Goldman Sachs recently raised its gold price forecast to $2,900 per ounce for early 2025, citing factors such as increased central bank purchases and rising exchange-traded fund flows.
With geopolitical and financial uncertainties driving demand for gold, the market is expected to benefit from lower global interest rates and continued high demand from central banks, particularly China.
Source: https://www.theglobeandmail.com/investing/article-goldman-sachs-raises-gold-price-forecast-to-us2900oz-for-early-2025/
As the gold market strengthens, junior miners like Vior Inc. (Ticker: VIO.v, VIORF for U.S. investors) are well-positioned to capitalize on the upward momentum.
Vior’s 348 km² Belleterre Gold Project in Quebec’s historic Belleterre Greenstone Belt is undergoing a fully funded +60,000-meter drilling program, the largest at the site since the mine's closure in 1959.
With road access and two drill rigs already in operation, Vior is focused on extending known gold mineralization, particularly within the Belleterre Mine Trend—a 6-kilometre zone that previously produced over 750,000 ounces of gold at an average grade of 10.7 g/t.
The program will target high-grade gold systems and deeper zones, aiming to unlock significant new discoveries.
Vior’s exploration also extends to the Regional Area, where the company plans to drill 14,000 meters across multiple mineralization styles, including areas like the Guillet Mine Vein and Lac Paradis.
This effort seeks to uncover untapped resources, with historical data revealing polymetallic potential, including gold, zinc, and copper.
As the global gold market trends upward, Vior’s aggressive exploration and drilling efforts position the company to make significant strides in proving the region's gold potential.
More: https://www.vior.ca/new/vior-commences-fully-funded-60000-m-drill-program-at-its-belleterre-gold-project/
Posted on behalf of Vior Inc.