Low Hanging Fruit From Golden Delicious Tree


TICKERS: ELO; ELRRF, ESK; ESKYF, GOT; GOTRF; B4IF; FSE, LIO; LOMLF; LLO; LY1, PEX

Bob Moriarty of 321 Gold discusses the “one sport on the town” which is gold, silver and useful resource shares. Pluck them from the tree whereas they’re nonetheless low hanging.

I’ve commented for months that the standard of junior exploration firms at this time is much increased than I’ve ever seen. Each time somebody comes out with extra sensible drill assays I believe to myself that I simply have to put in writing them up. However there are far too many nice tales. In the event you don’t have a handful of those firms in your portfolio, you danger being caught out on the airport if you ship lastly docks.

All of those firms are low-cost. Most are absurdly low-cost and just about being ignored by retail buyers. As soon as the Fed begins to tighten and rates of interest shoot increased, bonds are going to be crushed. The general market is already tanking and the clipto currencies are going to fade away.

That solely leaves one sport on the town and that’s gold, silver and useful resource shares. Pluck them from the tree whereas they’re nonetheless low hanging.

Goliath Sources Ltd. (GOT:TSX.V; GOTRF:OTCQB; B4IF;FSE) put out a press launch a just below a month in the past saying drill outcomes from two-dozen holes. Each single gap hit. It was a maiden program of simply over 5,330 meters.

The typical of all twenty-four holes was 4.35 g/t Au and 105 g/t Ag value $331 a tonne. The inventory as gone from $.115 to as excessive as $1.62 prior to now two years.

Goliath has choices on a complete of 4 completely different initiatives throughout the Golden Triangle calling for money funds of $2.128 million and $4.29 million in exploration bills. The settlement on the porphyry undertaking, the Fortunate Strike property has been modified so GOT now owns 49% of the property and may earn the remaining 51% by spending $5 million in drilling previous to the tip of 2029.

The Golddigger undertaking was the undertaking drilled this previous 12 months with all twenty-four holes hitting financial gold. The Surebet Zone is a newly found high-grade shear zone extending over a 1 km strike and 1.1 km down dip. Plans for the 2022 drill program are in progress. As of the tip of September the corporate nonetheless had about $2.7 million however a personal placement will virtually actually happen this spring.

With a 100% hit price at Surebet the market cap of the corporate is about $46 million. As a result of the choice agreements are so convoluted, it’s laborious to determine simply what the corporate needs to be value however Golddigger appears like a certain wager at Surebet.

Eskay Mining Corp. (ESK:TSX.V; ESKYF:OTCQB) continues to ship high-grade VMS intercepts from their TV and Jeff deposit within the Golden Triangle. Nonetheless, they’ve solely gotten again fifty-six out of ninety-eight holes. Like so many different firms in Canada they’ve been crippled by the shortage of well timed outcomes. In any case two weeks in the past ESK launched some assay outcomes from the TV deposit together with a large 2.35 g/t Au Eq over 238.87 meters.

eskay

That’s $136 rock and simply one in every of dozens of unbelievable intercepts. Eskay has an enormous VMS and it’s going to be large by the point they get by drilling it. As a result of the assay labs are in chaos nonetheless, the assays that have been launched weren’t essentially the primary ones drilled. The assay labs are nonetheless simply choosing up baggage and doing assays. Anticipate one other forty-two holes to be launched quickly with comparable grades and size.

Eskay might want to do a personal placement quickly. On the present share value, the corporate has a market cap of $443 million. I anticipate the share value to maneuver increased because the remaining forty-two holes are introduced.

Eskay has the products and will probably be a billion greenback plus firm when the market wakes up.

Pacific Ridge Exploration Ltd. (PEX:TSX.V) introduced one other blockbuster gap after a two-month delay for the reason that final blockbuster gap because of the Canadian labs. Gap 36 launched two months in the past on December 1st confirmed an unbelievable 437 meters of mineralization.

 

Bear in mind with a copper-gold porphyry tonnage is much extra vital than grade.

The corporate adopted this up final week with an much more unbelievable 566.7 metres of $45 rock in gap 37. After all throughout the 567 meters of mineralization there have been a lot increased grade intercepts however large initiatives demand tonnage. That determine included 316.7 meters of 1.17 g/t AuEq beginning at floor.

Pacific Ridge drilled a complete of three diamond drill holes of their 2021 season. Gap 38 stays to be launched and it appears from the technical information to be one of the best gap of all.

For the reason that firm seems to be drilling down the deposit relatively than throughout the deposit it’s laborious to guess how massive it is likely to be. Taking very conservative numbers, I might recommend they’ve just about outlined 50 million tonnes to this point. That isn’t large for BC, you actually need 200-500 million tonnes of comparable grades. However with 55 million shares excellent and a value of  $.48 you have got a market cap of round $26 million. That means a whole lot of upside potential.

It’s not potential to guess how for much longer it is going to take the labs to catch up however with all of the delays in getting assays again, at the very least the corporate isn’t going to need to endure 6-8 months of no information. The corporate nonetheless had about $1.5 million in hand on the finish of September however search for them to do a capital elevate quickly.

