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Gold Hits Record Highs Above $3100/Oz — 7 Companies Positioned to Benefit from the Boom

Posted by AGORACOM-JC at 3:09 PM on Monday, March 31st, 2025

GFG logo served with static path of public directory

Gold prices have recently reached new record highs, continuing an impressive upward trajectory that began during Donald Trump’s presidency. Since January 20, the precious metal has gained approximately 15%, marking a significant rally that has caught the attention of investors worldwide.

In 2024 alone, gold prices surged by 27%, and the first few months of 2025 have already seen an additional 19% increase. This remarkable climb follows Trump’s announcement of new trade tariffs, which set the stage for economic uncertainty. While many had expected targeted tariffs on certain countries, Trump surprised markets by declaring that his reciprocal tariffs would apply to “all countries,” including a 25% tariff on auto imports.

The intensifying trade tensions and global economic unpredictability have led many investors to seek refuge in safe-haven assets like gold. With the uncertainty surrounding international trade and the broader financial markets, gold has become a go-to investment for those looking to hedge against volatility.

As the price of gold continues to soar, several exploration companies are well-positioned to benefit from this upward trend. These companies are actively exploring for gold in key regions around the world, further solidifying their place in this growing market.

Featured Gold Companies:

ESGold | LinkedIn

(CSE: ESAU) (OTCQB: ESAUF) 

ESGold Corp. An imminent producer in the mining-friendly region of Quebec, is advancing rapidly toward production with a high-margin economic model, minimal capital expenditures, and a district-scale exploration opportunity. The company’s flagship Montauban property, located just 80 kilometers west of Quebec City, is fully permitted and set to achieve production within six months of securing final financing. The construction cost is estimated at just $6M CAD, with an additional $2M CAD needed for initial operating expenses, making ESGold well-positioned to enter production swiftly and efficiently.

The Preliminary Economic Assessment (PEA) for the Montauban project highlights robust financials, including projected gross revenues of CAD $106.9 million, with potential upside of over $315 million in the first five years. The PEA indicates an Internal Rate of Return (IRR) of 66.3% based solely on tailings, with a remarkable 142% IRR when factoring in near-surface high-grade hard rock ore. ESGold’s payback period is just 0.9 years, offering a rapid return on investment. In Year 1, the project is expected to generate over $23 million in cash flow at current gold and silver prices. The production plan includes an initial throughput of 500 tonnes per day (tpd), which will scale to 1,000 tpd, allowing for a 300,000-tonne annual throughput once fully optimized. ESGold has already secured key infrastructure, including a completed mill building, hydroelectric line, and the necessary equipment to start operations.

View Hub: https://agoracom.com/ir/ESGoldCorp

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Home | Green River Gold

(CSE: CCR) (OTC: CCRRF)

Green River Gold Corp. is actively advancing its gold initiatives in British Columbia’s prolific Cariboo Mining District—one of Canada’s most historically productive gold regions. The company is currently generating near-term cash flow through placer gold mining operations on the Swift River at its Wabi Claim, where it has access to 200 square kilometers of gold-prospective property. This operation complements its exploration efforts at the 100%-owned Fontaine Gold Project, strategically located adjacent to Osisko Development’s Cariboo Gold Project. The Fontaine Project benefits from significant historical data and regional geological continuity, making it a high-priority exploration target for hard rock gold potential.

In 2024, Green River began a deep drilling program at the Fontaine property and intersected elevated gold mineralization, marking a promising step toward identifying a potentially significant gold system. The company also owns a full-service facility in Quesnel that supports both in-house operations and regional prospectors, giving it a unique infrastructure advantage. With cash flow from placer mining, strategic land positioning, and growing exploration upside, Green River Gold is carving out a differentiated position in the junior gold sector.

View Hub: https://agoracom.com/ir/GreenRiverGoldCorp

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Profile for Great Atlantic Resources Corp. (GR.v)

(TSXV: GR)

Great Atlantic Resources is a Canadian exploration company focused on uncovering high-potential gold assets within Atlantic Canada, particularly in Newfoundland. Its flagship asset, the Golden Promise Gold Property, is located in central Newfoundland and hosts multiple gold-bearing quartz veins. The most notable of these is the Jaclyn Main Zone for which a NI 43-101 inferred resource estimate details 357,500 tonnes at an average grade of 10.4 grams per tonne (g/t) gold, totaling approximately 119,900 ounces of uncapped gold. ​

View Hub: https://agoracom.com/ir/GreatAtlanticResources

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Home - Lancaster Resources Inc.

