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About
Name: Vior Inc.
Tickers: 🇨🇦 VIO 🇺🇸 VIORF 🇩🇪 VL5
Commodity: Gold
Jurisdiction: Canada
Stage: Exploration
Market Cap: $40M CAD
Vior’s flagship asset is called Belleterre Gold Project, which they are advancing with the strategic support of Osisko Mining Inc. The Belleterre Gold Project is an exciting district-scale property that includes Québec’s past-producing high-grade Belleterre gold mine. Vior has conducted extensive exploration at the Belleterre property and is finalizing plans for a +60,000m drill program. Vior is also actively developing its promising Skyfall Project in partnership with SOQUEM Inc., as well as several other properties with multi-mineral potential.
For further information, please refer to the Company’s disclosure record on SEDAR+ at www.sedarplus.ca.
Or read more about Vior Inc. at https://vior.ca/.
Interview
Antonio and Mark discussed the financials, exploration strategies, and drilling plans of Vior Inc., a Canadian-listed gold exploration company. They highlighted the company’s transition to a double-edged business model, focusing on both a prospect generator model and a flagship project, and the potential of significant sulphide gold deposits at their Southwestern Quebec property. They also discussed the projected increase in drilling costs, the upcoming marketing campaign, and the geological thesis for their drilling plans, with a focus on the brownfield area of a mining operation and the Old Belt Air gold mine.
Interview Summary
Please note that this is an AI-generated interview summary. Don’t rely on this summary, and always double-check the information yourself.
Mark discussed his flagship project, the Beltair goal project, and the company’s current business model. He explained that they have transitioned into a double-edged business model, focusing on both a prospect generator model and a flagship project. Mark also mentioned that they have no immediate plans to spin out any of their projects, but are instead focusing on advancing their flagship project. He further shared that they have already partnered with four of their seven projects and are actively seeking new partners. Antonio and Mark also discussed the company’s financials, revealing that they currently have $20 million in cash, mostly held as flow-through shares, with the remaining as hard dollars. They also touched upon an upcoming special shareholder meeting, where shareholders will vote to allow Cisco Mining to become a control shareholder.
Drilling Costs and Marketing Campaign
Antonio and Mark discussed the projected increase in drilling costs (GNA) and the upcoming marketing campaign to attract global investors. Mark estimated the GNA to rise to approximately $1.3 million in the coming year, a significant increase from the current $60,000 per month. Additionally, Mark mentioned that they would be finalizing their drilling contract with four companies by the end of the following week. Antonio questioned the low cost, to which Mark explained that their location in Quebec, near the mining hub, and the favorable infrastructure and manpower available, kept the costs low. Finally, Antonio pointed out that exploration stories usually involve multiple years and financings to reach 60,000 meters of drilling, implying that their current plan may be quickly advancing, but Mark had an interesting response to this.
Company’s Drill Program and Resource Delineation
Antonio and Mark discussed their company’s transition from limited surface work to a significant investment in a 60,000-meter drill program. Mark explained that the decision was based on the confidence gained from extensive field programs and a stripping program conducted over three years. The company, which has a market cap of 14 million, aims to explore high-priority targets around the Old Beltair Mine, with the initial focus on delineation rather than exploration. Mark suggested that the program could eventually reach several hundred thousand meters, but emphasized the importance of taking it one day at a time and not capping a potential resource too early. Antonio questioned the timeline for producing a mineral resource, but no specific date was given.
Brownfield Drilling Plans and Timeline
Antonio and Mark discussed the geological thesis and drilling plans for the brownfield area of a mining operation, with Mark detailing the focus for the next 80% of their drilling program. Mark indicated that they’re in the permitting process and hope to begin drilling by mid-June, initially with two rigs, ramping up to possibly three. The plan is to drill 60,000 meters by the end of next March, with initial results expected by the second half of August, 2024. Mark also mentioned their interest in exploring greenfield areas but noted that their immediate focus is on the brownfield due to its high potential for mineralisation.
Exploration and Drilling Plans
Antonio and Mark discussed the exploration and drilling plans for the historic mine site. Mark explained that the site contains primary gold mineralization, with the potential for additional minerals like silver and copper. They also discussed the geological features of the area, including the stacking of veins, fold hinges, and flattening of veins, which indicate significant gold deposits. The team plans to focus their drilling efforts at advanced targets in the brownfield area, with the majority of the drilling occurring in the historic mine area. Mark also mentioned that they are not planning to conduct metallurgical work this year.
Mark also talked about how the company is aiming to replicate the success of the past by focusing on shallow depths where a significant concentration of gold was previously found. The strategy involves drilling from north to south, testing old scopes, and following the stacking of veins near the surface.
