With gold already surpassing $2,700/ounce, Citi Research has raised its 3-month gold forecast to $2,800/oz, with a 6-12 month target of $3,000. 

https://www.reuters.com/markets/commodities/citi-stays-bullish-gold-hikes-price-3-month-outlook-2800-per-ounce-2024-10-21/

This bullish outlook not only signals strong investor interest in the gold sector but also creates favorable conditions for exploration companies like Vior Inc. (Ticker: VIO.v or VIORF for US investors) as they pursue discoveries in Quebec’s Belleterre Greenstone Belt.

Against this backdrop rising gold prices, Vior is actively advancing its 60,000-meter diamond drilling program at the Belleterre Gold Project, a historic mining area that could benefit from renewed exploration efforts.

https://preview.redd.it/4cbb89j39ewd1.png?width=881&format=png&auto=webp&s=3d5f1d20d9b87588ec23dd5c1c7a95651b12721e

The campaign, which began in late September, is targeting the Belleterre Mine Trend, known for its historical production.

Key Drilling Insights:

• Progress and Early Results: Vior has completed 19 drill holes covering 4,054 meters so far. Notably, one of the drill cores revealed up to 16.6 meters of sulphide-bearing quartz veining within altered mafic volcanic rocks, suggesting significant gold potential.

• Geological Model Alignment: The drill results indicate the possibility of extending mineralization beyond historically mined areas, aligning with Vior’s geological model for Belleterre. This supports ongoing efforts to identify new zones along the trend.

• Strategic Targeting: Observations from core logging show mineralization patterns similar to past production, helping Vior fine-tune its drill targets as it explores both near-surface and deeper zones.

• Upcoming Assay Results: Over 1,244 core samples have been sent for analysis at ALS Laboratories, with results expected shortly.

With gold prices at record levels, Vior's drilling campaign is well-positioned to potentially capitalize on the favorable market dynamics, as the company continues its exploration through late 2024 and into 2025.

https://www.vior.ca/new/vior-provides-update-on-60000-m-drill-program-at-belleterre-gold-project/

Posted on behalf of Vior Inc.