(CSE:LCR) (OTCQB:LANRF)

Lancaster Resources Inc. is a Canadian exploration company focused on critical minerals essential for electrification and decarbonization. Among its assets, the Piney Lake Gold Property stands out. Spanning 2,267.8 hectares in Saskatchewan, about 65 km east of La Ronge Provincial Park, it is surrounded by SGO/SSR Mining’s prolific gold claims—placing it in a region with a strong history of discoveries.

Historical geochemical sampling has identified promising gold showings along a north-south trend, including 7.55 g/t gold about 375 meters north of the property and 41.35 g/t gold approximately 4.1 km to the north. These findings highlight Piney Lake’s exploration potential. With strategic positioning and strong historical data, Lancaster Resources is advancing its exploration efforts, reinforcing its role in the evolving energy landscape.

View Hub: https://agoracom.com/ir/Lancasterresources

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Lake Winn Resources Corp. | Lithium Exploration Company

(LWR: TSXV)

Lake Winn Resources Corp. is a Canadian mineral exploration company focused on advancing its gold projects in Manitoba’s Flin Flon Gold Belt. Its flagship Cloud Project, 40 km northeast of Flin Flon, has delivered high-grade drill results, including 1m at 17.3 g/t gold and 1m at 10.2 g/t gold.

The company’s Quartz Project, 76 km southeast of Flin Flon, hosts historical high-grade intercepts, with reports of up to 19.9 g/t gold. Lake Winn has secured permits for access and drilling, reinforcing its commitment to exploration in this prolific mining region.

With projects in historically productive areas and strong early results, Lake Winn Resources is well-positioned in Canada’s gold exploration sector.

View Hub: https://agoracom.com/ir/LakeWinnResources

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Loncor Gold Announces Sale of Makapela Property for CDN$13,500,000

(TSX: LN) (OTCQX: LONCF)

Loncor Gold Inc. is a Canadian gold exploration company focused on the Ngayu Greenstone Belt in the Democratic Republic of the Congo (DRC). Its flagship Adumbi deposit hosts an estimated 3.66 million ounces of gold, with 1.88 million ounces categorized as indicated and 1.78 million ounces as inferred resources, making it the second-largest deposit in the DRC. Based on current gold prices, the project’s net present value (NPV) is estimated at approximately $2 billion post-tax.

Strategically located near Africa’s largest gold mine, the Barrick Gold-managed Kibali mine, Adumbi benefits from established infrastructure and industry expertise. Loncor’s goal is to elevate Adumbi to a Tier 1 asset by surpassing the 5-million-ounce resource threshold, positioning the company as a key player in the DRC’s gold mining sector.

View Hub: https://agoracom.com/ir/LoncorGold

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Front Page - Renforth Resources

(CSE: RFR) (OTCQB: RFHRF)

Renforth Resources Inc. is advancing its 100%-owned Parbec Gold Deposit, strategically located beside Agnico Eagle’s Canadian Malartic Mine—the largest open-pit gold mine in Canada—within Quebec’s Abitibi Greenstone Belt. The company is updating its geological model and preparing a new NI 43-101 resource estimate incorporating 15,000 metres of drilling since late 2019, along with previously excluded historical data, significantly enhancing Parbec’s scale and definition.

Renforth is also optimizing development strategies, including dewatering an underground decline for bulk sampling and detailed mapping. Additionally, the company plans to implement TOMRA sorting technology to pre-concentrate mineralized material, reducing waste and improving processing efficiency. With strong infrastructure access and strategic positioning, Renforth is well-placed to unlock Parbec’s full potential and expand its footprint in gold exploration.

