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Blackwolf Copper and Gold announced promising results from its 2021 exploration program at its Hyder area properties, revealing high-grade gold-silver mineralization. Key findings include assays of 30.4 g/t Au and 2,860 g/t Ag at Cantoo, up to 10.0 g/t Au and 7,910 g/t Ag at Solo, and 11.3 g/t Au and 530 g/t Ag at Doghole. The company plans to prioritize drilling in these areas as modern exploration has been limited since the 1930s. The 2021 program included 243 rock samples, with 25 returning over 1.0 g/t Au. Blackwolf emphasizes the significant potential for discovery in this underexplored region.
Blackwolf Copper and Gold Ltd. has appointed Jodie Gibson, a seasoned geologist, as Vice President Exploration, effective February 1, 2022. Gibson, with over 15 years of experience, previously collaborated with CEO Rob McLeod on significant exploration projects, including the discovery of the Golden Saddle and Arc deposits. Marilyne Lacasse has stepped down but will continue as a technical advisor. The company has also granted stock options for 150,000 common shares at $0.70 per share, vesting over three years.
Blackwolf Copper and Gold (TSXV:BWCG, OTC PINK:BWCGF) has successfully closed a private placement, raising $2,862,751 from the sale of 4,089,644 units at $0.70 per unit. Each unit includes one common share and one-half of a warrant, allowing purchase at $0.85 over 18 months. Proceeds will fund exploration at the Niblack and Hyder Area Properties in Alaska. The offering is pending final approval from the TSX Venture Exchange, with a statutory hold period of four months plus one day.
Blackwolf Copper and Gold has announced a non-brokered private placement offering of units at $0.70 each, aiming for gross proceeds of up to $2.5 million. Each unit consists of one common share and one-half warrant, with the warrant exercisable at $0.85 for 18 months. The funds will support exploration activities at the Niblack Project and Hyder Area Properties in Alaska. Participation from certain directors is noted under related party transactions, and the offering is subject to regulatory approval.
Blackwolf Copper and Gold Ltd. (TSXV:BWCG) announces a trading symbol change effective May 26, 2021, to OTC PINK:BWCGF. This change aligns with the company's recent name change. Blackwolf aims to become a leader in transparency and innovation while collaborating with local and Indigenous communities. The company holds a 100% interest in the Niblack copper-gold-zinc-silver project in southeast Alaska, showcasing its commitment to building shareholder value through technical expertise.