The KE Report

[Recorded on Friday June 5th, 2026 before some of their recent news releases] Robert Vallis, President, CEO, and Director of Tiger Gold Corp. (TSXV: TIGR) (OTCQB: TGRGF) (FSE: D150), joins me for a comprehensive introduction to the 2 million ounces of gold resources, rapidly being expanded with a fully-funded exploration program at their Quinchía Gold Project and the Andes Gold Project, located in Colombia's prolific Mid-Cauca belt.

 

Robert outlines both the roughly 2 million gold ounces of resources delineated in all categories, with nearly another 500,000 ounces in historic resources at Dos Quebradas.

 

Multiple Deposits with Significant Upside Potential:

510k oz Au Measured & Indicated Resource (Miraflores)

1,570k oz Au Inferred Resource (Tesorito)

495k ozAu Historical Resource (Dos Quebradas)

 

Robert then highlights how the resources are aggressively being expanded through drilling, and points out a number of the high-priority exploration targets across the Quinchía Gold Project.

The Company has completed more than 11,350 metres of drilling in over 35 holes across the project as part of its broader 20,000-metre drill program.

The program is ongoing with three diamond drill rigs, including one rig at Tesorito and two at Ceibal; supporting the continued definition and expansion of the project's Mineral Resources.

 

Additionally, the project economics were demonstrated in the 2025 Preliminary Economic Assessment (PEA). 

The PEA will get another update after all the new drilling from this program gets incorporated.

There are parallel workstreams around social licensing, permitting, metallurgy, condemnation drilling, engineering, and other derisking building towards an updated PEA with Ausenco.

 

Tiger Gold is led by a multidisciplinary team of exploration geologists, mine builders, engineers, metallurgists, ESG specialists, and corporate finance professionals with a track record of exploration success, project advancement, and bringing mines into production at globally recognized mining companies including AngloGold Ashanti, Barrick Mining, Yamana Gold, Detour Gold, NewGold, Pretium Resources, and others.

 

The Company now has more than 160 employees and contractors working on the ground at Quinchía, reflecting the rapid mobilization of its in-country workforce as exploration and development activities accelerate. Tiger Gold is deeply committed to the people and communities of the Quinchía region, and to building enduring, mutually beneficial relationships with local stakeholders. 

 

 

If you have any follow up questions for Robert regarding Tiger Gold then please email those to me at  Shad@kereport.com.

 

Click here to follow the latest news from Tiger Gold Corp

 

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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 welcome Dave Erfle, Founder and Editor of the Junior Miner Junky, to discuss the recent sharp breakdown across the precious metals sector. While short- and medium-term charts look technically weak, Dave explains why this correction might actually be a massive buying opportunity rather than the start of a prolonged bear market.

Key Discussion Points:

The Psychology of False Breakdowns: Why recent technical drops below key moving averages historically signal a powerful move in the opposite direction.

Rock-Bottom Sentiment vs. Record Profits: An analysis of the Bullish Miners Percentage Index hitting zero despite producers coming off their most profitable quarter in history.

Historical Analogs from 2008 to 2024: How past market corrections parallel today’s action and what they tell us about the ultimate bottom.

Decreasing Margins vs. Balance Sheet Strength: A direct look at how major producers and explorers are equipped to withstand lower gold prices without dilution risk.

The Impending Rotation from General Equities: Why deeply undervalued mining stocks are perfectly positioned to capture capital as overextended tech sectors cool down.

 

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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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.

Will Robinson, VP of Exploration at West Red Lake Gold Mines (TSX.V:WRLG – OTCQB:WRLGF), joins me to review the key metrics returned from the updated Mineral Resource Estimate (MRE) at the Rowan Deposit and the first numbers from the Mt Jamie deposit.  Both Rowan and Mt Jamie are satellite deposits nearby the flagship Madsen Gold Project, in the Red Lake district of Ontario, Canada.  We also discuss some of the exploration news on tap in 2026 around the Madsen Mine.

