The KE Report

Prime Mining - Updated Resource At Los Reyes Over 2Million Oz AuEq Total, Plus 60,000 Meters Of Drilling This Year

Dan Kunz, President and CEO of Prime Mining (TSX.V:PRYM - OTCQX:PRMNF) joins me to recap the milestones this year from the Los Reyes Project, in Sinaloa Mexico, including an update Resource Estimate and 60,000 meters of drilling. 
 
We start with the updated Resource Estimate, released in May, with a total of over 2million ounces gold equivalent (1.47 million indicated AuEq ounces and 0.73 million inferred AuEq ounces). I have Dan recap the work that went into the resource update and the three resource areas.
 
We then discuss the ongoing 60,000 meter drill program and the allocation between expanding known resource areas and drilling of new target areas. 
 
If you have any follow up questions for Dan please email me at Fleck@kereport.com.
 
Click here to visit the Prime Mining website and read over all the recent news we discussed.

Craig Hemke - Fed Policy Outlooks, There’s Not Many Bright Spots For Investors Currently

Craig Hemke, Founder and Editor of TF Metals Report joins us to recap yesterday's Fed meeting and weigh in on the markets. The big takeaway from the Fed was the continued adjustments to anticipated rate cuts being pushed back. We discuss what, in anything, these future projections mean.
 
When it comes to the markets, there are not many bright spots for investors. Outside of a couple select energy sectors investors are broadly seeing their portfolios drift lower. On the flip side there are higher yielding savings vehicles.
 
Click here to visit Craig's site - TF Metals Report.

Goliath Resources – Comprehensive Exploration Update From The Golddigger Property In The Golden Triangle

Roger Rosmus, Founder, CEO, & Director of Goliath Resources (TSX.V: GOT) (OTCQB: GOTRF), joins us for a comprehensive update on the exploration strategy and some of the first assay results from the 34,000 meter drill program this year at the Golddigger Property, located in the Golden Triangle of British Columbia.
 
We start off having Roger break down the work that the exploration team has done over the 3 main areas that got the majority of the dilling: The Surebet Zone in the sediments, the Bonanza Shear Zone at the contact zone of the sediments, and the newly discoved Golden Gate Zone down below in the volcanic mineralization.  So far the company has only released the first 5 drill hole assays from this year’s exploration program, with many more to release to the market in the months ahead.
 
> A few recent exploration highlights released to the market just in the last few weeks:
 
On September 7th, Goliath drilled 19.15 meters of abundant visible gold in the newly discovered outcropping Golden Gate Zone, which could be proximal to the feeder source at the Golddigger Property. (assays pending)
On September 14th, news was released that drill hole# GD-23-173 intercepted visible gold and significant quartz-sulphide mineralization in 2 broad mineralized intervals. The main interval intercepted consisted of 14.68 g/t AuEq (5.81 g/t Au and 719.13 g/t Ag) over 26.89 meters (approx. true width) including 23.89 g/t AuEq (9.40 g/t Au and 1176.14 g/t Ag) over 15.49 meters and 33.02 g/t AuEq (10.97 g/t Au and 1817.34 g/t Ag) over 9.60 meters.
 
On September 18th, 2023 Goliath announced drill hole# GD-23-203 intercepted a 15.8 meter interval containing abundant Visible Gold with nuggets up to 1.7mm in size. This intercept corresponds to the Bonanza Shear, the contact between the Hazleton sedimentary and volcanic units.
 
On September 19th, Goliath announced drill hole#  GD-23-226 intercepted a 23.65 meter interval containing abundant Visible Gold included within 30.98 meters of wide strongly mineralized quartz breccia and stockwork at Surebet Zone, that is hosted within the Hazelton Sediments. Mineralization consists of galena, sphalerite, pyrrhotite and minor chalcopyrite.
 
