Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to review the value proposition that has his attention in 3 junior gold and copper exploration stocks, that have put out compelling news in the recent past and that have key alpha growth catalysts on tap in the medium-term.

The companies we discussed in the interview are:

• BCM Resources Corporation (TSXV: B) – On August 6^th the Company announced that diamond drill hole TK20, currently in progress, has encountered over 550 m of strongly mineralized porphyry and intercalated skarn mineralization at its 100% controlled Thompson Knolls project, Utah. Hole TK20 is a vertical drill hole collared 208 m northeast of discovery hole TK8 that intercepted 510 ft (155.4 m) of mineralized skarn grading 0.66% Cu, 0.12 gpt Au, and 7.4 gpt Ag (please refer to a Company news release dated May 24, 2023 for more information). Drilling of TK20, currently at a depth of 4,062 ft (1,238.4 m), is ongoing in mineralized rock. 

• PJX Resources Inc. (TSX.V: PJX) (OTC: PJXRF) – On July 23, 2026 the Company announced the close of the second tranche of their non-brokered private placement for gross proceeds of $6.3 million. This financing will allow PJX to focus on two priority discovery opportunities for critical metals and gold in an established Canadian mining district. An initial 4,000 m drill program has commenced to test for a potential Sullivan-style Sedimentary Exhalative (Sedex) critical-metals discovery on the Dewdney Trail Property. At the Zinger Property, prospecting, mapping and surface sampling for gold are underway at the Gar target in advance of receiving permits to drill a potential Reduced Intrusion Related Gold System (RIRGS) for the first time.

• Goliath Resources Limited (TSX-V: GOT) (OTCQX: GOTRF) (FSE: B4IF) – On Aug. 10, the Company reported assay results that confirm the expansion of the Golden Gate Zone to the Northeast by 320 meters of the previously known gold mineralization on its 100% owned Golddigger Property Golden Triangle, British Columbia. The Golden Gate Zone remains open laterally and at depth.

Dr. Quinton Hennigh, Advisor to Goliath and Strategic Investor commented: “When I spoke with the Company prior to this drill season, they made it abundantly clear that a considerable number of the planned drill holes would test extensions of various lode systems at the Surebet Discovery. Given that there remains exceptional opportunity to grow the systems high-grade gold footprint, I was delighted to hear this. We are now seeing the impact of this strategic decision. Drill hole GD-26-420 encountered a 6.51 g/t AuEq over 5.73 meters across the Golden Gate lode in a position 320 meters northeast of its previous limit. I believe we will continue to see many further drill extensions over the course of the rest of the 2026 and the Surebet Discovery is only going to keep on growing with every drill program.”

Mr. Roger Rosmus, Founder & CEO of Goliath states: “Our team is performing like a well-oiled machine. The goal of this 2026 drilling campaign is expansion and the directional drilling being utilized is paying off with the step outs being successful. The 320-meter step out of Golden Gate to the northeast is one example and nice surprise along the way. It is worth noting the amount of visible gold to the naked eye in the drill holes since we started drilling the Surebet discovery is unique, as well high-grade gold systems are not known to have such large footprints. After over 400+ drill holes have been completed to date the system remains open laterally and at depth. Grass roots high-grade gold systems tend to get challenging to grow them. But Surebet discovery is the opposite, we are challenging the geology and having no problems growing the system with aggressive step outs. The cadence of drill holes getting to the lab for assays is ideal, and we hope to have plenty more assay results throughout the rest of the year and into 2027.”

Click here to follow Erik’s analysis over at The Hedgeless Horseman website

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

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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.

Maura Kolb, President of Dryden Gold Corp (TSX.V: DRY) (OTCQX: DRYGF), joins us for a comprehensive exploration update at numerous areas of focus across their Dryden Gold District, in Northwestern Ontario, Canada.  We touch upon some of the recent news releases returning more high-grade and disseminated gold drill results at the Elora-Jubilee and Big Master areas along new parallel trends, the upcoming drilling at Mud Lake, a new land acquisition expanding the Gold Rock Camp trend, and various teams working on more ground truthing and surface exploration on the Hyndman and Sherridon regional targets.

We start off discussing how this year’s expanded 45,000-meter drill program that is continuing to build up the high-grade results from last year’s drill program, confirming the thesis around the 3 geological deformation faults and folds at the Elora-Jubilee and Big Master trends at the Gold Rock Camp.  There are now up to 15 parallel structures that have been delineated along this trend, and more recent results showing the geological model getting more refined.

On July 29^th the Company announced recent drill results that confirm the discovery of two new gold-bearing structures at Gold Rock. A new high-grade mineralized structure between Elora and the Big Master gold systems, which was intercepted at 250-500 meters true depth being dubbed “Elora 2”. Like the multiple mineralized hanging wall structures, this new structure has no surface expression. The mineralization is comparable to the brecciated quartz veining found at Big Master. The consistency of the structural setting and mineralization, along strike and at depth, supports the interpretation that this represents a significant mineralized corridor and not merely another hanging wall structure. A second structure was discovered in a single drill hole at the historic Paymaster target. Deeper down-plunge testing is about to commence with a second drill rig will be deployed to continue to fully define the structural controls and high-grade gold footprint at Gold Rock.

We expanded the conversation to review the potential for similar look-alike types of deposits to exist along the multi-kilometer Gold Rock mineralized trend, in a “string-of-pearls” thesis.  On July 16^th, the Company announced having received the permits to drill the Mud Lake area to test extension targets identified through its 2025 drill program and geological mapping. Surface samples collected on a high-grade shear zone similar to Elora, where a significant fold in the mineralized structure occurs, assayed 93.00 g/t gold. There is also another new area of interest that could be a look-alike zone to the Southwest of the Elora-Jubilee system along this large trend in the Gold Rock Camp.

