Holding five claim groups, Cantoo, Casey, Texas Creek, Mineral Hill and Rooster, collectively known as the Hyder Properties alongside the Niblack Copper-Gold-Zinc-Silver VMS Project, Blackwolf Copper and Gold (BWCG.v BWCGF) is strongly positioned amid a range of high-potential markets on both the Alaskan and British Columbian sides of the Golden Triangle.
Gold price records have hit another historic level, just shy of $2,400 as geopolitical concerns intensify worldwide and investors look to safe haven opportunities.
Similarly, silver saw a surge above $28 this week and the copper price rally has continues to surge to its highest level in 22 months - with both metals being influenced by the growing demand for green technology.
Boasting an indicated resource of at least 6M tonnes grading 0.92% copper, 1.88 g/t gold, 1.72% zinc and 30 g/t silver, BWCG's flagship, the advanced exploration stage Niblack Project, is located in Alaska with an NI 43-101 compliant resource estimate of high-grade copper, gold, silver and zinc.
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.
Going forward, BWCG is focused on expanding its high-grade copper and gold discovery in Niblack in the near future, followed by expanding its secondary high-grade gold discovery at the Harry Property in the summer where 3km of targets and trends have been discovered.
With limited exploration in the area in the past 25 years despite numerous known high-grade precious and base metal historic prospects and mines, significant discovery potential remains at the claim groups.
BWCG's main priority target includes the Cantoo project, outcropping zones of alteration, brecciation and veining up to 30m thick with assays up to 37.6 g/t Au.
Centralized Polymetallic Processing Facility
Notably, BWCG recently signed an MOU with Dolly Varden Silver Corp. and New Moly LLC to "jointly study the viability of New Moly’s Kitsault property as the potential site for a centralized polymetallic processing facility that could accept mineralized material from the Companies’ respective deposits in a ‘hub and spoke’ model". (Source: https://blackwolfcopperandgold.com/projects/hub-and-spoke-mou/) With permits already in place for a mill and plans to turn the whole town into an export hub, this creates a really interesting story.
Posted on behalf of Blackwolf Copper and Gold Ltd.