Blackwolf Copper & Gold (BWCG.V) has released the assay results from an additional four underground drill holes on its Niblack polymetallic project in Alaska. Two holes, 226 and 227 were expansion holes drilled on the Lookout zone, while holes 225 and 228 were drilled from the Lookout Extension and were considered exploration holes.
The widths of the expansion holes (27 meters and 32.6 meters) are excellent and a copper-equivalent grade of respectively 3.08% and 2.67% is quite good as well. The exploration holes didn’t come even close to the resource expansion holes, but the exploration theory remains valid. The company is still waiting for the assay results from hole 229 and that could be a very interesting hole as it will be drilled in the direction where Blackwolf has been targeting resource expansion.
The current resource contains 5.6 million tonnes of rock in the indicated resource category for a total of 118 million pounds of copper, 317,000 ounces of gold and 5.35 million ounces of silver with 215 million pounds of zinc on top of that. The inferred resources contain an additional 61 million pounds of copper and 96 million pounds of zinc.
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