The KE Report

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 October 26, the Company announced that recently completed geophysical surveys are beginning to highlight new prospective targets at its 100%-controlled Thompson Knolls (TK) project, Millard County, Utah. In September, Zonge International Geophysics completed induced polarization (IP) and magnetotelluric (MT) surveys in a series of lines across the TK property. A total of 6 lines, one in a general south-north direction and the other five in east-west directions, enabled coverage of most of the project area. Zonge has provided the Company with early-stage modeling of MT data, presented here, while further processing the data to generate 3D inversion models to help design BCM's Phase 5 drilling program at TK.

 

NV Gold Corporation (TSXV: NVX) (OTCQB: NVGLF) – On October 20, the Company is providing an update to its initial 2026 drill results from its 100%-owned Slumber Gold Project, located 70 kilometers (45 miles) west-northwest of Winnemucca.  The 2026 reverse circulation drilling campaign has now received assays from 10 of 17 drillholes that have been completed to date. Drilling is continuing. At least 15 additional holes are planned for this program. The current drill holes have been sited to test the eastern DeLong Ridge and Awakening Zones nearly 1.4 kilometers northeast of previously reported gold zones at Slumber, drilled from 2019-2025. The Awakening Zone straddles the boundary between the Company's existing north area claims and a portion of the recently leased DeLong Ranch lands. Drilling continues south and southeast of DeLong Ridge.

 

Tocvan Ventures Corp. (CSE:TOC)(OTCQB:TCVNF) - October 29 the Company announced initial trench results from ongoing pilot mine development at its 100%-owned Gran Pilar Gold-Silver Project in Sonora, Mexico. Main Zone Trench 19 returned an average of 4.6 g/t Au, with samples up to 24.4 g/t Au, while Trench 3, testing a new zone approximately 1.3 km east of the pilot mine area, returned an average of 0.8 g/t Au and 100 g/t Ag, with samples up to 234 g/t Ag. Approximately 6,000 tonnes of material from the three trenches has been stockpiled on site, providing early feed characterization for the planned 50,000-tonne pilot facility.

 

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.

In this company introduction, we are joined by Bruce Counts, President and CEO of Storm Exploration (TSX-V: STRM). Storm Exploration is focused on discovering and advancing district-scale copper, zinc, and precious metal volcanogenic massive sulphide (VMS) systems across northwestern Ontario. In this interview, Bruce walks through the company’s recent maiden drill program, the geological thesis behind their core projects, and what investors should watch for as technical news flow ramps up.

Key discussion points include:

The Genesis of Storm Exploration: How a strategic pivot led the team into northwestern Ontario to target high-potential copper and base metal systems backed by rich historical data.

Uncovering the Gold Standard VMS Project: The geological insights that connected historic turn-of-the-century gold mines with unassayed Inco base-metal drill holes to identify an expansive 7km conductivity corridor.

Maiden Drilling Strategy and Visual Intercepts: The rationale behind the 8-hole, 1,500m scout program testing 1.9km of strike, and the significance of intersecting massive and semi-massive sulphides along the anomaly.

Regional Upside at Keezhik and Attwood: Exploration potential across two additional properties in the Fort Hope Greenstone Belt featuring historic high-grade gold intercepts and modern airborne VTEM surveys.

Corporate Capital Structure and Catalyst Timeline: A review of the company's well-funded balance sheet, strategic support from major shareholders like Eric Sprott, and the expected rollout of geological logging and laboratory assays.

 

Click here to visit the Storm Exploration website to learn more about the projects - https://stormex.ca/. 

 

And please email me with any follow up questions you have for Bruce - Fleck@kereport.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 Company Introduction, Cory chats with John LaGourgue, President and CEO of First Canadian Graphite Inc. (TSX-V: FCI | OTC: GRAPF). First Canadian Graphite is focused on advancing its flagship Lac Guéret South Project in Northern Quebec, situated within an established district known for some of the highest-grade natural flake graphite deposits globally. John discusses the company’s exploration milestones, near-term development strategy, and the pathway toward establishing a domestic, open-pit supply chain.

