Connect with us

Uncategorized

Analyst: Results of Sampling Program 'Highly Encouraging'

Source: Taylor Combaluzier   01/20/2023

Based on these data, the mining company hones in on three targets to explore further at its Alaska…

Share this article:

Published

on

This article was originally published by Streetwise Reports

Source: Taylor Combaluzier   01/20/2023

Based on these data, the mining company hones in on three targets to explore further at its Alaska properties, noted a Red Cloud Securities report.

Surface sampling at Blackwolf Copper & Gold Ltd.’s (BWCG:TSX.V) Hyder properties in Alaska returned high-grade gold and silver mineralization in multiple areas, reported Red Cloud Securities mining analyst Taylor Combaluzier in a Jan. 18 research note. Hyder encompasses the Cantoo, Mineral Hill, Texas Creek and Casey properties.

“We view these results positively as very limited modern exploration has been conducted on the Hyder properties, with virtually none conducted in the last 25 years, highlighting the upside potential present at the project,” Combaluzier wrote.

Sampling Results Explained

The analyst presented the key takeaways from results of the 330 rock grab and chip samples obtained from Blackwolf’s Hyder properties and assayed last year.

The results highlighted three prospective targets for additional exploration work: the Cantoo property and the Solo and Doghole areas on the Texas Creek property.

Cantoo Emerges as Frontrunner

At Cantoo, chips samples returned high grade gold, Combaluzier highlighted. Specifically, outcropping veins, up to 30 meters (30m) wide, demonstrated grades up to 37.5 grams per ton (37.5 g/t). Samples taken below these veins returned gold grades of 2.66 g/t, 0.74 g/t, 0.38 g/t and 2.6 g/t, among others.

The vein system at Cantoo potentially extends into the Mineral Hill property 2.5 kilometers to the north, based on grab sample results from the latter, purported Combaluzier.

They returned gold, silver, copper, lead and zinc mineralization in “strongly silicified and quartz veined boulders . . . eroding from a newly discovered, iron oxide-stained cliff over a 200m long trend.” This trend could be the extension of Cantoo mineralization.

Given all of this new information, Cantoo is a priority target for exploration this year, Combaluzier wrote. Blackwolf already has a permit to drill there.

Solo, Doghole Show Prospectivity

Regarding the Solo and Doghole areas at Texas Creek, samples from both assayed high grades of gold and even higher grades of silver, Combaluzier reported.

Highlight silver grades at Solo were 3,836 g/t and 386 g/t from grab samples, B0010866, and C0042635, respectively. Corresponding gold grades were 6.04 g/t and 20.6 g/t. These samples, the analyst explained, were “from a zone of structurally controlled quartz veining sulfide mineralization and alteration over 535m of strike length.”

The new data from Solo, Combaluzier pointed out, are geologically similar to Newcrest’s Brucejack deposit in British Columbia.

As for Doghole, grades included 16.6 g/t gold and 583 g/t silver on samples obtained from a set of northeast-trending quartz sulfide veins spanning 220m along strike.

“Based on these results, further exploration work is warranted on these prospects prior to testing with the drill bit,” wrote Combaluzier.

What to Watch For

What’s next for the Hyder properties, Combaluzier noted, is the announcement of Blackwolf’s 2023 exploration plans, to include a drill program at Cantoo.  

Another upcoming catalyst, expected in 2023, pertains to the Canadian company’s flagship asset, Niblack, also in Alaska. It is an updated resource estimate for the copper-gold-zinc-silver project.

“Positive exploration results from its flagship Niblack polymetallic project or secondary Hyder properties could potentially lead to a rerating of the stock,” purported Combaluzier.

Blackwolf’s current share price is about CA$0.25. (Red Cloud does not have a rating or price target on the mining company.)

Sign up for our FREE newsletter at: www.streetwisereports.com/get-news

Disclosures:
1) Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Blackwolf Copper and Gold Ltd. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. 

3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.

4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. 

Disclosures For Red Cloud Securities, Blackwolf Copper and Gold Ltd.,  January 18, 2023

Red Cloud Securities Inc. is registered as an Investment Dealer in all Canadian provinces and territories, and is a member of the Investment Industry Organization of Canada (IIROC). Part of Red Cloud Securities Inc.’s business is to connect mining companies with suitable investors. Red Cloud Securities Inc., its affiliates and their respective officers, directors, representatives, researchers and members of their families may hold positions in the companies mentioned in this document and may buy and/or sell their securities.

Additionally, Red Cloud Securities Inc. may have provided in the past, and may provide in the future, certain advisory or corporate finance services and receive financial and other incentives from issuers as consideration for the provision of such services. Red Cloud Securities Inc. has prepared this document for general information purposes only. This document should not be considered a solicitation to purchase or sell securities or a recommendation to buy or sell securities. The information provided has been derived from sources believed to be accurate but cannot be guaranteed. This document does not take into account the particular investment objectives, financial situations, or needs of individual recipients and other issues (e.g. prohibitions to investments due to law, jurisdiction issues, etc.) which may exist for certain persons.

Recipients should rely on their own investigations and take their own professional advice before investment. Red Cloud Securities Inc. will not treat recipients of this document as clients by virtue of having viewed this document. Red Cloud Securities Inc. takes no responsibility for any errors or omissions contained herein, and accepts no legal responsibility for any errors or omissions contained herein, and accepts no legal responsibility from any losses resulting from investment decisions based on the content of this report.

Company Specific Disclosure Details: In the last 12 months preceding the date of issuance of the research report or recommendation, Red Cloud Securities Inc. has performed investment banking services for the issuer.

Dissemination: Red Cloud Securities Inc. distributes its research products simultaneously, via email, to its authorized client base. All research is then available on www.redcloudsecurities.com via login and password.

Analyst Certification: Any Red Cloud Securities Inc. research analyst named on this report hereby certifies that the recommendations and/or opinions expressed herein accurately reflect such research analyst’s personal views about the companies and securities that are the subject of this report. In addition, no part of any research analyst’s compensation is, or will be, directly or indirectly, related to the specific recommendations or views expressed by such research analyst in this report.

( Companies Mentioned: BWCG:TSX.V,
)

tsx
tsxv
gold
silver
copper
zinc
iron

Share this article:

Uncategorized

Economic Inequality in the United States: A Comprehensive Overview

Economic Inequality in the United States: A Comprehensive Overview Economic inequality in the United States has been a persistent and growing issue for…

Share this article:

Continue Reading
Uncategorized

Big Week Ahead For The S&P 500

S&P 500 charge higher continued, and high beta plays didn‘t disappoint. Energy, financials, Russell 2000, emerging markets – all on fire. After…

Share this article:

Continue Reading
Uncategorized

Futures Drop After Horrific Intel Guidance, Brace For PCE Data

Futures Drop After Horrific Intel Guidance, Brace For PCE Data

US futures dropped after yesterday’s meltup, led lower by semiconductor stocks…

Share this article:

Continue Reading

Trending