Blackwolf Stakes the Mineral Hill Gold-Silver Property, Golden Triangle, Alaska - Seite 2

The Top Prospect is located approximately three kilometers south of the large, outcropping gold-silver veins and breccias on the Company's Cantoo Property (see Blackwolf's Press Release, Feb 23^rd, 2022). Multiple historic prospects and adits occur between the Top and Cantoo targets and include anomalous copper values (chip samples include 1.1m chip at 0.17% Cu, 0.2m chip at 0.51% Cu) and gold-silver assays (1.3m chip at 2.43 g/t Au, 72.0 g/t Ag). Additionally, there is significant alluvial placer gold occurrences on the east and west side of the Cantoo and Mineral Hill Properties.

The rock samples discussed on the Mineral Hill Property are considered historic in nature and have not been verified by the Qualified Person.

Foto: Accesswire

FIGURE 1: Hyder area property locations with regional geology, mines and major deposits in the Golden Triangle.

Foto: Accesswire

FIGURE 2: Cantoo and Mineral Hill properties showing historic workings, samples, and placer gold areas.

THE GOLDEN TRIANGLE
Blackwolf's Hyder Properties are located in the Golden Triangle, a regional mineral belt in Northwest British Columbia and Southeast Alaska. Significant mines and deposits in the area include: Brucejack, Premier, Big Missouri, Scottie Gold, Red Mountain, Galore Creek, KSM, Eskay Creek, Porter and Torbrit, and new discoveries by Goliath Resources and Eskay Mining. The region, centered around the towns of Stewart, BC and Hyder, Alaska, has world-class metal endowment. Set in the Stikinia Paleozoic-Mesozoic island arc terrane, the stratigraphy of the area is dominated by Triassic to Jurassic rocks of the Stuhini and Hazelton Groups, respectively. Porphyry, VMS, and other intrusion-related deposits in the area are dominantly hosted in the Jurassic Hazelton Group strata associated with coeval intrusions, with commonly overprinting Eocene epithermal-style vein-dominated mineralization.

HYDER PROPERTIES
Acquired through staking in 2021 and 2022, Blackwolf has a 100% interest in its Hyder properties which are comprised of four claim groups (Texas Creek, Cantoo, Mineral Hill and Casey), totaling 4,360 hectares across 534 U.S. Federal Mining claims and four State of Alaska Mining claims. These properties are located between 10 to 20 kilometers northwest of Hyder, six kilometers south of the past-producing Granduc Copper Mine, 10 kilometers south of the past-producing Scottie Copper Mine and due west of the past-producing Premier Gold Mine, currently in redevelopment by Ascot Resources. The claims are underlain by regionally prospective Lower Hazelton volcanics and coeval Texas Creek polyphase intrusives. Very limited modern exploration has been performed in the area, with virtually none in the last 25 years.