The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Honors Hyder-Stewart old-timer with first BC property name North of 60 Mining News – July 22, 2022
The newest Rooster property was named after Rooster Olsen, an elder mariner from Hyder-Stewart that recently passed.
Blackwolf Copper and Gold Ltd. July 19 announced the acquisition of yet another property through staking, the Rooster property, its fifth claim group in the Golden Triangle area and the company's first in British Columbia.
Situated near the mining towns of Hyder, Alaska and Stewart, BC, recent additions to the Blackwolf portfolio are the Texas Creek and Cantoo properties, Southeast Alaska properties that lie immediately west of the Premier gold project and south of past-producing Scottie gold and Granduc copper mines in BC's famed Golden Triangle.
The newest addition to Blackwolf's Golden Triangle portfolio is Rooster, a 4,690-hectare (11,590 acres) gold-silver property immediately across the U.S.-Canada border from Texas Creek.
"The Rooster property, our first in BC, is located immediately north of our Solo prospect on the Texas Creek property, in Alaska, where miners in the 1930's tunneled through glacial ice looking for the source of 'Brucejack Style' gold-silver veins," said Blackwolf Copper and Gold President and CEO Rob McLeod. "The rapidly melting glaciers in the Stewart and Hyder area are exposing multiple new bedrock outcroppings that have never previously been prospected."
Despite significant exploration activity in Canada, virtually no modern exploration has been performed on most of Blackwolf's Hyder area properties since the 1930s, and bridge washouts in the early 1960s limited road access to the property, essentially cutting the area off from all but the most intrepid explorers.
The team at Blackwolf has extensive knowledge and experience exploring the Golden Triangle, and the Rooster property is another piece of Blackwolf's growing portfolio.
Primarily covered with glacial ice, with increasing new areas of exposure due to annual melting, because there has been such limited modern exploration, no historic prospects or samplings have been documented on the claims, despite its significant size.
"The claims were named in honor of Rooster Olson, a recently passed, legendary and eccentric elder mariner from Stewart and Hyder who was well-loved by locals," added McLeod. "We look forward to getting on the ground at Rooster shortly."
Aside from the newest property addition, Blackwolf has commenced surface exploration work on the Hyder area properties and is currently awaiting drill permits; upon receipt, expected shortly, the company intends to drill the large, high-grade gold-silver Cantoo property, which lies just southeast of the newest Rooster claims.
You can read about its planned drilling for Cantoo at Blackwolf preps for drilling at Cantoo in the July 8, 2022, edition of North of 60 Mining News.
The company is also advancing its flagship Niblack property found on Prince of Wales Island in Southeast Alaska. According to a 2011 resource calculation, the Lookout and Trio deposits at Niblack host 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 (53.5 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.
Reader Comments(0)