announced additional positive drill results from its newly acquired high-grade Harry gold-silver property in British Columbia's prolific Golden Triangle region, noted Couloir Capital in a December 4 research note.
Blackwolf intersected up to 312 grams per tonne (g/t) gold and 101 g/t silver over 1 meter at the Harry project's Swann zone. Analysts view these bonanza-grade intervals as similar to other significant deposits in the region and indicative of multi-million-ounce potential.
The Harry acquisition also added mining entrepreneur Andrew Bowering to Blackwolf's board, positioning the company for further success in the Golden Triangle alongside flagship assets Niblack and Hyder Properties.
Although assays are pending, Couloir sees observations of porphyry-style mineralization and alteration from initial drilling at the high-grade Cantoo property within Hyder as highly encouraging. A major discovery could eclipse the value of Niblack.
Based on progress across its portfolio, the firm maintains a Buy rating on Blackwolf Copper & Gold with a CA$0.39 price target showcasing a projected upside of 89%.
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Disclosures for Couloir Capital, Blackwolf Copper & Gold Ltd., December 4, 2023
This report has been prepared by an analyst on contract with or employed by Couloir Capital Ltd. The analyst certifies that the views expressed in this report which include the rating assigned to the issuer’s shares as well as the analytical substance and tone of the report accurately reflect his or her personal views about the subject securities and the issuer. No part of his / her compensation was, is, or will be directly or indirectly related to the specific recommendations. Couloir Capital Ltd. is affiliated with Couloir Securities Ltd., an Exempt Market Dealer. They shall be referred to interchangeably as Couloir Capital herein. Part of Couloir Capital’s business is to connect mining companies with suitable investors that qualify under available regulatory exemptions.
Couloir Capital, 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, Couloir Capital 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. Couloir Capital 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 consider 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 making an investment. Couloir Capital will not treat recipients of this document as clients by virtue of having viewed this document.
Company specific disclosures, if any
1 In the last 24 months, Couloir Capital Ltd. HAS been retained under a service agreement by the subject issuer. This service agreement includes analyst research coverage.
2 The views of the Analyst are personal.
3 No part of the Analyst’s compensation was directly or indirectly related to the specific ratings as used by the research Analyst in the Reports.
4 The Analyst DOES NOT maintain a financial interest in the securities or options of the Company.
5 Couloir Capital DOES NOT maintain a financial interest in the securities or options of the Company.
6 The information contained in the Reports is based upon publicly available information that the Analyst believes to be correct but has not independently verified with respect to truth or correctness.