Gold prices surged to their highest level in more than a fortnight yesterday, with spot gold witnessing a 0.6% uptick to reach $1,942.88 per ounce, while US gold futures marked a 0.5% rise, hitting $1,963.50 per ounce. As highlighted in the article below, this upswing was spurred by a weakening US dollar and declining Treasury yields, coinciding with the imminent speech by Federal Reserve Chair Jerome Powell.
https://www.mining.com/gold-price-at-highest-in-over-two-weeks-ahead-of-powell-remarks/
In a climate of ongoing uncertainty surrounding inflation and interest rates, numerous investors are turning their attention to promising junior gold companies, such as Blackwolf Copper and Gold Ltd., traded as BWCG.v or BWCGF for US investors.
Canadian mining magnate and billionaire Frank Giustra recently reinforced his support for BWCG by acquiring an additional 575,000 shares, further increasing his already 13.4% ownership in the company.
BWCG holds a 100% stake in the Niblack copper-gold-zinc-silver VMS project, alongside promising ventures in Alaska and British Columbia's Golden Triangle. Notably, BWCG's recent drilling efforts at the Cantoo project have unveiled substantial potential for high-grade mineralization, confirming the presence of a porphyry system.
Moreover, the exploration team has come across significant silicification zones that exhibit veining and sulfides, aligning with the surface features previously identified during sampling.
On the Cantoo project Giustra said, "Although it's early days, I think the potential for a high-grade discovery is exceptional.”
Full News: https://blackwolfcopperandgold.com/news/latest-news/blackwolfs-drilling-encounters-porphyry-style-mineralization-at-the-cantoo-project-alaska/
Posted on behalf of Blackwolf Copper and Gold Ltd.