Gold hits Another Two-Week High + Spotlight on BWCG.v Gold prices reached their highest level in over two weeks on Wednesday, with spot gold rising 0.6% to $1,942.88 per ounce, and US gold futures up 0.5% to $1,963.50 per ounce. This increase was driven by a decline in the US dollar and Treasury yields, which occurred ahead of Federal Reserve Chair Jerome Powell's upcoming speech.
https://www.mining.com/gold-price-at-highest-in-over-two-weeks-ahead-of-powell-remarks/
Amid ongoing uncertainty surrounding inflation and interest rates, many investors are seeking out high-potential junior gold companies like Blackwolf Copper and Gold Ltd. (traded as BWCG.v or BWCGF for US investors).
It's worth highlighting that Canadian mining tycoon and billionaire Frank Giustra continues to show his support for BWCG, bolstering his ownership position by acquiring an additional 575,000 shares, further increasing his stake in the company to 13.4%.
More info here: https://www.swissgoldletter.com/blackwolf-copper-and-gold/
BWCG holds a 100% stake in the Niblack copper-gold-zinc-silver VMS project, along with promising ventures in Alaska and British Columbia's Golden Triangle. Notably, BWCG's recent drilling efforts at the Cantoo project have unveiled significant potential for high-grade mineralization, confirming the presence of a porphyry system.
Additionally, BWCG recently completed a successful acquisition of Optimum Ventures Ltd. (OPV), a strategic move that opens up exciting opportunities for exploration and development, particularly at OPV's Harry Gold Project in British Columbia. BWCG has ambitious plans to expand upon the promising discoveries made by its predecessor at Harry.
Full Press Release here: https://blackwolfcopperandgold.com/news/latest-news/blackwolf-completes-acquisition-of-optimum-ventures-andrew-bowering-joins-the-board-of-directors/ Posted on behalf of Blackwolf Copper and Gold Ltd.