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Short Updates on Benchmark, TriStar Gold, Precipitate Gold and Lion One

Source: Bob Moriarty for Streetwise Reports

 

July 24, 2020 (Investorideas.com Newswire) With gold and silver "climbing to the moon," Bob Moriarty of 321gold discusses four juniors.


My readers may be shocked to hear that I have been exceptionally busy lately, as the metals seem to be climbing to the moon. Naturally the stories I follow are trying to make hay while the sun shines so I am forced into ganging some of those stories together else I will never catch up. There are probably 1,500 juniors in Canada all clamoring for attention and I can only type so fast.

These are all companies I have written about in the past and if you want to reread what I have said, go to my archives page and do a search for their name.

Benchmark Metals Inc. (BNCH:TSX.V; CYRTF:OTCQB) is in the midst of a 50,000-meter drill program at their Lawyer's gold/silver project in the Golden Horseshoe district in Northern BC. To date they have completed 10,500 meters of drilling this year. Results will start to come out in the next couple of weeks. They have added a third core rig to make a total of five drill rigs working. Expect a lot more gold and silver.

TriStar Gold Inc. (TSG:TSX.V) just closed a $9.2 million bought deal financing about two weeks ago. That will fund the exploration portion for their prefeasibility study scheduled for release early next year. Meanwhile they will begin a major drill program shortly.

Investors are going to have to read between the lines for the meaning of the latest press release from Precipitate Gold Corp. (PRG:TSX.V; PREIF:OTCBB) but I will give you a big hint. This is exactly what you want to see if you want to find another Pueblo Viejo gold deposit. With a $25 million market cap, PRG is a giant sleeper. Naturally the truth detector will be the drill rig but the company is coming up with the ground survey results that you want to see in a big deposit. Pueblo Viejo is the largest gold mine in the Americas and the 8th largest in the world. All shares in juniors are lottery tickets but the Precipitate lotto has a giant potential payoff.

Like Benchmark and TriStar, the market understands the potential and is willing to pay up for Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) with a market cap of about $220 million today. But Lion One owns a whole alkaline gold system in a region where such deposits are measuring 10-20 million ounces. Their latest report on drilling from the company just out a couple of days ago suggests they have found the feeder structure they have been looking for. Drilling is continuing and assays are pending.

I own shares in all of these companies and have participated in prior private placements. All are advertisers so I am biased. Do your own due diligence.

Benchmark Metals Inc.
BNCH-V $0.76 (Jul 23, 2020)
CYRTF-OTCBB 118.5 million shares
Benchmark Metals website

TriStar Gold Corp.
TSG-V $0.38 (Jul 23, 2020)
TSGZF-OTCBB 182 million shares
TriStar Gold website

Precipitate Gold Corp.
PRG-V $0.255 (Jul 23, 2020)
PREIF-OTCBB 105.7 million shares
Precipitate Gold website

Lion One Metals
LIO-V $1.88 (Jul 23, 2020)
LOMLF OTCQX 117.5 million shares
Lion One website

Bob Moriarty
President: 321gold
Archives
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.

Disclosure:

1) Bob Moriarty: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Benchmark Metals, TriStar Gold, Precipitate Gold and Lion One. Benchmark Metals, TriStar Gold, Precipitate Gold and Lion One are advertisers 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: Lion One. 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 interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

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