Drilling returned an intercept of 3m grading 10.5 grams per tonne of gold and 1,188g/t of silver along the Merton vein. Drilling has also defined mineralisation over 300m along the Paymaster vein.
"As more high-grade results continue to roll in from our DPB target, this zone is now really starting to take shape, highlighting significant resource potential. Drilling continues to confirm our geologic model, and as we're now establishing continuity and mineralisation of the many tightly-spaced veins in this corridor, all of which remain open, we're putting together an extremely aggressive plan that will see us fast-track to deliver an initial resource estimate before the end of 2021," said Blackrock Gold president and CEO Andrew Pollard.
Shares in Blackrock Gold are trading at C67c, valuing the company at $72 million.