Blackwolf Copper and Gold Ltd V.BWCG

HUI/Gold Ratio Nearing All-Time Lows

[MarketMakerss]

As the HUI/Gold ratio, an indicator of gold miner performance relative to the gold price is currently near its all-time low and substantially below its historical average of 0.29, it's evident that gold companies are being undervalued and could face significant growth potential. (Source: https://twitter.com/ceodotca/status/1719712564165140555?s=46&t=WI8lw8MoN5OqPfJMCKEOqg)

This demonstrates the substantial opportunities that gold juniors have in the market and, with heavy and consistent insider buying as of late, Blackwolf Copper and Gold (BWCG.v BWCGF) has emerged as a high-potential opportunity with significant backing from Billionaire Mining Investor Frank Giustra.

Earlier this week, BWCG drilled a significant new discovery at its Harry Property, announcing assay results including the intersection of 312 g/t gold over 1.0m from 139m to 140m as well as 277 g/t gold over 1.0m from 199m to 200m!

Notably, these initial assay results confirm a significant gold discovery with the high-grade gold occurring within coarse gold veins. As one of the most exceptional intercepts in the Golden Triangle in recent times, this discovery is a Newcrest BruceJack style gold system with ultra-high-grade quartz-gold veins.

Based on previous sampling, the quartz veins can host significant gold, silver and/or base metal-rich mineralization and these first assays occur within a wide zone of multiple overlapping phases of sulphide mineralization.

BWCG CEO, Morgan Lekstrom, commented:

The Swann Zone, like BruceJack, bears the imprint of the McLeod family's exploration and area knowledge. We are not only thrilled by the exceptional high-grade nature of this discovery, but also the tremendous value it holds for our shareholders. Notably, BruceJack was acquired for USD$2.7 billion by Newcrest and stands as one of the most prominent high-grade underground mines in North America. I firmly believe that we have the potential to develop another similar system.

Furthermore, this news follows BWCG's recent closure of a $3M oversubscribed and upsized private placement with the lead order coming from Billionaire Mining Investor Frank Guistra for 13.02% of all outstanding and common shares from 11.78% to 13.02% following the closure of an oversubscribed upsized private placement which was closed for gross proceeds of $3,263,532.

With additional assays pending from this first hole and the 6 remaining holes in the program still pending alongside assays from the Cantoo Property, BWCG is emerging as a high-potential and early-stage gold and precious metals play.

For more information, check out BWCG's CEO Morgan Lekstrom, on RedCloud discussing these results alongside BWCG's Cantoo Project, Leadership and Strategic Investors: https://www.youtube.com/watch?v=2pOdP6qNT_k&ab_channel=RedCloudTV

Full News Release: https://blackwolfcopperandgold.com/news/latest-news/blackwolf-drills-significant-new-discovery-at-the-harry-property-intersecting-312-g-t-gold-over-1.0-meter-10.0-opt-and-277-g-t/

Posted on behalf of Blackwolf Copper and Gold Ltd.