On July 6^th the Company announced that is has entered into an option agreement to acquire 100% ownership of 123 tenured mineral claims known as the Lost Lake Property from Orebot Inc, an arm’s length party. Lost Lake is strategically located in the historic Gold Rock Mining Camp and is surrounded by the Company’s existing claims.

We touch upon the initial groundwork and drilling at the Hyndman regional area, with a lot of follow up work underway based on the exploration results released back on April 21st.   Maura reiterated the importance of the large soil sampling and channel sampling programs across their district-scale land package, and how it will inform follow up targeting, when used in concert with geophysical surveys.

Click here to follow the latest news from Dryden Gold

Click the video below highlighting the evolving geological understanding at Gold Rock:

If you have any questions for Maura, Trey, or the team at Dryden Gold, then please email them into us at Fleck@kereport.com or  Shad@kereport.com.

• In full disclosure, Shad is a shareholder of Dryden Gold at the time of this recording, and may choose to buy or sell shares at any time.

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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 Daily Editorial, we explore the critical minerals sector with Howard Klein (Founder & Partner) and Matt Fernley (Partner) at RK Equity, hosts of the Rock Stock YouTube channel. Following a choppy period for commodities, the critical minerals sector is showing signs of a rebound. This discussion covers recent White House policy announcements, billion-dollar funding initiatives, and the long-term investment landscape across key battery and defense metals.

Key Discussion Points:

• Critical Mineral Rebound & Market Inflection: Examines how recent liquidations cleared leverage across lithium, rare earths, and base metals, setting up a potential rebound driven by tightening supply and demand dynamics.
• US Government Capital Injections: Reviews recent federal funding announcements, including over $2 billion in new commitments toward domestic supply chains, defense applications, and workforce education.
• The “Missing Middle” in Processing & Infrastructure: Explores the key processing and cathode manufacturing bottlenecks that remain a central challenge for Western supply chains.
• Investment Strategies in a Supercycle: Outlines how investors can evaluate project quality, balance risks across domestic versus foreign jurisdictions, and identify long-term structural opportunities.

Stock Symbols Mentioned:

• MP Materials (MP)
• Albemarle (ALB)
• Ivanhoe Mines (IVN)
• The Metals Company (TMC)
• Lithium Argentina (LAAC)

Click the following links to keep up to speed with Howard and Matt: 

• RK Equity website – https://rkequity.com/ 

• Rock Stock YouTube channel – https://www.youtube.com/watch?v=UchoS9EZvak 

• Howard Klein on X @LithiumIonBull – https://x.com/LithiumIonBull

• Matt Fernley on X  @matt_fernley – https://x.com/matt_fernley 

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 Company Update, we are joined by Simon Dyakowski, President and CEO of Aztec Minerals (TSX-V: AZT, OTCQB: AZZTF), to review recent high-grade drill results from the new North Extension Zone at the Tombstone Project in Arizona.

• North Extension Zone Drilling Success: Simon details the initial drill results from the newly acquired North Extension Zone, highlighting significant high-grade gold-equivalent intercepts and what this means for project expansion.
• Pending Lab Assays & Exploration Pace: Learn about the 11 completed drill holes currently pending laboratory results, covering an extensive potential strike extension.
• Gold-Silver Mineralization Mix: An overview of the property-wide commodity distribution, balancing high-leverage gold targets with strong silver potential across various zones.
• Upcoming Catalysts & Maiden Resource Estimate: Insight into the timeline for the upcoming Maiden Resource Estimate (MRE) expected in early Q4, along with updates on ongoing metallurgical testing and extended drilling plans.

Please email me any questions you have for Simon. My email address is Fleck@kereport.com. 

Click here to visit the Aztec Minerals website – https://aztecminerals.com/

Figure 1. Plan map showing drill hole collars with Au Eq. (g/t) values from the 2025-2026 drill campaign at the Tombstone Property, southeastern Arizona. Holes reported in this release are shown in red; completed holes with assay results pending, including the eleven North Extension step-outs, are shown in green. Previously reported holes are shown in orange and 2020-2024 drill holes in white.

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 Company Update, Wendall Zerb, Chairman and CEO of Red Canyon Resources (CSE: REDC / OTCQB: REDRF), joins us to discuss the latest exploration developments across the company’s mineral portfolio.

• Osiris Drilling & Expansion: An update on the 2,100-meter drilling program completed at the Camp target and plans to expand the land package around the Osiris Project.
• High-Priority Targets: A look into upcoming drill plans for the Nautilus Prime and EV targets, including key geophysical signatures and geological potential.
• Portfolio Pipeline: Insights into ongoing exploration work across secondary assets, including the Kendal project in British Columbia and Scraper Springs in Nevada.
• Capital Position & Partnership Strategy: An overview of the company’s current treasury, institutional backing, and perspective on potential strategic joint-venture partnerships.

If you have any follow up questions for Wendell please me at Fleck@kereport.com. 

Click here to visit the Red Canyon website – https://www.redcanyonresources.com 

For more market commentary & interview summaries, subscribe to our Substacks:

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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.

Arturo Préstamo Elizondo, Executive Chairman and CEO of Santacruz Silver Mining Ltd. (TSX.V: SCZ) (NASDAQ: SCZM) (FSE: 1SZ), joins us for a review of the Q2 2026 production and operational results across their portfolio of 4 producing silver-zinc mines and ore feed sourcing business in Bolivia and Mexico. We also review a few of the key growth initiatives that the company has slated for 2026 across multiple projects.

