Goldman Sachs’ Bullish Gold Forecast & VIO.v's Exploration Goldman Sachs has reaffirmed its forecast of gold reaching $3,000 per ounce by the end of 2025. The firm highlights gold as a top commodity pick, citing favorable conditions like interest rate cuts, central bank purchases, and geopolitical instability.
https://www.theglobeandmail.com/investing/markets/stocks/GS/pressreleases/29678234/goldman-sachs-reiterates-3000-price-target-for-gold-bullion/
These favorable market conditions could benefit gold exploration companies like Vior Inc. (Ticker: VIO.v or VIORF for US investors).
Vior Inc. is advancing its flagship Belleterre Gold Project, strategically located in Quebec’s Belleterre Greenstone Belt within the prolific Abitibi-Temiscamingue region.
The project boasts competitive exploration costs and a fully funded and permitted 60,000m drill program, marking the most extensive exploration effort in this area in over 60 years. With 1,195 claims spanning 670 sq. km, the project includes a mix of high-grade brownfield deposits and greenfield regional targets.
A significant highlight of the Belleterre project is its inclusion of the historic Belleterre Gold Mine Trend, which previously yielded 750,000 oz of gold at an impressive 10.7 g/t Au, alongside 95,000 oz of silver.
VIO's ongoing drill program has already completed over 4,054m across 19 holes. Early results are promising, with one intercept showing 16.6m of sulphide-bearing quartz veining within altered mafic volcanic rocks, suggesting potential new extensions of mineralization.
With over 1,244 core samples sent for analysis and assay results pending, Vior is well-positioned to capitalize on the projected strength in gold markets.
As the company seeks to extend known mineralization and explore untouched areas, its extensive drill program could unlock significant value, aligning with the bullish gold price environment anticipated by Goldman Sachs.
https://www.vior.ca/new/vior-provides-update-on-60000-m-drill-program-at-belleterre-gold-project/
Posted on behalf of Vior Inc.