The Harry property is located within a 50km long, north-northwest trending axis featuring a number of high-grade gold occurrences and deposits (East Gold, Scottie Gold, Gold Wedge, Silver Coin, Big Missouri, Martha Ellen and Dilworth), a producing mine–the Valley of the Kings–and a famous former gold mine, the (Silbak) Premier. It covers numerous, red-weathering zones of alteration lying east of the Salmon Glacier.
The Harry Property is comprised of three contiguous claims covering area of approximately 1,333 hectares along the Granduc Access Road near Stewart, British Columbia, and is bordered by Ascot Resources Ltd. to the east and south, Pretium Resources Inc, to the north, and Scottie Gold to the west.
The property lies along the northwestern portion of a geological corridor prospective for gold-silver mineralization that is up to 3 kilometers wide and at least 15 kilometers long. The corridor extends from south of the Premier Mine, possibly in the US, north to the Scottie Gold Mine and beyond. Within this corridor are numerous deposits including the Premier, Big Missouri, Silver Coin and Martha Ellen deposits.
Blackwolf, through its recent acquisition of Optimum Ventures Ltd (“Optimum”), has an option to acquire an 80% interest in the Harry Property by making cash payments totaling $1,500,000 ($225,000 paid to September 2023), issuing common shares of 2,600,000 (520,000 issued to September 2023) and incurring expenditures of $9,000,000 expenditures ($2.6M incurred to September 2023) on the Property (or making a cash payment to the Teuton in lieu) over a period up to September 13, 2026. In addition, a 2% Net Smelter Royalty (no buyback) will be granted to Teuton.