Blackwolf receives permits for exploration

Blackwolf Copper and Gold Ltd. June 8 reported that permitting for its Niblack project has been granted, allowing surface exploration work to begin at this Southeast Alaska polymetallic property.

"This authorization now permits Blackwolf to drill from surface to expand current resources, to continue testing our successful new geological model for VMS mineralization, to complete IP geophysical work to explore for buried massive sulphides along the productive host horizon and to step-out from the high-grade copper mineralization in historic drilling at underexplored areas of the property," said Blackwolf Copper and Gold President and CEO Rob McLeod. "In particular, the Lookout zone at Niblack is wide open for expansion to the west where drilling was previously limited to only underground drilling; additionally, connecting the Trio and Lookout deposits is a priority target."

Located at the southern end of the Southeast Alaskan Panhandle on Prince of Wales Island, the Niblack property hosts 5.64 million metric tons of indicated resource averaging 0.95% (118.1 million pounds) copper, 1.74 grams per metric ton (317,220 ounces) gold, 29.5 g/t (5.35 million oz) silver, and 1.73% (215 million lb) zinc; plus 3.39 million metric tons of inferred resource at 0.81% (60.7 million lb) copper, 1.33 g/t (144,710 oz) gold, 20.1 g/t (2.19 million oz) silver, and 1.29% (96.3 million lb) zinc in both Lookout and Trio.

With permitting in place, Blackwolf can now work toward updating its mineral resource estimate for Niblack, which will include additional information from successful drilling programs at Trio and Lookout, as well as incorporating high-grade results from the historic Niblack Mine, located roughly 1,000 meters north of Lookout.

The decision memorandum, which was authorized under the National Environmental Policy Act by the U.S. Forest Service, covers federal mineral claims adjacent to Niblack's patented and state of Alaska claims.

The authorized surface exploration work, subject to various terms, conditions, and bonding includes:

• Detailed geologic mapping,

• Ground based geophysics using Induced Polarization,

• Soil sampling for geochemical analysis,

• And diamond core drilling at a maximum of fifteen sites, all of which are on lands administered by the US Forest Service.

"In addition to the authorization at Niblack, we look forward to receiving a Decision Memorandum in the near future for our Hyder properties by the US Forest Service," finished McLeod.

Acquired through staking in 2021 and 2022, Blackwolf has 100% interest in its Hyder properties which are comprised of four claim groups – Texas Creek, Cantoo, Casey, and the most recent addition Mineral Hill – totaling 4,360 hectares (10,774 acres) across 534 U.S. federal mining claims and four state of Alaska mining claims.

These properties are located between 10 to 20 kilometers (6 to 12 miles) northwest of Hyder, six kilometers (4 miles) south of the past-producing Granduc Copper Mine, 10 kilometers (6 miles) south of the past-producing Scottie Copper Mine, and due west of the past-producing Premier Gold Mine, which is currently in redevelopment by Ascot Resources.