The KE Report
The KE Report provides exclusive interviews with private money managers and sub $10 billion market cap stocks. Interviews are published daily to help investors navigate the markets.
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Friday Nov 28, 2025
Friday Nov 28, 2025
In this company update, we sit down with Greg McCunn, President and CEO of Great Pacific Gold (TSX.V:GPAC - OTCQX:GPGCF - Frankfurt:V3H). Greg breaks down the latest high-grade drill results from the Wild Dog property in Papua New Guinea and outlines the company’s multi-asset value creation strategy. We discuss the ongoing drill program, the strategic potential of the Kesar project next to K92 Mining, and the upcoming key dates for the spin-out of the Australian Walhalla asset.
Key Discussion Points:
Wild Dog Drill Results: Breakdown of recent high-grade intercepts at the Sinivit target and confirmation of parallel vein structures.
Exploration Roadmap: Updates on the current drill campaign and the transition to testing deeper feeder zones with a second rig in 2026.
Kesar Project: The strategic importance of the land package adjacent to K92 Mining and plans to unlock value following a new technical report.
Walhalla Spin-Out: Important details and expected record dates regarding the distribution of shares for the Australian asset spin-out.
If you have any follow up questions for Greg please me at Fleck@kereport.com.
Click here to visit the Great Pacific Gold website
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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. 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.
Thursday Nov 27, 2025
Thursday Nov 27, 2025
Glenn Jessome, President & CEO of Silver Tiger Metals (TSX.V:SLVR – OTCQX:SLVTF), joins us to review the major news released November 7th which announced that the Company has secured all of the required approvals and permits from the Mexican Federal Environmental Department (“SEMARNAT”) to construct the El Tigre Stockwork Silver-Gold Project in Sonora, Mexico. We also discuss the upcoming underground PEA, set for January of next year, along with the coming regional drill programs to the north and south of El Tigre in 2026.
With all approvals for the Project now granted, Silver Tiger is now ready to advance the Project towards construction over an 18-month plan, as outlined in the October 2024 Preliminary Feasibility Study (PFS) for the Project. We dive into the robust economics on just this initial bulk tonnage phase of the project, through the lens of current metals price sensitivities. Glenn shares with us the many earlier stage initiatives their operations team, led by VP of Operations, Francisco Albelais, like building the 365 day per year haulage road, and the 6 months of engineering work that gives them a large head start on hitting the ground running now that the permit is in hand.
With regards to the debt term sheets and how the company will fund the mine build, Glenn shares the flexibility and optionality that their team now has, after having recently raised CAD$40 Million bought deal financing with a syndicate of underwriters led by BMO Capital Markets and Stifel Nicolaus Canada. When combined with the ~CAD$30 million the company already had in their treasury, they essentially have a large percentage of the US$85 million capex needed to build the bulk tonnage surface mine at El Tigre. This means that they can negotiate less restrictive debt covenants, giving them the flexibility to keep pursuing work on the underground strategy, as well as regional exploration to the north and south of El Tigre.
We wrap up recapping all the exploration, development, and derisking work that is going into the upcoming imminent Preliminary Economic Assessment (PEA) for the underground mine, now set to release to the market in January. The team at Silver Tiger has been compiling the last 5 years of work delineating the 113 million ounces of silver equivalent resources in the high-grade veins, shale, and sulphide zones underground portion of El Tigre, the metallurgical studies, and engineering work to be able to release the upcoming PEA early in Q1. This report will center around the already permitted underground scenario utilizing an 800 tonnes-per-day (tpd) mill, and focusing on the initial first 10 years of mine life.
Wrapping up we have Glenn outline that in 2026 all of the earlier-stage regional exploration work their team has been engaged with in H2 of this year, both to the north and south of El Tigre, will allow for the commencement of the first drilling on these high-priority targets since 2017. This will demonstrate to the market that their land concessions are truly part of a district-scale opportunity, far beyond just the delineated mineralization and mine plans at El Tigre.
If you have any follow up questions for Glenn regarding Silver Tiger Metals, then please email them into me at Shad@kereport.com.
