Drilling at Harry Project Unearths Visible Gold Amidst the persistent uncertainty regarding inflation and interest rates, numerous investors are actively exploring prospects within the gold exploration industry. Many are seeking out junior gold companies poised for substantial growth, among which Blackwolf Copper and Gold Ltd (traded as BWCG.v or BWCGF) stands out.
An illustrative case is that of Frank Giustra, a well-known Canadian mining investor and billionaire, who recently expanded his investment in BWCG by acquiring an additional 575,000 shares to add to his 13.4% stake in the company.
BWCG announced today that it has successfully completed its initial drilling program at the newly acquired Harry Project in British Columbia's Golden Triangle.
Full news here: https://blackwolfcopperandgold.com/news/latest-news/blackwolf-drills-abundant-visible-gold-at-the-newly-acquired-harry-project-in-b.c.s-golden-triangle/
The drilling, which targeted the Swann Zone, yielded positive results with significant mineralization encountered in all seven drill holes. Notably, the sixth drill hole revealed coarse visible gold at approximately 140 meters depth. This discovery is significant as it expands the strike length of the Swann Zone by 250 meters and remains open for further exploration.
The Swann Zone is characterized by a northwest trending structural corridor with multiple phases of quartz and sulphide veins. Previous surface sampling and drilling by Optimum Ventures have indicated the presence of gold, silver, and base metal-rich mineralization within these veins.
The Harry Property, situated in the Golden Triangle, holds strategic importance due to its location between the past-producing Scottie Gold Mine and the historic Premier Gold Project. Assay results from the drilling program are pending and are expected to provide more insights into the potential mineral wealth of the area.
BWCG's discovery shows similarities to other high-grade gold-silver deposits in the Golden Triangle. Overall, BWCG's drilling program at the Harry Project has shown promising signs of significant mineralization, particularly the discovery of visible gold, which could have a substantial impact on the project's prospects.
Taylor Combaluzier, P.Geo. (VP, Mining Analyst at Red Cloud) recently visited the Harry Project as well as BWCG's 5 Hyder gold projects. He gave BWCG a BUY rating with a target price of C$0.55/sh. You can check out the full report for more info on BWCG and its projects here: https://redcloudresearch.com/blackwolf-copper-and-gold-ltd-tsxvbwcg-site-visit-untapped-potential-on-alaskan-side-of-golden-triangle/
Posted on behalf of Blackwolf Copper and Gold Ltd.