View Hub: https://agoracom.com/ir/RenforthResources

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Monarch Gold $MQR.ca Intersects 17.26 g/t Au Over 1.95 Metres, Including 50.10 g/t Au Over 0.6 Metres, at its Croinor Gold Project $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IAG $MUX

Posted by AGORACOM-JC at 8:20 AM on Monday, February 4th, 2019


  • 2018 drilling program increases the size of the Croinor Gold deposit, which remains open in all direction
  • Highlights from the additional 6,645-metre diamond drill program:
    • Hole CR-18-685: 17.26 g/t Au over 1.95 metres, incl. 50.10 g/t Au over 0.60 metres
    • Hole CR-18-676: 10.33 g/t Au over 1.75 metres, incl. 25.40 g/t Au over 0.65 metres
    • Hole CR-18-678: 40.50 g/t Au over 1.00 metre
    • Hole CR-18-683: 23.61 g/t Au over 1.60 metres, incl. 43.70 g/t Au over 0.65 metres

MONTREAL, Feb. 4, 2019 – MONARCH GOLD CORPORATION (“Monarch” or the “Corporation”) (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report the last assay results from the 2018 diamond drill program at its wholly owned Croinor Gold project, 50 kilometres east of Val-d’Or, Québec.

“The 2018 diamond drilling program on the Croinor Gold property was a major success, as it enabled us to increase the size and gold content of the planned stopes, confirm and expand the two underground bulk sampling areas, extend the deposit to the east and west and at depth and establish that the deposit is still open in all directions,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. “The next phase will focus on upgrading the deposit through infill drilling and drilling pure exploration holes to test high-potential targets on our 151-km2 property.”  

The initial 20,000-metre program started in March 2018 and focused on expanding and upgrading the Croinor Gold deposit. The program was completed in early September, with a total of 19,935 metres of core drilled in 89 holes. Given the positive results from that drilling program, the Corporation decided to drill another 8,300 metres, and managed to complete 6,645 metres in 18 holes before the winter freeze (see longitudinal). All the assays for the original program and the additional 6,645 metres of drilling have been received (see table below and press releases dated July 10, 2018, September 5, 2018, October 4, 2018 and January 15, 2019, for a compilation of the 2018 drill results).

Hole CR-18-685 returned 17.26 g/t Au over 1.95 metres, including 50.10 g/t Au over 0.6 metre, 315 metres below surface. This hole was drilled 30 metres west of hole CR-18-676, and is 30 metres down dip from hole CR-11-407 and 45 metres up dip and to the east of hole CR-15-441. The two nearby historical holes combined with these two new holes will create a new stope in the western part of the deposit, extending the mineralization westward while keeping the deposit open to the west. The closest stope to these holes is 125 metres to the east.

Hole CR-18-676 returned 10.33 g/t Au over 1.75 metres, including 25.40 g/t Au over 0.65 metres. It was drilled to follow up on hole CR-18-583, drilled during the initial drilling program 20 metres west of hole CR-18-676 and 30 metres east of hole CR-18-685. CR-18-676 was drilled down dip, parallel to the host diorite, and intersected multiple mineralized zones within the diorite, as shown in the table below.

Hole CR-18-678 returned 40.50 g/t Au over 1.00 metre. It is located 20 metres west from a planned stope, 250 metres below surface and 25 metres west of hole CR-18-672, another hole added based on the positive results from the initial program.

Finally, hole CR-18-683 returned 23.61 g/t Au over 1.60 metres, including 43.70 g/t Au over 0.65 metres. It is located 8 metres west of a planned stope, thereby increasing the stope’s size and gold content.