In full disclosure, Shad is a shareholder of Silver Tiger 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
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.
Thursday Nov 27, 2025
Thursday Nov 27, 2025
In this company introduction, we sit down with Rupert Williams, CEO and Director of North Peak Resources (TSX.V:NPR - OTCQB:NPRL).
Rupert provides a comprehensive overview of the company’s flagship asset, the Prospect Mountain Mine in Nevada’s Battle Mountain-Eureka Trend. Having acquired 100% interest in the project in July, the company is now applying modern exploration techniques to a historic high-grade mine that has seen little activity for decades. We discuss the location of the asset - situated between McEwen Mining and i-80 Gold - and the ongoing drill program aimed at unlocking value from this brownfield site.
Key Discussion Points:
The Prospect Mountain Asset: An overview of this historic mine, which features over 11 miles of underground infrastructure and sits in a camp that has produced over 3 million ounces of gold.
Dual Geological Potential: A breakdown of the two distinct styles of mineralization on the property: near-surface Carlin-style gold and a deeper, CRD polymetallic system.
Current Drill Program: Details on the active drilling across three key targets.
Near-Term Cash Flow: The potential to process a 220,000-ton surface waste dump, estimated to hold $15-$20 million in value.
Proven Leadership: A look at the track record of Chairman Harry Dobson, the founder behind Kirkland Lake Gold, and how the team plans to replicate that value creation through the drill bit.
Click here to visit the North Peak Resources website for more information
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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. 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.
Wednesday Nov 26, 2025
Wednesday Nov 26, 2025
Segun Lawson, President and CEO of Thor Explorations (TSX.V: THX) (AIM: THX) (OTC: THXPF), joins me for a review of Q3 2025 operations and production metrics from its Segilola Gold mine, and for the Company’s ongoing exploration and development programs in Nigeria, Senegal and Cote D’Ivoire.
Segilola Q3 2025 Financial Highlights
19,650 ounces ("oz") of gold ("Au") sold at an average gold price of US$3,535 per oz.
Cash operating cost of US$783 per oz sold and all-in sustaining cost ("AISC") of US$1,129 per oz sold.
Revenue of US$69.9 million (vs Q3 2024: US$40.2 million).
Net profit of US$43.1 million (vs Q3 2024: US$17.5 million).
EBITDA of US$51.8 million (vs Q3 2024: US$27.4 million).
Adjusted net cash of US$81.0 million (vs Q3 2024: US$3.2 million).
Segilola Operational Highlights
Gold poured totaled 22,617 oz during Q3 2025.
250,459 tonnes ("t") of ore processed during Q3 2025, at an increased equivalent throughput rate of 2,722 tonnes per day.
Mill feed grade was 3.11 grammes per tonne ("g/t") Au.
Process plant recovery performance has improved compared to recent quarters and during Q3 it operated at an average of 94.3%.
386,558 t of ore mined during the Period, at an average grade of 2.26 g/t Au.
The ore stockpile increased by 2,977 oz to 44,069 oz of Au at an average grade of 0.83g/t Au. This is more than one year of process plant supply and offers flexibility and low risk for future process plant production.
Segilola Exploration
The Segilola life of mine extension drilling program continued during Q3, with diamond drilling taking place to test the depth extensions of the Segilola deposits.
A mining consultancy was engaged for a high-level review of the underground potential to support the continuation of the drilling program.
The Group is aiming to define an updated resource as of end of 2025.
Regional surface exploration continued across several of its licenses; mainly south of the Segilola Gold mine.
Douta Project – Senegal
During the Quarter, a reverse circulation ("RC") drilling program and metallurgical testwork was completed on the Baraka 3 Prospect, aimed at extending the recently discovered drilled mineralization towards the north and south.
Subject to finalizing metallurgical tests on the Baraka ore, it should satisfy the Group's strategy at Douta to delineate an initial 500,000 oz oxide resource at the start of the mine life.
The Group continued to progress the final workstreams for the Douta Pre-Feasibility Study ("PFS"), which it aims to release in Q4 2025.
