The Company is currently planning a multi-phased exploration campaign that will include diamond drilling, focused on both resource definition and exploration at its polymetallic
'Blackwolf is looking forward to a year with numerous catalysts including discovery-focused exploration at our flagship, Niblack copper-gold-silver-zinc VMS deposit, and an upcoming, updated mineral resource estimate ('MRE') incorporating recent drilling and our comprehensive new geological interpretations. Additionally, we are looking forward to drilling the initial holes into the outcropping gold-silver veins, which are up to 30 meters wide at our new Cantoo Property, located just west of the
The 100% owned Niblack project, located on
In 2021, the Company made a significant geological breakthrough on the Property, confirming that the folded volcanic stratigraphy was overturned. This new interpretation has opened up significant areas of prospective stratigraphy for exploration and resource expansion.
Blackwolf's geological interpretation has shown that the Lookout deposit, the largest identified to-date on the Property, is wide-open for expansion in most-directions. The potentially most accretive targets are located on the west side of the folded deposit in multiple areas and depths. The Company has concluded that priority targets are best drilled, initially, from helicopter-supported surface drilling, versus inclined holes from the underground workings. Step-out drilling from high-grade intercepts completed by Blackwolf at the historic
The drilling will ideally occur in multiple phases, split approximately 50/50 between resource definition/expansion and exploration. In addition, surficial exploration including geological mapping, high resolution drone imagery, prospecting, and geophysical surveys will be conducted to assess for additional targets on
Currently, the Lookout and Trio deposits host 5.6 million tonnes of Indicated Resources averaging 0.95% Cu, 1.75 g/t Au, 29.52 g/t Ag and 1.73% Zn, with additional Inferred Resources of 3.4 million tonnes of 0.81% Cu, 1.32 g/t Ag, 20.10 g/t Ag and 1.29% Zn. A higher-grade core of Indicated Resources hosts 1.2 million tonnes averaging 1.7% Cu, 3.2 g/t Au, 62.6 g/t Ag and 3.8% Zn on the
Blackwolf is expecting imminent receipt of surface exploration permits for the Company's US Federal Claims at the Niblack Property. Additionally, the Company has patented mineral claims covering the key portions of the Property. While waiting for drilling permits, the Company has completed significant site maintenance and upgrades at Niblack. Permits have been received for a new land-based tent camp to support exploration and development efforts as well as cleanup of historic sites such as old structures, a barge camp, dilapidated core storage and old fuel tanks have been completed. Additionally, corroded pilings on the barge landing were replaced and needed repairs to the dock were completed.
Acquired through staking in 2021, Blackwolf has 100% interest in its
Cantoo Property
The Cantoo Property is located due east of the Premier,
Exploration on the Cantoo Property in 2022 will include geologic mapping, prospecting, soil sampling and a maiden 2,000-meter drill program targeting the high-grade vein occurrences. Subject to receipt of drill permits expected soon, diamond drills would be set up above cliffs where the veins/breccias are observed to outcrop on a steep slope; these veins were historically accessed using aerial tramlines from the bottom.
Texas Creek Property
The source of very-high grade historic electrum veins will continue to be a focus for Blackwolf. In the 1930s, prospectors and miners tunneled through glacial ice to explore for a local source, eventually identifying mineralization that is similar in style of veins that have been historically and currently mined at the Brucejack and Premier deposits. The glacial ice sheet, located near the summit of a mountain, has significantly melted since the 1930s. Work by the Company during 2021 identified high-grade veins, including a grab sample that returned 10.05 g/t Au and 7,910 g/t Ag. A cool spring and summer in
About
Blackwolf's founding vision is to be an industry leader in transparency, inclusion and innovation. Guided by our Vision and through collaboration with local and Indigenous communities and stakeholders, Blackwolf builds shareholder value through our technical expertise in mineral exploration, engineering and permitting. The Company holds a 100% interest in the high-grade Niblack copper-gold-zinc-silver VMS project, located adjacent to tidewater in southeast
Contact:
Tel: 604-617-0616
Email: rm@bwcg.ca
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as 'intends' or 'anticipates', or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'should', 'would' or 'occur'. This information and these statements, referred to herein as 'forward-looking statements', are not historical facts, are made as of the date of this news release and include without limitation, statements relating to the historic Niblack mine's potential to be a new resource area and the Company's future objectives and plans.
Forward looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, market volatility; the state of the financial markets for the Company's securities; fluctuations in commodity prices and changes in the Company's business plans. In making the forward looking statements in this news release, the Company has applied several material assumptions that the Company believes are reasonable, including without limitation, that the Company will continue with its stated business objectives and its ability to raise additional capital to proceed. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. The Company seeks safe harbor.
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