The KE Report

Terry Lynch, CEO of Power Metallic Mines (TSX.V: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV), joins me for a comprehensive exploration update catching up on multiple news releases from their fully funded 100,000-meter drill program at the polymetallic NISK Project in Quebec.  We discuss recent drill results at the Lion Zone, pending results still at the assay lab, but also review 4 key regional exploration targets of interest for 2026 drilling.  Additionally we touch upon the successful metallurgical testing recovery results, and other value drivers in Chilean Metals spin-out, and upcoming work at the Jabal Baudan Exploration License in Saudi Arabia.

 

Infill and expansion drilling has continued to define the high-grade Lion Zone in preparation for a 2026 Mineral Resource Estimate (MRE). The infill drilling on the Lion zone has shown that the interpreted zone geometry has high repeatability raising the confidence level for future mineral resource estimates to an Indicated Resource classification. Internally the Lion Zone drilling continues to surprise with very high-grade holes.

 

Hole PML-26-049, the first hole of the 2026 winter drill campaign, was drilled to support the modelled interpretation of the Lion zone near surface. It resulted in the best copper intersection to date on the Lion Zone, intersecting massive to brecciated Cu sulphides over 16.55m @ 10.08% Cu (15.11% CuEqRec1). This hole greatly expands the zone near surface that may be amenable to early open pit extraction in a possible future mining operation.

 

The exploration team has an ongoing six-rig drill program focused on expanding the mineralized around the Lion Zone and at depth testing the potential “Elephant Zone,” and also at Lion West, at the Tiger Deep Zone.  Additionally, new polymetallic targets are being refined from surveys at the Hydro Fold-Hinge Zone, there will be more step-out drilling focused on to connecting more of the 5.5km corridor and “Gap Area” between Lion and NISK Main. 

 

There are still about 20,000+ meters of core being processed at the lab, and continued drilling that will keep going through April that should see a steady string of drill results coming back in over the next few months.

All the drilling data from the end of last year and this year will be added to prior results into a new resource update and then PEA later in the year.

Then 30,000+ additional meters that will be drilled throughout 2026, starting up again in the summer.

 

On January 19, 2026, Power Metallic Mines provided preliminary metallurgical results performed by SGS Canada Ltd at its laboratories based in Quebec City, QC, and Lakefield, ON, from representative samples of Lion zone mineralization sent over back in October 2025. An initial Lock Cycle Test within coarse grained chalcopyrite and cubanite returned a sulphide concentrate grading 25.8% Copper containing very high metal recoveries of Copper (98.9%), Palladium (93.9%), Platinum (96.8%), Gold (85.0%) and Silver (88.9%), exceeding Power Metallics most optimistic estimates for recovery prior to this test work. 

 

On Feb. 19, 2026, Chilean Metals Inc (TSX.V: CMCG) commenced trading. Chilean Metals was created through a spin-out from Power Metallic Mines Inc. (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV1) in February 2025, At time of spin-out ownership was 50% Power Metallic and 50% the Power Metallic shareholders of record January 31 2025. The new Company was created with a focused exploration mandate and a project portfolio spanning two of the most geologically fertile mining belts in the Americas.

 

We also touched upon upcoming exploration at their 100% controlled Jabal Baudan Exploration License in Saudi Arabia: Power Metallic announced on June 16th that it was awarded the exploration license for the Jabal Baudan project in Saudi Arabia’s Jabal Sayid Mineralized Belt. This historic milestone positions Power Metallic as one of the few foreign companies with mining concessions in the Kingdom of Saudi Arabia, having secured a successful bid in this prestigious licensing process.

 

If you have any questions for Terry regarding Power Metallic Mines, then please email them into me at [email protected].

 

* In full disclosure, Shad is a shareholder of Power Metallic Mines at the time of this recording, and may choose to buy or sell shares at any time.

 

Click here to follow the latest news from Power Metallic Mines

 

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Investment disclaimer:

This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this Company Introduction on the KE Report, we sit down with Joe van den Elsen, President and CEO of Andina Copper (TSX.V:ANDC - OTCQX:ANDC), to discuss the company’s exploration efforts across South America. Andina Copper has copper exploration projects in Argentina, Colombia and Chile - with drilling on two this year.  

Key Discussion Points:

Strategic Portfolio Management: Joe explains the rationale behind building a portfolio of porphyry discoveries in Argentina, Colombia, and Chile to mitigate jurisdictional risk and ensure a consistent flow of news throughout the year.

The Piuquenes Project (Argentina): We dive into the high-grade copper-gold potential of this flagship asset located near world-class deposits like El Pachón and Altar, highlighting recent drilling success and the project's shallow nature.

Advancing Cabrasco (Colombia): Joe details the acquisition of this district-scale copper-molybdenum porphyry system, the logistics of operating in the Chocó belt, and the company's commitment to year-round drilling.

The Mantau Project (Chile): A look at the pipeline opportunity in the Antofagasta region, situated adjacent to significant recent discoveries, and how it fits into the company’s seasonal exploration rotation.

