Holding its value over time and serving as a hedge against inflation, gold has maintained its status as a safe haven investment during economic uncertainty due to its ability to retain its purchasing power. Gold mining stocks themselves offer a range of potential growth opportunities by leveraging the underlying value of gold reserves and operational successes.
Positioned in Alaska's Golden Triangle, a 500km belt of mineralization stretching from British Columbia, Blackwolf Copper and Gold (BWCG.v BWCGF) has emerged as a high-potential opportunity.
The Golden Triangle has hosted many past-producing mines, with several in various stages of being brought back into production, however, BWCG is the only player in on the US Side with its Cantoo Project.
BWCG recently commenced a maiden drill program at its Cantoo Mountain Project in Alaska where initial drill holes could be in excess of 700m to test multiple structures.
Containing a wide variety of mineral deposits, the Triangle is situated within the Sulphurets Hydrothermal System, which hosts one of the world’s largest concentrations of minerals including:
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188 million ounces of gold estimated reserves, with 47.5 million proven and probable
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1.2 billion ounces of silver, with 214 million proven and probable
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55 billion pounds of copper, with 10 billion proven and probable.
BWCG's program will test multiple stacked shallow-dipping vein structures and breccia including a 30m wide vein with high-grade results of up to 30.4g/t Gold, 2860 g/t Silver, and 5.8% Copper outcropping at surface.
As this is the maiden drill program, the first modern exploration effort and the first-ever diamond drill program at Cantoo, there is significant discovery potential for BWCG here.
BWCG CEO and Director, Morgan Lekstrom, commented:
"Cantoo stands out as one of the most compelling untested drill targets in the Golden Triangle. Notably, it lies just approximately 600 meters away from the Premier Mine on the Canadian side of the border. As we know, geology transcends boundaries and borders, and in this prolific region, which is also home to the renowned Brucejack Mine (acquired in 2021 for $2.8 Billion) and numerous other significant mining endeavors, we are poised to unveil the hidden treasures that lie beneath its surface."
For more information, check out the latest interview with BWCG CEO and Director, Morgan Lekstrom, discussing the program: https://www.youtube.com/watch?v=VrR0HgK7i6g&ab_channel=StockPulse
Posted on behalf of Blackwolf Copper and Gold Ltd.