The KE Report

Will Robinson, VP of Exploration at West Red Lake Gold Mines (TSX.V:WRLG) (OTCQB:WRLGF), joins me for an expanded visual presentation on a number of underground and surface exploration targets of focus at and near the Madsen Mine and Rowan Deposit, in the Red Lake district of Ontario, Canada.
 
We start off with the big picture lay of the land across the Madsen Mine area, and then vector in on the new high-grade gold results from the 4447 Zone and 904 Complex areas at South Austin.   Will also highlights the speed at which their team can turn a geologic thesis, into drill results, and then get that data into the mine plan, with their improving understanding of the geological model and underground infrastructure advantages.
 
We also review the planned work to develop the 13-level exploration drift to get over into parts of Austin, East Drive, and Derlak areas that haven’t had good underground access for drilling.  The ultra high-grade 8-Zone is reviewed again, with Will pointing out that the narrow zone of mineralization is open in both directions and more exploration along trend is required.
 
Moving up closer to surface, we spend some time outlining how their exploration and engineering teams completed a re-evaluation of the Fork deposit pointing to its shallow, high-grade, low-plunging zone of gold mineralization that is located approximately 250 meters southwest from existing underground development at Madsen.  The exploration team did another 3,000 meters of definition drilling from surface last year, which demonstrated in the value in eventually tunneling over from McVeigh into some of the high-grade areas of mineralization while also looking for mineralized extensions.  Then even further over from Fork is the historic producing Starratt-Olsen mine, which has shown promising high-grade gold mineralization at depth and will be getting some exploration focus in the year to come.
 
Rounding it out at surface, Will flagged a number of other priority greenfields exploration targets like North Shore, Upper 8, Faulkenham, and Killoran.  These areas have returned compelling mapping, soil sampling, and limited drilling in the past, and warrant more follow up in the exploration seasons to come.
 
If you have any follow up questions for Will or the team over at West Red Lake Gold please email them into me at  Shad@kereport.com.
 
In full disclosure, Shad is shareholder of West Red Lake Gold Mines at the time of this recording, and may choose to buy or sell shares at any time.
 
Click here to follow the latest news at West Red Lake Gold
 
Click here to view the VIDEO version of this podcast on YouTube
 
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The KE Report: https://kereport.substack.com/
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Investment disclaimer:
This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Company Update, I am joined by Bob Archer, President and CEO of Pinnacle Silver & Gold (TSX.V: PINN | OTCQX: PSGCF). Following an exploration update at the El Potrero Project, Bob explains the discovery of high-grade polymetallic mineralization.
Key Discussion Points:
LiDAR-Driven Discovery: Bob explains how high-resolution LiDAR surveys identified historical artisanal workings, leading the team to the silver-lead-zinc discovery.
The Topia Connection: The interview explores the geological similarities between this new find and the nearby Topia Mine, suggesting the potential for an extensive mineralized system.
Production Fast-Track: While exploration expands, the company remains focused on fast-tracking toward gold-silver production, with underground preparations and metallurgical testing currently underway.
Operational Milestones: Bob provides insights into the fully funded underground drilling program and the upcoming feasibility studies for power line extensions and plant optimization.
 
Please email me with any follow up questions you have for Bob - Fleck@kereport.com.
Click here to visit the Pinnacle Silver and Gold website to learn more about the company and read over the recent news 
 
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For more market commentary & interview summaries, subscribe to our Substacks: 
The KE Report: https://kereport.substack.com/ 
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Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Daily Editorial, we are joined by Dave Erfle, the founder and editor of Junior Miner Junkie, to break down the current state of the precious metals sector. Despite a recent pullback, Dave provides a technical and fundamental perspective on why the current market action is a "positive correction" rather than a breakdown.
The discussion covers the macro environment influencing gold and silver, the looming pressure on the Federal Reserve, and why certain junior mining stocks remain incredible value plays even as energy costs rise.
Key Discussion Points:
Gold and Silver Technicals: Dave analyzes the consolidation patterns for gold at the $5,000 level and silver at $80, noting that the current symmetrical triangle formation suggests a strong base is being built for the next leg up.
The Federal Reserve’s Dilemma: An exploration of the "stagflation trap" where the Fed must choose between cutting rates to support slowing GDP or holding rates to fight geopolitical-driven inflation that they cannot control.
Mining Equity Divergence: Insight into why the GDX and GDXJ have pulled back despite high metal prices and why this disconnect offers a "gentleman’s entry" for investors who missed the initial bull run.
Junior vs. Producer Risks: A look at how rising energy prices act as a headwind for large open-pit producers like Newmont (NEM), shifting the tactical advantage toward early-stage developers with high-margin projects.
 
Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter - https://www.juniorminerjunky.com/
 
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For more market commentary & interview summaries, subscribe to our Substacks: 
The KE Report: https://kereport.substack.com/ 
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Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Sean Brodrick, Editor of Wealth Megatrends, Supercycle Investor, Resource Trader, and contributing analyst to Weiss Ratings Daily, joins us to review how he is trading these volatile markets on the back of Middle East geopolitics.  He is adding to energy, fertilizer, and chemical stocks on the back of rising oil prices, trimming back some gold and silver stock gains, and holding steady with select critical minerals stocks that may benefit from future government funds and policy initiatives.
 
We start off in a general discussion on what the higher oil prices may mean for inflation trends, fiscal and monetary policy, and trade amongst nations.  Dialing into the energy stocks, Sean is avoiding some international oil service companies that may be impacted negatively by the Strait of Hormuz being closed.  Conversely, Sean is adding to quality North and South American energy companies like Petrobas (PBR) and Cenovus Energy (CVE), and through the State Street SPDR S&P Oil & Gas Exploration & Production ETF (XOP), that are benefiting from increased revenues and growth due to the higher oil prices.
 
With regards to the fertilizer and chemical companies, Sean likes names like CF Industries Holdings (CF), Nutrien Ltd (NTR), and The Mosaic Company (MOS), due to their competitive ability to utilize cheap North American natural gas and processing to export fertilizer and chemicals overseas to areas that have higher nat gas prices and are affected by constrained supply of key ingredients with the Strait of Hormuz chokepoint still in effect.
 
Sean remains bullish for medium-term and longer-term in the precious metals, because all the broader fundamental macroeconomic and geopolitical factors are still in place and haven’t changed.   
Despite that outlook, in the short-term, he has been trimming back gains in a few silver and gold stocks, like Avino Silver and Gold (ASM), to raise funds for deploying into other sectors.
He reiterated the point that this is not ‘panic-selling,’ or giving up on the precious metals thesis; but rather, strategically taking gains for swing trades in other areas of the market.
However, after the wild price volatility in both directions for gold and silver in January and early February, he believes that we are likely now going to trend sideways in a price range for the near-term; basing for a while before the next move to the upside.
 
 
With regards to critical minerals, Sean remains quite interested in the metals of strategic importance to defense for the US and the world at large, like rare earths, antimony, and tungsten.
He highlighted United States Antimony (NYSE American: UAMY) which has the US government as a partner as the kind of company that he’s been holding in his portfolio.
Sean highlights the US Pentagon and Defense Department is allocating $200 Billion to invest in mineral development and processing for national defense, and highlights that domestic critical minerals stocks in rare earths, antimony, and tungsten have a higher likelihood of benefitting from these initiatives.
 
Click here to follow along with Sean’s work at Weiss Ratings Daily and Wealth Megatrends
 
Click here to learn more about Resource Trader
 
For more market commentary & interview summaries, subscribe to our Substacks:
 
The KE Report: https://kereport.substack.com/
Shad’s resource market commentary: https://excelsiorprosperity.substack.com/
 
 
Investment disclaimer:
This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Terry Lynch, CEO of Power Metallic Mines (TSX.V: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV), joins me for a comprehensive exploration update catching up on multiple news releases from their fully funded 100,000-meter drill program at the polymetallic NISK Project in Quebec.  We discuss recent drill results at the Lion Zone, pending results still at the assay lab, but also review 4 key regional exploration targets of interest for 2026 drilling.  Additionally we touch upon the successful metallurgical testing recovery results, and other value drivers in Chilean Metals spin-out, and upcoming work at the Jabal Baudan Exploration License in Saudi Arabia.
 
Infill and expansion drilling has continued to define the high-grade Lion Zone in preparation for a 2026 Mineral Resource Estimate (MRE). The infill drilling on the Lion zone has shown that the interpreted zone geometry has high repeatability raising the confidence level for future mineral resource estimates to an Indicated Resource classification. Internally the Lion Zone drilling continues to surprise with very high-grade holes.
 