Results from the additional 6,645 metres of drilling on Croinor Gold

Hole Length From To Width* Grade Area
Number (m) (m) (m) (m) (g/t Au) Targeted
CR-18-672 340 239.3 240.0 0.7 5.17 Deposit
251.4 252.0 0.6 9.37
261.6 263.6 2.0 11.24
Including 261.6 262.6 1.0 22.00
CR-18-673 424 264.7 266.7 2.0 10.46 Deposit
Including 264.7 265.7 1.0 19.25
273.0 273.7 0.7 9.67
305.8 306.3 0.5 9.31
CR-18-674 319 298.5 299.6 1.1 1.72 Deposit
CR-18-675 319 260.6 261.6 1.0 10.15 Deposit
CR-18-676** 751 27.4 30.25 2.85 2.20 Deposit
55.75 58.5 2.75 7.46
Including 55.75 56.3 0.55 10.75
Including 58.0 58.5 0.5 12.30
62.5 64.1 1.6 6.01
Including 63.6 64.1 0.5 11.15
76.3 76.8 0.5 5.78
84.7 85.3 0.6 22.20
255.6 256.1 0.5 8.47
274.95 278.9 1.8 6.12
Including 274.95 275.55 0.6 11.85
286.6 288.2 1.6 3.80
298.0 298.5 0.5 5.82
300.75 301.35 0.6 11.25
368.1 369.85 1.75 10.33
Including 368.6 369.25 0.65 25.40
374.15 377.0 2.85 7.64
Including 376.0 376.5 0.5 16.25
378.2 379.4 1.2 4.38
CR-18-678 325 265.5 268.4 2.9 15.07 Deposit
Including 266.4 267.4 1.0 40.50
CR-18-679 400 252.2 254.8 2.6 3.17 Deposit
CR-18-680 280 181.5 182.6 1.1 2.36 Deposit
CR-18-681 352 214.2 216.2 2.0 6.26 Deposit
Including 215.2 216.2 1.0 10.55
255.8 256.3 0.5 5.29
CR-18-683 301 216.15 217.85 1.6 23.61 Deposit
Including 216.15 216.8 0.65 43.70
Including 217.35 217.85 0.5 18.70
233.15 234.2 1.05 9.43
Including 233.65 234.2 0.55 14.00
CR-18-684 502 374.1 375.15 1.05 1.21 Deposit
CR-18-685 352 257.0 258.95 1.95 17.26 Deposit
Including 258.35 258.95 0.6 50.10
CR-18-686 460 360.0 361.0 1.0 2.07 Deposit
CR-18-687 400 318.6 320.6 2.0 1.98 Deposit
CR-18-690 352 298.7 299.2 0.5 0.08 Exploration
CR-18-691 262 No significant values Exploration
CR-18-693 250 94.4 94.9 0.5 0.37 Exploration
CR-18-694 256 70.9 71.5 0.6 0.61 Exploration
*The width shown is the core length. True width is estimated to be 90-95% of the core length.
**Hole CR-18-676 was drilled down dip, parallel to the diorite, to test for the presence of multiple directions of quartz veining. The width shown is the core length. True width is estimated to be 30-35% of the core length.

The Croinor Gold deposit is hosted in a sheared diorite sill three kilometres long by 60-120 metres wide, striking 295 degrees north and dipping 50-65 degrees to the north. The mineralization is associated with pyrite found within and adjacent to quartz-tourmaline veins.

Sampling normally consists of sawing the core into equal halves along its main axis and shipping one of the halves to the ALS Minerals laboratory in Val-d’Or, Quebec for assaying. The samples are crushed, pulverized and assayed by fire assay, with atomic absorption finish. Results exceeding 3.0 g/t Au are re-assayed using the gravity method, and samples containing visible gold grains are assayed using the metallic sieve method. Monarch uses a comprehensive QA/QC protocol, including the insertion of standards, blanks and duplicates.

The technical and scientific content of this press release has been reviewed and approved by Ronald G. Leber, P.Geo., the Corporation’s qualified person under National Instrument 43-101.

ABOUT MONARCH GOLD CORPORATION

Monarch Gold Corporation (TSX: MQR) is an emerging gold mining company focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor Mine, the Croinor Gold (see video), McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as other promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill.

Forward-Looking Statements
The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarch’s actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX accepts responsibility for the adequacy or accuracy of this press release.

View original content to download multimedia:http://www.prnewswire.com/news-releases/monarch-gold-intersects-17-26-gt-au-over-1-95-metres-including-50-10-gt-au-over-0-6-metres-at-its-croinor-gold-project-300787811.html

SOURCE Corporation Aurifère Monarques

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2019/04/c0504.html

Jean-Marc Lacoste, President and Chief Executive Officer, 1-888-994-4465, [email protected], www.monarquesgold.com; Elisabeth Tremblay, Senior Geologist – Communications Specialist, 1-888-994-4465, [email protected], www.monarquesgold.comCopyright CNW Group 2019