As explained in the Globe and Mail article below, the price of gold has shown positive performance in 2023, currently trading at $1,924.10 per ounce, up over 2.5% for the year and 14% over the past 12 months. Traditionally seen as a safe haven during economic downturns and a hedge against inflation, gold's value has historically risen during times of uncertainty and high inflation.
https://www.theglobeandmail.com/investing/markets/commodities/UDZ22/pressreleases/20214751/gold-whats-driving-the-price-of-the-precious-commodity/
Blackwolf Copper and Gold Ltd. (traded as BWCG.v or BWCGF for US investors) holds a 100% stake in the Niblack copper-gold-zinc-silver VMS project, along with promising properties in Alaska and British Columbia's Golden Triangle. Notably, BWCG's recent inaugural drilling campaign at Cantoo has revealed substantial potential for high-grade mineralization and provided compelling evidence of a porphyry system.
The company enjoys support from Canadian mining magnate Frank Giustra, who has recently bolstered his stake in BWCG by acquiring an additional 575,000 shares, further solidifying his 13.4% ownership in the company.
Check out this X summary for more info: https://twitter.com/Fantastic_MrSTX/status/1699488967727739345
BWCG recently announced its successful acquisition of Optimum Ventures Ltd. (OPV), a strategic move that unlocks new avenues for exploration and development at OPV's Harry Gold Project in British Columbia. BWCG has ambitious plans to build upon OPV's promising prior findings at Harry.
In conjunction with this acquisition, Andrew Bowering, a seasoned figure in the mining industry and a founding member of Optimum, has assumed a seat on Blackwolf's board of directors, taking over from Don Birak.
Andrew Bowering brings substantial expertise in mineral exploration and development, having led teams in the pursuit of diverse metals. His track record includes securing significant development capital and involvement in several publicly traded enterprises, such as Prime Mining, American Lithium, and Millennial Lithium, which was acquired by Lithium Americas for a substantial $400 million.
Full news here: https://blackwolfcopperandgold.com/news/latest-news/blackwolf-completes-acquisition-of-optimum-ventures-andrew-bowering-joins-the-board-of-directors/ Posted on behalf of Blackwolf Copper and Gold Ltd.