Amid ongoing uncertainty regarding inflation and interest rates, many investors are actively exploring opportunities within the gold exploration sector. Numerous individuals are on the lookout for junior gold companies with the potential for significant growth such as Blackwolf Copper and Gold Ltd (traded as BWCG.v or BWCGF).
A notable example is Frank Giustra, a prominent Canadian mining investor and billionaire, who has recently increased his stake in BWCG by acquiring an additional 575,000 shares, adding to his already substantial ownership in the company.
Yesterday, BWCG confirmed the successful completion of its initial drilling program at the newly acquired Harry Project in the Golden Triangle region of British Columbia.
https://blackwolfcopperandgold.com/news/latest-news/blackwolf-drills-abundant-visible-gold-at-the-newly-acquired-harry-project-in-b.c.s-golden-triangle/
The drilling initiative, focused on the Swann Zone, yielded positive results, with significant mineralization discovered in all seven drill holes. Of particular note, the sixth drill hole unearthed coarse visible gold at a depth of approximately 140 meters, including a ~10cm long streak.
This discovery is of great significance as it extends the Swann Zone's strike length by 250 meters and presents further exploration opportunities.
Overall, the drilling program at the Harry Project has demonstrated promising signs of substantial mineralization, especially the discovery of visible gold, which could significantly impact the project's outlook. Assay results from the drilling program are eagerly awaited and are anticipated to provide additional insights into the area's mineral potential.
Red Cloud recently conducted a visit to the Harry Project and BWCG's five Hyder gold projects. He has assigned a BUY rating to BWCG, with a target price of C$0.55 per share.
"We came away from our visit with a new appreciation for the untapped potential of Blackwolf’s projects, along with a better grasp of their connection to prolific past and current mining operations in the Golden Triangle."
Source: https://redcloudresearch.com/blackwolf-copper-and-gold-ltd-tsxvbwcg-site-visit-untapped-potential-on-alaskan-side-of-golden-triangle/
Posted on behalf of Blackwolf Copper and Gold Ltd.