Q2 2026 Production Highlights

Primary Production Metrics:

• Silver: 1,573,100 ounces
• Zinc: 23,240 tonnes
• Lead: 3,165 tonnes
• Copper: 337 tonnes

Supplemental Production Metrics:

• Silver Equivalent Production: 2,814,489 silver equivalent ounces
• Zinc Equivalent Production: 59,680 zinc equivalent tonnes

Consolidated silver production increased 17% to 1,573,100 ounces in Q2 2026 from 1,341,499 ounces in Q1 2026, with quarter-over-quarter increases at all five operations. Lead production increased 18% to 3,165 tonnes and copper production increased 9% to 337 tonnes. Compared with Q2 2025, consolidated silver production increased 11%, and zinc production increased 10%, on 9% higher consolidated tonnes milled.

The improvement was driven primarily by higher processed volumes, with consolidated tonnes milled increasing 7% to 521,956 tonnes, together with higher silver head grades at Bolivar and Porco and a marked improvement in silver recovery at Zimapan.

At Bolivar silver production increased 32% quarter-over-quarter to 343,522 ounces, driven by ongoing recovery efforts in the areas affected by the localized flooding event that occurred in May 2025. San Lucas processed 22% more ore than in the prior quarter. Consolidated zinc production increased 7% to 23,240 tonnes, driven principally by higher throughput, which more than offset lower zinc grades at Bolivar and Porco. Porco delivered higher silver and zinc production, driven by stronger silver grades and improved metal recoveries, while Caballo Blanco continued to make steady, meaningful contributions.

At Zimapan, operations rebounded from the temporary constraints experienced during the first quarter, including limited ventilation in the higher-grade zones at Level 960 due to a contractor delay in completing the ventilation Robbins incline shaft, as well as repeated power interruptions caused by the local service provider’s maintenance of the power grid. As a result, metal recoveries improved across all four payable metals.

Next we transitioned to future growth, where the operations team is advancing their silver-dominant Soracaya mine towards development and near-term production. There is already a decline ramp into this project with initial stope access in 2 areas, and the plan once the permit is received in Q3 is to get this mine into initial ramp-up production by Q4 of 2026.

Wrapping up, we discussed the potential for future accretive acquisitions in the Americas.  The board and management team are open to a currently producing mine or development-stage underground mining assets, but only if the acquisition would be accretive for shareholders and if their team can unlock value in these acquired assets.

If you have any follow up questions for Arturo regarding Santacruz Silver, then please email those to us at Fleck@kereport.com or Shad@kereport.com.

• In full disclosure, Shad is a shareholder of Santacruz Silver 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 Santacruz Silver

For more market commentary & interview summaries, subscribe to our Substacks:

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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.

Featured Interviews

Silver Tiger Metals: El Tigre Construction and Target First Pour Date

• Construction Underway: Visual construction updates showcase steady development progress on-site at the El Tigre project in Sonora, Mexico.

• Production Timeline: Executive management targets the first gold and silver pour for December 2027.

• De-Risking Path: Key focus remains on advancing infrastructure, mine engineering, and operational readiness over the next 24 months.

Listen to the Silver Tiger Metals interview here:https://www.kereport.com/2026/08/03/silver-tiger-metals-visual-construction-update-at-el-tigre-first-gold-silver-pour-is-targeted-for-december-2027/

Banyan Gold: Unlocking Fresh Scale with Two New Discoveries

• New Discoveries: Drilling at the Nitra project in the Yukon has successfully opened two new high-priority gold discovery zones.

• District Expansion: Results highlight strong potential to expand the overall footprint beyond the primary AurMac deposit area.

• Next Steps: Management details the geological significance of these intercepts and how they fit into the broader regional exploration strategy.

Listen to the Banyan Gold interview here:https://www.kereport.com/2026/08/04/banyan-gold-two-new-gold-discoveries-at-the-nitra-project/

Axo Metals: Green Light for San Antonio Gold Project Development

• Major Regulatory Milestone: Secured the primary environmental permit for the San Antonio Gold Project in Mexico.

• Pathway to Production: Permit approval paves a clear sequence toward final site preparation, technical work, and production.

• Catalysts Ahead: Executive leadership outlines the key timeline items and near-term development goals for investors.

Listen to the Axo Metals interview here:https://www.kereport.com/2026/08/04/axo-metals-the-pathway-towards-production-at-the-san-antonio-gold-project-after-securing-the-major-environmental-permit/

Excellon Resources: Mallay Mine Moves into Active Production

• Operational Milestone: First concentrate production achieved at the Mallay silver-lead-zinc mine in central Peru.

• Ramp-Up Operations: Focus is now on processing stability, throughput optimization, and mill performance.

• Market Position: Management shares insights on operating fundamentals and cash-flow potential in the current metal price environment.

Listen to the Excellon Resources interview here:https://www.kereport.com/2026/08/05/excellon-resources-first-concentrate-production-at-the-mallay-silver-lead-zinc-mine-operating-in-central-peru/

FPX Nickel: Testing the Advocate Target & Market Fundamentals

• Inaugural Drill Program: Maiden drill campaign initiated at the Advocate target to test high-grade awaruite mineralization.

• De-Risking Baptiste: Drill strategy at Advocate directly complements and strengthens the larger Baptiste Nickel Project asset base.

• Macro Insights: Management addresses current global nickel market dynamics and clean-energy supply chain requirements.

Listen to the FPX Nickel interview here:https://www.kereport.com/2026/08/06/fpx-nickel-inaugural-drilling-at-advocate-de-risking-baptiste-nickel-market-fundamentals/

Great Pacific Gold: Strategic Leadership Shifts & Wild Dog Drilling

• Management Evolution: Recent leadership additions bring expanded corporate development and technical execution experience.

• Wild Dog Exploration: Drill program update highlighting current target depth, prospective geology, and program progression.

