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 30th, 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
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.

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