Impact: Mildly Positive
Blackwolf announced final assays from 2023 drilling at its Harry and Cantoo properties in the Golden Triangle near Stewart, BC. The results are from the seven-hole (1,741m) drill program at Harry that previously returned bonanza grades (read note), and the first-ever drill program at Cantoo. While the final assays from 2023 drilling at the Swann zone at Harry were not as impressive as those from the initial hole, we believe the company has made good progress and has likely improved its understanding of the geology at Harry. Similarly, at Cantoo the company has armed itself with a better understanding of the geology that should help it potentially vector towards higher-grade shoots and select targets for 2024 drilling. With a healthy treasury and a fully funded 2024 drill program, we believe Blackwolf is poised to hit the ground running in the next field season.