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Blackwolf Copper and Gold (TSXV:BWCG)(OTC PINK:BWCGF) announced the granting of 320,000 stock options to newly appointed directors and a technical consultant. The options have an exercise price of $0.45 and will vest over a period of 36 months, with a total term of 5 years. This move aligns with the Company's Amended Omnibus Share Incentive Plan and aims to enhance shareholder value through collaboration and technical expertise in mineral exploration.
Blackwolf Copper and Gold announced the acquisition of the Rooster Property in British Columbia, marking its fifth claim in the Golden Triangle area. The property, covering 4,690 hectares, is contiguous with their Texas Creek gold-silver property. Blackwolf aims to commence exploration shortly, as the Rooster is largely unexplored since the 1930s. The company is also awaiting drill permits for high-grade targets on the Cantoo Property. This area is known for its significant mineral endowment, featuring notable nearby projects like Ascot and historic mines.
Blackwolf Copper and Gold Ltd. has successfully completed a non-brokered private placement, raising $2,756,973 by selling 6,126,607 units at $0.45 each. This amount exceeds the initial target of $2.5 million. Each unit comprises one common share and one warrant, with an exercise price of $0.60 for two years. Proceeds will fund exploration in Alaska, property evaluations, and working capital. Insider participation in the offering was disclosed, and final approval from the TSX Venture Exchange is pending.
Blackwolf Copper and Gold (TSXV:BWCG)(OTC PINK:BWCGF) has initiated surface exploration work at its Hyder area Properties in British Columbia and Alaska. Focused on high-grade Cantoo vein targets and the Mineral Hill Property, the exploration includes rock sampling and prep for diamond drilling. Promising historic samples show high levels of gold, silver, and copper. With permits expected soon, the exploration aims to uncover significant mineralization in an area not extensively evaluated since the 1930s.
Blackwolf Copper and Gold Ltd. (TSXV:BWCG)(OTC PINK:BWCGF) held its Annual General Meeting on June 28, 2022, appointing Julia Gartley and Matthew Moore as new independent directors. Gartley, a professional mineral process engineer, brings over 10 years of experience, while Moore offers expertise in economic development and Indigenous engagement. Shareholders voted overwhelmingly in favor of reappointing auditors and approving an Amended Omnibus Share Incentive Plan, with over 94% support. 5,647,675 shares were voted, representing 17.04% of total shares.
Blackwolf Copper and Gold Ltd. (TSXV:BWCG, OTC PINK:BWCGF) announced a non-brokered private placement to raise up to $2.5 million by selling units at $0.45 each. Each unit includes one common share and one warrant, with warrants priced at $0.60 for a 24-month period. Finders will receive a 6% cash fee and 7% in finder warrants. Proceeds will fund the Niblack Project and Hyder Area Properties in Alaska. Certain directors are participating, qualifying this as a related party transaction. The offering is subject to regulatory approval.
Blackwolf Copper and Gold (BWCGF) has received authorization for its Surface Exploration Project at the Niblack Copper-Gold-Silver-Zinc VMS Deposit in Alaska under NEPA regulations. This permits various exploration activities, including geologic mapping and diamond core drilling at up to 15 sites. The Niblack Property boasts significant mineral resources, with prior estimates revealing 5.6 million tonnes of measured and indicated resources. The company is also awaiting a decision on its Hyder Properties, which include additional claim groups.
Blackwolf Copper and Gold has announced the acquisition of the Mineral Hill Property, marking its fourth claim group in the area. Located in the Golden Triangle near Stewart, BC and Hyder, AK, the property is contiguous with high-grade gold-silver targets and has not undergone modern exploration since the 1930s. The property hosts numerous gold, silver, and polymetallic prospects, including the Top Prospect with historical samples showing up to 48.03 g/t Au. Blackwolf aims to advance these prospects and drill the adjacent Cantoo prospect in the upcoming season.
Blackwolf Copper and Gold (OTC PINK: BWCGF) announced plans for a multi-phased exploration campaign on its Niblack and Hyder Projects in southeastern Alaska. The strategy includes diamond drilling for resource definition and exploration, focusing on the polymetallic Niblack Project and the Cantoo property. The Niblack Project has indicated resources of 5.6 million tonnes with high-grade copper, gold, silver, and zinc. Updated mineral resource estimates are expected by early Q3 2022, following completed drilling. The company appreciates shareholder patience during permitting processes.
Blackwolf Copper and Gold has granted stock options to its directors, officers, employees, and consultants, totaling 1,095,000 common shares. The options have an exercise price of $0.70 and will vest in stages over three years. This decision aligns with the company's Omnibus Share Incentive Plan designed to enhance shareholder value through mineral exploration and engineering in southeast Alaska. Blackwolf holds interests in various high-grade properties, including the Niblack project.