Thor announced the signing of a binding sale and purchase agreement with International Mining Company SARL ("IMC") to acquire the remaining 30% interest in Douta for a total consideration for the acquisition is a payment of US$3.0 million in cash with 50% payable on signing and 50% payable at completion and a 1.25% average Net Smelter Royalty capped at US$60.0 million.
The Group also announced that it acquired an initial 65% interest in the Bousankhoba Exploration Permit, an early-stage gold exploration permit located contiguous to the east of the Company's Douta West permit.
Bousankhoba contains several continuous soil geochemical anomalies, some of which have had historical early-stage drilling with encouraging results, including 10 m at 3.6 g/t Au and 2 m at 52 g/t Au.
Cote D'Ivoire exploration projects
During the Quarter, Thor completed an initial RC drilling program at the Guitry Project, comprised of 4,604 m in 41 holes. The drilling campaign successfully intersected several high-grade mineralized lodes which remains open.
At the Marahui Project mapping and rock sampling progressed during the Quarter, with more than 250 samples collected.
Further exploration drilling activities are planned at Guitry and Marahui and scheduled to continue for the next eight months during the dry season.
If you have any questions for Segun regarding Thor Explorations, then please email them into me at Shad@kereport.com.
In full disclosure, Shad is a shareholder of Thor Explorations at the time of this interview.
Click here to follow the latest news from Thor Explorations
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.
Wednesday Nov 26, 2025
Wednesday Nov 26, 2025
In this company update, we welcome back Colin Padget, President and CEO of Founders Metals (TSX.V:FDR - OTC:FDMIF - FSE:9DL0).
Colin discusses the details behind the recent $50 million strategic investment from Gold Fields and the company’s acquisition of an additional 36,000 hectares at the Antino Gold Project. The conversation covers the technical collaboration with Gold Fields and the company's shift toward a district-scale exploration approach, prioritizing the identification of multiple mineralized centers over immediate resource definition.
Key Discussion Points:
Gold Fields Transaction: Details on how the investment was structured, the technical due diligence process, and the collaborative approach to exploration in the Guiana Shield.
Land Package Expansion: An overview of the new 36,000-hectare acquisition and the systematic exploration plans, including the use of Lidar and geophysics to identify new targets.
Exploration Strategy: The rationale behind prioritizing drilling for scale and discovery (targeting 5-10+ million ounces) versus moving directly to a resource estimate on current targets.
Drill Program Updates: Current status and exploration plans for Upper and Lower Antino, as well as regional targets including Van Gogh, Da Vinci, and Maria Geralda.
If you have any follow up questions or topic you would like Colin to address please email me at Fleck@kereport.com.
Click here to visit the Founders Metals website
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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. 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.
Wednesday Nov 26, 2025
Wednesday Nov 26, 2025
In this Stock Talk episode, I welcome back Quinton Hennigh, CEO of San Cristobal Mining, for a concise and insightful update on where genuine exploration value is emerging in today’s metal markets.
Key Discussion Highlights
Exploration sentiment - Strong metals backdrop but rapid sentiment swings; silver’s consolidation may be establishing a higher floor.
Quality vs. noise - With many juniors well-funded, Quinton outlines simple filters to identify real discoveries versus dilution-heavy stories.
Jurisdictions to watch - The Yukon as this cycle’s discovery hub, plus improving exploration climates in Chile, Argentina, Bolivia, and Peru.
Porphyry copper realities - Only a handful of systems ever become mines; how to quickly assess whether a new hit belongs in the “top tier.”
Gold vs. silver - Silver may have more price upside this cycle, but quality primary silver deposits remain rare - supporting strong valuation premiums.
Mentioned stocks - Snowline Gold (SGD.V), Sitka Gold (SIG.V), King Copper (KCP.V), Silver47 (AGA.V), Alaska Silver (WAM.V), Hercules Metals (BIG.V), Vizsla Silver (VZLA), MAG Silver, Gatos, SilverCrest.
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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. 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.