Hole PML-26-049, the first hole of the 2026 winter drill campaign, was drilled to support the modelled interpretation of the Lion zone near surface. It resulted in the best copper intersection to date on the Lion Zone, intersecting massive to brecciated Cu sulphides over 16.55m @ 10.08% Cu (15.11% CuEqRec1). This hole greatly expands the zone near surface that may be amenable to early open pit extraction in a possible future mining operation.
 
The exploration team has an ongoing six-rig drill program focused on expanding the mineralized around the Lion Zone and at depth testing the potential “Elephant Zone,” and also at Lion West, at the Tiger Deep Zone.  Additionally, new polymetallic targets are being refined from surveys at the Hydro Fold-Hinge Zone, there will be more step-out drilling focused on to connecting more of the 5.5km corridor and “Gap Area” between Lion and NISK Main. 
 
There are still about 20,000+ meters of core being processed at the lab, and continued drilling that will keep going through April that should see a steady string of drill results coming back in over the next few months.
All the drilling data from the end of last year and this year will be added to prior results into a new resource update and then PEA later in the year.
Then 30,000+ additional meters that will be drilled throughout 2026, starting up again in the summer.
 
On January 19, 2026, Power Metallic Mines provided preliminary metallurgical results performed by SGS Canada Ltd at its laboratories based in Quebec City, QC, and Lakefield, ON, from representative samples of Lion zone mineralization sent over back in October 2025. An initial Lock Cycle Test within coarse grained chalcopyrite and cubanite returned a sulphide concentrate grading 25.8% Copper containing very high metal recoveries of Copper (98.9%), Palladium (93.9%), Platinum (96.8%), Gold (85.0%) and Silver (88.9%), exceeding Power Metallics most optimistic estimates for recovery prior to this test work. 
 
On Feb. 19, 2026, Chilean Metals Inc (TSX.V: CMCG) commenced trading. Chilean Metals was created through a spin-out from Power Metallic Mines Inc. (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV1) in February 2025, At time of spin-out ownership was 50% Power Metallic and 50% the Power Metallic shareholders of record January 31 2025. The new Company was created with a focused exploration mandate and a project portfolio spanning two of the most geologically fertile mining belts in the Americas.
 
We also touched upon upcoming exploration at their 100% controlled Jabal Baudan Exploration License in Saudi Arabia: Power Metallic announced on June 16th that it was awarded the exploration license for the Jabal Baudan project in Saudi Arabia’s Jabal Sayid Mineralized Belt. This historic milestone positions Power Metallic as one of the few foreign companies with mining concessions in the Kingdom of Saudi Arabia, having secured a successful bid in this prestigious licensing process.
 
If you have any questions for Terry regarding Power Metallic Mines, then please email them into me at Shad@kereport.com.
 
* In full disclosure, Shad is a shareholder of Power Metallic Mines 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 Power Metallic Mines
 
For more market commentary & interview summaries, subscribe to our Substacks:
 
The KE Report: https://kereport.substack.com/
Shad’s resource market commentary: https://excelsiorprosperity.substack.com/
 
 
Investment disclaimer:
This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
 

In this Company Introduction on the KE Report, we sit down with Joe van den Elsen, President and CEO of Andina Copper (TSX.V:ANDC - OTCQX:ANDC), to discuss the company’s exploration efforts across South America. Andina Copper has copper exploration projects in Argentina, Colombia and Chile - with drilling on two this year.  
Key Discussion Points:
Strategic Portfolio Management: Joe explains the rationale behind building a portfolio of porphyry discoveries in Argentina, Colombia, and Chile to mitigate jurisdictional risk and ensure a consistent flow of news throughout the year.
The Piuquenes Project (Argentina): We dive into the high-grade copper-gold potential of this flagship asset located near world-class deposits like El Pachón and Altar, highlighting recent drilling success and the project's shallow nature.
Advancing Cabrasco (Colombia): Joe details the acquisition of this district-scale copper-molybdenum porphyry system, the logistics of operating in the Chocó belt, and the company's commitment to year-round drilling.
The Mantau Project (Chile): A look at the pipeline opportunity in the Antofagasta region, situated adjacent to significant recent discoveries, and how it fits into the company’s seasonal exploration rotation.
Capital Position and Team Expertise: An overview of the company’s recent $27.5 million financing and the technical team driving these projects forward.
 
