As the world is battling record inflation at the moment, and central banks across the globe are rising rates left, shortages keep increasing, consumer confidence is sinking, and in the background the Russia-Ukraine conflict seems to have entered a new phase as the Ukraine just liberated several thousands of square kilometers, Gold Terra Resource (TSXV:YGT)(OTCQX:YGTFF) (FRA:TXO) surprisingly announced a 541koz Au maiden resource estimate on their Con Mine property, more specifically on Yellorex.

1. Introduction

In a time where sizable gold deposits are becoming increasingly rare, and Tier I deposits not in the hands of majors are almost unheard of, Banyan Gold (TSXV:BYN)(OTCQB:BYAGF) is quietly expanding an already delineated 4Moz Inferred gold deposit at their Aurmac project in the Yukon.

Although the dust hasn’t settled in international capital markets, as inflation still runs rampant and the Federal Reserve is testing their rate policy, Vior Inc. (TSXV:VIO)(FRA:VL51)(OTCQB:VIORF), diligently goes on with their exploration program at their flagship Belleterre Gold project in Quebec.

With gold slightly recovering from its US$1700/oz lows, as it trades at US$1782/oz at the time of writing, it seems traders liked to see the Federal Reserve backing down from a very aggressive rate hike policy, as the world economy continues to weaken, with the Russia-Ukraine conflict still being far from over, shortages are everywhere, and inflation continues to be at extremely high levels.

Salar de Rincon; Salta Province, Argentina

In a time with record inflation, the Russia-Ukraine conflict advancing into a decisive phase as the Ukraine is almost completely shut off from the Black Sea now, with even Odessa under missile attack despite a transport/trading agreement on grain exports, the lithium product prices keep hovering at staggering heights, with spot pricing for lithium carbonate still near the 500,000 yuan/t, or US$75,000/t.

Klondike Copper Project, Colorado (US)

After receiving their exploration permits for the Klondike Copper project on June 22, 2022, Alianza Minerals (ANZ.V, TARSF.US) wasted no time and will commence drilling in the first week of August, 2022. Drilling was planned to start mid July, but according to CEO Jason Weber this was delayed last minute, in order to accommodate one additional (unplanned) hole at another project the rig was coming from, and the contractor also wanted to get the rig in for some maintenance before mobilizing to Klondike – Alianza agreed to the short delay.

Despite further increasing inflation, an ongoing Russia-Ukraine conflict which also creates food supply chain issues nowadays across the globe, slowing down economic growth in China but shortages for numerous commodities and products still growing or at high levels, and on top of this the stock markets looking at the central banks, especially the Federal Reserve regarding rate hike policies, Aztec Minerals Corp.

Despite increasingly challenging market sentiment, driven by incredible inflation, looming rate hikes, and a Russian “special operation” that isn’t just blocking commodity transport from the Ukraine, and Europe’s natural gas supply but seems to drag China into it as well, since the US would like to see a tougher stance on Russia, Tectonic Metals (TECT:TSX-V; TETOF:OTCQB; T15B:FSE) managed to close their recent private placement at C$2.3M.

It took quite a bit of time before Gold Terra Resource (TSXV:YGT)(OTCQX:YGTFF) (FRA:TXO) released the first results of their much anticipated deeper drilling of the Campbell Shear, but on June 27, 2022 holes 029 and 037 were finally announced. The results weren’t spectacular, but CEO Gerald Panneton indicated that despite the low grades the intercepts confirmed the hitting of the Campbell Shear mineralized zone, and that was the most important.

It probably sounds a bit out of context to discuss results of a winter drill program when the summer really is kicking in with tropical temperatures across the globe, with temperatures up to 38C in Toronto a week ago during last PDAC, but Kenorland Minerals (KLD.V)(3WQO.FSE)