The KE Report

Talisker Resources – Ore From The Mustang Mine Is Being Trucked Over To Nicola Mining’s Craigmont Mill For Processing And Ramp Up Into Gold Production

Terry Harbort, President and CEO of Talisker Resources (TSX: TSK) (OTCQX:TSKFF), joins me to review the renewed the milling agreement with Nicola Mining Inc. in connection with processing run of mine material from the Mustang Mine, at the Bralorne Gold Project, over to Nicola’s Craigmont Mill located in Merritt, British Columbia.  The company announced on May 15th that as of Sunday, May 11th, Talisker initiated the trucking of run of mine vein material extracted from the 1060 and 1075 development levels.  We unpacked this major positive milestone for the Company, and what the ramp up in to production will look like for the second half of this year.
 
To date, a total of 640 tonnes of run of mine material from along the Alhambra Vein has been transported to the Craigmont Mill. A processing stockpile will be developed at the Craigmont Mill over the next month to allow operational continuity. Milling is expected to proceed soon thereafter. We discuss the development work underway on the pathway to near-term gold production at the Mustang Mine over the next few months.
 
We review that main area of focus for the development declines and work up until this point in time has been in the unmined area, between the historically mined Bralorne  and King mines, now referred to as the Mustang Mine. To date, a total of 286.6 metres of development has been completed at the Mustang Mine including waste development on the 1090, 1085, 1100, 1105 and 1120 levels and development on mineralized vein material on both east and west fronts on the 1060 and 1075 levels.
 
We shift over to the measured ramp-up of throughput from mined ore at the Mustang Mine with throughput starting at 100 tonnes per day (tpd) in the next 2 months, then moving up to 175 tpd after that, and then up to 250 tpd by year-end.  Moving into next year it is anticipated that throughput can rise from 300 tpd, up to 500 tpd, and then eventually 750 tpd in the years thereafter.  That will involve pulling in material from the unmined areas between the historic Bralorne and Pioneer mines as a second eventual area of focus.
 
In addition to being amenable to toll milling at nearby processing centers with spare capacity, there have been studies underway looking at upgrading the ore on site using ore-sorting technology, so that higher-grade material, with less associated waste would make it more economical to be shipped to additional processing centers. An economic study is slated for later this year that will explore some of these concepts in more detail. Wrapping up we discuss the key milestones and news on tap for the balance of this year.
 
 
If you have any follow up questions for Terry then please email me at Shad@kereport.com.
 
Click here to follow the latest news from Talisker Resources

Brien Lundin - Junior Gold & Silver Stocks Outperforming, Drill Plays Of Interest

In this KE Report Daily Editorial, we reconnect with Brien Lundin, Editor of the Gold Newsletter and Host of the New Orleans Investment Conference (Nov 2–5), to break down the shifting dynamics in the precious metals equity sector, especially the rising tide lifting junior mining stocks. A wave of capital is moving down the food chain, from majors to juniors.
 
Topics covered include:
A broad rotation into juniors, with many financings being upsized or quickly closed.
The psychological impact of gold’s price stability and its role in driving resource stock revaluations.
The divergence in valuations for ounces in the ground - and why some juniors are still deeply undervalued.
Why silver stocks are suddenly attracting attention, despite higher prices earlier this year.
Brien’s top silver picks: Vizsla Silver, Aftermath Silver, Hawthorne Resources, Silver Tiger.
Exploration-focused drill stories Brien is following this summer: Prospector Metals, K2 Gold, Dryden Gold.
Plus, a reminder to join us at the New Orleans Investment Conference in November. Click here to follow Brien’s Gold Newsletter and learn more about this year’s conference. 

Power Metallic Mines - Fully Funded 100,000m Drill Program Underway at NISK Project

In this KE Report Company Update, we’re joined by Terry Lynch, CEO of Power Nickel Mines (TSX.V:PNPN - OTC:PNPNF - FRA:1VV), to discuss the company’s aggressive and fully funded 100,000-meter drill program at the polymetallic NISK Project in Quebec. 
 