• Portfolio Strategy: Overview of how the corporate adjustments position the company to advance its asset pipeline effectively.

Listen to the Great Pacific Gold interview here:https://www.kereport.com/2026/08/06/great-pacific-gold-management-evolution-wild-dog-drill-program-update/

Kingsmen Resources: High-Grade Silver Assays & Upcoming Regional Targets

• Standout Grade: Deepest hole to date at the Soledad target (LC-26-013) intersected 5.20m @ 257 g/t AgEq, including 1.40m @ 641 g/t AgEq.

• Expanded Depth: Confirms silver-gold mineralization extends down-dip over a 135m vertical depth and remains open in all directions.

• Assays Pending: Exploration team is awaiting pending results from regional targets, including Saddle, Silvia, Leona, and Agilera.

Listen to the Kingsmen Resources interview here:https://www.kereport.com/2026/08/07/kingsmen-resources-exploration-update-at-las-coloradas-recapping-first-assays-from-this-season-and-awaiting-assays-from-several-regional-targets/

Goliath Resources – First Drill Assays Of The 2026 Program Return High-Grade Gold Mineralization

• First Results Of Season: first drill assays returned from their fully funded 2026 drill program, comprised of ~50,000 meters of systematic drilling and utilizing 7 drill rigs, at the Surebet Discovery

• Big Step Outs Expand Mineralization: assays from drill hole GD-26-417 expanding the Bonanza and Golden Gate zones by 540 meters to the southwest.

• Multiple High-Grade Hits: drill hole GD-26-418 expanding the Bonanza Zone 100 meters to the north and had two separate gold mineralization intercepts: 8.09 g/t AuEq over 16.00 m, including 18.39 g/t AuEq over 6.75 meters, and 4.42 g/t AuEq over 5.00 meters.

Listen to the Goliath Resources interview here: https://www.kereport.com/2026/08/07/goliath-resources-first-drill-assays-of-the-2026-program-return-high-grade-gold-mineralization-expanding-the-bonanza-zone-and-golden-gate-zone/

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Have Questions for Our Guest Executives?

We want to hear from you! If you have follow-up questions for the management teams of any companies interviewed this week, or if there are specific mining and exploration companies you’d like us to feature on future shows, drop us an email anytime.

Reach out to us directly at:

• Cory : Fleck@kereport.com

• Shad: Shad@kereport.com

As financial markets navigate shifting macroeconomic signals, this episode brings together Brien Lundin and Marc Chandler to analyze the forces driving current precious metals price action and major bond market interventions. Together, they break down the recent rebound across precious and base metals, assess changing Federal Reserve rate expectations, and clarify the broader implications of global currency dynamics and central bank interventions. 

• Segment 1 & 2 – Brien Lundin, editor of the Gold Newsletter and host of the New Orleans Investment Conference, kicks off the show to discuss the strong rebound and underlying drivers in precious metals. He highlights how market perceptions of Federal Reserve rate policy are shifting in favor of metals, discusses the strong upside potential and valuation disconnects in both major and junior mining equities, and notes that copper is well-positioned for continued strength driven by demand from data centers and the AI sector. 
• Click here to learn more about the New Orleans Investment Conference on October 28-31. – https://neworleansconference.com/korelin/

• Segment 3 & 4 – Marc Chandler, Chief Market Strategist at Bannockburn Capital Markets and editor of the Marc to Market website, joins us to discuss key developments in global currency, interest rate, and commodity markets. Marc shares insights on central bank interventions involving the Japanese Yen and US Dollar, the impact of recent US labor data on Federal Reserve policy expectations, the driving forces behind gold’s price movements, and upcoming economic catalysts like the US CPI report. 
• Click here to visit Marc’s site – Marc To Market – https://www.marctomarket.com/

If you enjoy the show, be sure to subscribe to our podcast feed (KER Podcast), YouTube channel, and follow us on X for more market commentary and company interviews. Don’t forget to subscribe and leave us a review!

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.

Roger Rosmus, Founder, CEO, & Director of Goliath Resources Ltd (TSX-V: GOT) (OTCQX: GOTRF) (FSE: B4IF), joins us for an exploration update reviewing the first drill assays returned from their fully funded 2026 drill program, comprised of ~50,000 meters of systematic drilling and utilizing 7 drill rigs, at the Surebet Discovery on the Golddigger Property; located in the Golden Triangle, British Columbia.

35 out of 98 planned drill holes have been completed with a total of 19,931 meters drilled in 2026. All drill holes from the 2026 drill program completed to date have intersected quartz-sulphide mineralization which typically coincide with high-grade gold mineralization.

Expansion drilling will continue to focus on extending the footprint of the Bonanza and Golden Gate Zones to the East and Northeast, as well as expanding the Surebet Zone to the West. Directional drilling consisting of multiple holes stemming from a single ‘mother’ hole is being used on selected drill pads in order to minimize drill time and costs while increasing target accuracy.

Gold mineralization has been confirmed with assays from drill hole GD-26-417 expanding the Bonanza and Golden Gate zones by 540 meters to the southwest. Assays are pending on additional drill holes in these areas that could potentially confirm the expansion of the Bonanza and Golden Gate zones up to 750 meters to the southwest.

Gold mineralization has been confirmed with assays from drill hole GD-26-418 expanding the Bonanza Zone 100 meters to the north and remains open. Assays are pending on additional drill holes in these areas that could potentially confirm the expansion of the Bonanza zone up to 200 meters to the north.