Capital Position and Team Expertise: An overview of the company’s recent $27.5 million financing and the technical team driving these projects forward.

 

If you have any questions for Joe and his team you can email us at 

Click here to visit the Andina Copper website - https://www.andinacopper.com/ 

 

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

The KE Report: https://kereport.substack.com/ 

Shad’s resource market commentary: https://excelsiorprosperity.substack.com/

Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this episode, we sit down with Nick Appleyard, President and CEO of TriStar Gold (TSX.V: TSG | OTCQB: TSGZF). Following a recent news release regarding the ongoing court case in Brazil, Nick provides essential clarity on the status of the LP environmental permit for the Castelo de Sonhos project. We dive deep into the legal proceedings, the nature of the contested facts, and the potential timelines for a resolution that could significantly re-rate the company's valuation.

Key Discussion Points:

Current Court Status: Nick explains the "evidentiary phase" of the court case, where parties are submitting contested facts and the judge is determining if independent experts are required to reach a final truth.

The Indigenous Consultation Issue: A look into the central dispute regarding the proximity of indigenous groups; Nick clarifies that the nearest groups are 30km away, upstream, and separated by a mountain range, making any environmental impact scientifically impossible.

Potential Outcomes: Discussion on the four possible paths forward - a direct judicial ruling, further expert examination, a judge-mandated negotiation, or an out-of-court settlement with the federal prosecutors.

Project Value vs. Market Cap: A comparison of TriStar’s current $110 million CAD market cap against the project’s post-tax NPV of over $2 billion USD, highlighting the massive value gap created by these "artificial" legal delays.

 

Click here to visit the TriStar Gold website to learn more about the Company and Project. 

 

Email me any follow up questions for Nick - [email protected]. 

 

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

The KE Report: https://kereport.substack.com/ 

Shad’s resource market commentary: https://excelsiorprosperity.substack.com/

Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this episode, we are joined by Rob Bruggeman, an experienced industry insider and equity analyst who recently launched The Wealthy Miner, a subscription-based research platform. Drawing on over 20 years of experience as an analyst and proprietary trader for major banks, Rob shares his unique analytical framework for identifying value in the resource sector.

Rob explains his current preference for producers over early-stage explorers, citing the immediate benefits of rising metal prices and the risk of cost inflation for future developments.

Key Discussion Points

The Wealthy Miner Philosophy: Transitioning from a banking background to a disciplined research platform designed to provide an information advantage through rigorous analysis.

Precious Metals Outlook: Why the current bull market in gold and silver remains intact, with the potential for gold to reach $10,000 as geopolitical and currency forces continue to align.

Producers vs. Explorers: A deep dive into why near-term producers offer better risk-reward profiles today, as they have already "sunk" their costs and can capture immediate margins from high spot prices.

Strategic Minerals and Copper: Assessing the long-term demand for copper driven by AI and electrification, and the specific criteria for identifying world-class copper porphyry discoveries.

Stock Selection Criteria: How to differentiate between "lottery ticket" explorers and projects with legitimate potential for a "ten-bagger" return based on drill results and management execution.

 

Click here to visit The Wealthy Miner website - https://www.thewealthyminer.com/ 

 

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

The KE Report: https://kereport.substack.com/ 

Shad’s resource market commentary: https://excelsiorprosperity.substack.com/

Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In this exploration update, we are joined by Greg McCunn, President and CEO of Great Pacific Gold (TSX.V: GPAC | OTCQX: GPGCF). Greg provides a comprehensive look at the company’s recent drill results and the rapid expansion of their exploration targets within the Wild Dog structural corridor in Papua New Guinea.

The discussion covers the transition of drilling efforts from the Sinivit target to the Kavasuki target, early visuals from the maiden program at Kasie Ridge, and the high-priority channel sampling results from the Morgan and Magiabe West areas.

Key Discussion Points:

High-Grade Success at Kavasuki: Analysis of the first drill hole which returned 58.9 meters at 2.5 g/t AuEq.

The Wild Dog Corridor Strategy: Insight into the 1-kilometer undrilled gap between Sinivit and Kavasuki and the company's plan to test if these areas form one continuous high-grade system.

Maiden Drilling at Kasie Ridge: An update on the second drill rig testing a never-before-drilled lithocap and porphyry target, where early holes have already visualized chalcopyrite.

New Discoveries at Morgan and Magiabe West: Review of channel samples, including 19.3 meters at 4.1 g/t AuEq at the Morgan Vein and 8.0 meters at 18.12g/t AuEq at Magiabe West, significantly extending the known strike length of these systems.

2026 Exploration Outlook: A look at the company’s $10 million working capital position and the systematic plan to utilize two rigs to build resources and test new pipeline targets through the remainder of the year.

 

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

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

 

---------------------

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

The KE Report: https://kereport.substack.com/ 

Shad’s resource market commentary: https://excelsiorprosperity.substack.com/

 

Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.