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Canary Gold is focused on advancing a potentially world-class gold deposit in Brazil to discovery phase threshold.
The Rio Madeira property is considered prospective based on geological interpretations that indicate placer gold mineralization is the source of decades of artisanal dredge mining which is also contained within buried paleo-channels developed within the Madeira River valley, above and below a duricrust layer known as ‘Mocururu.’
The Madeira river is a known source of Gold. The adjoining lands offer area-wide potential.
A mild recession and weaker earnings have historically been gold-positive
Further weakening of the dollar as inflation recedes could provide support for gold
Chinese economic growth should improve next year, boosting consumer gold demand
Geopolitical flare-ups should continue to make gold a valuable tail risk hedge
Long-term bond yields are likely to remain high but a levels that have not hampered gold historically
The outlook for Gold appears positive for 2024 and beyond
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