Amid gold hitting a record high last Thursday of $2,200 an ounce, the general consensus is that the precious metals market will "continue to thrive over a longer horizon".
As the world is unable to meet annual gold demand without recycling, the challenges facing gold's supply are increasing, however, this creates a strong market opportunity for gold juniors, including Blackwolf Copper and Gold (BWCG.v BWCGF)
Blackwolf Copper and Gold
With a strong portfolio of assets spanning the British Colombia and Alaska sides of the Golden Triangle, BWCG has emerged as a high-potential gold junior with its flagship project boasting an indicated resource of at least 6M tonnes grading 0.92% copper, 1.88 g/t gold, 1.72% zinc and 30 g/t silver.
BWCG's flagship, the advanced exploration stage Niblack Project, is located in Alaska with an NI 43-101 compliant resource estimate of high-grade copper, gold, silver and zinc.
Having seen significant infrastructure investment, Niblack boasts over 210,000m in drilling and an 850m long exploration tunnel with 150m of cross cuts to facilitate underground drilling and potential production.
Notably, a newly confirmed geologic interpretation suggests excellent potential for resource expansion and discovery along a 5km long trend of prospective VMS host rocks.
When discussing the impressive list of investors including billionaire mining mogul Frank Giustra, Lekstrom emphasized the "ton of exploration upside backstopped by a VMS deposit that can grow significantly", meaning the value at Niblack is there and can only be expanded.
Currently, Niblack boasts an indicated resource of at least 6M tonnes grading 0.92% copper, 1.88 g/t gold, 1.72% zinc, 30 g/t silver and BWCG is focused on determining it's 2024 work plan with the aim to get back to work in the near term.
Going forward, BWCG is focused on expanding its high-grade copper and gold discovery in Niblack in the near future, followed by expanding its secondary high-grade gold discovery at the Harry Property in the summer where 3km of targets and trends have been discovered.
Posted on behalf of Blackwolf Copper and Gold Ltd.