• Drill hole GD-26-418 had two separate gold mineralization intercepts. The first from Surebet Zone, intercepted 8.09 g/t AuEq over 16.00 m, including 18.39 g/t AuEq over 6.75 meters, including 39.99 g/t AuEq over 1.00 meters and 74.67 g/t AuEq over 1.10 meters in an interval characterized by multiple occurrences of visible gold to the naked eye (VG-NE) hosted in quartz-sulphide stockwork and breccia.
• The second from Bonanza Zone expansion to the north that assayed 4.42 g/t AuEq over 5.00 meters, including 7.78 g/t AuEq over 2.79 meters, including 23.76 g/t AuEq over 0.90 meters; it remains open.

Gold mineralization has been confirmed with assays from drill hole GD-26-425 expanding the Bonanza Zone 100 meters to the west and remains open. Assays are pending on additional drill holes in these areas that could potentially confirm the expansion of the Bonanza zone up to 200 meters to the west.

This year’s program will be mainly focused on expanding their 5 Main Mineralized Zones at the Surebet Discovery. Much of the focus on these initial holes was stepping out and expanding the Bonanza Zone and Golden Gate Zone.  Data compilation and interpretation is underway which will be used to potentially vector in on the indicated Motherlode causative intrusive source to this extensive high grade gold system with widespread VG-NE.

If you have any questions for Roger about Goliath Resources, then please email them to us at Fleck@kereport.com or Shad@kereport.com.

• In full disclosure, Shad is a shareholder of Goliath 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 Goliath 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.

Scott Emerson, President and CEO of Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) joins us for an exploration update where the company reported on July 22^nd results from the first assays from its ongoing fully funded diamond drilling campaign, from hole LC-26-013, drilled on the Company’s 100%-owned Las Coloradas silver project in the Parral mining district of the Central Mexican Silver Belt, Chihuahua, Mexico.

Highlights:

• LC-26-013 (new): 5.20 meters @ 257 g/t AgEq (114 g/t Ag) within a broader alteration zone (130.0–246.9m), including 641 g/t AgEq (425 g/t Ag) over 1.40m (236.55–237.95m) — among the highest-grade silver intercepts reported by Kingsmen to date, and the deepest hole in the Soledad fence.
• LC-25-010 (previously reported, Sept. 24, 2025): 1.45 meters @ 1,028 g/t AgEq (455 g/t Ag) (190.25–191.70m), including 1,742 g/t AgEq (770 g/t Ag) over 0.70m (190.85–191.55m), within a broader zone of 138 g/t AgEq over 13.35m (64.3 g/t Ag).
• LC-25-005 (previously reported, January 19, 2026): 15.7 meters @ 74 g/t AgEq (46 g/t Ag), including an upper zone of 704 g/t AgEq (460 g/t Ag) over 0.35m and a lower zone of 1,379 g/t AgEq (848 g/t Ag & 0.87 g/t Au) over 0.6m.

Drill hole # LC-26-013, the deepest hole drilled to date at the Soledad system, intersected significant silver-gold mineralization 54 meters down-dip of previously reported hole LC-25-010, confirming that high-grade mineralization at Soledad continues to grow at depth. Together with previously reported holes, LC-25-005 and LC-25-010, the fence of three holes has now intersected silver-gold mineralization over a minimum of 135 meters of vertical depth, and a new structural target has been identified. Mineralization remains open at depth and along strike. This result demonstrates the continuity of the high- grade silver mineralization and expands the known mineralized footprint.

We go on to discuss some of the key exploration targets at Las Coloradas, based on the various data sets from mapping, sampling, historic data, and surveys flown that their team has compiled in the prioritized targets for this season.  The initial follow-up drilling has been testing deeper and stepping out around the historic Mine Target and DBD Target.  Additionally, other regional targets like Saddle, Silvia, Leona, Agilera, and La Plata areas will be tested. Then later in the year the company will transition over to drilling a number of targets at their Almoloya Project. 

If you have any questions for Scott regarding Kingsmen Resources, then please email those in to us at Fleck@kereport.com or Shad@kereport.com.

Click here to follow the latest news from Kingsmen Resources

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Nick Hodge, Co-Owner of Digest Publishing and editor of Foundational Profits and Underground Alpha, joins us for our monthly longer-format discussion on macroeconomic factors moving the markets, turning up the summer heat in resource stocks coming into August. He also shares portfolio management strategies in select gold, silver, copper, rare earths, and uranium stocks.

We start off reviewing some shifts in macroeconomics movers:

• A reduction in strength in US Dollar, with the dollar index moving back below 100
• Recent rolling over of interest rates, which had previously been rising based on anticipated hawking Fed policy from Warsh’s prior meetings and statements
• Improving US economic data on some fronts may have the Fed in a more neutral position
• A desensitization of geopolitics around the US/Iran negotiations and the supposed reopening of the Strait of Hormuz.
• US treasury financial intervention to support Japan, staving off their potential need to liquidate US treasuries, or any rapid unwind of the carry trade.
• Capex investments in AI data-center build-outs are ongoing.   

The conversation then transitioned from macroeconomics into recent uplift in gold, silver, and precious metals stocks. Nick is less animated by PM seasonality trends coming out of the Summer Doldrums, pointing to the changes in the US dollar and interest rates as the key factors that have led to this recent sector bounce.

