The KE Report

Heliostar Metals - High-Grade Gold Results From La Colorada Mine, Turning Waste Into Minable Material

Charles Funk, President and CEO of Heliostar Metals (TSX.V:HSTR - OTCQX:HSTXF - FRA: RGG1) joins me to recap the January 30th news release reporting a batch of drill results from the La Colorada Mine in Mexico. 
 
We delve into details of the 23 reported drill holes, all from the Creston pit, and the overall goals of the drill program. Key points include the expansion plans of the Creston pit, efforts to improve mine economics by converting waste material into valuable ore, and the impacts of new permits being issued in Mexico. They also touch on the potential for future underground mining at La Colorado and the financial considerations for the mine's expansion.
 
Charles gives an in-depth analysis of the latest drill results from the Creston pit, on the LA Colorada Mine, where 23 holes have been reported, indicating higher than expected grades in material considered to be waste. The conversation covers the upcoming feasibility study, which aims to expand the Creston pit and convert waste material into valuable ore, potentially enhancing gold production. Charles explains that the goal is to achieve 50,000 to 100,000 ounces of annual production, which represents a substantial expansion from the current output sourced from low-grade stockpiles. The discussion also touches on the longer-term potential for underground mining at La Colorado, based on high grade gold deeper intercepts. 
 
Finally, Charles provides insights into the permitting landscape in Mexico, noting recent positive shifts that could benefit Heliostar Metals, especially the San Augustine Project.
 
Please email me at Fleck@kereport.com with any follow up questions for Charles. 
 
Click here to visit the Heliostar Metals website to learn more about the Company.

Silver Tiger Metals – A Sentiment Shift In Precious Metals, More Mining Permits Have Been Issued In Mexico, And Deeper Drilling At El Tigre Building Towards An Underground Mining PEA

Glenn Jessome, President and CEO of Silver Tiger Metals (TSX.V:SLVR – OTCQX:SLVTF), joins me to discuss the positive shift in sentiment from precious metals investors in January, as gold breaks out to new all-time highs today, and silver breaks above $32. This is a big boon to the margins of producers, and the metals sensitivities and economics of development-stage projects.  We also review the additional mining permits that have been issued in Mexico this month, which is helping valuations in Mexican mining stocks.  Lastly we look ahead to all the underground exploration and development work initiatives building towards a Preliminary Economic Study on the underground mining phase, at the El Tigre Silver-Gold Project in Mexico.
 
We’ve touched in the recent past on the political change in administrations in Mexico that took over in October of last year, and now Glenn outlines some of the recent permits issued in amendments to Grupo de Mexico and the underground permits for Alamos Gold at their Mulatos Mine.  Now that permits have started getting granted in Mexico, he feels it is just a matter of time before the first open-pit permits start getting issued in the first half of 2025.  Glenn points out that this permitting visibility will be a very meaningful catalyst for Mexican mining projects across the board to get rerated significantly higher.  Additionally, we discuss that banks and institutional analysts are now taking notice and issuing updates and upgrades to mining stocks operating in Mexico.
 
Wrapping up, we quickly review the importance of getting their upcoming permit for their updated Pre-Feasibility Study (PFS) on the open-pit phase of the Project, that was released to the market in 2024, and that the focus now is the ongoing deeper drilling, from underground, that commenced at the end of last year and will be continuing into the first half of this year.  This underground drilling will be testing the high-grade silver veins, sulphide zones, and shale areas, continuing to mass up underground resources, and then will be fed into the  Preliminary Economic Assessment (PEA) out on the underground mining second phase out in the first half of 2025. There is going to be a steady stream of newsflow emanating from the Company over the next few months with regards to both exploration and development.
 
If you have any follow up questions for Glenn about Silver Tiger, then please email me at Shad@kereport.com.
 
In full disclosure, Shad is a shareholder of Silver Metals at the time of this recording, and may choose to buy or sell shares at any time.
 
Click here to follow the latest news from Silver Tiger Metals

Brien Lundin - Gold Breakout, Gold & Silver Stocks Outperforming, Opportunities In The Toodoggone Area In BC

Brien Lundin, Editor of the Gold Newsletter and our host at the New Orleans Investment Conference joins us to discuss the breakout in Gold to $2,850, the outperformance of gold and silver stocks, and investment opportunities in the Toodoggone area in BC. 
 
Gold and silver prices have shown significant increases, with gold futures nearing $2,850 and silver rising above $32.50. The stocks are also outperforming, with the GDX and SIL ETFs up over 4 and 5% today respectively. Brien emphasizes that it's not one specific news event driving these increases, but a combination of factors including central bank moves and economic data. 
 
The discussion also covers the performance of mining stocks, which have started to show leverage to the rising metal prices, with GDX up 16% in January alone. Additionally, we talk about specific stocks and areas showing potential, like the Toodoggone area in BC, where a recent discovery by Amarc Resources has created investor buzz. Brien offers strategic advice for investors, emphasizing the importance of timing and understanding seasonal trends when investing in area plays.
 