Wednesday Nov 26, 2025
Wednesday Nov 26, 2025
In this KE Report Company Update, Stephen Soock, VP of Investor Relations & Development at Heliostar Metals (TSX-V:HSTR - OTCQX:HSTXF - FSE:R0G1), breaks down a busy month of news across financials, operations, and exploration.
Key Discussion Highlights:
Q3 Financials Record ~9,000 GEOs produced; strong net income; quarter-end cash US$34.6M plus unsold ounces; ~US$6.5M spent on exploration.
Costs & Guidance Cash costs ~US$1,500/oz, AISC ~US$1,800/oz; Q4 costs to rise with San Agustin restart but still within guidance.
La Colorada & San Agustin La Colorada steady production from stockpiles ahead of a 2026 shift to higher-grade open-pit mining. San Agustin restart underway with first ore expected by year-end and strong cash flow in 2026.
Ana Paula PEA Robust economics at US$2,400 gold; >US$1B NPV at US$3,800 gold; ~100,000 oz/yr at ~US$1,000 AISC once built.
Drill Program Expansion Increased to 20,000m following impressive hits, including 83m of 17 g/t Au; continued potential to extend mine life.
Development Timeline Feasibility, permitting, and financing work in progress; construction decision targeted H1 2027; production H2 2028.
Upcoming Catalysts SGA PFS, more drill results, La Colorada permit updates, and San Agustin’s first production.
Please email me at Fleck@kereport.com with any follow up questions for Stephen.
Click here to visit the Heliostar Metals website to learn more about the Company
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For more market commentary & interview summaries, subscribe to our Substacks: https://kereport.substack.com/ 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.
Tuesday Nov 25, 2025
Tuesday Nov 25, 2025
Robert Sinn, (aka Goldfinger on CEO.ca and CeoTechnican on X) and publisher of Goldfinger Capital on YouTube and Substack, joins me for a wide-ranging discussion on the sentiment shift and technical outlook on gold, silver, copper, the tax loss selling seasonal trade from now into Q1, valuations in different stages of companies, and a number of value propositions in related resource stocks.
We start off unpacking the shift in sentiment since the October highs in the precious metals, while noting that the current prices continue to stay well above $4,000 gold and $50 silver is creating some interesting trades over the medium-term. We discuss how money has rotated down the risk curve from the producers and quality developers into the optionality plays, advanced explorers, and discovery-stage exploration companies, but many are now well off their recent highs. This brings up the topic of what kind of tax loss selling season we are going to see this year in precious metals stocks, where seniors are well in the green and yet there are some junior explorers that may be in the red from where people bought them.
Next we dive into the copper market, the dichotomy between copper producers and copper juniors, and review potential opportunities in the explorers and developers. We review that US states like Idaho, Nevada, and Arizona or Canadian provinces like British Columbia or the Yukon still remain go-to jurisdictions for copper companies. Robert highlights Hercules Metals Corp. (TSXV: BIG) (OTCQB: BADEF) as a case study for a copper explorer that has made a meaningful discovery, and yet it is a tax loss selling candidate that he believes has a compelling value proposition at current prices.
Wrapping up we briefly touch upon US administration tailwinds and supply/demand imbalances that make critical minerals another area of opportunity. Robert mentions that Fireweed Metals (TSXV: FWZ) (OTCQX: FWEDF) and Talon Metals (TSX: TLO) (OTC: TLOFF) have compelling projects that may receive some more government funds or less restrictive permitting hurtles to aid in their expedited development.
Follow Robert’s analysis on Substack
https://ceo.ca/@goldfinger
Click here to follow Robert on X/Twitter
https://www.youtube.com/@GoldfingerCapital/videos
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.
Tuesday Nov 25, 2025
Tuesday Nov 25, 2025
Dr. Robert Quartermain, Co-Chairman, Director and CEO of Dakota Gold (NYSE American: DC), joins me for an exploration and development update from their Richmond Hill Oxide Heap Leach Gold Project. He also outlines the long-term optionality of their Maitland Gold Project. Both projects are located in the historic Homestake District of South Dakota, near existing mining infrastructure.
