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Gold's Discovery Deficit Just Hit a Record; Here's What Comes Next
Gold's Discovery Deficit Just Hit a Record; Here's What Comes Next Canada NewsWire ...
About this update from Great Pacific Gold Corp.
[{"type":"text","content":"\n\n\nGold's Discovery Deficit Just Hit a Record; Here's What Comes Next\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nCanada NewsWire\n\n\nIssued on behalf of Golden Goose Resources Corp.USANewsGroup.com CommentaryVANCOUVER, BC, May 8, 2026 /CNW/ -- Half of every exploration dollar on Earth now goes to gold, and almost none of it is chasing new discoveries[1]. Gold budgets jumped 11% to $6.15 billion last year, yet grassroots exploration, the early stage fieldwork that actually finds the next deposit, sank to just 21% of global spending, the lowest level ever recorded[2]. Majors are spending record sums to squeeze extra life out of aging mines while the discovery pipeline quietly drains. That structural gap between where the money is going and where the next ounces will come from is creating a pivotal window for companies still doing the foundational geology: Golden Goose Resources (CSE: GGR) (OTCQB: GGRFF), Amex Exploration (TSXV: AMX) (OTCQX: AMXEF), Gold X2 Mining (TSXV: AUXX) (OTCQB: GSHRF), Precipitate Gold (TSXV: PRG) (OTCQB: PREIF), and Great Pacific Gold (TSXV: GPAC) (OTCQX: GPGCF).\nThe price outlook reinforces the thesis. Goldman Sachs, J.P. Morgan, and UBS have all set year end gold targets between $5,400 and $6,300 per ounce, with consensus pointing toward sustained strength into 2027[3]. Central banks added 244 tonnes in Q1 2026 alone, the strongest opening quarter against the five year average, treating every pullback as a buying opportunity rather than an exit signal[4]. When sovereign capital and institutional forecasts both line up behind a supply constrained commodity, early stage explorers converting fieldwork into drill targets sit at the front of the value chain.Golden Goose Resources (CSE: GGR) (OTCQB: GGRFF) has completed the first phase of field work at its Gran Esperanza gold-silver project in Río Negro Province, Argentina. The program covered roughly 3,950 square kilometres of geological mapping, detailed structural work inside key mineralized corridors, and systematic channel sampling across exposed quartz veins.In total, crew...