Exploring For High-Grade Gold in Quebec Amid its 60,000-meter diamond drill program at its Belleterre Gold Project, Vior Inc. (VIO.v VIORF) joined the Ellis Martin Report to discuss the companys exploration for high-grade gold in Quebec:
https://www.youtube.com/watch?v=nPRSawLTahI Key Asset & Flagship Project: Belleterre Gold Project
- Ownership: 100% owned, including past-producing Belleterre Gold Mine
- Historical Production: Over 750,000 ounces at 10.7 g/t from the 1930s-1950s
- Current Land Control: 90% of the Belleterre Greenstone Belt, known for high-grade surface gold deposits
Strategy and Operations
- Hybrid Exploration Model: VIO conducts self-funded projects while partnering with others to advance additional assets.
- Systematic Drilling Program: 60,000 meters, aimed at proving a multi-million-ounce potential.
- Project Generator Model: Certain assets, like the Skyfall project, are jointly developed with partners, including SOQUEM (exploration arm of the Quebec government).
Financial Backing
- Major Supporter: Osisko Mining, backed by a $21.8 million financing to support the Belter project’s ambitious drilling program.
- Target of M&A: Goldfields, a large player in Quebec, is a potential future acquirer.
Quebec Advantage
- Exploration-Friendly: Supported by Quebec's generous mining incentives, with tax benefits and government backing.
- Resource-Rich: Quebec is a top province in Canada for gold, nickel, and other critical minerals.
Next Steps and Market Outlook
- Ongoing Drilling: Initial assay results expected soon, with deeper drilling planned.
- Gold Market Potential: High gold prices, undervaluation of junior miners, and increased investor interest signal a favorable market for VOR’s potential future growth.
For more information, refer to VIO's latest update on the drill program:
https://www.vior.ca/new/vior-provides-update-on-60000-m-drill-program-at-belleterre-gold-project/ Posted on Behalf of Vior Inc.