Key Highlights from the Interview:
Exploration Strategy: A six-rig program focused on expanding the Lion Zone at depth, exploring new polymetallic targets, and connecting a 5+ km corridor between Lion and NISK East.
Resource Growth Path: Early-stage modeling efforts are enabling analysts and investors to build their own interpretations of scale, while metallurgical studies are underway to confirm high recovery rates.
Financing & Market Volatility: Terry explains the timing behind the capital raise, recent market headwinds triggered by tariff fears, and how investor sentiment impacted the stock despite strong news flow.
Name Change Rationale: Rebranding from Power Nickel to Power Metallic better reflects the polymetallic nature of the discovery, which includes high grades of copper, nickel, PGEs, gold, and silver.
Click here to visit the Power Metallic website for more information on the company.
📬 Send in your questions - we’ll follow up with Terry as more drill results come in. Fleck@kereport.com and Shad@kereport.com 

Nick Hodge – Pruning And Planting Portfolio Positions In Gold, Silver, Copper, And Uranium Stocks

Nick Hodge, Co-Owner of Digest Publishing and editor of Foundational Profits and Hodge Family Office, joins us for a longer-format discussion on and the macro and micro themes that are continuing to create volatility in the general equities, bonds, and commodities market, and how he has been using these moves to both prune winning positions and plant new positions in the gold, silver, copper, rare earths, and uranium stocks.
 
We start off reviewing the cooling of the extreme market volatility we witnessed a little over a month ago, where general US equities have rebounded strongly, but instead of being concentrated into just mega-cap tech, capital has broadened out into other sectors like consumer staples, real estate, and industrials. Nick reiterated his stance that these factors are not demonstrating an economy going immediately into a recession or depression, and neither are the improving GDP metrics, so he is anticipating a reflationary trade for the second half of this year.   When the pause comes off the tariffs in July they will be less extreme than many initially envisioned, but this will still cause an uptick in inflation and be a net positive for the commodities sector.
 
Nick remains bullish on gold, silver, and copper for fundamental reasons as well as recent pricing strength momentum.   In addition to solid portfolio positions in ETFs like (GDXJ) and (SLVR), or playing domestic copper and base metals production through Freeport-McMoRan Inc. (NYSE: FCX); he was also active last year and early this year putting capital to work in junior exploration companies like Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF), Hannan Metals Limited (TSXV: HAN) (OTC Pink: HANNF), and Quartz Mountain Resources Ltd. (TSXV:QZM)(OTC PINK:QZMRF).
 
We the weave in other commodities, such as how he is playing rare earths recycling through a position in CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF), or investing in junior uranium stocks using the ETF (URNJ) or positions in Energy Fuels Inc. (TSX: EFR) (NYSE American: UUUU) and Denison Mines Corp. (TSX: DML) (NYSE American: DNN).   This leads to a deeper dive into the overall demand drivers for nuclear power, small modular reactor stocks, uranium supply constraints as the utility contracting picks up the pace, and how that should continue to benefit uranium equities. 
 
Click here to follow Nick’s analysis and publications over at Digest Publishing

Targa Exploration - Financing, Share Consolidation, and 2025 Drill Plans at Opinaca Gold Project

In this KE Report company update, we welcome back Cameron Tymstra, President and CEO of Targa Exploration (CSE:TEX - OTCQB:TRGEF - FRA:V6Y), to discuss the company’s evolving gold exploration strategy in the James Bay region of Quebec.
 
Targa is gearing up for its first drill program at the Opinaca Gold Project with a larger financing, share consolidation, and airborne geophysics planned to refine high-priority targets.
 
Key discussion points include:
– Why Targa cancelled a smaller $500k raise in favor of a $2.6 million financing, supported by strong investor interest– How proceeds will fund airborne geophysics and a ~3,000m maiden drill program targeting a 7-km gold anomaly– Details on the 5-for-1 share consolidation and rationale behind the capital structure reset– Comparables and context: proximity to Newmont’s former Eleonore Mine and Patriot Battery Metals’ Corvette project – Cost estimates for drilling and expectations around permitting and pad selection before the planned August/September drill mobilization– Potential for future portfolio expansion into additional gold assets
 
The Opinaca project presents a greenfield opportunity in a region with very limited historical exploration. 
 
