This October, gold prices experienced their strongest surge for that month in nearly 50 years, with a 7.3% increase to close at $1,983 per ounce, the best October performance since 1978. This remarkable rise in gold's value occurred despite challenges from rising Treasury yields and a strong U.S. dollar. Gold, typically impacted negatively by higher bond yields, has bucked this trend due to various economic and geopolitical factors, including record-high national debt, credit card delinquencies, recession concerns, and ongoing conflicts.
Source: https://www.mining.com/web/gold-prices-record-their-strongest-october-surge-in-nearly-half-a-century/
Given the surging interest in gold, many investors are now turning their attention to this precious metal and promising gold exploration ventures. One standout company in this space is Blackwolf Copper and Gold, (BWCG.v or BWCGF for US investors), with a relatively modest market capitalization of under $29 million.
What makes them particularly appealing is their portfolio located in the sought-after Golden Triangle region of British Columbia and Alaska. Even billionaire investor Frank Giustra has taken notice, investing in BWCG enough to own 13% of it.
BWCG recently made a significant discovery at their Harry Gold Property, finding 312 grams per tonne (g/t) of gold and 101 g/t of silver over a 1-meter span, and 291 g/t of gold with 118 g/t of silver over another meter span in one hole with additional assays pending.
BWCG also conducted drilling at their Cantoo project with assays returning values of up to 37.6 g/t Au. With this, BWCG plans to continue drilling at this project.
Company Website: https://blackwolfcopperandgold.com
Posted on behalf of Blackwolf Copper and Gold Ltd.