- StraightUp Resources is a mining acquisition and exploration company with flagship properties in Ontario, Canada, and an expanding international footprint
- Following on the acquisition of aerial digital magnetic survey data last year for its flagship properties, the company is preparing a summer work program that will include analysis of its data, identification of key geological targets, and geophysical sampling including a drill program
- The war Russia launched in Ukraine last month has driven some new interest in gold amid concerns about the war’s potential far-reaching impact as well and the immediate impact on Russia’s and the world economy as a result of growing international sanctions
- The Ontario exploration district where StraightUp’s property options are located has historically produced more than 30 million ounces of gold
The gold market has seen recent fluctuations between “war premium” highs over Russia’s assault on Ukraine and the fallout of expected dollar-supporting policies from the U.S. Federal Reserve (https://ibn.fm/cwVbI), although the resultant inflation fear-mongering appears to be easing somewhat (https://ibn.fm/oOsMh). Through it all, gold has maintained its luster for those who regard it as a solution for uncertain times, particularly Russia’s Central Bank, which has been driven to try to strengthen the country’s financial stability in the wake of serious economic sanctions imposed on Russia by numerous countries because of the war (https://ibn.fm/txwEh).
Precious metals explorer StraightUp Resources (CSE: ST) (OTCQB: STUPF) is advancing preparations for its summer 2022 work programs in the company’s optioned greenstone belt properties in Ontario, Canada’s…
NOTE TO INVESTORS: The latest news and updates relating to STUPF are available in the company’s newsroom at https://ibn.fm/STUPF
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