Visit the Targa Exploration website for more details.
Be sure to subscribe for follow-up interviews and market commentary. YouTube, Spotify, Apple Podcasts, and X

Vizsla Silver - Resuming Field Work and Acquiring The Santa Fe Claim Package, Including A Producing Mine

In this company update, I’m joined by Mike Konnert, President and CEO of Vizsla Silver (NYSE:VZLA - TSX:VZLA), to discuss two major developments: the resumption of field work at the Panuco Project and the strategic acquisition of the Santa Fe claim package, which includes a currently producing silver-gold mine.
 
Key Topics Covered:
– Santa Fe Acquisition: Mike explains how the deal was forged through long-standing relationships with a private Mexican mining family. The acquisition adds a producing mine, a mill, and significant exploration upside adjacent to the Panuco Project, strengthening Vizsla’s district-scale production vision.
 
– Panuco Project Field Work Resumes: Following a temporary pause, test mining and exploration drilling are back underway. Mike outlines the rapid progress at the Copala test mine and the company's strategy to build out multiple centers of production across the district.
 
– Exploration Outlook for 2025: With six rigs active and a rolling 10,000-meter drill program, Vizsla is targeting growth both near the current resource and across new high-potential zones like Animas, Colorado, and Santa Enrique. The company is also integrating new EM and geophysical data to refine drill targets.
 
– Feasibility Study & Project Financing: The upcoming feasibility study is expected to align closely with the strong economics from the PEA. Vizsla currently holds US$100M in the treasury and has advanced project finance discussions. The company aims to be fully funded and permitted to begin construction, targeting production by late 2027.
 
– Industry Positioning and M&A Trends: Mike highlights recent silver sector M&A deals (like MAG Silver and Pan American), reinforcing that Mexico remains a highly desirable jurisdiction. He sees Vizsla as well-positioned for a major re-rating as the company continues to de-risk and build scale.
 
If you have any follow up questions for Mike please email me at Fleck@kereport.com. 
 
Click here to visit the Vizsla website to learn more about the Company.
 

Aztec Minerals - $3.6M Financing Closed, Land Package Expanded at Tombstone

Simon Dyakowski, President and CEO of Aztec Minerals, outlines the company’s growth strategy at the Tombstone Gold-Silver Project following a successful $3.6M financing and land expansion.
 
In this KE Report interview, Simon Dyakowski provides a detailed update on:
The oversubscribed $3.6 million private placement, closed in just three weeks without a broker.
Strategic land staking at Tombstone, expanding the land package by ~46%, and the rationale behind targeting newly available unpatented claims.
The difference between patented and unpatented mining claims, and what this means for exploration and surface rights.
Updates on Aztec’s JV ownership increase to 78.7%, giving them stronger control of the Tombstone district.
Plans for a fully funded 5,000-meter drill program, focused on shallow high-grade targets and deeper CRD zones, with work expected to start in the next month.
Early-stage preparations for work at the Cervantes Project in Sonora, Mexico.
This is a comprehensive look at how Aztec is strategically consolidating its position in Arizona while advancing exploration in both the U.S. and Mexico.
 
Please email me any questions you have for Simon. My email address is Fleck@kereport.com. 
 
Click here to visit the Aztec Minerals website. 

Sean Brodrick – Economic Data Has Him Hesitant On Big Tech, But Still Constructive On Gold, Silver, and PM Stocks, And Buying The Dip In Energy Stocks

Sean Brodrick, Editor of Wealth Megatrends and contributing analyst to Weiss Ratings Daily, joins us to outline why he is not convinced in the Wall Street narrative that the worst parts of the tariff implications are behind us, based on macroeconomic data he is following including the weakness in the US long bond, US dollar, and business guidance through year end.  He is only holding the highest conviction sectors like gold, precious metals stocks, dividend paying mid-tier oil and gas stocks, and utility stocks, in this continued environment of uncertainty.
 
