Mining Company Finds Gold, Silver and Copper in Alaskan Cliff Face

Blackwolf Copper & Gold Ltd. (BWCG:TSX.V) recently spoke at the German metals conference about its plans for the Cantoo and Niblack project. Sampling at Cantoo revealed significant veins of gold (Au), copper (Cu), and silver (Ag), some of which averaged at mineralization levels of an ounce per ton of Au.

The Cantoo Drill Target

Blackwolf is expecting to begin drilling on the Cantoo drill target in June or July of 2023. The project contains veins and breccias that are up to 30m wide with outcroppings in a shear cliff. The project is very high-grade and has consistently produced gold and silver with historic direct-ship mining. It is within 500 meters of the Canada and American border and adjacent to the historic Premier silver-gold mine. Ascot Resources is currently redeveloping Premier with good results; it has a 3,000-ton-per-day mill.

In the 1920s, electrum, an alloy of gold and silver, was discovered near a glacier on the site, and the site was mined until a bridge washout cut off access to the site. As a result, it has experienced no modern exploration. The company's main targets have never been drilled. Blackwolf identified a wide vein on a shear cliff that averages an ounce Au per ton, as well as other veins that contain Au, as well as Cu and Ag. The company intends to reach this mineralization by starting a mining operation at the top of the cliff and drilling all the way down to the valley floor.

The company is collaborating with a number of other companies in an attempt to minimize the risk involved in these projects. The other companies involved include Dolly Varden Silver, Goliath Resources Ltd, Coast Copper Corp, and New Molly Inc. This arrangement is expected to reduce operating costs.

The Niblack project features volcanic geology. The company recently released an updated Mineral Resource Estimate for Niblack, which revealed several excellent mineral intercepts. However, Rob McLeod stated that the company intends to intensify drilling at the project after the company has obtained a higher market cap.

Blackwolf has stated that drill results should be released in July of 2023.

Why Copper?

"an immediate strong speculative Buy"- Clive Maund

Copper supports some of the fasted growing industries in the United States, according to The Salt Lake Tribune, such as solar panels, wind farms, electric vehicles (EVs), and electronics. However, the domestic copper supply has not been able to meet demand, and the United States now imports nearly 50% of its copper supply. A bipartisan coalition of senators has, in an attempt to patch up the situation, lobbied for copper to be listed as a critical mineral so that the United States can secure the country's supply.

As Reuters has noted, analysts have been predicting a surplus of copper, in part because of attempts to secure supply for green energy use. This surplus has never materialized, and copper supplies still fall short of current demand.

Catalyst

The analyst Clive Maund rated Blackwolf as "an immediate strong speculative Buy" due to its position in the market last February. According to Maund, the company "looks poised to reverse into a bullmarket following a severe bear market and then a basing process at a low level."

The value of the company has been bolstered by the updated mineral estimate, which indicates a 5.85Mt and 0.21Mt inferred, high-grade Cu-Au-Zn-Ag resource at the Niblack project. Blackwolf has an excellent share structure base and an experienced management team with roots in Southeast Alaska and Northwest British Columbia. The Cantoo drill target is shallow, with stacked wide, high-grade veins.

The drill target is a high priority for June of 2023 and has been mostly unexplored since the 1920s and 1930s and completely unexplored since the 1990s. This represents the last unexplored piece of the Golden Triangle. The company expects to complete exploration drilling by June of 2023.

Ownership and Share Structure

Blackwolf Copper has a market cap of CA$27 million. There are 80 million shares, and 28.3 million warrants and options.

Management and insiders own approximately 24.74% of the company shares. Robert John McLeod owns 4.23% with 2.31 million shares, Jessica Van Den Akker owns 0.60% with 0.33 million shares, and Marilyne Lacasse owns 0.26% with 0.14 million shares.

As for institutions, Crescat Capital, LLC, owns 9.32% with 5.08 million shares, U.S. Global Investors, Inc owns 1.83% with 1.00 million shares, and American Money Management, LLC, owns 0.02% with 0.01 million shares.

Frank Giustra owns approximately 19.65% with 10.71 million shares, and represents a strategic investor.

The company has CA$8.5 million in the bank as of April 4, 2023. The company reports no monthly burn rate or drilling cost.

The company reports no potential negatives.

Blackwolf works with the influencer Alex Deluce of the Gold Telegraph, and Niall Tomlinson of Coulier Capital provides analysis and news coverage of the company.

Important Disclosures:

1. Blackwolf Copper & Gold Ltd. are billboard sponsor(s) of Streetwise Reports and has paid SWR a sponsorship fee between US$3,000 and US$5,000. 
2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Blackwolf Copper & Gold Ltd.
3. Amanda Duvall wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. T
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