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:
1. 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 30^th, 2023).
2. 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
H23-013	Swann		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
H23-015	Swann		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
CT23-003	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.


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