Blackwolf Copper and Gold Ltd. July 6 reported that it has expanded its portfolio of mineral projects in Southeast Alaska with the staking of Casey, a high-grade gold-silver volcanogenic massive sulfide property just northwest of Hyder, Alaska, and Stewart, British Columbia.

"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," said Blackwolf Copper and Gold CEO Robert McLeod. "Numerous past-producing VMS deposits with different metal signatures occur in the Golden Triangle, including Granduc, Anyox, Eskay Creek, and Dolly Varden/Torbit."

With the staking of 85 new federal claims covering 1,757 acres (711 hectares), Blackwolf now holds 10,873 acres (4,400 hectares) of mineral exploration properties across three properties in the Hyder area.

Initial reconnaissance exploration work, including mapping, prospecting, and rock and soil sampling, will be performed at Casey during the 2021 field season.

"We are excited to discover the source of the high-grade massive sulfide boulders as well as explore additional gold-silver targets," said McLeod.

Only about half a mile (one kilometer) south of Blackwolf's recently staked Texas Creek property, west of Ascot Resources Ltd.'s Premier gold project, and south of the past-producing Scottie gold and Granduc copper mines, the Casey property has a great address for likely mineralization.

It hosts several historical precious and base metal prospects, occurring within a similar geological setting to significant mineral deposits found in BC's Golden Triangle. Country rocks are primarily volcanic and sedimentary of the earliest Jurassic Hazelton Group and various phases of primarily dioritic synvolcanic intrusive that comprise the Texas Creek Stock.

The primary target at Casey is to locate the bedrock source of subcropping and glacially transported massive and semi-massive sulfides, primarily sphalerite, galena, chalcopyrite, pyrite, and pyrrhotite within volcanic rocks. Boulders were reported to be up to one meter in diameter.

Of 35 historical float, subcrop, grab, and channel samples taken on the property, 17 returned assays of greater than 1% zinc, including eight over 10% zinc, often seen with high base and precious metals.

Individual high-grade samples include:

• Five grams per metric ton gold, 62.2 grams per metric ton silver, 0.1% copper and 29.5% zinc.

• 195.4 g/t silver, 2% copper, and 2.6% zinc; 300.3 g/t silver, 0.3% copper, 6.8% lead and 19% zinc.

• 680.6 g/t silver, 15.9% lead and 2.6% zinc.

Blackwolf Copper and Gold Ltd.

Since the sampling programs in 1992 and 1995, the three areas of glacial ice where mineralized subcrop or prospects have been identified at Casey have seen significant melting and new outcrop exposure. As a result, an ice sheet almost 1,000 meters long in the center of the claim block has almost completely disappeared over the 25 years since the last significant exploration.