Yesterday, Canada's Energy Minister stated the country's intent to boost its energy security and accelerate its critical mineral mining with an improved permitting process.
Focused on six critical minerals key to making electric vehicles, this initiative will slash the time it takes to develop new critical mineral mines by nearly a decade.
Notably, Giustra has substantial ownership over Blackwolf Copper and Gold (BWCG.v BWCGF), a junior mining company with a high potential portfolio of assets in Alaska including the advanced exploration stage Niblack Project located in Alaska with an NI 43-101 compliant resource estimate of high-grade copper, gold, silver and zinc.
The Golden Triangle is an area known to create big high-grade mines with some of the highest grades in the world thus BWCG has significant growth potential both in the near and long term as discussed by BWCG CEO Morgan Lekstrom during the Metals Investor Forum: https://youtu.be/E_yihErg3Kg?si=w3rSd5OMfW6jkCdt Having seen significant infrastructure investment, Niblack boasts over 210,000m in drilling and an 850m long exploration tunnel with 150m of cross cuts to facilitate underground drilling and potential production.
Notably, a newly confirmed geologic interpretation suggests excellent potential for resource expansion and discovery along a 5km long trend of prospective VMS host rocks.
When discussing the impressive list of investors including billionaire mining mogul Frank Giustra, Lekstrom emphasized the "ton of exploration upside backstopped by a VMS deposit that can grow significantly", meaning the value at Niblack is there and can only be expanded.
Currently, Niblack boasts an indicated resource of at least 6M tonnes grading 0.92% copper, 1.88 g/t gold, 1.72% zinc, 30 g/t silver and BWCG is focused on determining it's 2024 work plan with the aim to get back to work in the near term.
BWCG additionally holds the Harry Property where they recently made a significant gold discovery during a small drill program, consisting of 1800m.
Fully funded to continue drilling, BWCG plans to test a range of outcrops with an extensive 5,000m program during the summer of 2024.
Multiple areas are anticipated to have further high-grade discoveries as multi-zone mineralization with silver and base-metal occurrences were identified over a 3-km trend alongside two areas of intense quartz-sericite-pyrite alteration up to 1km in extent were discovered to be associated with the new high-grade visible gold vein discovery at the Swann Zone.
Finally, BWCG's Cantoo Property is a largely undiscovered project representing significant growth potential.
BWCG's inaugural drill program saw 1,356m of drilling completed in three holes with surface exploration highlighting the high-grade mineralization and intersecting porphyry-style alteration alongside strong zones of quartz-sericite alteration with sulphide mineralization.
Going forward, BWCG is focused on expanding its high-grade copper and gold discovery in Niblack in the near future, followed by expanding the high-grade gold discovery at the Harry Property in the summer where 3km of targets and trends have been discovered.
Posted on behalf of Blackwolf Copper and Gold Ltd.