Gold Surges to Two-Week High Ahead of US Fed Rate Meeting As explained in the Reuters article below, Gold hit a two-week high this morning ahead of the US Fed rate meeting. Source: https://www.reuters.com/article/global-precious/precious-gold-at-two-week-high-ahead-of-us-fed-rate-meeting-idUSL4N3AV1QE
As uncertainty around inflation and interest rates persist many are looking to invest in gold and gold exploration companies like Blackwolf Copper and Gold Ltd. (traded as BWCG.v or BWCGF for US investors). With this, BWCG closed in the green today with above-average volume putting it up 11% over the last 5 days.
BWCG maintains a 100% stake in the Niblack copper-gold-zinc-silver VMS project, complemented by promising projects in both Alaska and British Columbia's Golden Triangle. Of noteworthy significance, BWCG's recent drilling endeavor at its Cantoo project unveiled substantial potential for high-grade mineralization, substantiating the existence of a porphyry system.
BWCG also recently completed a successful acquisition of Optimum Ventures Ltd. (OPV), a strategic maneuver that opens up exciting new avenues for exploration and development, particularly at OPV's Harry Gold Project in British Columbia. BWCG harbors ambitious plans to build upon the promising discoveries made at Harry by its predecessor.
Full Press Release here: https://blackwolfcopperandgold.com/news/latest-news/blackwolf-completes-acquisition-of-optimum-ventures-andrew-bowering-joins-the-board-of-directors/
It's worth noting that Canadian mining tycoon and Billionaire Frank Giustra continues to extend his support for BWCG, strengthening his ownership position by acquiring an additional 575,000 shares, adding to his 13.4% stake in the company.
Check out this summary on X for more info: https://twitter.com/Fantastic_MrSTX/status/1699488967727739345 Posted on behalf of Blackwolf Copper and Gold Ltd.