As global economic and political uncertainties persist, the gold sector continues to draw heightened attention from investors exploring opportunities in junior gold companies poised for substantial growth. Among these, Blackwolf Copper and Gold Ltd (traded as BWCG.v or BWCGF for US investors) has emerged as a promising player, actively involved in its ventures within the Golden Triangle of British Columbia and Alaska.
A significant boost to BWCG comes from the backing of prominent Canadian mining investor and billionaire Frank Giustra. Giustra, who recently acquired an additional 575,000 shares of BWCG, now holds a 13.4% stake in the company, reflecting confidence in its potential.
Recently, BWCG disclosed the conclusive findings from its 2023 drilling and surface sampling programs, showcasing the company's commitment to exploration and discovery in the rich resource regions.
The culmination of the 2023 drilling and surface sampling programs at both the Harry and Cantoo properties has brought forth exciting results. The Cantoo Property showcased high-grade mineralization in scree samples, while the Harry Property uncovered diverse mineralization styles over a 3-kilometer trend.
Notably, drilling efforts at the Cantoo Property revealed substantial potential for high-grade mineralization, confirming the presence of a porphyry system. Surface exploration emphasized high-grade mineralization, and the inaugural drill program intersected porphyry-style alteration with quartz-sericite alteration and sulfide mineralization
At the Harry Property, various mineralization styles were identified, including high-grade gold-silver veins and multi-ounce silver base-metal veins with gold credits. Noteworthy results include 312 g/t Au and 101 g/t Ag over 1 meter. Surface sampling and mapping also revealed two 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 poised to capitalize on the discoveries made at both the Cantoo and Harry Gold Properties, reinforcing its commitment to unlocking the full potential of these promising ventures.
Full Press Release: https://blackwolfcopperandgold.com/news/latest-news/blackwolf-reports-final-results-for-drilling-and-surface-sampling-on-the-harry-property-and-the-inaugural-drilling-on-the/
Posted on behalf of Blackwolf Copper and Gold Ltd.