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Goliath Nails High-Grade Gold in 24 Out of 24 Holes, Stock Declines

Source: Bob Moriarty   01/12/2022

Bob Moriarty of 321Gold shares his thoughts on Goliath Resources’ outstanding drill results, which they just…

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This article was originally published by The Gold Report

Source: Bob Moriarty   01/12/2022

Bob Moriarty of 321Gold shares his thoughts on Goliath Resources‘ outstanding drill results, which they just announced on Tuesday.

Goliath Resources Ltd. (GOT:TSX.V; GOTRF:OTCQB; B4IF;FSE) released a home run press release on January 11, 2022, showing the outstanding results from a 24-hole drill program.

The stock went down $.03 on the news.

That’s a perfect example of “buy the rumor, sell the news.”

Personally when I saw the press release I thought the stock would go up fifty percent.

It should have.

 

GOT 4.35 g/t Au

 

Listing the assay results from twenty-four out of twenty-four holes would get way too boring for both you and me so I have listed the average grades of gold and silver from all twenty-four holes. While those are not the barn burning incredible holes coming from New Found Gold and Eloro and Eskay, $331 rock (US) over 5.87 is bonanza quality.

I have covered the company for almost two years and it has been a giant home run for my readers.

In August of 2019 the stock was $.12. In the past two years the stock has been as cheap as $.115 and had a high of $1.62 in July of 2021.

The company has shown they have the goods and more drilling will generate more outstanding results. The stock now has a market cap of about $47 million CAD.

It’s going to go a lot higher once investors sober up.

The stock has had a perfectly normal 50% correction since the high and is prepared to go much higher now. It looks to me as if they have at least a couple of million ounces using Kentucky Windage.

That would make gold in the ground worth about $18 an ounce in USD and it should be 3-5 times higher than that.

 

GOT 2021drill hole

 

Goliath is an advertiser on 321gold and I have bought a fair number of shares at a higher price. I am biased so do your own due diligence.

Goliath Resources

GOT-V $.84 (Jan 11, 2022)

GOTRF OTCBB 56 million shares

Goliath Resources website

Bob Moriarty
President: 321gold
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321gold

Bob Moriarty founded 321gold.com, with his late wife, Barbara Moriarty, more than 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 832 missions in Vietnam. He holds 14 international aviation records.

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Disclosures:

1) Bob Moriarty: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: None. Goliath Resources is an advertiser on 321 Gold. I determined which companies would be included in this article based on my research and understanding of the sector.

2) The following companies mentioned are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.

3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.

4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.   

( Companies Mentioned: GOT:TSX.V; GOTRF:OTCQB; B4IF;FSE,
)

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Precious Metals

Got Precious Metals? Making Money is About to Get Much Harder

I’ve had a letter from my auto-enrolment pension provider, Aviva. It tells me that my pension is worth £19,574.25. That’s nice (I have savings with…

I’ve had a letter from my auto-enrolment pension provider, Aviva. It tells me that my pension is worth £19,574.25. That’s nice (I have savings with other providers). But it almost immediately gets less nice. Aviva also tells me that “at retirement” my pension “could be worth £18,800.” I read that a few times to make sure I had not misunderstood. I had not: Aviva reckons that by the time I am 65, it will have lost me £600. 

This is where it gets interesting. On page six of the confusing documentation, Aviva adds a little meat to the bones of all this. It turns out that £18,800 is not the nominal amount of money it expects me to have in 15 years’ time. It is the “real” amount. Aviva has “made an allowance for future inflation” to give me an idea of how much I may be able to buy with the income from the £18,800 (£42 a month should you be interested…) if I received it today. 

This isn’t a bad way to do it. But it does come with two problems: almost no one will read to page six; and Aviva, one of the UK’s largest money managers, does not trust itself to be capable of investing my money so as to preserve my purchasing power over the long term (I think we can all agree that in stockmarket terms 15 years is the long term). I mentioned last week that this is no time for financial passivity. I think this rather proves the point. I’m going to have to move.

All that said, it won’t be as easy to make money over the next 15 years as it has over the last 15. In this week’s magazine, John looks at investing guru Jeremy Grantham’s ideas on this (listen to Grantham discuss them on the MoneyWeek Podcast. He is sure that the US at least is in what he calls a “super bubble” – one that, thanks to soaring inflation (our cover story this week explains part of the reason why); the high risk that this will lead to a wage/price spiral (workers demand higher wages to compensate for rising prices, which drives prices even higher); the return of geopolitical risk; and the recognition that while a fun growth story is nice, cash is nicer; is now starting to burst. This week almost every big fund management firm announced it is time to buy the dip. If Grantham is right, it is not – in the US at least. 