 

HIGHLIGHTS:

 

Rowan Indicated gold ounces (“oz”) increased by 70% to 334,825 oz grading 13.03 grams per tonne gold (“g/t Au”), compared to 478,707 tonnes containing 196,747 oz grading 12.78 g/t Au in the 2025 MRE.

Rowan Inferred gold oz increased by 52% to 179,013 oz grading 15.31 g/t Au, compared to 421,181 tonnes containing 118,155 oz grading 8.73 g/t Au in the 2025 MRE.

Gold resource grade increased by 2% in the Indicated category and 75% in the Inferred category.

Significant resource growth achieved with minimal exploration expenditures of C$3.5 million and relatively low drilling meters of 6,300m, representing a modest discovery cost of approximately C$17.60/oz gold.

New drilling successfully expanded and upgraded several high-grade vein structures, including Veins 003, 006 and 013.

Rowan continues to rank among the highest-grade undeveloped gold deposits in Canada based on an Indicated resource grade of 13.03 g/t Au.

An initial resource estimate for the Mt. Jamie deposit was also prepared which includes an Indicated resource of 49,407 oz grading 14.13 g/t Au, with an additional Inferred resource of 35,791 oz grading 11.97 g/t Au.

The Mt. Jamie deposit is located approximately 2km west of Rowan and shows strong potential for becoming an additional high-grade satellite in WRLG’s Red Lake portfolio which presents obvious synergies to any future extraction scenario at Rowan.

Expansion potential remains strong at Rowan and Mt. Jamie with mineralization open at depth and along strike and multiple vein zones demonstrating strong continuity beyond the currently modeled mineral domains.

 

ROWAN 2026 MINERAL RESOURCE ESTIMATE:

 

The 2026 MRE update for Rowan incorporates an additional thirty-seven (37) holes for 6,300m of oriented HQ diamond drill core since the June 2025 MRE.

A total of twenty-two (22) mineral domains were created to constrain the Rowan mineralization. This is a reduction from the twenty-six (26) domains used in the June 2025 MRE.

The M&I resources from Rowan will factor into the upcoming combined PFS with Madsen

A total of five (5) mineral domains were created to constrain the Mt. Jamie mineralization using drilling data in the existing database.

 

Will mentions that more assays are still pending from the ongoing surface drilling into the prior-producing Starratt-Olsen area; which is near-surface and adjacent to the Fork deposit.   There will be upcoming underground drilling planned along Austin 904 Zone, South Austin 4447 Zone, and the 13 East Drive drifting over into Lower Austin and eventually Derlak.

 

 

If you have any follow up questions for the team over at West Red Lake Gold please email me at  Shad@kereport.com.

 

Click here to visit the West Red Lake Gold website and read over the recent news we discussed.

 

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.

Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins me to reflect on the status of the gold and silver bull market, after the corrective moves of the last few months.  He also outlines how he is approaching rebalancing his portfolio from a high-conviction standpoint, and by weighting his positioning heaviest to the junior resource stocks with compelling alpha catalysts on tap in their coming newsflow.

 

 He starts off noting that the correction thus far in gold and silver, from the high peaks earlier this year to the recent lows is almost getting as extreme, on a percentage basis, as the moves seen in the metals during the Great Financial Crisis.  For this reason he believes most of the downside price moves have already occurred across the sector, and he is not expecting a prolonged multi-year bear market from here.

 

With regards to the junior resource stocks, his perspective is that these deeper corrections bring clarity to one’s conviction in any given portfolio position.  When analyzing the downside trends that we’ve seen in precious metals stocks over the last few months, and especially during the sharp moves lower, like what we saw the end of last week; he encourages investors to reevaluate what they hold and why they got positioned in those stocks in the first place.

One may feel compelled to accumulate a larger position as the price and valuation of a stock drops lower, because of the conviction they have in that company value catalysts on the horizon. The lower it goes, the more mispriced it will appear by the market, and the more compelling it will be on a risk/reward basis.