On September 20th, news was released reporting that the Company has upsized the previously announced non-brokered private placement has been upsized to a total of $8,600,000. Mr. Rob McEwen and Crescat Capital LLC have both agreed to make a strategic investment in Goliath through this placement.   We wrapped up discussing how this sets up the company treasury after essentially doubling the drill program in 2023 and looking ahead to work in 2024.
 
 
If you have any questions for Roger about Goliath Resources, then please email us at either Fleck@kereport.com or Shad@kereport.com.
 
In full disclosure, Shad is a shareholder of Goliath Resources at the time of this recording.
 
Click here to be taken to the Goliath Resources news section.

Brien Lundin - Fed Meeting Recap, Precious Metals Stock Sentiment Overview

Brien Lundin, Editor of The Gold Newsletter and our host at the New Orleans Investment Conference joins us to recap the Fed meeting yesterday. Being considered a hawkish pause most markets are selling off today on the acceptance of a higher for longer environment. Brien breaks down how he sees the higher rates eventually impacting the economy and job market.
 
We also discuss the depressed precious metals stocks and what it will take to turn the negative sentiment.
 
Click here to learn more about the New Orleans Investment Conference.

Kenorland Minerals - Drilling Started At Frotet, JV With Sumitomo Metal Mining, Looking To Grow The Regnault Gold System

Zach Flood, President and CEO of Kenorland Minerals (TSX.V:KLD - OTCQX:NWRCF) joins me to focus on the commencement of the Q3 drill program at the Frotet Project, in Quebec. This Project is under a JV with Sumitomo Metal Mining.
 
We first recap the Q1 drill program of just over 13,000 meters which included a deep discovery in the southern part of the Regnault gold system. Then Zach breaks down the focus of this drill program and the new area to the east of the Regnault discovery that will be sampled to generate new drill targets. We also discuss recent metallurgical test work results that yielded  recoveries of up to 93.3% Au and 90.5% Ag for whole ore leaching.
 
If you have any follow up questions for Zach please email me at Fleck@kereport.com.
 
Click here to visit the Kenorland Minerals website and read over all the recent news releases.

Silver Tiger – Breaking Down The Key Takeaways From The Updated Resource Estimate At The El Tigre Project

Glenn Jessome, President and CEO of Silver Tiger Metals (TSX.V:SLVR – OTCQX:SLVTF),  joins us to break down the key takeaways and metrics from the news out on Sept 12th, announcing the updated Resource Estimate at the El Tigre Project located in Sonora, Mexico.   
 
We have Glenn outline how this project has pulled together after 125,000 meters of drilling over the last 6 years, and he breaks down both open pit resources which are more gold-focused, as well as the out-of-pit resources which contain much of the higher-grade silver. We review the 4 separate zones of mineralization in the open pit, in the sulphide zones at depth, in the shale, and in the higher grade silver, and how over time the operation will transition from open-pit to underground, like most of the key Mexican productions stories have before them.
 
In the Open Pit the resource update has delineated approximately 37.2 million ounces of silver and 575 thousand ounces of gold in the Indicated category, and 52.6 million ounces of silver and 374 thousand ounces of gold in the Inferred category. Out-of-Pit resources at El Tigre showed indicated mineral Resources of 20.8 Moz AgEq grading 279 g/t AgEq contained in 2.3 Mt; and inferred mineral Resources of 69.8 Moz AgEq grading 235 g/t AgEq contained in 9.2 Mt.   This takes the overall resources for in-pit and out-of-pit resources to over 176 million silver equivalent ounces.
 
Next the company is quickly turning it’s focus to economics, with a Preliminary Economic Assessment slated to be delivered to the market in early Q4 2023. This coming milestone will see Silver Tiger transition from an explorer to a developer, with a Pre-Feasibility Study planned to release to market right after that by March of 2024.
 
If you have any follow up questions for Glenn please email us at Fleck@kereport.com and Shad@kereport.com.
 
* In full disclosure, Shad is a shareholder of Silver Tiger Metals.
 
Click here to visit the Silver Tiger website and read over the recent news.