A World-Class Geological Footprint: Discover how the Lac Guéret South property compares to top-tier neighboring graphite systems and what makes Northern Quebec an optimal operating jurisdiction.

Emergence of Zone 13: An introduction to the new discovery at Zone 13, highlighting the scale of the strike length, initial high-grade surface sampling, and its potential as the project's flagship asset.

Targeting Fast-Track Production: Insights into the upcoming 20,000-meter drill program, metallurgy expectations, and the targeted roadmap to an initial Mineral Resource Estimate and Preliminary Economic Assessment.

Capital Structure and Board Execution: An overview of the company’s treasury, lean development model, strategic shareholder backing, and the experienced board driving operations forward.

 

Click here to visit the First Canadian Graphite website to learn more about the company. And Please email me with any follow up questions for John - Fleck@kereport.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.

In this Company Update, Cory chats with Mike Burke, Director and Vice President of Corporate Development at Sitka Gold (TSX-V: SIG | OTCQB: SITKF | FSE: 1RF). Mike walks us through the recent completion of the company’s 60,000 meter, 2026 exploration campaign at the flagship RC Gold Project in Yukon, detailing the scale of the program, what visual indicators are showing in the core, and what investors should anticipate as substantial assay flow begins.

Completion of the 60,000-Meter Campaign: With 149 diamond drill holes wrapped up, discover the operational execution behind Sitka’s largest exploration season to date and the timeline for releasing the remaining backlog.

Massive Assay Backlog Pending: Over 30,000 meters across 90 drill holes are currently awaiting laboratory assays, representing significant potential news flow heading into year-end.

High-Grade Expansion vs. Infill Focus: 80% focus on step-out drilling aims to grow the known footprint across Blackjack, Saddle, Eiger, and newly tested targets toward an updated mineral resource estimate targeted for Q1 2027.

Geological Drivers and Lamprophyre Dikes: Mike highlights key structural observations from the drill core, including visual gold mineralization and what the repeated association with extensional lamprophyre dikes reveals about the larger system.

Strengthening Board Leadership: An introduction to new Chairman of the Board Tim Termuende, his background building exploration value, and how his expertise aligns with Sitka's evolution beyond exploration toward advanced project development.

 

If you have any follow up questions for the team at Sitka Gold please email me at Fleck@kereport.com. 

 

Click here visit the Sitka Gold website to learn more about the Company - https://sitkagoldcorp.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.

In this Company Update, Cory is joined by Mike Spreadborough, Executive Co-Chairman, and Rohan Williams, General Manager of Exploration, at Novo Resources Corp. (TSX: NVO | ASX: NVO | OTCQX: NSRPF). The discussion focuses on the recent milestone updates from the Tibooburra Gold Project in New South Wales, detailing upcoming drill programs, farm-in progression, and regional exploration initiatives:

Upcoming RC Drill Program at the Clone Prospect: How Novo is preparing to kick off an imminent 2,700-meter reverse circulation (RC) drill program following up on previous high-grade intercepts.

Step-Out Potential and Exploration Depth: Insights into testing down-plunge continuity, targeting mineralized plunge extensions down to 160 meters, and assessing analogies to high-grade Victorian goldfields.

Regional Pipeline and First-Principles Targeting: A look at how extensive stream sediment, soil sampling, and rock-chip surveys across the 22-kilometer strike are shaping air-core drill targets for next year.

Joint Venture Farm-In Milestone: Key operational and management shifts following Novo's earn-in to secure an initial 70% interest in the joint venture.

Project Timelines and Upcoming Catalysts: What investors should anticipate regarding drilling turnaround, pending soil assay releases, and long-term planning for 2027.

 

Please email me with any follow up questions for Mike and the team at Novo Resources. My email address is Fleck@kereport.com.  

 

Click here to visit the Novo Resources website to learn more about all the projects and exploration programs - https://novoresources.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.