TSXV:BWCG - Post Discussion
Post by
MarketMakerss on Nov 03, 2023 4:25pm
New BWCG CEO Interview Discussing Harry Property Discovery
With results including the intersection of 312 g/t gold over 1.0m from 139m to 140m as well as 277 g/t gold over 1.0m from 199m to 200m, these assays confirm a significant gold discovery with the high-grade gold occurring within coarse gold veins.
As one of the most exceptional intercepts in the Golden Triangle in recent times, this discovery is a Newcrest BruceJack style gold system with ultra-high-grade quartz-gold veins. Significantly, BruceJack stands out as one of the most prominent high-grade underground mines in North America and was acquired for USD$2.7 billion by Newcrest.
Based on previous sampling, the quartz veins can host significant gold, silver and/or base metal-rich mineralization and these first assays occur within a wide zone of multiple overlapping phases of sulphide mineralization.
Furthermore, this news follows BWCG's recent closure of a $3M oversubscribed and upsized private placement with the lead order coming from Billionaire Mining Investor Frank Guistra for 13.02% of all outstanding and common shares from 11.78% to 13.02% following the closure of an oversubscribed upsized private placement which was closed for gross proceeds of $3,263,532.
With additional assays pending from this first hole and the 6 remaining holes in the program still pending alongside assays from the Cantoo Property, BWCG is emerging as a high-potential and early-stage gold and precious metals play.
Posted on behalf of Blackwolf Copper and Gold Ltd.
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