Blackwolf Signs MOU With Two Other Companies To Study Viability of Hub and Spoke Mill Complex at a Permitted Site at Kitsault, BC

Jan 31, 2023

VANCOUVER, BC / ACCESSWIRE / January 31, 2023 / Blackwolf Copper and Gold (" Blackwolf ", or the " Company ") (TSXV:BWCG, Financial), (OTC PINK:BWCGF) is pleased to announce that it has signed a Memorandum of Understanding (" MOU ") with Dolly Varden Silver (TSXV:DV, OTC:DOLLF), and New Moly LLC (collectively, the " Companies "), to jointly study the viability of using New Moly's Kitsault Project (" Kitsault " or the "Project") as the potential site for a centralized polymetallic processing facility that could accept mineralized material from the Companies' respective deposits (" Kitsault Polymetallic Mill "), located at or near tidewater in northwestern, B.C. and/or southeastern, Alaska (See Figure 1). Prior to signing the MOU, Blackwolf undertook initial discussions with Nis g a'a Lisims Government regarding potential amendments to the Mines Act Permits for Kitsault to support a polymetallic mill.

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