Blackwolf Copper and Gold (TSXV: BWCG) has resumed trading following a halt conducted by the company to release its latest drill results this morning.
The results released this morning consist of a single drill hole, drilled at the Swann Zone within the larger Harry Property in the Golden Triangle of BC. Highlights from the results include:
- H23-017: 312 g/t gold, 101 g/t silver over 1.0 metre from 139 metres
- H23-017: 277 g/t gold, 118 g/t silver over 1.0 metre from 199 metres
The intervals of the hole are said to have occurred within a wider zone of multiple overlapping phases of sulphide mineralization and quartz veins. Blackwolf drew comparisons to the Brucejack Mine and the Premier Mine in describing the mineralization, identifying that mineralization was within coarse gold veins.
“We are not only thrilled by the exceptional high-grade nature of this discovery, but also the tremendous value it holds for our shareholders. Notably, BruceJack was acquired for USD$2.7 billion by Newcrest and stands as one of the most prominent high-grade underground mines in North America. I firmly believe that we have the potential to develop another similar system.,” commented CEO Morgan Lekstrom on the results.
Results released this morning are only partial assays for hole H23-017, while results from six additional holes at Harry, and further drilling conducted at the Cantoo Property, still pending.
Blackwolf Copper and Gold last traded at $0.26 on the TSX Venture.
Information for this briefing was found via the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