Richmond Hill is one of the largest undeveloped oxide gold resources in the United States being advanced by a junior mining company, with over 6 million ounces of gold and over 60 million ounces of silver moving along the pathway of development into heap leach production as soon as 2029. M&I plan identifies 168.3 million tonnes at a grade of 0.566 grams per tonne gold (“g/t Au”) for a total of 2.6 million ounces produced over a 17-year life of mine. MI&I plan identifies 273.7 million tonnes at a grade of 0.530 g/t Au for a total of 3.9 million ounces produced over a 28-year life of mine. Principle Projects are on Private Land which equates to a positive attribute for efficient permitting with State and County organizations.
On November 19th, assay results from 26 drill more holes were reported as part of the ongoing 2025 drilling campaign at the Richmond Hill Project, including the first assays from expansion drilling in the northeast corner of the Project.
Highlights from this update include:
Expansion and infill drill holes in the northeastern corner of the Project area are intersecting significantly higher-grade gold than the average resource grade including RH25C-278 intersecting 1.75 grams per tonne gold (g/t Au) over 19.9 meters (35 gram meters) and RH25C-295 intersecting 2.15 g/t Au over 30.0 meters (65 gram meters). The expansion drilling surrounding the area has the potential to add to the resource based on prior drilling and current resources in the area, and is only limited by drilling and remains open.
Metallurgical drill holes across the northern Project area continue to intercept high-grade gold, de-risking the Project and providing greater confidence in the resource including RH25C-270 intersecting 2.26 g/t Au over 29.2 meters (66 gram meters) and RH25C-288 intersecting 4.15 g/t Au over 14.5 meters (60 gram meters). The metallurgical drilling results demonstrate the low-risk nature of the deposit with widespread mineralization.
Drilling continues to confirm high-grade gold mineralization in the northern portion of Richmond Hill, supporting the Company's plan to prioritize initial mining in this area. Dakota Gold currently has two drills operating on site and expects to complete approximately 27,500 meters (~90,000 feet) of drilling during the 2025 campaign.
Robert highlights how these robust gold and silver resources, site infrastructure, and low cost project economics, point to a low-cost, long-life mining operation that can deliver high margins and generate meaningful revenues. He points out how the higher grade mineralization in the northeast corner may accelerate the economics and shorten the payback period outlined in the SK 1300 Initial Assessment with Cash Flow earlier this year.
Strong Economics: At a base case gold price of $2,350 per ounce, the project has an after tax NPV5% of $1.6 billion and IRR of 55% for the M&I plan, and $2.1 billion and 59% respectively for the MI&I plan. At recent metal prices of $3,350 the NPV5%’s increase to $2.9 billion and IRR of 99% and $3.7 billion and 107%, respectively.
Low-Cost: Initial Capital of $384 million, including $53 million contingency, with life of mine All-in Sustaining Costs (“AISC”) averaging $1,047 for M&I plan and $1,050 for MI&I plan.
With the metallurgical drilling for the 2025 campaign now complete, the company is advancing heap leach column testing and looks forward to sharing those results as they are completed. The company is rapidly advancing its Richmond Hill project toward eventual surface heap leach gold operation as soon as 2029. Building on the robust IACF, ongoing exploration, metallurgical tests, and derisking workstreams will be incorporated into the Feasibility Study planned for completion in early 2027, with construction starting in 2028 and first production targeted for 2029.
At the Maitland Gold Project the Company is currently assessing the exploration data collected to date from the JB Gold Zone and the Unionville Zone with the intent of outlining an initial inferred gold resource. The work is expected to be completed in the fall of 2025. To date the JB Gold Zone has encountered a number of high-grade intersections which average 10.76 g/t Au over 4.0 meters.
If you have any questions for Bob Quartermain regarding Dakota Gold, then please email those in to me at Shad@kereport.com.
In full disclosure, Shad is a shareholder of Dakota Gold 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 Dakota Gold
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.
