Blackwolf Copper and Gold Ltd V.BWCG

Gold prices record strongest October in half century

[MarketMakerss]

Gold prices have recorded their strongest October in nearly half a century, rallying 7.3% last month to close at $1,983 an ounce.

With a number of significant economic and geopolitical risks occurring this year, gold has shone as a safe-haven investment, making it a good time to consider adding gold exposure to a portfolio. (Source: https://www.mining.com/web/gold-prices-record-their-strongest-october-surge-in-nearly-half-a-century/)

Having drilled a significant new gold discovery at its Harry Property, located in the Golden Triangle, Blackwolf Copper and Gold (BWCG.v BWCGF) has emerged as a high-potential gold opportunity with 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.

As discussed by BWCG CEO Morgan Lekstrom, this milestone confirms a significant gold discovery with the high-grade gold occurring within coarse gold vein: https://youtu.be/sp_3BAikzu0?si=Qn9Idrxrnk03g_uF

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. Significantly, BruceJack stands out as one of the most prominent high-grade underground mines in North America and was acquired for USD$2.7 billion by Newcrest.

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.

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 1.78% 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.

Latest 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.