BWCG Shares Exciting Developments at Red Cloud's Showcase The recent Red Cloud Fall Mining Showcase 2023 featured a presentation by Morgan Lekstrom, the CEO of Blackwolf Copper & Gold (ticker: BWCG.v or BWCGF for US investors) where he delved into the unique aspects that set Blackwolf apart in the mining space, focusing on their strategic investments, leadership, and promising projects.
Strategic Investor and Leadership:
Lekstrom emphasized the strategic backing from Billionaire Investor Frank Giustra, who became a significant investor with a 13% stake in the company. Lekstrom outlined the three pillars of Blackwolf's strength: strategic investment, leadership, and promising projects. Rob McLoud, a third-generation miner and the chairman of the board, was praised for his deep expertise and tenacity in exploration.
Project Overview:
The heart of Blackwolf's showcase was its project portfolio. Lekstrom discussed the Harry project, strategically positioned between the Ascot and Scotty discoveries in the Golden Triangle. The recent discovery of visible gold and promising drilling results at Harry showcased the project's potential to become a significant player in the region.
The presentation then shifted to the Cantoo property, located on the Alaska side of the Golden Triangle. Lekstrom shared the fascinating story of how Rob McLoud's curiosity and exploration led to the discovery of outcropping veins, hinting at a possible feeder system. The untapped potential of this area, coupled with its proximity to Ascot, added to the excitement.
Lastly, the focus turned to the Niblack project, BWCG's Southeast Alaska resource. Lekstrom highlighted the resource's diversity, containing copper, gold, silver, and zinc. Recent geological insights have expanded the project's potential, making it a key asset for the company.
Growth Catalysts:
To address the crucial question of growth, Lekstrom laid out Blackwolf's strategic plan. The company's ability to conduct year-round exploration, coupled with upcoming results from the Harry and Cantoo projects, presented upcoming catalysts. Additionally, Blackwolf is actively exploring further mergers and acquisitions in the district, leveraging Rob McLoud's expertise and Frank Giustra's financial backing.
Full presentation here:
Posted on behalf of Blackwolf Copper and Gold Ltd.