FORWARD LOOKING STATEMENTS

This presentation contains “forward-looking statements” within the meaning of Canadian securities legislation. Such forward-looking
statements concern the Company’s strategic plans, completion and exercise of the Tonopah option agreement, timing and expectations
for the Company’s exploration and drilling programs, estimates of mineralization from historic drilling, geological information projected
from historic sampling results and the potential quantities and grades of the target zones. Such forward-looking statements or
information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among
other things: conditions in general economic and financial markets; accuracy of historic assay results; geological interpretations from
drilling results, timing and amount of capital expenditures; performance of available laboratory and other related services; future
operating costs; and the historical basis for current estimates of potential quantities and grades of target zones. The actual results could
differ materially from those anticipated in these forward-looking statements as a result of the risk factors including: the ability of the
Company to complete the Tonopah lease option, the timing and content of work programs; results of exploration activities and
development of mineral properties; the interpretation and uncertainties of historic mineral estimates,and other geological data; receipt,
maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project costs overruns or
unanticipated costs and expenses; availability of funds; failure to delineate potential quantities and grades of the target zones based on
historical data, and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of
the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements,
although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place
undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company
undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and
opinions or other circumstances should change, except as otherwise required by applicable law.

William C. Howald, Certified Professional Geologist, has reviewed and approved the contents of this Presentation.

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STOCK INFO
TSX-V: BRC | OTC: BKRRF | FSE: AHZ

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LEADERSHIP
Bill Howald
Executive Chairman
William (Bill) Howald is a
successful entrepreneur who
founded several public
companies as well as led the
exploration division of a major
mining company. To date, Bill
has raised approximately $300
million in project financing.
Prior to creating junior mining
companies, he was General
Manager of Exploration,
United States and Latin
America, for Placer Dome Inc.
During his tenure at Placer
Dome, Mr. Howald was an
integral part of the teams that
delivered over 100Mozs of
gold resources where he also
oversaw the last systematic
drilling campaign done on
Silver Cloud. He is a Certified
Professional Geologist, and a
Qualified Person as defined by
NI 43-101.
BLACKROCKGOLD.CA | TSX-V: BRC | OTC: BKRRF | FSE: AHZ
Andrew Pollard
President & CEO, Director
For nearly fifteen years, Andrew
Pollard has established himself as
a sought-after management
consultant within the mining
industry. Mr. Pollard founded the
Mining Recruitment Group Ltd
(MRG) in 2006 and has amassed a
“Who’s Who” network in the mining
& finance world, leveraging his
personal relationships
to help shape what have become
some of the most prominent and
successful resource companies. In
a sector where management is
crucial, he has served as a trusted
advisor to exploration companies
and producers ranging in size from
seed round through to over
$100 billion in market
capitalization.
David Laing
Director
David Laing is a mining engineer
with 40 years of experience in the
industry. He is an independent
mining executive. David was
formerly the COO of Equinox
Gold, with gold projects in Brazil
and California, COO of True Gold
Mining which developed a gold
heap leaching operation in
Burkina Faso, and COO and EVP
of Quintana Resources Capital, a
base metals streaming company.
David was also one of the
founding executives of Endeavour
Mining, a gold producer in West
Africa.
Prior to these recent roles, David
held senior positions in mining
investment banking and debt
advisory at Endeavour Financial,
and Standard Bank in New York.
Mr. Laing currently serves as
Independent Director of Fortuna
Silver Mines Inc., Northern
Dynasty Minerals Ltd, and Aton
Resources Inc. He also serves as
an Advisor to Endeavour Financial
Ltd.
Tony Wood
Director
Tony Wood currently serves as Chief
Financial Officer of Aurania
Resources Inc. Mr. Wood’s executive
experience includes oversight of
finance and operations of various
publicly-traded exploration,
development, and production staged
resource companies. Over the last
20 years, he has successfully
completed close to $1billion in
financing and M&A transactions in
the mining industry. Mr. Wood has a
proven record of success with
strategic planning, organizational
development, and company
transformations. He has been
instrumental in achieving
performance and value growth
across diverse commodities,
countries and market conditions.
Mr. Wood is an honours graduate,
Management Sciences (Marketing)
B.Sc. from the University of
Lancaster, U.K., and a qualified
Chartered Accountant in the UK and
Canada.
John Seaberg
Director
Mr. Seaberg was Senior Vice
President, Strategic Relations for
Klondex Mines, Ltd. from 2015 to
2018. Klondex, a junior-tier gold and
silver mining company focused on
exploration, development, and
production in Nevada, USA, and
Manitoba, Canada, was recently
acquired by Hecla Mining Company. At
Klondex, John was responsible for
global investor relations and
corporate development initiatives as
an acting member of the senior
executive team. Prior to Klondex, he
was employed for more than 10 years
by Newmont Mining Corporation, a
Fortune 500 company based in
Denver, Colorado and the world’s
second largest gold producer, where
he last held the position of Vice
President, Investor Relations. John has
an MBA from the University of Denver,
Colorado.
JULY 2020 | 4
Nevada:
• Consistently ranked as one of the top mining jurisdictions in
the world
• Nevada is known as the “Silver State” due to the world-famous
silver discoveries of the Comstock Lode and Tonopah silver
district made in the late 19th and early 20th centuries
• According to the World Gold Council, if Nevada was a country,
it would be the World’s 6th largest gold producer