Click here to learn more about the Gold Newsletter.

Almonty Industries - Building The World‘s Largest Tungsten Mine, the Sangdong Mine in South Korea

Lewis Black, President and CEO of Almonty Industries (TSX: AII - ASX: AII - OTCQX: ALMTF - Frankfurt: ALI.F) joins me to introduce this Tungsten mining company in the process of building the Sangdong Mine in South Korea. This project is billed as being the “largest tungsten deposit globally by inferred resources”. 
 
We discuss the company's acquisition of the mine, its substantial resource potential, investment details, and strategic importance in the global tungsten and defense markets. Lewis also shares insights on the company's future plans, including expansion into molybdenum production and vertical integration to enhance operational growth
 
Click here to visit the Almonty Industries website.
 

Q2 Metals Overview - Cisco Lithium Project: 2024 Discovery, Follow Up 2025 Drill Program Beginning This Week

Alicia Milne, President and CEO of Q2 Metals (TSX.V:QTWO - OTCQB:QUEXF - FSE:458) joins me to introduce this lithium exploration Company focused at the Cisco Lithium Project in the James Bay Territory of Quebec. The Company optioned the Project in early 2024 and made a significant discovery in the first drill program. Starting on Saturday a follow up drill program will kick off, aiming to expand on the initial discovery. 
 
The discovery holes yielded intercepts such as 215.6 meters at 1.69% Li₂O, 347.1 meters at 1.35% Li₂O, and 188.6 meters at 1.56% Li₂O. 
 
Alicia provides a detailed history of the project, recent drilling successes, future drill plans, and the strategic importance of their location. Additionally, she talks about the upcoming drill programs, the company's financial health, and key team members.
 
If you have any follow up questions for Alicia or would like more information on any aspect of the Company please email me at Fleck@kereport.com. 
 
Click here to visit the Q2 Metals website.

TG Watkins – Technical Analysis & Trading Strategies: DeepSeek Market Volatility In AI, Semiconductor, Utilities, Nuclear, Uranium, and Crypto Mining Stocks

TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot website, joins us to share his key technical and trading insights after the market pullback earlier this week on the back of the news about the disruptive Chinese AI platform unrolled by DeepSeek.   Various sectors of the market saw double-digit moves down on Monday like artificial intelligence, semiconductors, utilities, nuclear, uranium, and crypto mining stocks, and we are looking at how things are acting here mid-week.
 
We start off looking at the charts of NVIDIA Corp (Nasdaq: NVDA), the VanEck Semiconductor ETF (SMH), and Applied Digital Corporation (Nasdaq: APLD) as the chip and AI infrastructure stocks that were quite effected.
 
Next we look into how the narrative had shifted around the anticipated power generation needs for A.I., and how that roiled utility stocks like Constellation Energy Corp (Nasdaq: CEG), or small modular nuclear reactor stocks like Oklo Inc (NYSE: OKLO) and NuScale Power Corporation (NYSE: SMR).  TG makes the point that most of these stocks had huge runs higher into overbought territory leading up to this week’s corrective moves, and discusses where he sees support coming in, and what he will be watching moving forward.   In sympathy with the utilities and SMR stocks selling down, we also saw the uranium mining stocks get hit hard earlier this week, so we take a closer look at the technical setup on the Sprott Uranium Miners ETF (NYSE: URNM).
 
Wrapping up we also reviewed how the power consumption needs of crypto mining companies, counting on all that additional power generation from AI to improve the energy grid and efficiencies, also had large corrective moves earlier this week.  We look into Hut 8 Corp. (Nasdaq: HUT), IREN Limited (NASDAQ: IREN), and TeraWulf Inc. (Nasdaq: WULF) for key technical factors that TG will be watching on the charts.
 
Click here to see the YouTube version of this talk with the charts
 
Click here to visit TG’s site – Profit Pilot

Cassiar Gold – Final Drill Assays Returned From The 2024 Exploration Program Expanding The Taurus Deposit And Newcoast Target At Cassiar North

Marco Roque, President and CEO of Cassiar Gold (TSX.V:GLDC – OTCQX:CGLCF), joins us to review the release of the final drill assays from the 2024 exploration program expanding the Taurus Deposit at the Cassiar Gold project, located in northern British Columbia. We also discuss a number of the other regional targets like Taurus East, Wings Canyon, and Lucky, that the company has tested in the past or will be testing in the future; along with the encouraging drill results returned last year at the Newcoast target.
 
The 2024 drill program comprised 7,168 metres (m) of diamond drilling over 30 drill holes, geophysical surveys, mapping, and soil sampling at the Cassiar Gold Property.
 
