Global copper supply deficits may cause prices to soar "As demand outpaces supply, global copper and aluminum supply deficits may cause prices to soar within a few years" with copper prices potentially jumping 20%, aluminum by 36% as demand outpaces supply.
With significant backing by Billionaire Frank Guistra, Blackwolf Copper and Gold (BWCG.v BWCGF) has emerged as a early-stage gold and precious metals play located in Alaska's Golden Triangle, a 500km belt of mineralization stretching from British Columbia.
Having completed a 3-hole, 1,356 m maiden drill program at its Cantoo Project, BWCG's initial visual observation of the drill core 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.