Frank Giustra, a billionaire and prominent figure in the mining industry, recently stressed the pressing need for Canadian pension funds to bolster their investments in the domestic resource sector on BNN Bloomberg. He pointed out Canada's lagging position in the global competition for critical minerals, highlighting the economic vulnerabilities stemming from insufficient domestic investment.
Watch the full interview here: https://www.bnnbloomberg.ca/video/~2870315
Notably, Giustra is both invested in and advises Blackwolf Copper and Gold Ltd (traded as BWCG.v or BWCGF for US investors), an exploration company operating in the Golden Triangle of British Columbia and Alaska.
Frank Giustra recently increased his stake in the company by 575,000 shares, bringing his ownership to 13.4%.
His confidence in BWCG is reinforced by the company's recent conclusive results from its 2023 drilling and surface sampling endeavors, which underscore BWCG's dedication to exploration and resource discovery in lucrative regions.
At the Harry Property, various styles of mineralization were identified, including high-grade gold-silver veins and multi-ounce silver base-metal veins with gold credits. Surface sampling and mapping revealed extensive areas of quartz-sericite-pyrite alteration, alongside a 3-kilometer trend housing multiple mineralized zones.
Similarly, promising high-grade mineralization was found in samples at BWCG's Cantoo Property, with drilling efforts confirming substantial potential for high-grade mineralization, indicating the presence of a porphyry system.
With secure funding for an extensive 2024 drill program on the Harry Property, BWCG is well-positioned to capitalize on its 2023 discoveries.
Full press release here: https://blackwolfcopperandgold.com/site/assets/files/5881/bwcg_nr2024-01-2023_expl_results_harry_and_cantoo_fina.pdf
Posted on behalf of Blackwolf Copper and Gold Ltd.