Insuring against all this is tough (perhaps Aviva is just rather more honest than other professional investors). But it isn’t necessarily impossible. Goldman Sachs suggested this week that we buy gold again, as a hedge against “bad inflation.” Most MoneyWeek readers will, I think, have some gold as a hedge. It hasn’t covered itself in glory so far this cycle, but it is still the one asset we have easy access to with a multi-millennia record of protecting against inflation. So it is worth holding. 

Silver might be too (for more, listen to this week’s podcast with Julian Brigden). We’d say the same for profitable companies with good records of paying rising dividends. The latest Link Dividend Monitor reports that UK payouts rose by 46.1% last year, led by a surge in special dividends from miners. Link is not convinced this will continue, but given the supply and demand dynamics in many commodity markets, we wouldn’t be so sure. The same goes for oil companies: with oil at a seven-year high they should soon be rolling around in cash, some of which will end up in shareholders’ pockets. Buy good companies at the right price today, and it seems unlikely you will be out of pocket in 15 years.

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Precious Metals

Aya Gold & Silver Intersects 4,579 G/T Silver Over 3.6 Metres At Zgounder Silver Mine

Aya Gold & Silver Inc. (TSX: AYA) announced today additional assays from its ongoing 2021 drill exploration program at the
The post Aya Gold &…

Aya Gold & Silver Inc. (TSX: AYA) announced today additional assays from its ongoing 2021 drill exploration program at the Zgounder silver mine in the Kingdom of Morocco. The results highlighted an intersect of 4,579 g/t silver over 3.6 metres.

The results came from 56 diamond drill holes comprised of 11 surface diamond drill holes and 45 underground diamond drill holes.

Highlight assays from the drill results include:

  • T28-21-2125-405 (underground): 4,579 g/t silver over 3.6 metres
    • including 12,532 g/t silver over 1.2 metres
  • T28-21-2125-411 (underground): 1,225 g/t silver over 4.8 metres
    • including 3,280 g/t silver over 1.2 metres
  • T28-21-1988-275 (underground): 1,564 g/t silver over 3.6 metres
    • including 4,040 g/t silver over 1.2 metres
  • ZG-21-60 (surface): 3,551 g/t silver over 1.5 metres
    • including 1,214 g/t silver over 4.0 metres
  • ZG-SF-21-97 (underground): 2,405 g/t silver over 2.0 metres

“Today’s drill results from the 2021 diamond drill program further extend near-mine mineralisation on strike and down dip, in addition to confirming robust grades and thicknesses within the existing mineral resources,” said CEO Benoit La Salle.

The mining firm recently reported its 2021 operational results, toplined by silver production of 1.6 million ounces for the year.

Aya Gold & Silver Inc. last traded at $8.90 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

The post Aya Gold & Silver Intersects 4,579 G/T Silver Over 3.6 Metres At Zgounder Silver Mine appeared first on the deep dive.




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Author: ER Velasco

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Precious Metals

The Mining Companies Leading the Way in ESG

Fortescue Metals and Boliden are among the companies best positioned to take advantage of future ESG disruption in the mining industry…

Fortescue Metals and Boliden are among the companies best positioned to take advantage of future ESG disruption in the mining industry, our analysis shows.

The assessment comes from GlobalData’s Thematic Research ecosystem, which ranks companies on a scale of one to five based on their likelihood to tackle challenges like ESG and emerge as long-term winners of the mining sector.

According to our analysis, Fortescue Metals, Boliden, Gold Fields, Teck Resources, Polyus, Kirkland Lake gold, Polymetal International, and AngloGold Ashanti are the companies best positioned to benefit from investments in ESG, all of them recording scores of five out of five in GlobalData’s Mining Thematic Scorecard.

 

The table below shows how GlobalData analysts scored the biggest companies in the mining industry on their ESG performance, as well as the number of new ESG jobs, deals, patents, and mentions in company reports since January 2021.

 

The final column in the table represents the overall score given to that company when it comes to their current ESG position relative to their peers. A score of five indicates that a company is a dominant player in this space, while companies that score less than three are vulnerable to being left behind. These can be read fairly straightforwardly.

The other datapoints in the table are more nuanced, showcasing recent ESG investment across a range of areas over the past year. These metrics give an indication of whether ESG is at the top of executives’ minds now, but high numbers in these fields are just as likely to represent desperate attempts to catch-up as they are genuine strength in ESG.

For example, a high number of mentions of ESG in quarterly company filings could indicate either the company is reaping the rewards of previous investments, or it needs to invest more to catch up with the rest of the industry. Similarly, a high number of deals could indicate that a company is dominating the market, or that it is using mergers and acquisitions to fill in gaps in its offering.

 

This article is based on GlobalData research figures as of 21 January 2022. For more up-to-date figures, check the GlobalData website.

 

The post Revealed: The mining companies leading the way in ESG appeared first on Mining Technology.

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