is pleased to announce that the Company has acquired through staking, a 100% interest in numerous historic, high-grade gold-silver prospects and mines, located in the State of Alaska, north of the mining towns of Hyder, AK and Stewart, BC.
Of the multiple known mineral showings on the Properties, Blackwolf’s priority targets include: 1) Solo Mine on the Texas Creek Property, where miners tunneled under glacial ice to explore for the source of electrum stringers identified in glacial transported boulders.
Veins of native electrum, a naturally occurring alloy of gold and silver that were identified at the margin of an icefield in the 1920’s are of the same nature as the Brucejack and Premier mines and there has been obvious extensive glacial retreat since that time,” said Robert McLeod, President and CEO of Blackwolf Copper and Gold.
A total of 389 Federal Claims were staked, covering 3,689 hectares.
The Texas Creek Property hosts multiple historic prospects and small-scale past-producing gold and silver mines, hosted within a similar geological setting to large, high-grade gold and silver deposits in the Golden Triangle.
16 samples returned over 1.0 g/t Au, with individual samples including: 8.1 g/t Au and 742.6 g/t Ag, 6.8 g/t Au and 1,045 g/t Ag, 37.5 g/t Au and 56.9 g/t Ag, 15.4 g/t Au and 339.1 g/t Ag, 32.4 g/t Au and 62.7 g/t Ag; 24.7 g/t Au and 118.6 g/t Ag.
12 samples were collected at the Double Anchor showing; three samples assayed over 1.0 g/t Au, including a grab sample of 36.8 g/t Au and 207 g/t Ag.
The geological target and exploration concept is similar to the large, intrusive-related and porphyry copper, molybdenum and gold deposits such as Snowfield, Treaty, Kerr and Mitchell that are located adjacent east of the high-grade Brucejack mine.
Cantoo mountain is mostly covered with vegetation, however local exposures of strongly altered intrusive rocks host high-grade gold-silver mineralization, often with significant copper, molybdenum, barium, lead and zinc.
The Qualified Person under NI 43-101 for the 2021 exploration programs at the West Texas and Cantoo Properties will be Marilyne Lacasse, P.Geo, Vice-President of Exploration for Blackwolf Copper and Gold.
The Company holds a 100% interest in the high-grade Niblack copper-gold-zinc-silver VMS project, located adjacent to tidewater, as well as the Cantoo and Texas Creek Gold-Silver Properties in southeast Alaska.
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.