BWCG: A Small Market Cap Gem in the Golden Triangle While global stock markets exhibited mixed performance today, gold prices saw an upward trend as risk appetites grew, even though uncertainty persisted. In this context of strong gold prices, Blackwolf Copper and Gold (ticker: BWCG.v or BWCGF for US investors) stands out with its small market cap (<$29M) and valuable assets located in the Golden Triangle of British Columbia and Alaska.
Source: https://www.albawaba.com/business/stocks-worldwide-mixed-gold-prices-edge-higher-1539120
BWCG's Niblack project, located on Prince of Wales Island, Alaska, boasts multiple deposits and prospects rich in copper, gold, zinc, and silver. A recent NI 43-101 report confirms resources of 5.854 million tonnes, averaging 0.94% Cu, 1.83 g/t Au, 1.73% Zn, and 29 g/t Ag.
BWCG's Hyder Properties consist of five project blocks. The company is particularly focused on the Cantoo project which features undrilled outcropping zones with assays of up to 37.6 g/t Au, and the Texas Creek project, which hosts various precious and base metal prospects, including two high-grade prospects.
BWCG also recently acquired the 1,333-hectare Harry Property situated within a geological corridor known for its gold-silver mineralization.
BWCG has been gaining investor support and interest as displayed by its recently closed oversubscribed and upsized private placement, raising $3.26 million. Notably, billionaire investor Frank Giustra led this investment, acquiring 3.125 million units and establishing a 13.02% ownership stake in BWCG.
The funds raised from BWCG's offering will be used to finance exploration activities across the company's various projects, including Niblack, Cantoo, and the Harry Project, as well as to meet general working capital requirements.
BWCG's immediate focus is on advancing the Niblack Project, with upcoming initiatives for the Harry and Cantoo projects expected in 2024.
Full News Here: https://blackwolfcopperandgold.com/news/latest-news/blackwolf-closes-oversubscribed-upsized-private-placement-with-lead-order-from-frank-giustra/
Posted on behalf of Blackwolf Copper and Gold Ltd.