Big Board Alerts

January 23, 2024
Blackwolf Copper and Gold (TSXV:BWCG) Provides Exploration Updates for Harry and Cantoo Properties in Golden Triangle, British Columbia

Figure 1: Harry property map showing the prospective QSP alteration extent in light orange and the silver and base metal trend in blue. All zones are color coded in relation the mineralization-style; yellow associated to high-grade gold-silver and blue to silver-base metal veins. Source; Blackwolf Copper and Gold

Blackwolf Copper and Gold (TSXV:BWCG) has announced results from its 2023 exploration programs at the Harry and Cantoo properties located in the prolific Golden Triangle region of British Columbia. The Cantoo property, situated 15 kilometres north of Hyder, Alaska and neighbouring the town of Stewart, BC, underwent its first-ever diamond drilling program this year. With 1,356 meters drilled in 3 holes, Blackwolf targeted the high-grade gold-silver-copper mineralization identified on surface that is related to the Jurassic-aged Premier porphyry intrusion.

Rob McLeod, Blackwolf’s Executive Chairman, commented in a press release: “Encountering Brucejack-style remobilized coarse electrum veins at Harry was the highlight of the 2023 program. Extensive multiphase sulphide-rich veining within a wide halo of strongly anomalous gold and silver is highly encouraging. Drilling in 2024 will target additional high-grade surface values and structural/geochemical traps located up dip from the high-grade veins. At Cantoo, geochemical vectoring and surface sampling are suggesting a northeast strike and steep dip to the wide veins; subsequent drilling will test this concept.”

Surface samples from Cantoo returned exceptional results including 29.2 g/t gold, 2,378 g/t silver, 4.35% copper and 7.24% zinc. The 2023 drilling intersected intense alteration zones bearing similarities to the nearby Premier deposit. The best drill intercept was 1.53 g/t gold over 1.5 meters in hole CT23-002. While significant precious metals values were not obtained, the results provide valuable insights into the structural geology at Cantoo, refining targeting for future drilling.

At the Harry property, located 30 kilometres north of Stewart, BC, Blackwolf conducted surface sampling and diamond drilling in 2023. A total of 99 surface grab samples and 1,741 meters of drilling in 7 holes were completed. The work defined two 1-kilometre-scale zones of intense quartz-sericite-pyrite alteration hosting lower-grade bulk-tonnage style gold mineralization. Surface samples returned up to 4.16 g/t gold and 9.71 g/t silver. Drilling intercepted a 150-meter trend of high-grade silver-lead-zinc veins at the Swann zone, including 0.47 g/t gold, 374 g/t silver, 5.34% lead and 1.41% zinc over 0.47 meters. The program also revealed potential for extensive high-grade gold mineralization related to the alteration halos, with a best drill intercept of 312 g/t gold and 101 g/t silver over 1 meter.

Figure 2: Comparative photos multi ounce silver-base-metal mineralization observed at the northern end compared to the southernmost extent of the Harry Property. Blackwolf Copper and Gold

Blackwolf’s CEO, Morgan Lekstrom, also commented in the press release about the results: “Having successfully executed a program that stayed within budget, we have significantly expanded on previous results at the Harry Property, made a gold discovery, and gained a comprehensive understanding of the Cantoo Geology. This has led to a tremendous year for our initial drilling endeavors on both properties, and we are eager to build upon the discoveries at Harry and our newfound insights into the Cantoo Property. Mineralized occurrences at Harry have extended from the Swann Zone to several other mineralized occurrences across a 3-kilometer trend, adjacent to one of North America’s historically high-grade producers. Our company is fully funded to proceed with an extensive drill program on the Harry Property in 2024, and we have identified multiple areas where we anticipate further high-grade discoveries. With our enhanced understanding of Cantoo, we can now drill more efficiently and cost-effectively in pursuit of what we believe to be a significant new discovery. It’s important to remember that mines in the area are often discovered with over 100 drill holes, and with just 3 drill holes, we have obtained the information that uniquely positions us to expand our drilling at Cantoo and awaken this sleeping giant.”

The results from Cantoo and Harry have significantly advanced Blackwolf’s understanding of the geology and unveiled new high-grade precious and base metal discoveries. With numerous untested targets remaining, follow-up drilling and exploration work is being planned for 2024 to build on the insights gained during this first phase. Blackwolf is well positioned with its strategic foothold in the heart of the Golden Triangle to make further discoveries and unlock the potential of its portfolio.