 We start off discuss the continued challenges to trade barriers, issues with the US deficit and increased debt loads, and international buyers still scaling out of US markets to repatriate funds into their own domestic stock markets.  Sean has been bullish European defense stocks, South American fintech and water stocks, and even Canadian stocks, although he’s not yet transitioned to buying Japanese stocks at this point.  He is not convinced that large US tech stocks are in the same kind of safe upward trajectory that they have been for years and believe AI and other foreign platforms may be a threat to some domestic large-cap tech stocks.
 
With regards to the commodities sector, Sean is constructive that this recent pullback in gold has been a buying opportunity and is still bullish both gold and silver stocks in the medium-term.   He is also is getting interested in accumulating the better run intermediated oil and natural gas stocks that pay good dividends and may be the acquisition targets of the larger energy companies.  He likes nat gas power as a bridge energy for big data companies and AI, and still sees value in the utility stocks. This leads into a discussion on why he’s still bullish in the longer-term for copper and copper equities, but doesn’t feel it is as imminent or urgent to get positioned.
 
Click here to follow along with Sean’s work at Weiss Ratings Daily and Wealth Megatrends
 
Click here to learn more about Resource Trader

Dave Erfle - Flood of Capital into Juniors & Silver Stocks Outperformance

Dave Erfle, Founder and Editor of Junior Miner Junky, joins us to discuss the powerful shift now unfolding across the junior mining sector. After years of capital scarcity, junior exploration companies, even those with sub-$10M market caps, are suddenly raising millions in oversubscribed financings. What's driving the turnaround?
 
Dave explains how the breakout in GDX/GDXJ earlier this year is fueling a rotation into earlier-stage juniors, with smart money moving down the food chain. The TSX Venture is showing technical strength, silver juniors are outperforming, and M&A activity is picking up across the silver space.
 
We discuss:
The surge in financings across micro-cap juniors
Capital rotation from producers to exploration plays
The silver catch-up trade and gold:silver ratio compression
What to look for in development-stage funding (and what to avoid)
Jurisdictions gaining favor - is Mexico back?
Dave also shares when he takes profits, how he spots takeover targets, and why quality still matters, even in the high-risk junior phase.
 
Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter. 

AbraSilver Resource – Early Phase 5 Drilling Intersects 31.0 Metres Grading 10.0 g/t Gold For The Best Gold Intercept To Date At Diablillos

John Miniotis, President and CEO and David O’Connor, Chief Geologist of AbraSilver Resource Corp (TSX: ABRA) (OTCQX: ABBRF), join us to review one of the first drill assays returned from the ongoing Phase V exploration program, returning the best gold intercept to date at their wholly-owned Diablillos property in Salta Province, Argentina.  Due to the timing this hole will still make it into the updated Resource Estimate due out in mid-year in July.
 
These standout intercepts come from step-out hole # DDH 25-024, which encountered exceptional gold and silver mineralization just beyond the previously defined eastern margin of the conceptual Oculto open pit, in what has been dubbed the Oculto East area. These results underscore the strong potential for continued growth of high-grade mineralization east of Oculto, making this a high-priority exploration target for follow-up drilling in the ongoing Phase V drill program.   
 
Highlights include of DDH 25-024 include:
 
31.0 metres (“m”) grading 10.0 g/t gold and 16 g/t silver, including 6.0 m at 41.9 g/t gold and 22 g/t silver
 
Additionally, the same hole returned a separate interval of 13.0 m grading 307 g/t silver from 216 m depth and within the conceptual open pit, including 8.0 m at 446 g/t silver in the upper silver-enriched zone
 
With three drill rigs now active across the broader Diablillos land package, and the potential to add a fourth rig in the future, the Company is entering another exciting new phase of exploration growth. In addition, the Company is doing all the derisking work programs in parallel with exploration for their ongoing Definitive Feasibility Study due out in early 2026.
 
 
If you have any follow up questions for John or Dave regarding at AbraSilver, then please email us at Fleck@kereport.com or Shad@kereport.com.
 
In full disclosure, Shad is a shareholder of AbraSilver at the time of this recording.
 
Click here to visit the AbraSilver website and read over the most recent news releases.