Blackwolf Signs MOU with two Additional Companies to Study Viability of Hub and Spoke Mill Complex at a Permitted Site at Kitsault, BC

Mar 21, 2023

VANCOUVER BC / ACCESSWIRE / March 21, 2023 / Blackwolf Copper and Gold ("Blackwolf", or the "Company") (TSXV:BWCG, Financial)(OTC PINK:BWCGF) is pleased to announce that it has signed an updated Memorandum of Understanding ("MOU") with Goliath Resources Limited (TSXV: GOT, OTCQB: GOTRF, Frankfurt: B41F) andCoast Copper Corp. (TSX-V: COCO), joining Dolly Varden Silver Corp. (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 Nisga'a Lisims Government regarding potential amendments to the Mines Act Permits for Kitsault to support a polymetallic mill.

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