In contrast, he points out being willing to sell out of a sector momentum beta position, especially if one gets lower conviction the more it corrects lower in price. This distinction will underscore that this position was more of a beta momentum trade, where the company was still dependent on higher metals prices strong sector sentiment to keep moving higher.

He outlines that focusing on alpha catalysts in junior resource stocks, can end up meaning less outperformance during the really bullish periods, but conversely less downsize pressure during sector corrections.

 

 

Erik highlights why Goliath Resources Limited (TSX-V: GOT) (OTCQX: GOTRF) is a good example of a stock that has corrected hard with the rest of the PM sector, but is fully-funded for a 50,000 meter drill program, with a high hit rate on the prior few seasons of drilling, and a propensity to rerate based on positive newsflow.

He notes that this stock is demonstrating a pricing pattern he has seen over and over again in junior mining stocks. Often a correcting stock will briefly break downside support, which is where the weak-conviction retail investors capitulate, and then the equity will consolidate and then suddenly surge higher based on their unique alpha catalysts, leaving investors chasing it higher once again.

 

 

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.

 

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.

Maura Kolb, President of Dryden Gold Corp (TSX.V: DRY) (OTCQX: DRYGF), joins me for an exploration update on some of the recent news releases with the most up-to-date drill results at the Elora-Jubilee and Big Master and trends at the Gold Rock Camp, and touching up on the Hyndman and Sherridon regional targets, across their Dryden Gold District, in Northwestern Ontario, Canada.

 

We start off discussing how this year’s exploration program is continuing to build up the high-grade drill 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.

 

Drilling at Jubilee tested between 150 to 200 meters with the goal of collecting structural data to improve in predicting high-grade gold mineralization at depth. Deeper down-plunge testing will begin this summer, and a second drill rig will be deployed to continue to fully define the high-grade footprint at Gold Rock. The 2026 drill program has now expanded to 45,000 meters.

  

 

*Jubilee Drill Highlights:

 

Hole DGR-054 returned 2.92 g/t gold over 14.50 meters including 6.79 g/t gold over 5.00 meters also including two high-grade intercepts of 28.80 g/t gold over 0.40 meters and 15.30 g/t gold over 0.60 meters (Figure 1, Table 1).

Hole DGR-056 returned 2.48 g/t gold over 12.65 meters including 33.50 g/t gold over 0.50 meters.

Confirmation of the multiple hanging wall and footwall mineralized stacked structures across Gold Rock, including Hole DGR-053 intercepting 0.73 g/t gold over 9.58 meters.

 

Two drill holes, on the Big Master Gold System at Gold Rock, tested the near-surface mineralization above (up-dip) from the recent Sparrow discovery. The third hole intersected Barrelman on BM1 and Treasure on BM2 expanding these zones at depth. The latest results validate the Company’s exploration model and support an expanded 2026 drill program at Gold Rock. A second drill rig has been contracted and is scheduled for deployment on July 1.

 

*Big Master Drill Highlights:

 

Hole DGR-051 returned 3.24 g/t gold over 14.77 meters including 29.55 g/t gold over 1.35 meters at Sparrow 88.00 meters from surface.

Hole DGR-052 returned 1.02 g/t gold over 13.50 meters including 8.88 g/t gold over 1.00 meter also at Sparrow 125.00 meters from surface.

Hole DGR-057 expanded mineralization at both Treasure and Barrelman.

 

 

*Maura encouraged investors to further inspect these drill results within the context of 3D modeling tools over at Mining Hub:

https://mininghub.com/3d/v/6dcjgqzm

 

 

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, where the Mud Lake area will be the next target tested with drilling in 2026.

 

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 here to visit the “Link Tree” to different Dryden Gold media outlets

 

 

If you have any questions for Maura, Trey, or the team at Dryden Gold, then please email them into me at  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.

 

 

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.