Recent highlights from the last batch of drilling at Taurus released on January 16 included:
 
201.8 m of 0.53 grams per tonne (g/t) Gold (Au) from surface in drill hole 24TA-229
19.7 m of 6.84 g/t Au (1.89 g/t Au capped), including 0.4 m of 315.00 g/t Au, in drill hole 24TA-232
Multiple intercepts returned in drill hole 24TA-234 include 16.5 m of 3.02 g/t Au from surface, including 0.5 m of 7.97 g/t Au and 5.0 m of 5.00 g/t Au, 22.3 m of 0.62 g/t Au, and 10.3 m of 0.73 g/t Au, including 0.5 m of 6.56 g/t Au
Drill hole 24TA-236 returned 15.5 m of 0.71 g/t Au from surface, and 21.9 m of 3.18 g/t Au (1.54 g/t capped), including 0.3 m of 184.50 g/t Au
 
Highlight results released on January 22nd, for the three drill holes at the Newcoast prospect:
 
Drill hole 24NC-008 returned 141.4 m of 0.89 grams per tonne (g/t) gold (Au), including 4.6 m of 6.52 g/t Au, 0.7 m of 12.55 g/t Au, and 0.5 m of 9.84 g/t Au
Multiple intercepts returned in drill hole 24NC-007 included 57.6 m of 0.50 g/t Au, along with 64.3 m of 0.51 g/t Au, including 0.6 m of 4.05 g/t Au and 0.4 m of 16.10 g/t Au
Drill hole 24NC-009 returned 27.0 m of 0.77 g/t Au, including 0.4 m of 16.80 g/t Au, and 64.1 m of 0.53 g/t Au
 
 
 
If you have any questions for Marco on Cassiar Gold, then please email us at Fleck@kereport.com or Shad@kereport.com.
 
Click here to follow the latest news from Cassiar Gold
 

Aztec Minerals - High-Grade Silver Discovery At The Southern Extension, Tombstone Project, Arizona

Simon Dyakowski, President and CEO of Aztec Minerals (TSX.V:AZT - OTCQB:AZZTF) joins me to recap the drill results from the Southern Extension and Westside Target on the Tombstone Project, in Arizona. 
 
We focus on the bonanza grade silver drill result highlighted by Hole 16 which reported 7,269 g/t silver equivalent over 1.52 meters within a broader zone of 569 g/t silver equivalent over 25.8 meters. Simon reveals that this is the best drill hole ever at Tombstone and discusses its significance, including the high-grade gold samples found and the potential for further high-grade discoveries. 
 
The conversation covers plans for future work in the area, which includes expanding on the bulk tonnage and targeting a deeper CRD target. We wrap up with a big-picture look at the project's next phases and expected news updates.
 
Figure 1: Detail Contention Pit and South Extension
 
Cross Section - Hole TR24-16

Neptune Digital Assets - Record Net Income, US$25 Million Credit Facility, Answering Your Questions On The Portfolio And Leverage

Cale Moodie, President and CEO of Neptune Digital Assets (TSX.V:NDA - OTCQB:NPPTF - FWB:1NW) joins me to recap recent news on a new credit facility and record comprehensive net income reported quarter ended November 30, 2024. He also answers a number of your questions regarding the Company’s portfolio of crypto currencies and other investments. 
 
We start by discussing the recent $25 million credit facility and how the company plans to utilize this credit for strategic investments in Bitcoin, altcoins, and other investments. 
 
The discussion also covers Neptune's record three-month net income, the factors driving this impressive financial performance, and strategies for managing their diversified crypto portfolio, including recent additions like Dogecoin. Cale provides insights into their approach to balancing Bitcoin and altcoin investments and their conservative, tech-focused strategy to mitigate risks in the volatile cryptocurrency market. 
 
On the portfolio front, the episode touches on Neptune's unique investment in SpaceX. Cale reveals how the company evaluates potential crypto investments, favoring technologies with long-term viability and staking capabilities. He also provides an update on their current holdings, including the number of Bitcoin owned by the Company.
 
If you have any follow up questions for Cale please email me at Fleck@kereport.com. 
 
Click here to visit the Neptune Digital Assets website.
 

District Metals - Trading On The Nasdaq First Growth Market, Acquire 2% NSR Royalty On Viken Deposit, Swedish Uranium Moratorium Update

Garrett Ainsworth, President and CEO of District Metals (TSX.V:DMX - OTCQB:DMXCF - FRA: DFPP) joins me to discuss the Company’s recent listing on the Nasdaq First North Growth Market in Sweden, which began trading on January 23rd, and the acquisition of a royalty on the Viken Deposit. 
 
Garrett explains the uniqueness of District Metals being one of the few mining companies listed on this Swedish market and discusses strategic steps for marketing and building company presence in Sweden. He also shares details on the trading volume and valuation gap between the TSX.V listing.  
 
The episode also covers the Company's acquisition of a 2 percent NSR royalty on the Viken Energy Metals Deposit, emphasizing the importance of having no royalties to maximize project value. 
 
Additionally, Ainsworth provides an update on the potential lifting of Sweden's uranium moratorium, detailing the consultation process and the proposed timeline for legislative changes. He underlines how this legislative shift could significantly impact District Metals' five uranium polymetallic projects in Sweden.
 
If you have any follow up questions for Garrett please email me at Fleck@kereport.com. 
 
Click here to visit the District Metals website to learn more about the Company.