Tonopah West: 100%

Controlled District Leading
Package
• Western extension of famed Tonopah silver district consisting
of 97 Patented claims & 17 unpatented claims covering ~4.5sq
km (~1,100 acres)
• Control over more than half of what is the second-largest TONOPAH WEST
historic silver district (behind only the Comstock Lode) in
Nevada
• 50 year high-grade production profile that averaged 50g/t
AuEq; 2125g/t AgEq*
• Upside - 2.5 to 6 million tonnes grading between 13g/t to 21g/t *All historic production information from Nevada Bureau of Mines &
Geology, Bulletin 51 Bulletin 92. US short tons have been converted
AuEq to metric tonnes by multiplying short tons by 0.9072 AuEq = (historic
silver production times historic silver price) divided by historic gold

Silver Cloud: 100% Controlled

price) plus historic gold production AgEq = (historic gold production
times historic gold price) divided by historic silver price) plus historic
silver production

• Large land package consisting of 572 mining claims covering ;

45sq km (+12,000 acres)
• Centered on the Northern Nevada Rift adjacent to Hecla’s
Hollister mine
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• LS Epithermal system with multi-million ounce gold potential
TONOPAH SILVER DISTRICT
Second Largest Silver District in Nevada

• Newly consolidated land package consists of 97

patented & 17 unpatented mining claims covering
4.5sq km (1,100 acres); largest claim package in
Tonopah silver district

• One of the largest historic silver districts in North

America, producing 174 mozs Ag, 1.8 mozs Au

• Mined from underground from 1900 to 1950, with peak

years producing up to 450,000oz/ year AuEq; Victor
vein was 24m thick when production ceased

• Multiple targets; Multi-million ounce AuEq potential

All historic production information from Nevada Bureau of

Mines & Geology, Bulletin 51 and Bulletin 92. US short tons
have been converted to metric tonnes by multiplying short
tons by 0.9072 AuEq = (historic silver production times
historic silver price) divided by historic gold price) plus historic
gold production AgEq = (historic gold production times
historic gold price) divided by historic silver price) plus historic
silver production

JULY 2020
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 TONOPAH WEST PROJECT

• Tonopah: A high-grade low sulfidation epithermal district

Ranch hand and part-time prospector Jim
Butler and his trusty mule stumbleonsilver- • Production: ~1.86 Moz Au, 174 Moz Ag from 7.45m tonnes
rich veins near Tonopah Springs in the • Silver Primary District: 100 to 1 Silver/Gold ratio
springof 1900
All historic production information from Nevada Bureau of
• Tonopah West: 1st ever consolidated ownership
Mines & Geology, Bulletin 51 and Bulletin 92. US short tons
have been converted to metric tonnes by multiplying short
tons by 0.9072 AuEq = (historic silver production times
• High Grade: 50 years of historic production averaged
historic silver price) divided by historic gold price) plus
historic gold production AgEq = (historic gold production 2125g/t AgEq; 49g/t AuEq
times historic gold price) divided by historic silver price) plus
historic silver production
• Tailings: Tonopah Extension Mill Tailings and mine dumps
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 All historic production information from Nevada Bureau of Mines & Geology, Bulletin 51 and

TONOPAH DISTRICT GOLD AND SILVER PRODUCTION

Bulletin 92. US short tons have been converted to metric tonnes by multiplying short tons by
0.9072 AuEq = (historic silver production times historic silver price) divided by historic gold
price) plus historic gold production AgEq = (historic gold production times historic gold price)
divided by historic silver price) plus historic silver production
Year Tonnes Gold Ounces Silver Ounces AuEq Ounces AgEq Ounces

