TSXV:BWCG - Post Discussion
Post by
MarketMakerss on Sep 29, 2023 3:48pm
"Is it time for gold stocks to shine?"
Viewed as a safe haven asset and the go-to investment during periods of economic turmoil and geopolitical tensions, gold has been gaining momentum, maintaining its intrinsic value and touching multi-year highs in 2022. With bullish sentiment for gold increasing, junior gold explorers and producers are positioned for growth in anticipation of higher gold prices.
In this landscape and with significant backing by billionaire Frank Guistra, Blackwolf Copper and Gold (BWCG.v BWCGF) has emerged as an early-stage gold and precious metals play located in Alaska's Golden Triangle, a 500km belt of mineralization stretching from British Columbia.
BWCG's initial visual observation of the drill core at its Cantoo Project following the completion of a 3-hole, 1,356 m maiden drill program, suggests significant alteration and mineralization consistent with a porphyry system.
Strong silicification zones including veining with sulphides were additionally intersected, corresponding with surface expressions identified from the previous surface sampling which include high-grade mineralization with grades up to 30.4 grams per tonne ("g/t") gold, 2,860 g/t silver and 5.8% copper.
As one of the most compelling untested drill targets in the Golden Triangle, Cantoo's proximity to the historic Premier Gold Mine currently in redevelopment is significant as well.
With assays pending for the initial drill holes, BWCG is now exploring the Harry Property which was recently acquired with the approval of its acquisition of Optimum Ventures.
BWCG CEO and Director, Morgan Lekstrom commented:
"With the acquisition of Optimum, Blackwolf has become a top developer of precious and strategic metal projects in Alaska and British Columbia's Golden Triangle. We are excited to welcome Optimum shareholders and our new board member, Andrew Bowering. This merger has brought exciting projects and expertise to Blackwolf, and we believe it contribute significantly to our goal of creating value for our shareholders."
Posted on behalf of Blackwolf Copper and Gold Ltd.
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