ALERIO GOLD – SIGNIFICANT RESOURCE EXPANSION PLANNED
January 3, 2023 Author: Stefan Feulner news| financial
Photo by Jingming Pan on Unsplash
In contrast to the crisis-ridden stock market, the gold price remained almost unchanged year-on-year despite a high fluctuation range. Nevertheless, many experts see prices in the new stock market year beyond the previous all-time high of USD 2,074.70 per troy ounce due to uncertainties in the financial system and the continued high inflation. Smaller exploration companies, which perform like a lever both upwards and downwards, would benefit particularly from a sustained rise in the price of gold.
Guyana offers an extremely attractive investment opportunity. The state in the north of South America has a wealth of mineral resources such as bauxite, diamonds and gold. In the past, gold exports accounted for about 35% of the total export volume. The geological structures are similar to those of the West African continent, which is why global industry giants such as Reunion Gold, Troy, Omai Gold and G2 Goldfields have pitched their tents in Guyana.
A prominent player in the future could be Alerio Gold, which has three 100% owned properties. The Tassawini Gold Project clearly stands out. Here, CAD 34 million has already been spent in the past on constructing a camp, a runway and a jetty and investing in 47,509m of drilling in 1,279 holes. In addition, all necessary mining licenses have already been obtained for the approximately 499,000 ounces of gold, indicated and inferred, according to a 2010 resource study conducted by SRK. At this project, mineralization is open in several directions, which is why the area has already been expanded to 1,381 hectares.
Alerio Gold’s new CEO, Allan Fabbro, is advancing fieldwork following the successful topographic survey that located several additional high-grade targets on the property. Remote sensing work conducted by Auracle Geospatial Science Inc. focused on locating and identifying subsurface features within the Tassawini project, as well as completing an updated topographic surface with the creation of a new digital elevation model (DEM). The DEM is an important component for the anticipated updated mineral resource estimate and for future exploration and drilling programs.
With a market capitalization of only CAD 5.13 million, the Company should have the potential to be an outperformer candidate if gold prices continue to rise on a sustained basis, based on the work already completed on the Tassawini project.
. ……. Link to original article: GROWING OPTIMISM AT DEUTSCHE BANK, ALERIO GOLD AND SARTORIUS