If you have any questions for Joe and his team you can email us at 
Click here to visit the Andina Copper website - https://www.andinacopper.com/ 
 
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For more market commentary & interview summaries, subscribe to our Substacks: 
The KE Report: https://kereport.substack.com/ 
Shad’s resource market commentary: https://excelsiorprosperity.substack.com/
Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this episode, we sit down with Nick Appleyard, President and CEO of TriStar Gold (TSX.V: TSG | OTCQB: TSGZF). Following a recent news release regarding the ongoing court case in Brazil, Nick provides essential clarity on the status of the LP environmental permit for the Castelo de Sonhos project. We dive deep into the legal proceedings, the nature of the contested facts, and the potential timelines for a resolution that could significantly re-rate the company's valuation.
Key Discussion Points:
Current Court Status: Nick explains the "evidentiary phase" of the court case, where parties are submitting contested facts and the judge is determining if independent experts are required to reach a final truth.
The Indigenous Consultation Issue: A look into the central dispute regarding the proximity of indigenous groups; Nick clarifies that the nearest groups are 30km away, upstream, and separated by a mountain range, making any environmental impact scientifically impossible.
Potential Outcomes: Discussion on the four possible paths forward - a direct judicial ruling, further expert examination, a judge-mandated negotiation, or an out-of-court settlement with the federal prosecutors.
Project Value vs. Market Cap: A comparison of TriStar’s current $110 million CAD market cap against the project’s post-tax NPV of over $2 billion USD, highlighting the massive value gap created by these "artificial" legal delays.
 
Click here to visit the TriStar Gold website to learn more about the Company and Project. 
 
Email me any follow up questions for Nick - Fleck@kereport.com. 
 
----------------
For more market commentary & interview summaries, subscribe to our Substacks: 
The KE Report: https://kereport.substack.com/ 
Shad’s resource market commentary: https://excelsiorprosperity.substack.com/
Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this episode, we are joined by Rob Bruggeman, an experienced industry insider and equity analyst who recently launched The Wealthy Miner, a subscription-based research platform. Drawing on over 20 years of experience as an analyst and proprietary trader for major banks, Rob shares his unique analytical framework for identifying value in the resource sector.
Rob explains his current preference for producers over early-stage explorers, citing the immediate benefits of rising metal prices and the risk of cost inflation for future developments.
Key Discussion Points
The Wealthy Miner Philosophy: Transitioning from a banking background to a disciplined research platform designed to provide an information advantage through rigorous analysis.
Precious Metals Outlook: Why the current bull market in gold and silver remains intact, with the potential for gold to reach $10,000 as geopolitical and currency forces continue to align.
Producers vs. Explorers: A deep dive into why near-term producers offer better risk-reward profiles today, as they have already "sunk" their costs and can capture immediate margins from high spot prices.
Strategic Minerals and Copper: Assessing the long-term demand for copper driven by AI and electrification, and the specific criteria for identifying world-class copper porphyry discoveries.
Stock Selection Criteria: How to differentiate between "lottery ticket" explorers and projects with legitimate potential for a "ten-bagger" return based on drill results and management execution.
 
Click here to visit The Wealthy Miner website - https://www.thewealthyminer.com/ 
 
-------------------------
For more market commentary & interview summaries, subscribe to our Substacks: 
The KE Report: https://kereport.substack.com/ 
Shad’s resource market commentary: https://excelsiorprosperity.substack.com/
Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this exploration update, we are joined by Greg McCunn, President and CEO of Great Pacific Gold (TSX.V: GPAC | OTCQX: GPGCF). Greg provides a comprehensive look at the company’s recent drill results and the rapid expansion of their exploration targets within the Wild Dog structural corridor in Papua New Guinea.
The discussion covers the transition of drilling efforts from the Sinivit target to the Kavasuki target, early visuals from the maiden program at Kasie Ridge, and the high-priority channel sampling results from the Morgan and Magiabe West areas.
Key Discussion Points:
High-Grade Success at Kavasuki: Analysis of the first drill hole which returned 58.9 meters at 2.5 g/t AuEq.
The Wild Dog Corridor Strategy: Insight into the 1-kilometer undrilled gap between Sinivit and Kavasuki and the company's plan to test if these areas form one continuous high-grade system.
Maiden Drilling at Kasie Ridge: An update on the second drill rig testing a never-before-drilled lithocap and porphyry target, where early holes have already visualized chalcopyrite.
New Discoveries at Morgan and Magiabe West: Review of channel samples, including 19.3 meters at 4.1 g/t AuEq at the Morgan Vein and 8.0 meters at 18.12g/t AuEq at Magiabe West, significantly extending the known strike length of these systems.
2026 Exploration Outlook: A look at the company’s $10 million working capital position and the systematic plan to utilize two rigs to build resources and test new pipeline targets through the remainder of the year.
 
