Blackwolf Stakes Casey VMS Property, Southern Golden Triangle Belt
Blackwolf Copper and Gold Ltd. has acquired a 100 percent interest in high-grade gold-silver precious and base metal targets located northwest of the mining towns of Hyder and Stewart (British Columbia, Canada). One of the primary targets is the presumed source of subcrop, float, and glacially transported volcanic hosted-massive sulphide (VMS) mineralization, spanning an area over 1,000 by 2,000 meters. The claims were staked approximately one-kilometer due south of Blackwolf’s recently staked Texas Creek Property, west of the Premier Gold Project and south of the past-producing Scottie Gold and Granduc Copper Mines.
“Staking the Casey Property adds another highly-prospective unexplored project to our pipeline, particularly targeting polymetallic base and precious metal mineralization similar to our flagship Niblack Project,” says Robert McLeod, President and CEO of Blackwolf Copper and Gold. “Numerous past-producing VMS deposits with different metal signatures occur in the Golden Triangle, including: Granduc, Anyox, Eskay Creek, and Dolly Varden/Torbrit. We are excited to discover the source of the high-grade massive sulphide boulders as well as explore additional gold-silver targets.”
A total of eighty-five new federal claims were staked, covering 711 hectares; the Hyder area properties now comprise 4,400 hectares in three blocks. Initial reconnaissance exploration work, including mapping, prospecting and rock and soil sampling will be performed during the 2021 field season.
Blackwolf Claims, Regional Geology, Major Deposits and Mines, Southern Golden Triangle.
The Casey Property hosts several historic precious and base metal prospects, occurring within a similar geological setting to significant mineral deposits in the Golden Triangle. Country rocks are primarily volcanic and sedimentary rocks of the earliest Jurassic Hazelton Group and various phases of primarily dioritic synvolcanic intrusive, that comprise the Texas Creek Stock. Blackwolf’s current assay data set is from prospect documentation work completed by US Federal Government geologists in the 1990’s. These assay results are historical in nature, were collected and reported by US Government Geologists prior to 2001 and NI 43-101, have not been verified by Blackwolf and should not be relied upon.
The primary target at Casey is to locate the bedrock source of subcropping and glacially transported massive and semi-massive sulphides, primarily sphalerite, galena, chalcopyrite, pyrite and pyrrhotite within volcanic rocks. Boulders were reported to be up to one meter in diameter. Of 35 historic float, subcrop, grab and channel samples taken on the Property, 17 Assayed over 1% zinc including eight over 10% zinc, often with high base and precious metals. Individual high-grade samples include: 5.0 g/t Au, 62.4 g/t Ag, 0.1% Cu and 29.5% Zn; 195.4 g/t Ag, 2.0% Cu, 2.6%Zn; 300.3 g/t Ag, 0.3% Cu, 6.8% Pb and 19.0% Zn and 680.6 g/t Ag, 15.9% Pb and 2.6% Zn. Since the sampling programs in 1992 and 1995, the three areas of glacial ice where mineralized subcrop or prospects have been identified have seen significant melting and new exposure of outcrop. An ice sheet almost one kilometer long in the center of the claim block has almost completely disappeared over the past twenty-five years.
Additionally, the Engineer Mine is located on the eastern side of the Casey Property that was actively explored during the 1920s and 30s. Historic sampling by US Department of Mines geologists returned high-grade gold and silver values. Of 20 grab and channel samples collected, samples ranged from trace to 26.3 g/t Au and 366.9 g/t Ag. 11 samples assayed over 1.0 g/t Au, with individual samples including: 14.5 g/t Au and 366.9 g/t Ag; 26.3 g/t Au and 63.42 g/t Ag; 12.62 g/t Au and 47.3 g/t Ag; 14.7 g/t Au and 168 g/t Ag.
Casey Property: Geology, Historic Samples and Prospects.
In This Issue
50 Years of ANSCA
Fifty years ago, as the Watergate scandal swirled around then-President Richard Nixon, he signed into law the Alaska Native Claims Settlement Act (ANCSA). It was the largest land claims settlement in the nation’s history and a stark departure from agreements forced on Tribes in the Lower 48.