Tuesday Nov 25, 2025
Tuesday Nov 25, 2025
Jason Jessup, CEO and Director of Magna Mining (TSX.V: NICU) (OTCQX: MGMNF), joins us to unpack the key takeaways from the recently announced Resource Estimate for the Levack Mine and the development pathway into production as their second polymetallic mine located in the North Range of the Sudbury Basin, Canada.
Levack Mineral Resource Estimate Highlights (as of August 31, 2025, the cut-off for diamond drill data incorporated in the MRE):
Current mineralization in the Levack Mine includes 6.1 million tonnes in the Indicated category at 3.5% copper equivalent ("CuEq"), comprised of 1.1% Cu, 1.4% Ni, 0.6 grams per tonne (g/t) Pt, 0.7 g/t Pd, 0.1 g/t Au, and 2.0 g/t Ag, as well as 5.2 million tonnes in the Inferred category at 3.6% CuEq (1.2% Cu, 1.4% Ni, 0.6 g/t Pt, 0.8 g/t Pd, 0.2 g/t Au, 2.1 g/t Ag).
The high grade footwall-type deposits contain 368,000 tonnes in the Inferred category at 9.4% CuEq (5.4% Cu, 0.75% Ni, 2.9 g/t Pt, 5.4 g/t Pd, 1.5 g/t Au, and 21.0 g/t Ag), as well as 178,000 tonnes in the Indicated category at the previously-mined Morrison Footwall Cu-PGE deposit grading 15.5% CuEq (9.1% Cu, 2.4% Ni, 3.6 g/t Pt, 6.6 g/t Pd, 1.6 g/t Au, 34.2 g/t Ag), which remains open at depth.
The No. 3 Footwall deposit is particularly rich in precious metals, containing 76,000 tonnes in the Inferred category grading 7.9 g/t Pt, 15.7 g/t Pd, 3.1 g/t Au and 30.3 g/t Ag, as well as 4.5% Cu and 0.7% Ni (13.4% CuEq) with important potential implications for ongoing exploration in the footwall environment.
The zones of contact-type mineralization generally occur at depths of less than 750 metres (approximately 2,460 feet) and contain 5.9 million tonnes in the Indicated category grading 0.9% Cu, 1.4% Ni, and 2.1 g/t precious metals (Pt+Pd+Au+Ag), or 3.2% CuEq, as well as 4.8 million tonnes in the Inferred category at 3.2% CuEq (0.9% Cu, 1.5% Ni, 1.5 g/t precious metals (Pt+Pd+Au+Ag)).
We also review the continued series of high-grade copper, nickel, platinum, palladium, gold, and silver drill results released in recent assays from many areas of the Levack Mine after the cutoff for this resource update that are continuing to expand the mineralization. Jason got into some of these areas like the No.1 to No. 2 Main area, the Morrison Footwall Cu-PGE deposit, the Keel Zone, and the footwall environment between the No.2 and No. 3 Ni-Cu Zone. There are currently two surface diamond drills operating at the Levack Mine, one completing three shallow infill and metallurgical drill holes on the Main Ni-Cu Zone in support of the Levack Restart Study, and a second drill exploring the footwall environment between the No. 3 Ni-Cu Zone and the Morrison Footwall Cu-PGE Deposit,
Jason shares more context on why the exploration and engineering teams are getting quite excited about this R2 Target at the Levack Mine, and after more drilling, it may change the anticipated sequence of the mine restart plan that the team is still working on. The team is also reviewing the potential for bringing hoisting back to Levack in a development scenario. He mentioned that this new resource estimate paired with ongoing drilling at newer discoveries like R2 at Levack would be instructive for how they approach the mine restart plan moving into next year.
Wrapping up we widened the scope beyond just the currently producing McCreedy West mine, and upcoming development of the Levack Mine into a production decision next year, to other assets like their Crean Hill, Podolsky, and Shakespeare development projects, that showcase the company ambitions to become a multi-mine producer in the Sudbury Basin.
If you have questions for Jason regarding Magna Mining, then please email me at Shad@kereport.com.
In full disclosure, Shad is a shareholder of Magna Mining at the time of this recording, and may choose to buy or sell shares at any time.
Click here to follow along with the news at Magna Mining
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.