Gold's surge to record highs in 2024 has highlighted a significant shift in the broader bullion market, with retail demand playing a notable role. Costco's success in selling gold bars reflects a growing trend among everyday consumers seeking to invest in gold as a hedge against inflation and economic uncertainty.
Spot gold rose nearly 30% this year outperforming traditional investments like U.S. equities and bonds, driven by factors such as the Federal Reserve’s shift towards interest-rate cuts. As a result, gold has reached prices above $2,600 per ounce, strengthening its position as a reliable store of value.
https://financialpost.com/news/retail-marketing/costco-gold-bars-bullion-prices-records
Against this backdrop, gold-focused junior mining companies such as Vior Inc. (Ticker: VIO.v, VIORF for U.S. investors) are poised to benefit from the rising tide in the gold sector. Vior's flagship project is the 348 km² Belleterre Gold Project, located in Quebec’s renowned Belleterre Greenstone Belt. The site is undergoing an ambitious, fully-funded 60,000-meter drilling campaign—the largest since mining ceased at Belleterre in 1959.
With established road access and active drill rigs, Vior aims to expand known mineralized zones, focusing efforts on the 6-kilometer Belleterre Mine Trend. Historically, this trend yielded more than 750,000 ounces of gold at an average grade of 10.7 g/t. The current drilling is designed to probe deeper and identify high-grade systems, potentially unlocking substantial new discoveries.
Beyond the mine trend, Vior is exploring other areas within its property, targeting approximately 14,000 meters in the Regional Area. This includes zones like the Guillet Mine Vein and Lac Paradis, where historical exploration has indicated potential for not only gold but also zinc and copper, adding to the project's attractiveness.
As global gold prices surge, Vior’s aggressive exploration strategy positions it to validate the untapped potential of this historic region, offering a promising opportunity to leverage the current market strength.
https://www.vior.ca/new/vior-commences-fully-funded-60000-m-drill-program-at-its-belleterre-gold-project/
Posted on behalf of Vior Inc.