The metals sector is experiencing dynamic shifts with metals such as copper and gold playing critical roles in various industries. While gold offers stability during economic uncertainties as its value is not tied to any specific industry thus making it a safe-haven asset, the demand for copper is expected to surge as the world transitions toward clean energy solutions due to its being an essential component in electrical wiring.
Positioned in both industries and offering diversification benefits, Blackwolf Copper and Gold (BWCG.v BWCGF) has established itself as a high-potential precious metals play, exploring the Golden Triangle, spanning both Alaska and British Columbia.
Recently, BWCG upsized its previously announced $2.5M private placement to $3.12M due to overwhelming interest following the successful completion of BWCG's initial drilling program targeting the Swann Zone at its Harry Property in BC's Golden Triangle which revealed abundant visible gold.
Encompassing 1,740m of drilling, seven drill holes were completed and encountered significant mineralization with the sixth hole intersecting coarse visible gold, including a ~10cm long streak at ~140m depth.
Notably, these vein phases have the potential to host significant gold, silver and base metal-rich mineralization based on previous surface sampling and drilling encountered 15.64m of 1437 g/t Silver Equivalent beginning at 8.75m depth approximately 250m from the sixth hole.
Further attesting to BWCG's potential is its Cantoo Project, one of the most compelling untested drill targets in the Golden Triangle, where previous visual assessment of the drill core indicated significant alteration and mineralization consistent with a porphyry system.
With assays pending and initial results expected in the coming weeks, BWCG is emerging as an early-stage gold and precious metals play with significant backing from billionaire Frank Guistra.
Latest News Release: https://blackwolfcopperandgold.com/news/latest-news/blackwolf-drills-abundant-visible-gold-at-the-newly-acquired-harry-project-in-b.c.s-golden-triangle/
Posted on behalf of Blackwolf Copper and Gold Ltd.