Kenton Ralph Toews - The Investment Thesis For Crypto Miners

Since we are always looking for investing ideas we decided to look at the crypto mining sector with Kenton Ralph Toews, Founder of Youxia Crypto. We discuss everything from energy usage to leverage to different cryptocurrencies. There are some very interesting comparisons Kenton makes to resource stocks.
 
Click here visit the Youxia Crypto website to follow along with Kenton.

Dave Erfle – Key Resource Investing Takeaways From The Precious Metals Summit In Beaver Creek

Dave Erfle, Founder and Editor of The Junior Miner Junky, joins us to review some of the key resource investing takeaways from the Precious Metals Summit in Beaver Creek, Colorado last week.  We start of reviewing the low volume trading and poor sector sentiment translating over into many gold and silver companies struggling to finance their work programs, and simply doing their best to survive long enough for sentiment to turn higher again.  
 
Many of the more advanced exploration and development projects are juggling options of taking on large amounts of debt relative to their current market caps, or giving up part of a project to a larger producing strategic partner, or taking on royalties or streams that may limit future acquisitions, or issuing share dilutive equity raises to advance or build projects.  Overall most investors are not that excited about any of those options where they’ll essentially own less of the project moving forward, especially when these deals are being negotiated after very large drawdowns in share prices and market cap valuation over the last few years of the bear market action.
 
The other concern that Dave highlights is that we may see more “takeunders” where longer term shareholders don’t get their expected returns and get clipped off near lows after sticking with companies through their value creation efforts.  This is in stark contrast to the more takeovers for nice premiums and solid valuations that we’ve seen in prior bullish cycles.   He points out that it would be more constructive to see more mergers of equals between single asset companies, to bulk up into larger more attractive and liquid companies, with better costs of capital and market participation.
 
We also address the question of if we even need most of the thousand explorers perpetually starting new drill projects?  It’s hard to rationalize more companies drilling out new targets, when the best of the mature assets and most derisked development projects aren’t attracting investor interest, or M&A deals, nor are they getting valued anywhere close to where development project have been in prior cycles. 
 
Click here to visit the Junior Miner Junky website to follow along with Dave’s market calls and stock picks.

West Red Lake Gold - The Balance Restarting The Madsen Gold Mine, On Going Drilling and Drill Results At Madsen and The Rowan Project

At the conference in Beaver Creek there was a lot of discussion around West Red Lake Gold Mines (TSX.V:WRLG - OTCQB:WRLGF) regarding when and how the Company will be bringing the Madsen Gold Mine (acquired from Pure Gold Mining earlier this year) back into production. Since the Company has also been releasing drill results from the Madsen Gold Mine and Rowan Project we figured it was a good time to get another update from management.
 
Will Robinson, VP of Exploration at West Red Lake Gold joins us to summarize the work plans and timeline to restart the mine. We recap the recent drill results from the mine and the Company's Rowan Project to better understand what is critical for the restart. We also discuss the drilling that just started (September 6th) at the Wedge Target, which is part of the Company's strategy to build satellite targets to feed the mine when in operation.
 
If you have any follow up questions for the team over at West Red Lake Gold please email us at Fleck@kereport.com and Shad@kereport.com.
 
Click here to visit the West Red Lake Gold website and read over the recent news we discussed.

Matt Badiali - A Focus On Uranium; It’s A bull Market But Where Should Investors Be Looking

Matt Badiali, Editor of the New Energy Investor published under the Mangrove Investor, joins us to discuss the investment angle for the uranium sector. We start with the strong performance of the major companies and how he views the juniors, that have not taken off like the majors.
 
We discuss the supply and demand metrics that should help to continue to drive the uranium price. The demand side is all about current reactor and new builds, which have been steadily increasing now that governments are more supportive of nuclear power.
 
In terms of stocks we ask about NexGen and what he seems coming out of its advanced Project. With regards to the junior stocks we focus on the Athabasca Basin in Saskatchewan and projects in the US. 
 
Click here to visit the Mangrove Investor website to follow along with Matt's market thoughts.