As banks are getting into trouble left and right, with central banks saving bank customers (SVB) and lending up to US$54B (Credit Suisse) at the last minute in order to avoid a financial Armageddon, gold is doing well as the fear trade is on again, Goldshore Resources (TSXV:GSHR)(OTCQB:GSHRF)(FWB:8X00) keeps on churning out solid drill results at their fully owned flagship Moss Lake project in Ontario.

After hitting impressive intercepts like 25m @ 46,3g/t Au at Homestake Ridge and 15,94m @ 1499g/t Ag at the Wolf Vein, Dolly Varden Silver (DV.V)(DOLLF.US) seems to have taken the main stage of successful exploring juniors.

Beside the headline-grabbing results, this has also a lot to do with the increasing tonnage potential because of these stellar results, as beforehand years of drilling under different management didn’t seem to make much of an impact, since the resource barely increased.

In a world where the Fed might be contemplating a 50 basispoint raise instead of the earlier communicated 25 points, because of persistent, higher than expected inflation, but macro economic fundamentals remain strong, the stock markets are side ranging as a result.

1. Introduction

In a time where large gold deposits are becoming increasingly rare, Goldshore Resources (TSXV:GSHR)(OTCQB:GSHRF)(FWB:8X00) set the bar high for themselves. After being guided by a 4M oz Au historic resource, Goldshore announced a robust NI43-101 compliant Inferred 4.17Moz @ 1.1g/t gold current resource in November 2022 at their fully owned flagship Moss Lake project in Ontario.

As 2022 has come to an end, it might be appropriate to not only discuss the latest, successful raise by Banyan Gold, but also reflect on their many successes in 2022 , the potential for the price of gold in 2023, something that is material to Banyan Gold of course, and macro economics and the sector as a whole.

Although the Federal Reserve raised interest rates 50 base points as anticipated, markets didn’t really like the near term outlook of Powell, as they hoped for a more dovish stance on inflation and economic developments. This resulted in more volatility, but fortunately the gold price remained at US$1800/oz levels.

Since Dolly Varden Silver (DV.V)(DOLLF.US) isn’t a pure silver play anymore since the Homestake Ridge acquisition, but about half gold and half silver, and the gold price has been trading well lately, the stock has shown strength as a consequence, also reinforced by strong drill results at Wolf and Homestake Ridge in the last few weeks.

We are living in interesting times these days. Just as the world seemed to have overcome the COVID pandemic, China confused the markets again by massive lockdowns, after 28,000 new cases were reported on November 22, 2022 alone. It is estimated that restrictions are affecting productivity up to one fifth of GDP, and in turn this has significant effect on the world economy, and most metal prices for example.

It was good to see Banyan Gold Corp. (TSXV:BYN)(OTCQB:BYAGF) intercepting economic mineralization at almost all of their step-out drill holes again at their flagship AurMac gold project in the Yukon. This clearly is testament to the great caontinuity of the deposits, and makes life easy for management as they are expanding on a 3.99Moz @ 0.60g/t Au Inferred resource.

CEO Elaine Ellingham (middle) at Wenot drill rig 

With the world economy slowly moving towards a recession it seems, with inflation, rate hikes, shortages and the Russia aggression far from being over, Omai Gold Mines (TSXV:OMG) decided not to back down and instead advanced their Omai gold project in Guyana, and reported a significant resource update on October 20, 2022.