• He mentioned that this lull in the summer doldrums in both sentiment and weak price action was a common theme from the recent Rule symposium; and conceded that in the later summer, once more investors are back from vacations and more focused on the markets again, that this may bring in more trading volumes and participation.
• We highlighted the wave of sector news on tap from now into September conference season. All this coming news can provide fundamental catalysts, from compelling Q2 earnings results in PM producers, to key upcoming milestones and studies for developers, and then all the summer drill programs. 
• Nick highlighted PM stocks moving on recent news like Revival Gold Inc. (TSXV: RVG) (OTCQX: RVLGF), Hannan Metals Limited (TSXV: HAN) (OTC: HANNF), San Lorenzo Gold Corp. (TSXV: SLG) (OTCQB: SNLGF), and Osisko Gold Group Inc. (NYSE: OGG, TSXV: OGG).
• He pointed out that the market is still not rewarding exploration news that shows some geological “smoke” but didn’t hit “fire,” mentioning his portfolio position in Quartz Mountain Resources Ltd. (TSXV:QZM)(OTCQX:QZMRF)
• There are some companies with he remains animated by for all the coming assay results from ongoing drill programs like Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF)

Next we switch over to the continued strength in copper, making new all-time highs again this week.  While we note the strong demand fundamentals, and supply constraints, Nick explains that the influx of copper into the US, and pricing arbitrage compared to London or Shanghai exchanges, may be due to investors positioning in front of potential tariff announcements on copper from the  Trump administration.

• Copper stocks we discuss are Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF), Hudbay Minerals Inc. (TSX: HBM) (NYSE: HBM), and Ero Copper Corp. (TSX: ERO, NYSE: ERO).

When reviewing where Nick is seeing the most government focus in the commodities sector, he highlights it is clearly in the Critical Minerals.  While multiple sectors from uranium, to lithium, to heavy rare earths have been sold down lately, the supply chain chokepoints outside of China remain, and the fundamentals for these strategic metals continuing to improve.

• Nick highlights the ongoing direct investment and policy initiatives into the rare earths processors, separators, recyclers, noting prior government investments into Trilogy Metals Inc. (NYSE American: TMQ) (TSX: TMQ), Lithium Americas Corp. (TSX: LAC) (NYSE: LAC),  MP Materials (NYSE: MP), and USA Rare Earth, Inc. (Nasdaq: USAR).
• He flags the recent $725 million financing commitment from the Department of War, U.S. Office of Strategic Capital, for Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) which was approved to support infrastructure and capacity to process rare earth elements and other critical materials domestically.
• CoTec Holdings Corp. (TSXV:CTH)(OTCQX:CTHCF) is company he remains animated by for similar reasons, due to their exposure to recycling material to extract and produce rare earth magnets and strategic materials.  He believes this could attract government interest like is has in the aforementioned companies.

Click here to follow Nick’s analysis and publications over at Digest Publishing

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In today’s Daily Editorial, we are joined by Joel Elconin, co-host of the Pre-Market Prep Show and founder of the Stock Trader Network. Joel breaks down the relentless momentum across major stock indices as market averages hit new record territory. We explore whether technical price action supports a continued rally or if tech sector laggards signal caution ahead.

Key Discussion Points:

• Market Momentum & Technical Support: How recent breakouts past historic resistance levels are establishing new technical foundations for the broad market.
• Intra-Sector Tech Rotation: Why profit-taking in high-flying chipmakers and hyperscalers is feeding capital into other index components rather than triggering broad selloffs.
• CapEx Spend vs. Earnings Justification: How big tech giants are attempting to validate massive AI capital expenditure and what that means for supplier supply chains.
• The Post-IPO Life Cycle of SpaceX: Key technical levels, lockup expiration dynamics, and how institutional accumulation typically plays out following initial public offerings.

Click here to visit Joel’s PreMarket Prep website – https://www.premarketprep.com/

Click here to visit the Stock Trader Network – https://www.stocktradernetwork.com/

Stocks & Symbols Mentioned: S&P 500 Index ($SPY / S&P Futures), Nasdaq-100 ($QQQ), Dow Jones Industrial Average ($DIA), Russell 2000 ($IWM), NVIDIA ($NVDA), Microsoft ($MSFT), Apple ($AAPL), Micron Technology ($MU), SanDisk ($SNDK), Western Digital ($WDC), Walmart ($WMT), Costco ($COST), Netflix ($NFLX), T-Mobile ($TMUS), Gilead Sciences ($GILD), SpaceX

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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 Company Update, Alex Heath makes his debut as the newly appointed Chief Executive Officer of Great Pacific Gold Corp. (TSXV: GPAC | OTCQX: GPGCF | FSE: 0B3). Alex outlines his transition into the CEO role, highlighting executive continuity, strategic discipline, and the ongoing multi-target exploration program at the Wild Dog Project in Papua New Guinea.

Key Discussion Points:

• Executive Leadership & Board Evolution: Alex addresses recent management shifts, explaining why the changes reflect an evolution rather than a pivot in strategy.
• Corporate Background & Financial Discipline: A look into Alex’s extensive mining finance experience and how capital preservation remains a core priority.
• Wild Dog Project Exploration Progress: An overview of current drilling across primary targets, including recent completion at Cassie Ridge and the shift to Magiabe
• High-Grade Discovery Potential & Target System: Why testing multiple distinct targets along the trend provides significant upside potential.
• Program Timelines & Lab Assays: Expected completion dates for the ongoing drill campaign alongside realistic assay turnaround expectations.

If you have any follow up questions for Alex please me at Fleck@kereport.com. 

Click here to visit the Great Pacific Gold website – https://gpacgold.com/

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Investment disclaimer:

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In this company update, Martin Turenne, President and CEO of FPX Nickel  (TSX-V: FPX – OTCQB: FPOCF), returns to discuss the inaugural 4,000-meter drill program at the Advocate Nickel Property in Newfoundland. He outlines how the exploration alliance with JOGMEC works, shares key milestones in de-risking the flagship Baptiste Nickel Project in British Columbia, and offers analysis on the shifting structural dynamics of the global nickel market.