 

Eloro has three drill rigs turning at their Iska Iska silver/tin deposit in Bolivia. The corporate has competed over 42,500 meters of drilling in seventy-six holes. At one level just a few months in the past the corporate had over 30,000 assay outcomes pending. Clearly they’ve caught up so much however the variety of holes and grade is complicated.

Eloro has an enormous system. I imagine that after million of {dollars} of drilling it will likely be within the +2 billion tonnes vary of $100 rock however the market is patiently awaiting an preliminary 43-101 scheduled for Q2 of 2022.

Right now’s value offers the corporate a few $222 million market cap. When the market understands simply how large the deposit is and the way wealthy, the value goes to go up so much.

Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX; LLO:ASX; LY1:FSE) is one more junior completely screwed by the Covid stupidity. The corporate has a 100% owned alkaline gold system in Fiji named the Tuvalu Gold undertaking with an present 1 million ounce gold useful resource and a mining allow.

In contrast to everybody else within the enterprise, LIO has its personal lab so can publish assays shortly after drilling. Alas the technical and exploration aspect was being run out of Perth in Western Australia. Nobody might get into Fiji or get again into Australia so the Covid hysteria just about stopped progress in its tracks for one of the best a part of a 12 months.

Fortunately the corporate did a serious financing to boost nearly $60 million in August of 2020 earlier than the world turned completely silly. Lion One has six drill turning and as of late final summer season had introduced in skilled employees to oversee on web site.

Tuvalu is a large system. Lion One is within the technique of establishing a processing plant and hiring contract miners. Dates haven’t been launched but however the firm nonetheless has about $48 million in working capital to assist get the undertaking into manufacturing whereas six drills proceed useful resource enlargement.

All of those firms are advertisers on 321gold.com. I’ve participated in personal placements and picked up extra shares within the open market so I’ve to be thought of biased. Do you personal due diligence.

Goliath Sources Ltd. (GOT:TSX.V; GOTRF:OTCQB; B4IF;FSE)

GOT-V $.72 (Feb 07, 2022)

GOTRF OTCBB 56 million shares

Goliath Sources web site

Eskay Mining Corp. (ESK:TSX.V; ESKYF:OTCQB)

ESK-V $2.78 (Feb 07, 2022)

ESKYF OTCQB 163 million shares

Eskay Mining web site

PEX-V $.46 (Feb 07, 2022)

PEXZF-OTCBB 53.9 million shares

Pacific Ridge Web site

ELO-V $3.65 (Feb 07, 2022)

ELRRF-OTCQX 62.6 million shares

Eloro Web site

Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX; LLO:ASX; LY1:FSE)

LIO-V $1.09 (Feb 07, 2022)

LOMLF OTCQX 156 million shares

Lion One web site

Bob Moriarty
President: 321gold
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Bob Moriarty based 321gold.com, along with his late spouse, Barbara Moriarty, greater than 16 years in the past. They later added 321energy.com to cowl oil, pure gasoline, gasoline, coal, photo voltaic, wind and nuclear vitality. Each websites characteristic articles, editorial opinions, pricing figures and updates on present occasions affecting each sectors. Beforehand, Moriarty was a Marine F-4B and O-1 pilot with greater than 832 missions in Vietnam. He holds 14 worldwide aviation data.

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Disclosures:

1) Bob Moriarty: I, or members of my speedy family or household, personal shares of the next firms talked about on this article: None. The articles talked about are advertisers on 321 Gold. I made up my mind which firms could be included on this article based mostly on my analysis and understanding of the sector.

2) The next firms talked about are billboard sponsors of Streetwise Experiences: Lion One Metals Ltd. Click on right here for vital disclosures about sponsor charges. 

3) Statements and opinions expressed are the opinions of the writer and never of Streetwise Experiences or its officers. The writer is wholly answerable for the validity of the statements. The writer was not paid by Streetwise Experiences for this text. Streetwise Experiences was not paid by the writer to publish or syndicate this text. The knowledge supplied above is for informational functions solely and isn’t a suggestion to purchase or promote any safety. Streetwise Experiences requires contributing authors to reveal any shareholdings in, or financial relationships with, firms that they write about. Streetwise Experiences depends upon the authors to precisely present this data and Streetwise Experiences has no technique of verifying its accuracy.

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5) Every now and then, Streetwise Experiences LLC and its administrators, officers, staff or members of their households, in addition to individuals interviewed for articles and interviews on the positioning, might have an extended or quick place in securities talked about. Administrators, officers, staff or members of their speedy households are prohibited from making purchases and/or gross sales of these securities within the open market or in any other case from the time of the choice to publish an article till three enterprise days after the publication of the article. The foregoing prohibition doesn’t apply to articles that in substance solely restate beforehand printed  firm releases. As of the date of this text, officers and/or staff of Streetwise Experiences LLC (together with members of their family) personal securities of Lion One Metals Ltd., an organization talked about on this article.

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