Highlights from the results are as follows:

Harry Property:

Multiple Mineralization-Styles: Drilling and surface sampling have identified multiple mineralization styles, in all regions of the Property, particularly at the Swann Zone. Two major mineralization styles have been identified, including:

The high-grade gold-silver veins contained in an extensive quartz-sericite-pyrite alteration package, as noted in surface sample 4.16 g/t Au and 9.71 g/t Ag, and subsequent in drilling 1.30 g/t Au and 2.90 g/t Ag over 2.0 meters and previously released results312 g/t Au and 101 g/t Ag, over 1.0 meter (refer to Blackwolf’s News release of October 30th, 2023).
Multi-ounce silver base-metal veins with gold credits, as noted in surface sample 1,049 g/t Ag, 4.447 g/t Au, 1.521% Cu, 8.0% Pb, 1.55% Zn, and subsequent in drilling 374 g/t Ag, 5.34% Pb, 1.41% Zn over 0.47 meters.

Multi-Zone Mineralization: The exploration effort has identified silver and base-metal occurrences, over a 3- kilometer trend, and two areas of intense quartz-sericite-pyrite alteration, each up to 1 kilometer in extent and associated with the previously released new high-grade visible gold vein discovery at the Swann Zone.

Cantoo Property:

The surface exploration highlighted the high-grade mineralization with multiple scree samples from the mineralization above, as noted in samples 29.2 g/t Au, 2,378 g/t Ag, 4.345% Cu, 7.24% Zn, and 19.9 g/t Au and 7.92 g/t Ag.
The initial drill program intersected porphyry-style alteration; strong zones of quartz-sericite alteration with sulphide mineralization. The strong mineralized alteration halos are analogue to the confirmed wide surface Cantoo vein mineralization outcropping in cliffs. The mineralization is closely associated with Jurassic-aged Texas Creek Intrusion suite as noted in mineralized interval in hole CT23-003 1.53 g/t Au and 1.01 g/t Au both over 1.5 metre. Further drilling to the southwest is needed to vector into high-grade shoots.

Table 1. Selected Surface Results from the 2023 Harry program

Sample No.
Easting
Northing
Area
Au_ppm
Ag_ppm
Cu_%
Pb_%
Zn_%

B0017307
434380
6224629
Harry
1.001
57.72
0.010
1.650
0.116

B976710
434366
6226621
Harry
1.346
4.45
0.003
0.049
0.025

B976736
434150
6223754
Harry
1.07
11.38
0.003
0.325
0.069

B976737
434141
6223695
Harry
4.16
9.71
0.003
0.083
0.021

B976744
434122
6223527
S-1
4.477
1049
1.521
8.000
1.550

B976745
434118
6223566
S-1
3.239
995
1.436
4.330
3.100

B0012768
434023
6223880
Saw Cut
0.158
203
0.253
6.250
18.960

B0012755
434054
6223721
Sheeted Vein
5.676
160
0.041
2.820
8.940

B0012762
434045
6223642
Sheeted Vein
0.195
475
0.562
9.790
10.340

B0012766
434032
6223680
Sheeted Vein
0.04
98.3
0.090
2.570
5.640

B976717
434363
6226626
Sheeted Vein
0.077
3.72
0.103
0.017
1.290

B976721
434165
6226380
Sheeted Vein
0.04
213
0.080
19.68
0.073

B976724
434153
6226370
Sheeted Vein
0.311
714
0.663
14.190
16.830

B0017303
434519
6224862
Ursula
0.86
92.03
0.049
3.610
4.910

B0017305
434498
6224869
Ursula
1.756
21.68
0.016
0.524
0.234

B0017306
434497
6224872
Ursula
1.083
11.02
0.006
0.082
0.016

Table 2. Swann Zone Drill hole Composites

Hole-ID
Zone

From (meters)
To (meters)
*Length (meters)
Au (gpt)
Ag (gpt)
Pb (%)
Zn (%)

