Billionaire Mining Investor Frank Giustra's Backing of BWCG In the current global economic and political climate, the gold sector is attracting heightened interest from investors looking for opportunities in junior gold companies positioned for growth. Among these, Blackwolf Copper and Gold Ltd (traded as BWCG.v or BWCGF for US investors) stands out, actively involved in ventures within the Golden Triangle of British Columbia and Alaska.
BWCG recently announced significant findings from its 2023 drilling and surface sampling programs, showcasing the company's commitment to exploration and discovery in resource-rich areas.
At BWCG's Cantoo Property, high-grade mineralization was discovered in scree samples, while drilling efforts revealed substantial potential for high-grade mineralization, confirming the presence of a porphyry system.
Similarly, at its Harry Property, diverse mineralization styles were identified, including high-grade gold-silver veins and multi-ounce silver base-metal veins with gold credits. Surface sampling and mapping at the Harry Property revealed extensive areas of quartz-sericite-pyrite alteration, along with a 3-kilometer trend hosting multiple mineralized zones.
With ample funding secured for a robust 2024 drill program on the Harry Property, BWCG is well-positioned to capitalize on these discoveries and unlock the full potential of its ventures.
Another significant development for BWCG is the increased investment by prominent Canadian mining investor and billionaire Frank Giustra, who has acquired an additional 575,000 shares of BWCG, bringing his stake in the company to 13.4%.
This move reflects Giustra's confidence in BWCG's potential and underscores his substantial involvement in both BWCG and the Canadian mining sector as a whole.
Giustra's advocacy for expanded investment in Canada's resource sector was recently highlighted in an article published in the Globe and Mail, emphasizing the importance of Canadian Pension Funds directing more capital into this sector.
Full article here: https://www.theglobeandmail.com/business/commentary/article-canadian-pension-funds-must-invest-more-in-the-domestic-resource/
Posted on behalf of Blackwolf Copper and Gold Ltd.