During a recent keynote address at Red Cloud's Fall Mining Showcase 2023, billionaire investor Frank Giustra shared insights into his ventures within the junior exploration sector, notably highlighting his involvement with Black Wolf Copper and Gold (Ticker: BWCG.v or BWCGF for US investors).
Giustra expressed enthusiasm for Blackwolf, drawing attention to a recent drill hole at its Harry Gold Project that exhibited resemblances to another valuable deposit in close proximity. Currently holding a 13% stake in the company which has a small market capitalization of BWCG, which stands at less than $28 million.
What sets BWCG apart is its strategic portfolio strategically positioned in the coveted Golden Triangle region, spanning British Columbia and Alaska. The company recently celebrated a significant breakthrough at the Harry Gold Property in the Golden Triangle, northwest of Stewart, BC.
The noteworthy findings included 312 grams per tonne (g/t) of gold and 101 g/t of silver over a one-meter span, as well as 291 g/t of gold and 118 g/t of silver over another meter span in a single drill hole. Notably, these discoveries occurred within a broad zone featuring multiple, overlapping phases of sulphide mineralization and quartz veins, with additional assay results pending.
Beyond the success at the Harry Gold Property, BWCG extended has also conducted at its the Cantoo gold project, revealing assay results indicating values of up to 37.6 g/t Au. Buoyed by these encouraging outcomes, BWCG plans to persevere with further drilling activities at this promising project.
Full presentation here:
Posted on behalf of Blackwolf Copper and Gold Ltd.