Blackrock Silver Launches Expansion Drill Program at Tonopah West

The latest update is out from Blackrock Silver ( (TSE:BRC) ).

Blackrock Silver Corp. has initiated an expansion drill program at its Tonopah West project, aiming to extend the DPB resource by 1,200 meters to the east. This follows successful scout drilling that identified significant gold and silver values, suggesting potential for a substantial increase in mineral inventory. The expansion program, fully funded and utilizing advanced drilling techniques, is expected to complete by October, with results anticipated by year-end. This development could significantly enhance Blackrock’s resource estimates and project scale, with updates expected in Q1 2026, potentially impacting the company’s market position and stakeholder value.

The most recent analyst rating on (TSE:BRC) stock is a Buy with a C$1.00 price target. To see the full list of analyst forecasts on Blackrock Silver stock, see the TSE:BRC Stock Forecast page.

Spark’s Take on TSE:BRC Stock

According to Spark, TipRanks’ AI Analyst, TSE:BRC is a Neutral.

Blackrock Silver faces significant financial challenges, with ongoing losses and negative cash flows. However, its minimal debt and positive developments in the Tonopah West project provide some optimism. The technical indicators are neutral, and valuation metrics are unfavorable. Strategic improvements and successful project developments are crucial for future growth.

To see Spark’s full report on TSE:BRC stock, click here.

More about Blackrock Silver

Blackrock Silver Corp. is a mining company focused on the exploration and development of high-grade silver and gold projects. The company operates primarily in the Tonopah West project located in Nye and Esmeralda Counties, Nevada, United States.

Average Trading Volume: 820,925

Technical Sentiment Signal: Buy

Current Market Cap: C$176.8M

For a thorough assessment of BRC stock, go to TipRanks’ Stock Analysis page.