Marking the close of an action and achievement-filled year, Blackwolf Copper and Gold (BWCG.v BWCGF) provided a year-end letter to shareholders detailing their journey in creating a top-tier exploration and resource development company in structuring a path for growth for strategic investors, board, management team, advisors and projects.
In April, BWCG closed a $8.5 million private placement and gained the financial backing of billionaire mining investor Frank Guistra who has provided immeasurable support as a major shareholder.
Subsequently, BWCG completed another private placement for $3.2 million in October which exceeded their initial target.
Strengthening its position for planned future growth with a team known for its track record of executing, BWCG additionally undertook a strategic reorganization of the board and management team, appointing Morgan Lekstrom as CEO and Rob McLeod transitioning to Executive Chairman.
BWCG additionally completed the acquisition of Optimum Ventures and its interest in the Harry Project, strategically positioning BWCG in the Golden Triangle near Ascot's Premier Mine, scheduled to go into production.
Furthering BWCG's position as a premier precious and strategic metals explorer in the Golden Triangle, this project comes alongside BWCG's 6 million tonne high-grade Niblack Copper-Gold VMS Project in southeast Alaska.
Marking a significant gold discovery with two high-grade intercepts of 312 g/t of gold over 1 meter and 277 g/t of gold over another meter in the same hole, BWCG completed the initial drill program on the Harry Project of just under 2,000m.
Additionally, BWCG drilled the first two exploration holes at the Cantoo Project on the Alaskan side of the Golden Triangle
While assay results are still pending from the 2023 programs, they are expected to provide a clear direction to follow up on the discoveries.
Morgan Lekstrom, BWCG CEO stated:
"All this to say, we spent the last 12 months executing on projects that were promised but also setting up the right people and the launching pad from which we can grow Blackwolf significantly. These transactions, strategic people, and financings have given Blackwolf the look and feel of a company that has a bright future and one that can execute. I personally want to thank our current and former directors for their guidance and support of management's vision and goals."
Posted on behalf of Blackwolf Copper and Gold Ltd.