- Mineral property exploration company StraightUp Resources is building a portfolio of gold and silver mining options in Canada, the United States and Peru
- The company has been particularly focused thus far on its options in Ontario, Canada’s prolific Red Lake mining district, where airborne surveys and follow up ground investigation have been completed to analyze site potential
- While gold’s market performance has been lackluster in recent months due to investor skittishness, many analysts predict that inflationary pressures will create a resurgence of gold-hungry activity
- Silver-bullish investors are likewise predicting the metals’ prospects will improve in coming years as a result of a renewed emphasis on green energy
The global COVID pandemic will soon enter its third year. Amid predictions that infections and hospitalizations will drop far enough that the health crisis could lose its pandemic status in 2022 (https://ibn.fm/JEx89), gold-bullish analysts are also anticipating that a huge jump in monetary printing during the past year and a half will continue to drive inflation that could lead the United States into a gold-hungry bear market.
“The Fed effectively doubled the US monetary base in just over a year-and-a-half, wildly unprecedented. That deluge added up to an insane $4,492b of new dollars injected into the system in that span,” Adam Hamilton recently wrote for Seeking Alpha.
“Gold has spent the past-half year grinding sideways on balance because apathetic investors are missing in action. … Several major gold-bullish catalysts are coalescing around a common linchpin of raging inflation. As this comes to a head, investors’ vexing gold apathy will be shattered. Facing a situation never before seen in market history, they will likely flock back to gold with a vengeance,” he concluded (https://ibn.fm/ueTKn).
Silver outperformed gold among investors in 2020, but lost its momentum in 2021. However, some silver-bullish forces predict that a renewed emphasis on green energy sectors expected during the coming years will improve the metal’s appeal.
Maria Smirnova of Sprott Asset Management stated in a recent webinar that by 2030 demand from the green energy space, specifically solar panels alone, is estimated to grow by 250 million to 400 million ounces, representing 25 to 40 percent of the entire silver market, The Investing News Network reported (https://ibn.fm/96QSt).
“I cannot for the life of me imagine a world in which we can conjure up an extra 300 million ounces of silver just like that. It will be hard work,” Smirnova said in the webinar. “So from that perspective, and again, overlaying the investment demand side of things, we’re quite bullish on silver.”
Precious metals explorer and mining property acquisition enterprise StraightUp Resources (CSE: ST) (OTCQB: STUPF) has been increasing its options for gold and silver-potential sites in line with its expectations of the metals’ ongoing potential, building a portfolio during the pandemic era that currently includes the West Cat gold and silver mine in the state of Nevada (United States), options for five gold properties in Ontario, Canada’s well-known greenstone belt (https://ibn.fm/vrjGo), and the potential acquisition of the a historically productive silver mine and processing plant in the Lima region of Peru through a right of exclusivity agreement (“ROE”) with Premier Silver Corp. (https://ibn.fm/1c86l).
The eastern Canada properties have commanded the lion’s share of the company’s attention thus far, and interpretation of recent high-resolution heli-borne magnetic surveys (“MAGs”) and the subsequent ground investigation efforts have confirmed “multiple areas of high merit and potential mineralization” (https://ibn.fm/fIGHM) on one of the sites, the Ferdinand Gold Project, which consists of 17 contiguous mining claims covering 7,143 hectares (17,651 acres) at the eastern end of Ontario’s Red Lake mining district.
“There is not one Ontario Geological Survey registered drill hole on the entire property,” the company states, adding that government-sponsored magnetic surveys of the site have nonetheless determined that there is a folded stratigraphy along possibly D2 structures, an important geographical feature for gold-bearing hydrothermal fluids and traps (https://ibn.fm/q3kU7).
Another of the Ontario sites, the 1,944-hectare (4,803.7-acre) Bear Head Gold Project, is considered particularly significant because historical drilling there in 1989 recorded gold at 11.09 g/t Au over 1.79m, 3.98 g/t Au over 2.3m and 3.08 g/t Au over 2.5m, but the results have not been followed up on by additional drilling (https://ibn.fm/8gkWt).
For more information, visit the company’s website at www.StraightUpResources.com.
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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