Tonopah District Production 1900

1901
0.9
2,303.6 9,774 623,516 26,574 986,275

1900 to 1950 1902

1903
10,234.5
8,231.8
26,463
25,298
2,434,453
2,404,180
83,765
90,433
3,558,723
3,337,947
500,000 10000 1904 20,639.1 18,703 2,115,191 81,300 2,747,181
1905 83,319.1 58,357 5,369,439 228,753 7,208,353
1906 96,810.0 63,114 5,697,928 255,440 7,567,771
1907 195,098.2 57,250 5,330,398 199,669 7,473,124
450,000 1908 248,341.8 78,585 7,172,386 250,001 10,460,548
1909 253,402.7 67,742 7,872,967 269,135 10,521,180
Average Silver Equivalent grade = 2,126 gpt
1910 331,944.5 111,442 10,422,869 390,698 14,582,296
1911 367,613.6 114,479 10,868,268 407,248 15,117,992
400,000
1912 435,837.3 107,219 10,144,987 421,640 13,604,475
1000 1913 522,310.9 126,445 11,563,437 453,628 16,032,315
Gold Equivalent Ounces Produced

1914 482,980.0 128,117 11,388,452 404,584 16,665,955

350,000 1915 469,397.3 107,836 10,171,374 383,229 14,154,194
1916 413,763.6 93,925 8,734,726 413,468 11,302,175
1917 427,383.6 74,481 7,068,737 381,180 8,785,362
300,000 1918 455,627.3 62,300 5,929,920 353,931 7,196,707

Gram per Tonne

1919 244,234.5 37,339 3,568,875 267,678 4,147,406

Metal Grade
1920 352,262.7 51,136 4,816,055 203,675 6,430,547
1921 334,462.7 48,335 4,623,901 197,297 6,124,254
250,000 100 1922 429,877.3 57,053 5,436,080 226,240 7,269,229
1923 338,132.7 53,571 5,176,306 211,385 6,933,435
Average Gold Equivalent grade = 50 gpt
1924 259,733.6 56,216 5,032,043 224,518 6,712,836
1925 179,462.7 33,073 3,070,409 136,015 4,056,864
200,000 1926 115,683.6 21,967 2,052,956 75,505 2,895,297
1927 114,354.5 22,256 2,167,694 83,485 2,955,625
1928 93,735.5 20,079 1,900,315 73,152 2,619,262
150,000 1929 110,406.4 20,059 1,965,595 66,555 2,813,581
1930 104,090.0 19,656 1,931,194 50,518 3,161,183
10 1931 15,030.9 9,583 823,872 24,264 1,361,655
1932 9,640.0 8,791 646,687 16,730 1,362,773
100,000 1933 4,350.9 4,679 400,379 11,324 682,297
1934 10,809.1 6,024 513,032 14,069 897,173
1935 178,827.3 10,708 874,860 25,373 1,513,673
50,000 1936 35,806.4 4,586 5,388 4,656 357,621
1937 107,642.7 11,289 916,513 22,828 1,813,190
1938 17,816.4 9,181 715,266 17,965 1,462,831
1939 17,060.9 6,925 596,173 12,987 1,277,197
0 1 1940 10,799.1 4,252 358,018 7,933 771,611
1941 10,220.9 4,121 377,534 8,036 774,958
1900
1902
1904
1906
1908
1910
1912
1914
1916
1918
1920
1922
1924
1926
1928
1930
1932
1934
1936
1938
1940
1942
1944
1946
1948
1950 1942
1943
61,959.1
4,657.3
3,710
1,709
334,712
159,141
8,140
3,815
615,032
288,270
Year 1944 3,746.4 1,029 91,215 2,236 168,964
1945 1,677.3 596 48,434 1,584 77,653
1946 2,061.8 911 75,840 2,805 112,312
AuEq Ounces AuEq gpt AgEq gpt 1947 1,811.8 941 76,091 2,576 119,874
1948 1,566.4 468 45,938 1,394 69,144
1949 82.7 38 3,817 126 5,460
1950 58.2 24 2,336 78 3,378
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TONOPAH DISTRICT GEOLOGY & DEPOSIT LOCATION MAP

THREE HILLS

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2020 EXPLORATION

• Drilling: 7,000m in 16 RC
drillholes focused on
four key target areas
commenced in June;
ASSAYS PENDING

TARGETING
2.5 to 6 million tonnes
grading between 13
g/t to 21 g/t gold and
gold equivalent

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 1 – Victor; high-grade veins / 4 – Ohio high-grade vein

B’ A’

C’

C B A

Target: 2-3 million tonnes between 15 g/t to 30 g/t AuEq

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 2 - DENVER, PAYMASTER, BERMUDA AND MERTEN VEINS

B’ A’

C’

C B A

Target: 2-3 million tonnes between 15 g/t to 20 g/t AuEq

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 3 - NEW VEIN DISCOVERY/OHIO VEIN TARGETS
New Vein (Ohio Vein duplicate): 0.5-1 million tonnes between 15 g/t to 30 g/t AuEq
2018 Coeur Drilling Program Selected Results
Drill ID From M To M Gold g/t Silver g/t AuEq g/t
TW18-004 175.3 176.7 9.7 715.7 19.9
TW18-004 189.0 190.5 4.6 401.0 10.3

