/t silver or 268.7 g/t AgEq highlighting a gold dominant area of the Merton vein. Drilling to date has revealed that the thickest veins in the Tonopah silver district appear to be associated with the Pittsburgh-Monarch fault system. Assays from TW21-80, testing the Ohio vein on the east side of this zone, are pending. Drill targeting is currently underway with 1.3 kilometers of this fault zone yet to be explored; and 34,000m of core and RC drilling has been completed in 2021, with 60% of the resource definition program at DPB now complete.

"As initial drill results roll in from our resource definition program at DPB, we're excited to have encountered a new bonanza-grade zone on the Bermuda vein, which has given us the highest-grade core intercept to date across the entire project," said, Andrew Pollard, President & CEO. "This represents a completely new high-grade zone, one that is much shallower than previous intercepts, and gives us additional meat to chew on as we continue on our resource definition program. With six veins within the scope of our maiden resource estimate at DPB, continuity of the high-grade mineralization is rapidly being established, and with sixty percent of the definition program now complete, we are well on track to have it finalized during the fourth quarter.

As our understanding of the project evolves, new targets continue to be generated. Step out drilling over 1.8 kilometers to the northwest of DPB cut potentially significant geologic lithologies, with follow-up work on this new target area already underway. In addition, the significance of the large Pittsburgh-Monarch fault system that traverses our property has become very evident as drilling has confirmed that the thickest-veins in the district are situated in close proximity to this zone. As we await assays from drillhole TW21-080 that targeted the Ohio vein, on the east side of the fault, we have up to 1.3 kilometers of blue-sky potential to drill test along the same system with targeting already in progress.”