Key Discussion Points:

• Inaugural Drill Program at Advocate: Overview of the 4,000-meter maiden drill campaign targeting high-priority awaruite nickel targets in Newfoundland.
• The JOGMEC Alliance: Breakdown of the strategic 60/40 exploration alliance with Japan’s JOGMEC and the long-term vision for project development.
• De-Risking the Baptiste Project: Updates on the environmental assessment permitting process in British Columbia and target timelines for feasibility work.
• Macro Nickel Market Dynamics: Analysis of changing supply management strategies in Indonesia, evolving cost structures, and long-term price expectations for nickel.

If you have any follow up questions for Martin please email me at Fleck@kereport.com.

Click here to visit the FPX Nickel website.

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Investment Disclaimer:

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Shawn Howarth, President and CEO of Excellon Resources (TSXV:EXN) (OTC:EXNRF)(FRA:E4X2), joins me to celebrate the key company milestone of first concentrate production at their flagship 100%-owned Mallay Silver-Lead-Zinc Mine, located in central Peru. He outlines all the continued development work building towards the commissioning of the mill, and the steady ramp-up into production growth over the next few quarters.  We also review the big exploration focus for infilling mineralization, testing at deeper levels of the mine that have been dewatered, and exploration at near-mine targets.

Highlights:

• First Concentrate Production: Since restarting on a pre-commissioning basis on July 2, 2026, the Mallay concentrator has operated consistently, processing approximately 12,000 tonnes of material and producing concentrates containing approximately 29,200 ounces of silver, 319,000 pounds of lead and 456,000 pounds of zinc. Initial concentrate shipments are expected in August 2026 with payment to be received during the quarter.
• Mill Throughput: The Company is targeting a controlled rate of approximately 400 tonnes per day during the pre-commissioning period, providing a sustained operating window for metallurgical optimization during ramp-up.
• 400 Ramp: The main accessway below the 4090 Level is now dewatered to the point where rehabilitation can begin. Rehabilitation of the 400 Ramp is the next step toward providing access to areas of the Mine below the 4090 Level.
• Drilling Underway: Three drill rigs are active, targeting confirmation drilling at depth and near-mine exploration.  Results will be reported separately.
• Mine Ramp-Up Underway:  Mine activities are advancing through 2026, prioritizing access below the 4090 Level where mineralization is expected to widen.  Updated mine planning and scheduling is underway.

We then briefly review the value proposition and optionality across their other 3 projects:  Tres Cerros, Kilgore, and Silver City.   Shawn points out there will be a lot of news to announce over the second half of this year and into early next year from exploration to operations at Mallay, the spin-out of Silver City, and exploration targeting at Tres Cerros and Kilgore.

Click here to follow the latest news from Excellon Resources

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In this Daily Editorial, we are joined by Craig Hemke, Founder and Editor of TF Metals Report, to examine the strong rebound across the precious metals sector.

Interview Highlights:

• Precious Metals Rebound: Craig breaks down the technical and fundamental forces behind the recent strength in gold and silver as key support levels hold firm.
• Macro Catalysts & Currency Moves: An analysis of recent joint Treasury and Bank of Japan interventions, their impact on the US Dollar Index, and shifting interest rate expectations.
• Technical Breakouts & Mining Equities: A look at crucial short- and long-term moving averages across metals and major mining ETFs that are shifting algorithmic trading and sentiment back to the buy side.
• Key Economic Data to Watch: A preview of upcoming economic reports, central bank policy gatherings, and macro factors that could influence market direction through the second half of the year.

Click here to visit Craig’s website – TF Metals Report – https://www.tfmetalsreport.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.

Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins me to review the value proposition that has his attention in 4 more advanced junior gold and copper exploration and development stocks, that have put out compelling news in the recent past and that have key alpha growth catalysts on tap in the medium-term.

The companies we discussed in the interview are:

• Revival Gold Inc. (TSXV: RVG) (OTCQX: RVLGF) – On August 4, the Company reported one of the highest-grade-thickness drill intercepts to date from the Joss area at the Company’s Beartrack-Arnett located in Idaho, U.S.A. This year’s 5,500-meter drilling program at Beartrack-Arnett targeted the potential expansion of high-grade underground sulphide Mineral Resources, last drilled in 2022.
• Hole BT26-255D intercepted: 3.43 grams per tonne (“g/T”) gold over 131.7 meters drilled width at 543 meters downhole; including a high-grade interval of 6.56 g/T gold over 42.5 meters drilled width at 632 meters downhole, including 11.58 g/T gold over 12.1 meters drilled width1 at 639 meters downhole.

• Westward Gold Inc. (CSE: WG, OTCQB: WGLIF) – On August 4, the Company announced assay results and mapping interpretations for the first of three trenches completed over the SSD Target (“SSD”) at the Company’s Toiyabe Hills Property in Lander County, NV. The 177-metre trench – part of Westward’s 468-metre program in advance of drilling – was completed near the Roberts Mountains Thrust and five gold zones were identified in the trench (using a cut-off of 0.14 g Au/t); including a significant sub-interval of 13.4 metres of 6.55 g Au/t, within 34.8 metres of 2.84 g Au/t. The ability to produce high-grade gold is a notable characteristic of major systems in the Cortez District.

• Miata Metals Corp. (TSXV: MMET) (FSE: 8NQ) (OTCQX: MMETF) – On July 29, the Company announced that La Mancha Resource Fund SCSp, a fund advised by La Mancha Resource Capital LLP, has via its subsidiary agreed to upsize its previously announced strategic investment in Miata accordingly. La Mancha will purchase, through a non-brokered private placement, 32,390,229 Shares at a price of C$0.41 per Share for aggregate gross proceeds to the Company of approximately C$13,279,994, to maintain its pro forma strategic investment of 19.9% of the Company.