New Vein Discovery Structurally Similar to Ohio Vein Ohio Vein Cross Section

New
Discovery

Ohio Vein

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 Tonopah Extension Mill Tailings
*Data from previous operators shows potential
for:
• 600,000 tonnes of material flowed down
Slime Wash
• 2 Column leach tests returned and average
of 72.8% for Gold and 67.2% for Silver

• 9 historic mine dumps estimated to

contain an additional 450,000 tonnes of
material

• Evaluation program to include desktop

review of the existing metallurgical data
sets, followed by surface sampling and 700
metres of sonic drilling in June

*Scoping Study for the Tonopah Extension Project, Nye/Esmeralda

County, Nevada, USA for Coyote Resources, Inc. dated July 2011;
Metallurgical Testing on Tonopah Extension Tailings, Laboratory No. 038-
1R for Sierra Western Resources, Inc., dated February 26, 1986 (“Met
Study”); Pilot Leach Test, Tonopah Extension Tailings Project for Nevada
Western Industries, Inc., dated August 18, 1986 (“Pilot Leach Study”); JULY 2020 |14
SILVER CLOUD
The Richest Gold Mining Area In North America

• Large land package consists of 572 mining

claims covering 45sq km (+12,000 acres)

• Centered on the Northern Nevada Rift,

adjacent to Hecla’s Hollister mine

• Former Teck, Placer Dome, and Newmont

project with multiple high-grade gold
intercepts encountered on limited drilling
(~8000m)

• Time Capsule: Undrilled since 2005, new

understanding of regional geology derived
from nearby disoveries unlocks potential,
leads to new geologic interpretation

• Multiple targets; Multi-million ounce gold

potential

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 LS EPITHERMAL PATHFINDERS: HISTORIC MERCURY MINES
• Mercury and arsenic are the ultimate
pathfinder elements for low-sulphidation
epithermal gold deposits

• The Silver Cloud project is named after the

past producing Silver Cloud gold mine
where past high-grade intercepts were
encountered by Teck and Placer Dome

• The property hosts another past producing

mercury mine on the northeastern section,
directly adjacent to Hecla’s Hollister Mine.
This area has never seen any drilling, and
with 8 exposed veins found at surface it is
now a priority target for Blackrock

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 SIMILAR TRENDS & DEPTHS

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COMPARISON OF MIDAS & HOLLISTER MINES

5000 ft RL

Midas Mine Hollister Mine

• NNW-NW oriented veins • E-W oriented veins
• Productive zone between 4500 and 5500 ft RL • Productive zone between 4750 and 5250 ft RL
• Volcanic hosted – Miocene Elko Prince • Sediment hosted – Ordovician Vinni Fm.
• Veins 1.5m to 3m wide • Veins 1m to 2m wide JULY 2020 | 18
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A TALE OF TWO GEOLOGIES

• Enhanced Gravity survey indicates two distinct

geologic systems cutting across the entire property

• Newly-identified Silver Cloud Graben cuts across

western half of project, providing for a thick
volcanic rock package that highlights major
similarities to structural architecture found at the
nearby Midas mine.

• The eastern half of the project looks to share a

similar structural setting to the adjacent Hollister
mine, which is hosted in the Paleozoics.

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 WHY BRC?
Exploring Silver Cloud and Tonopah:
low sulfidation epithermal high-grade gold & silver

Nevada
Tonopah
• District leading land package with 97 patented and 17 unpatented claims in one of largest known high-grade silver districts in
North America; largest consolidated claims package since Howard Hughes controlled the district in the 1960’s.
• *50 year historic production profile that averaged 50g/t AuEq or 2125 AgEq, and up to 450,000 ounces/year AuEq
• 7,000M RC drill program underway to test historic silver/gold veins and follow up on a new discovery; Assays Pending
• Incredible district-scale potential with potential for 2.5 to 6 million tonnes grading between 13 g/t to 21 g/t AuEq; first group to
systematically explore historic workings in the modern era.
Silver Cloud
• Compelling grassroots exploration opportunity with a large land package of over 45 sq km within the richest gold-mining area in
North America, where two prolific gold belts meet
• Target Rich: 4 key areas identified: limited historic drilling encountered gold in 3 areas, in addition to another area found to have
8 veins outcropping at surface. BRC first group to get to follow up on these since 2005.
• IP Geophysical program scheduled for July
*All historic production information from Nevada Bureau of Mines & Geology, Bulletin 51 and Bulletin 92. US short tons
• 3,500m, 10-12 RC drillhole program contemplated for September have been converted to metric tones by multiplying short tons by 0.9072 AuEq = (historic silver production times historic
silver price) divided by historic gold price) plus historic gold production AgEq = (historic gold production times historic gold
price) divided by historic silver price) plus historic silver production

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