If you have any follow up questions for Greg please me at Fleck@kereport.com. 
Click here to visit the Great Pacific Gold website - https://gpacgold.com/
 
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For more market commentary & interview summaries, subscribe to our Substacks: 
The KE Report: https://kereport.substack.com/ 
Shad’s resource market commentary: https://excelsiorprosperity.substack.com/
 
Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Brad Rourke, Executive Chairman of Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR80), joins us to review the final drill results from the 2025 drill program at the Blueberry Contact Zone, and we look ahead to the fully-funded 50,000 metre 2026 Drill Program at the Scottie Gold Mine Project; located in the Golden Triangle of British Columbia.  Once all the data from both the 2025 and 2026 drill programs are analyzed, then an updated Resource Estimate and Feasibility Study will be released next year.
 
Brad has moved into the role of Executive Chairman, focused on strategic oversight, capital markets engagement, and corporate development initiatives. He has passed the leadership baton to Thomas Mumford, promoting him to CEO, as well as President. Mr. Rourke has been instrumental in assembling the Company's current management team and Board of Directors, attracting high quality investors and strategic partners such as Ocean Partners and Franco Nevada, which facilitated the discovery of the Blueberry Contact Zone, and securing funding for the Company's largest drill programs to date.
 
Dr. Thomas Mumford brings extensive experience in corporate strategy, capital markets, and resource project advancement, overseeing the Company's recent PEA and drilling execution strategies that have continued to advance and grow the Project while identifying future drill targets that may result in new discoveries. As CEO, he will lead the Company's operational execution, strategic planning, and stakeholder engagement.
 
Next we focused on the final assay results from the 2025 drill program that were announced over a few press releases in February, and which demonstrated continuity at Blueberry and district-scale upside across the property.  In 2025, Scottie completed its biggest drill season ever, drilling more than 27,300 metres across 126 holes. This included 17 specialized holes (2,300 metres) focused on ground stability and water studies important steps as the project advances toward potential future mine development.
 
The program delivered the best gold intercept ever recorded on the property, including 30.1 grams per tonne gold over 23.65 metres in drillhole # SR24-364.  Other recent headline holes returned 14.4 g/t Gold over 40.75 Metres in drillhole # SR25-483; 42.5 g/t Gold over 4.40 Metres in drillhole# SR25-381; 141 g/t Gold over 4.55 Metres in drillhole# SR25-470; and 54.6 g/t Gold over 7.05 Metres in drillhole # SR25-473.
 
Results from the season showed consistent high-grade gold throughout the project.
 
44% of holes hit more than 2 metres of 5+ g/t gold
30% of holes hit more than 2 metres of 10+ g/t gold
25% of holes hit more than 2 metres of 15+ g/t gold
20% of holes hit more than 2 metres of 20+ g/t gold
11% of holes hit more than 2 metres of 30+ g/t gold
 
Brad outlined the team at Scottie is now finalizing their interpretation of the 2025 assay results and will outline the 2026 exploration plans in the coming weeks for the 50,000 meter drill program focused on upgrading known ounces from inferred to indicated, as well as testing expansion targets like Wolf, P-Zone, C&D veins, and Domino.   After all the 2026 data comes in the Company will then update the Resource Estimate and complete the workstreams to announce the Feasibility Study.
 
 
If you have any questions for Thomas regarding Scottie Resources, then please email us at Fleck@kereport.com or  Shad@kereport.com.
 
In full disclosure, Shad is a shareholder of Scottie Resources 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 Scottie Resources
 
For more market commentary & interview summaries, subscribe to our Substacks:
 
The KE Report: https://kereport.substack.com/
Shad’s resource market commentary: https://excelsiorprosperity.substack.com/
 
 
Investment disclaimer:
This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.