BWCG Close an OVERSUBSCRIBED PP for up to $3.12M As highlighted in the CBS article linked below, gold has traditionally served as a dependable store of value, especially during periods of inflation and elevated interest rates like what we are experiencing now.
https://www.cbsnews.com/news/gold-prices-are-low-why-investors-should-buy-in-now/
For investors seeking junior gold exploration companies with substantial growth potential, Blackwolf Copper and Gold Ltd (traded as BWCG.v or BWCGF for US investors) warrants attention.
BWCG has control over multiple projects situated in the Golden Triangle of British Columbia and Alaska. These encompass six projects within the Hyder mining district, collectively referred to as the Hyder properties: Texas Creek, Cantoo, Rooster, Mineral Hill, and Casey.
BWCG's Cantoo Project, in close proximity to the Premier Mine, initially targeted stacked Au-Ag veins in its drilling efforts. However, it encountered significant alteration and mineralization consistent with a porphyry system, suggesting substantial potential.
Additionally, BWCG recently acquired the Harry project from Optimum Ventures. The Harry project, encompassing approximately 1,333 hectares, exhibited notable surface sulphide mineralization. Historical sampling yielded high-grade values for gold and silver, and visible sulphide mineralization was observable during site visits.
Significantly, BWCG achieved positive mineralization results in all seven holes drilled at the Harry Project, including the discovery of coarse visible gold with a streak approximately 10cm long in one of the holes.
Today, BWCG shared that it has closed the orderbook on its oversubscribed private placement for total gross proceeds of up to $3.12M. The offering was expanded due to high interest and is now fully subscribed.
The funds raised will be used for exploration activities at the company's projects and general working capital purposes.
Full news here: https://blackwolfcopperandgold.com/news/latest-news/blackwolf-closes-orderbook-on-oversubscribed-private-placement/
Posted on behalf of Blackwolf Copper and Gold Ltd.