H23-012
Swann

67.32
67.79
0.47
0.42
374.00
5.340
1.410

118.10
118.89
0.79
1.62
2.79
0.014
0.001

160.00
161.00
1.00
0.46
14.77
0.265
2.470

H23-013
Swann

55.00
55.50
0.50
0.15
12.08
1.30
0.2091

93.00
96.10
3.10
0.33
13.05
0.057
0.127

H23-014
Swann

66.00
67.00
1.00
0.07
1.09
0.019
0.267

140.00
141.50
1.50
1.31
2.00
0.016
0.040

178.00
179.00
1.00
0.60
1.18
0.002
0.008

H23-015
Swann

74.05
77.19
3.14
0.07
8.35
0.107
0.241

191.42
192.45
1.03
0.68
1.27
0.009
0.012

H23-016
Swann

223.00
224.00
1.00
2.01
4.00
0.010
0.002

H23-018
Swann

176.00
183.00
7.00
0.73
3.07
0.012
0.004

176.00
193.00
17.00
0.41
5.97
0.004
0.08

Inc.
176.00
177.00
1.00
2.03
3.39
0.014
0.005

Inc.
181.00
183.00
2.00
1.30
2.895
0.014
0.005

* True widths are not known as there is not yet enough geological information.

Table 3. Selected Surface Assay Results from the 2023 Cantoo program

Sample Number
Easting
Northing
Type
Au _ppm
Ag_ppm
Cu_%
Pb_%
Zn_%

B0011166
433890
6214868
Float
4.070
2.1
0.001
0.001
0.002

B0011167
433880
6214859
Float
14.600
10.0
0.001
0.004
0.003

B0011168
433801
6214830
Float
4.238
1.8
0.001
0.001
0.001

B0011169
433801
6214830
Float
19.900
7.9
0.001
0.003
0.001

B0011170
433773
6214845
Float
4.548
3.4
0.015
0.017
0.627

B0011172
433807
6214839
Float
2.515
2.3
0.002
0.006
0.018

B0011174
433889
6214870
Float
6.192
115.0
0.484
7.670
0.353

B0011175
433001
6214866
Float
2.982
4.6
0.003
0.006
0.001

B0011176
433912
6215138
Float
0.348
222.0
0.136
35.850
0.630

B0011177
433919
6215145
Float
0.835
146.0
0.008
20.050
0.145

B0011178
433919
6215168
Float
1.980
607.0
1.112
4.370
0.199

B0011179
433919
6215168
Float
29.200
2378.00
4.350
0.527
7.240

B0011301
433803
6214832
Float
4.482
2.1
0.000
0.001
0.000

B0011302
433788
6214830
Float
9.903
6.4
0.001
0.003
0.004

B0011303
433781
6214836
Float
5.582
1.8
0.000
0.001
0.001

B0011304
433769
6214842
Float
5.720
2.4
0.001
0.001
0.000

B0011305
433762
6214842
Float
7.005
3.4
0.002
0.002
0.001

Table 4. Cantoo drill hole Composites

Hole-ID
From (meters)
To (meters)
*Length (meters)
Au (gpt)
Ag (gpt)
Cu (%)
Pb (%)
Zn (%)

CT23-001
No Significant Results

CT23-002
No Significant Results

CT23-003
433.00
434.50
1.50
1.53
5.58
NC
NC
NC

439.50
441.00
1.50
1.01
1.22
NC
NC
NC

* True widths are not known as there is not yet enough geological information.

Table 5. Swann Zone Drill hole collar locations and orientations

Hole-ID
Coordinate System
Easting
Northing
Elevation (m a.s.l)
Azimuth (Degrees)
Dip (Degrees)
Length (m a.s.l)

H23-012
UTM_Zone9/NAD83
434390
6226542
890
215
-50
249

H23-013
UTM_Zone9/NAD83
434390
6226542
890
240
-50
250

H23-014
UTM_Zone9/NAD83
434390
6226542
890
230
-60
250

H23-015
UTM_Zone9/NAD83
434390
6226542
890
215
-60
251

H23-016
UTM_Zone9/NAD83
434312
6226610
862
215
-50
242

H23-017
UTM_Zone9/NAD83
434312
6226610
862
230
-50
246

H23-018
UTM_Zone9/NAD83
434312
6226610
862
250
-50
251

Table 6. Cantoo drill hole collar locations and orientations

Hole-ID
Coordinate System
Easting
Northing
Elevation (m a.s.l)
Azimuth (Degrees)
Dip (Degrees)
Length (m a.s.l)

*CT23-001
UTM_Zone9/NAD83
433247
6214825
858
95
-55
130.2

CT23-002
UTM_Zone9/NAD83
433244
6214839
860
95
-55
676

CT23-003
UTM_Zone9/NAD83
433244
6214839
860
85
-65
550

*Hole abandoned

 

 

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

The post Blackwolf Copper and Gold (TSXV:BWCG) Provides Exploration Updates for Harry and Cantoo Properties in Golden Triangle, British Columbia appeared first on MiningFeeds.

 

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