The KE Report

Zach Flood, President and CEO of Kenorland Minerals (TSX.V:KLD - OTCQX:KLDCF - FSE:3WQ0) joins me to provide updates from the Frotet and Chebistuan Projects, as well as answer your questions on a couple other projects in the Company’s portfolio. 

We start with the recent high-grade gold drill results from the Frotet project in Quebec, where Kenorland holds a 4% royalty. This project is being advanced by Sumitomo Metal Mining. Drill hole highlights include Hole 24RDD223 which intersected 26.67 g/t over 3.30m. I also ask Zach about the significance of the 3D model for the project and possibility of an initial resource estimate later next year. 

We then discuss the upcoming phase 2 drill program at the Chebistuan project, being earned-into by Newmont Corporation. Zach recaps last year’s discovery and future drilling plans. 

Zach shares updates on their South Uchi project and discusses potential partnerships, as well as news flow from other projects in the company's diverse portfolio, including the Hunter Project with Centerra Gold.

If you have any follow up questions for Zach or want more information on any project or partnership that Company has with majors please email me at [email protected].

Maura Kolb, President of Dryden Gold Corp (TSX.V: DRY) (OTC: DRYGF), joins me for an exploration update at the Gold Rock Camp, Sherridon, and Hyndman areas across their Dryden Gold District, in Northwestern Ontario, Canada.   

We start off discussing more recent drill results from their Phase 5 drill program at the Elora area of the Gold Rock Camp Project,  with Hole KW-24-024 intercepting the mineralized zone at approximately 190 meters from surface and returning 8.93 g/t gold over 12.45 meters, including 32.96 g/t gold over 2.73 meters.  Maura points out the significance is that we are seeing wide intercepts of gold,  and that these holes from Phase 5 are pushing the depth component even lower and showing continuity of mineralization.

This Phase 5 exploration program consisted of nine drill holes totaling 1,598 meters focused on the depth expansion at Elora and Big Master 1 gold systems and infill drilling at Big Master 2.  We also recap some of the prior work done at both Big Master 1 and 2, as a parallel structure to Elora.  The Company is now kicking off their Phase 6 exploration program at Elora, with plans to put in 5 more deeper holes to keep stepping out along strike and at depth expanding the mineralized shoot.

Next we panned back to the larger overall land package to discuss 2 other key regional targets where the exploration team has been working on ground-truthing and a surface exploration focus, that will be generating future drill targets at both the Sherridon and Hyndman areas of the Project.    Maura outlines how this systematic exploration approach is starting to demonstrate the kind of size and scale to the Project to be of more interest to potential strategic partners.

Click here to follow the latest news from Dryden Gold

Dave Erfle, Editor of the Junior Miner Junky joins me to discuss the recent correction in the precious metals and precious metals stocks. Dave provides insights into the current market trends, key support levels for gold and silver, and the impacts of political and economic factors including the U.S. election, China policy and Fed rate cuts. Additionally, the discussion covers the performance of major ETFs like GDX, GDXJ, and SIL, and what investors should watch in the coming weeks.

Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter. 

Scott Berdahl, CEO of Snowline Gold (TSX.V:SGD - OTCQB:SNWGF) joins me  to discuss the recent drill results from the Valley deposit on the Rogue Project, and a new gold and silver anomaly on the Cynthia Project. Both projects are in the Yukon in the Tombstone Gold Belt. 

We focus on the Valley deposit drill results, highlighting holes 91 and hole 88 in terms of their gold grades and their role in expanding the deposit. Scott also sheds light on the infill and expansion drilling strategies and their impact on further growing and de-risking the current resource.

We then discuss the new gold and silver target, the intersection target, on the Cynthia project. I ask Scott how the Company plans to explore all the new targets the Company has generated while also focusing on Valley deposit. 

If you have any follow up questions for Scott please email me at [email protected].

Click here to visit the Snowline Gold website to read over the recent news and learn more about the Company.

John Darch, Chairman and Director, and Ken MacLeod, President and CEO of Sonoro Gold Corp (TSXV: SGO) (OTCQB: SMOFF), both join me to introduce the Cerro Caliche Gold Project, and the exploration and development initiatives to move it into open-pit production within 12 months of receiving their final permit in Mexico.

This 1,400-hectare property confirms a broadly mineralized low-sulphidation epithermal vein structure and over 25 northwest-trending gold mineralized zones along trend and near surface. With only 30% of the property’s identified mineralized zones drilled and assayed, the Company filed an updated Mineral Resource Estimate (MRE) in March 2023 based on a total 55,360 meters of drilled data, including 498 drill holes, 17 trenches and assays for 53,865 meters of the drilled data.

In October 2023, the Company filed a new Preliminary Economic Assessment (PEA) demonstrating the potential viability for a 9-year open pit, heap leach mining operation. Using a gold price of US $1,800 per ounce, the project has an after-tax net present value discounted at 5% (“NPV5”) of US $47.7M and an Internal Rate of Return (“IRR”) of 45%. Using a gold price of US $2,000 per ounce, the project has an after-tax NPV5 of US $77M and an IRR of 63%.

John and Ken review the potential for resource expansion, the bench strength and experience of the management team and board, the financial health of the company, the strong inside ownership and backing with even a private unsecured loan, and the plan to grow exploration and resource expansion through the organic revenues generated once the mine is put into production.

If you have questions for John and Ken regarding Sonoro Gold, then please email those into to me at [email protected].