• Red Canyon Resources Ltd. (CSE: REDC | OTCQB: REDRF | Frankfurt: I91) On July 30, the Company announced the completion of the initial phase of its planned 2,500 metre diamond drill program at its 100% owned Osiris copper–gold project in central British Columbia, originally announced on June 8, 2026. Follow-up plans include testing additional, recently upgraded drill targets.
• The Company has completed eight drill holes totalling 2,079 m at the Camp target within the Osiris Project. Based on this initial drilling, the Company interprets the Camp target to host an alkalic copper-gold mineral system with geological similarities to the Mount Polley and Mount Milligan mines in British Columbia.

Click here to follow Erik’s analysis over at The Hedgeless Horseman website

* In full disclosure, some 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.

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Dave Erfle, Founder of the Junior Miner Junky, joins me to review the latest price action in the precious metals sector, his technical outlook, major support thresholds, and the historical cycles keeping long-term investors grounded.  We also delve into why he recently added 3 new gold names to his retirement account, and key lessons learned from 3 heavily-weighted JMJ portfolio positions.

Key discussion points:

Precious Metals Could Be Building A Base For The Next Leg Higher: Gold, silver, and the PM stocks have essentially held at key support, and quit going down, with selling exhaustion showing up in the summer doldrums. It could be that the PM sector is just beginning to emerge from a multi-month correction within a larger secular bull market.

Technical Levels To Watch On The Gold Sector ETFs:  An analysis of key weekly support and resistance levels on both GDX and GDXJ.  Dave also points to the longer-term historical peaks for consideration, and even what price levels he considers the “all clear” threshold on if they are obtained.

Rotating Oil Profits Into 3 New Gold Positions: Dave shares that a few weeks back he cashed out some well-earned oil stock profits, and rotated them into 3 stocks within his personal retirement account (not the same as the Junior Mining Junk Portfolio).  We review the fundamental reasons, and importance of having a solid watchlist to pull from.

• Alamos Gold Inc. (TSX:AGI; NYSE:AGI)
• Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA)
• New Pacific Metals Corp. (TSX: NUAG) (NYSE-A: NEWP)

Learning Lessons From 3 Key JMJ Portfolio Positions: We discuss how his due diligence evolved on the projects, key recent catalysts, quality management teams, key stakeholders, jurisdiction diversification, share structure, and more on these heavily weighted portfolio positions.

• Montage Gold Corp. (TSX: MAU) (OTCQX: MAUTF)
• AbraSilver Resource Corp. (TSX: ABRA) (OTCQX: ABBRF)
• GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF)

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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Jonathan Egilo, President and CEO of Axo Metals Corp. (TSXV: AXO), joins us for a comprehensive re-introduction to this gold, silver, and copper exploration and development company, focused on advancing and developing their San Antonio project in the state of Sonora, Mexico down the pathway towards production.  

We start of discussing the acquisition of the San Antonio Gold Project from Osisko Development Corp back on January 27^th, which was transformational for the company.  The total resources at San Antonio stand at 576koz gold (Au) and 1.37moz silver (Ag) grading 1.20 g/t Au and 2.9g/t Ag in the Indicated category, with 544koz Au and 1.76moz Ag grading 1.02 g/t Au and 3.3g/t Ag in the Inferred category across all deposit types (oxide, transition and sulphide). 

Jon points out that higher gold and silver prices today will allow for a lower cut-off grade, which will grow the resources.  Additionally the company has been conducting infill drilling, but is now stepping out with drilling to expand the know resources.  The company will be updating and releasing a Mineral Resource Estimate along with a Preliminary Economic Assessment (PEA) later in the year.  

Axo Metals announced on July 27^th that the Mexican Federal Environmental Department (“SEMARNAT”) has issued a positive decision approving the Environmental Impact Statement (“Manifestos de Impacto Ambiental” or “MIA”) for the San Antonio gold project located in the State of Sonora. This landmark environmental permit approval validates the merits of the San Antonio project, and grants the primary authorization required for the construction and operation of the mine.

Jon highlights that the team is hard at work on metallurgical testing, engineering work, and assessing what will equipment will need to be added to expand the heap leach pads and get back into production next year. After the resource update and PEA is out later this year, it will help crystallize the detailed engineering and capex needed, which is modest, considering all the brownfield infrastructure already in place from prior operations.

Axo’s second project is the La Huerta property, a new copper discovery in Jalisco, Mexico. Initial exploration has yielded high-grade copper both at surface through sampling programs, and at depth through initial drilling. The Company is focused on continuing to define near-surface mineralization along the La Huerta Trend, expanding mineralization at depth, and targeting new discoveries in an underexplored district.

If you have any questions for Jon regarding AXO Copper, then please email me at Shad@kereport.com.

Click here to follow the latest news from AXO Metals Corp

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Tara Christie, CEO of Banyan Gold (TSXV: BYN / OTCQB: BYAGF) breaks down initial drill results from the company’s Nitra Project, where first-pass drilling has uncovered two brand-new gold discoveries. With visible gold logged at both Roaring Fork and Seattle Creek, the team is seeing early proof of district-scale potential across their 830-square-kilometer land position.

Key Discussion Points:

• Initial Nitra Drill Hits: What the first-ever drill holes at Roaring Fork and Seattle Creek tell us about these new target zones.
• Ramping Up Rigs: Why Banyan is adding a third drill rig to expand the Nitra program toward 10,000 meters.
• Big-Picture Geology: How these new discoveries tie back to the main AurMac deposit and surrounding regional trends.
• Upcoming Catalysts: Timelines for ongoing assay flow from the 70,000-meter campaign and work toward the Q4 Preliminary Economic Assessment (PEA).

If you have any follow up questions for Tara please email me at Fleck@kereport.com. 

Click here to visit the Banyan Gold website – https://banyangold.com/

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Investment disclaimer:

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