Vior's Strong Cash Position to Explore Belleterre Gold The cornerstone of Vior Inc's (Ticker: VIO.v or VIORF for US investors) portfolio is the Belleterre Gold Project, an expansive district-scale exploration initiative covering 572 square kilometers in Quebec's Abitibi-Temiscamingue region.
This project includes the historic Belleterre Gold Mine, which yielded approximately 800,000 ounces of gold at an exceptional grade of 10.7 g/t between 1936 and 1959.
With numerous high-grade gold occurrences and a fully funded 60,000-meter drill program scheduled to begin in summer/fall 2024, the Belleterre project is positioned for significant exploration and discovery.
The geological landscape of the Belleterre project is rich with potential, showcasing high-grade gold veins, exhalative Cu-Zn-Au-Ag deposits, and lithium-bearing pegmatite dykes.
The extensive land area encompasses a major portion of the Belleterre volcano-sedimentary belt, offering promising opportunities for further discoveries and resource expansion.
The project's strategic proximity to the advanced Tansim Lithium Project also presents additional value through potential lithium exploration.
Detailed data compilation and 3D geological modeling are currently underway at the project to guide a high-priority drill targeting program. The upcoming 60,000-meter drill initiative aims to uncover the considerable untapped potential of this historic mining district.
Financially, Vior is in a strong position, bolstered by a recent capital raise of $21.83 million, bringing its cash reserves to nearly $22 million.
This solid financial foundation supports the company’s valuation of $37 million, reflecting a well-capitalized and low-risk investment.
The confidence of major shareholders, including Osisko Mining, which holds nearly 25% of Vior, underscores the strong institutional belief in the company’s future prospects.
https://www.vior.ca/projects/belleterre-gold/
Posted on behalf of Vior Inc.