Click here to follow the latest news on Sonoro Gold

Peter Scott, Senior Vice President and CFO of Obsidian Energy (NYSE:OBE - TSX:OBE) joins us to recap the Company's Q3 financial results and growth initiatives. 

The Company’s strong Q3 performance saw a 34% increase in funds flow from operations year-over-year driven largely by the Peace River area. We discuss key production figures, including an average of 39,700 BOEs/day, with September averaging over 40,000 BOE/d. Peter shares insights into the company’s growth focus in the Peace River area and the different formations leading the growth, upcoming drilling plans, and balancing debt reduction with capital returns to shareholders through share buybacks and dividends. Additionally, we discuss market sensitivities and potential impacts of fluctuating oil prices on future operations.

If you have any follow up questions or want any additional information on Obsidian Energy please email me at [email protected].

Click here to visit the Obsidian Energy website.

Sean Brodrick, Editor of Wealth Megatrends and contributing analyst to Weiss Ratings Daily, joins us to unpack the post-election "Trump Trade," which has been strong buying in cryptos, crypto stocks, tech stocks, and large US equities, but conversely strong selling in gold, silver, commodities, and resource stocks.   We also discuss renewable energy and nuclear energy trends, as it relates to policies under question now from the 2022 Inflation Reduction Act. 

We start off reviewing the correction and consolidation seen over the last 2 weeks in gold, silver, and the PM stocks, and why Sean could see a corrective move in the yellow metal back down to $2475. He explains why he sold many gold and silver equities last week to pull profits, and rotated more funds into Bitcoin via the iShares Bitcoin Trust (IBIT) and crypto related stocks like MicroStrategy Inc (Nasdaq: MSTR) and Marathon Digital Holdings (NASDAQ: MARA) to keep riding that trend higher. This leads to a discussion on the dynamics around gold versus bitcoin, and the different drivers for each.   Sean points to 3 key factors in policy changes and company adoption of cryptos that has been bullish for that sector, but also makes the case that despite the corrective move in gold, silver, and the PM equities, that he still believes there is far more upside left in the ongoing precious metals bull market medium to longer-term. 

The conversation then pivots into the opportunities Sean is seeing in US equities, particularly in online finance and fintech with ETFs like Amplify Transformational Data Sharing ETF (BLOK), and companies like Block, Inc. (NYSE: SQ).  Additionally, Sean remains constructive on large companies and mega-cap tech stocks that can weather the higher for longer interest rates, like Nvidia, Amazon, and Alphabet/Google. 

Next we discuss how the Trump administration has been vocal about revoking portions of the Inflation Reduction Act targeting funds for renewable energy, critical minerals, and even nuclear power.  Sean believes sectors like wind and solar energy may indeed languish, for a number of reasons, but is far more bullish on the uranium equities and nuclear power stocks. We wrap up with a nuanced discussion on the importance of having a diversified investing approach and how Sean approaches his own diversified portfolio. 

Click here to follow along with Sean’s work at Weiss Ratings Daily and Wealth Megatrends

Click here to learn more about Resource Trader

Matt Badiali, Editor of The New Energy Investor published under Mangrove Investor, joins us to discuss the potential changes the Trump presidency could bring to the critical minerals market and the broader energy sector. 

We delve into Trump's stated plans to roll back funding for the Inflation Reduction Act and its downstream impacts on critical minerals like battery metals and copper. Additionally, we explore the implications for sectors such as nuclear power and hydrogen energy. As the government changes hands, Matt shares insights into how companies might adapt and what strategic shifts might occur, both in the U.S. and globally.

Click here to visit the Mangrove Investor website to follow along with what Matt is writing.

Tara Christie, President and CEO of Banyan Gold (TSX.V:BYN - OTCQB:BYAGF) joins me to discuss the Company's latest drill results from the Powerline deposit at the AurMac Gold Project in the Yukon. 

Tara discusses high-grade results of up to 539 g/t gold, the strategic importance of infill drilling, and the potential impact on the updated resource and PEA coming next year. The project already hosts a 7 million oz gold resource, all in the inferred category. 

Tara outlines Banyan Gold's drilling strategy for 2024, which included 21,000 meters in 118 holes, and highlights the Company's financial position and future plans, including a 2025 resource update and PEA. Tara also touches on the broader exploration potential across the property, which will be tested next year, and the company's revenue from camp rentals and services.

If you have any follow up questions for Tara please email me at [email protected]. 

Click here to visit the Banyan Gold website.

Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to discuss three junior resource companies with recent news out to the market; where he is attracted to the current value proposition.

We discussed how the capital markets window has been open for copper-nickel-PGM explorer, developer and near-term producer Magna Mining (TSX.V: NICU) (OTCQB: MGMNF), and gold explorer First Nordic Metals (TSX.V: FNM) (OTCQB: FNMCF).  On November 4th, Magna Mining was able to just raise $21.85 Million in a private placement, and First Nordic announced Oct 30th a bought deal private placement of C$10 Million.   We outline how those funds will likely be utilized to advance their respective projects and the catalysts each company has in front of them. 

We wrap up discussing the news out on November 8th, with regards to the Integra Resources  (TSXV: ITR) (NYSE American: ITRG) business merger with Florida Canyon Gold Inc. (TSXV: FCGV), and the trend of junior developers buying producing assets to move their pipeline of projects forward without the need to repeatedly go back to market for capital raises. 

* In full disclosure, the companies mentioned by Erik in this interview, are positions held in his personal portfolio, and also may be site sponsors of The Hedgeless Horseman website at the time of this recording.

Click here to visit Erik’s site – The Hedgeless Horseman