- Metals exploration and acquisition company StraightUp Resources has spent recent months optioning potential drill sites in the gold-producing region of Ontario’s famed Red Lake Mining District
- StraightUp conducted ground and airborne magnetic surveys last year to help guide its strategy for potential exploration, with results showing some “high merit” areas of potential mineralization
- The company has obtained the necessary permit for a summer drilling program on one of its five sites in Ontario’s well-known greenstone belt region in and around the Red Lake District
- Gold prices declined during the pandemic as many people held off on buying jewelry and turned to other sources for crisis market hedges, but prices have been trending upward since last summer as consumers resume lifestyle routines while wary of new inflationary pressures
Consumer sentiment about gold investment continues to reflect expectations that inflation may remain troublesome throughout the coming year, as people everywhere attempt to process the potential economic impacts of the COVID-19 pandemic and fiscal policies both in government and private sectors as a response to the pandemic.
The University of Michigan’s most recent survey of consumer sentiment reported a sharp drop to a 10-year low, driven by “weakening personal financial prospects, largely due to…
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