Frank Callaghan, President and CEO of Golden Cariboo Resources Ltd.  (CSE:GCC) (OTC:GCCFF), joins me to review more gold assays reported to the market over long intercepts.  These results from drillholes 16 and 17 have extended the mineralization and strike length at the Halo Zone, located at their flagship Quesnelle Gold Quartz Mine, in the Cariboo Mining District of British Columbia.

We start off having Frank outline what these latest 2 drillhole assays returned mean to the overall picture that is forming of the expanding mineralization at the Halo Zone.

• Drill hole QGQ24-16 intersected 275.31 m (903.2 ft) of 0.53 g/t gold from a depth of 39.01 m (127.99 ft), including 50.99 m (167.3 ft) of 1.28 g/t gold from 39.01 m depth. This is the initial drill hole from the current phase of drilling and represents strong widths and continuity of gold mineralization within the Halo zone discovery.
• Drill hole QGQ24-17 intersected 452.51 m (1484.6 ft) of 0.30 g/t gold near surface from a depth of 10.97 m (35.99 ft), including 27.32 m (89.6 ft) at 1.01 g/t gold and 51.26 m (168.2 ft) at 1.00 g/t gold. The broad, 452.51 m intercept of gold mineralization, extends the Halo zone 241 meters (790.7 ft) to the north from the QGQ24-14 collar and discovery holes drilled this past summer.

Next we discuss how the last 17 holes have all hit gold mineralization and how their geologists have really come to good understanding of the mineralization and have vectored in on exploring for gold at the greenstone belt contact zone at their Quesnelle Gold Quartz Mine.   The exploration team has now drilled a total of 21 holes, and is going to continue on drilling year-round, with a small break for the holidays and any potential deep freeze winter temperatures.  Much of the drilling has been testing the approximately 1km area between the Main Zone and Halo Zone, as well as now doing large step-outs beyond this area and extending the strike length of the mineralized trend. There is a strong geophysical signature helping out with targeting, that also extends on to their neighbor’s, Osisko Development’s land package, pointing to the potential of district scale mineralization.

Wrapping up, we got into the recent acquisition of the Washburn Lateral District Lot on the Company’s mineral claims, immediately northeast from the historic Quesnelle Quartz Mine, which contains the undersurface mineral rights to the claim area. On December 17th, the Company also announced the staking of 90,989 ha (224,052 acres) of contiguous mineral claims to the Company’s Quesnelle Gold Quartz Mine Property across the northern region of the Cariboo Gold District, bringing a new total of 95,122 ha (235,264 acres) held by the Company, and now making it the third largest claim holder in the Cariboo Gold District.  The exploration team is keenly interested to get out and start ground-truthing more targets on this expanded land position.

If you have any questions for Frank regarding Golden Cariboo, then please email them into me at [email protected].

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Welcome to The KE Report Weekend Show -Holiday Special. Since it’s the end of the year it’s a great time to reflect on the current state of the markets and look ahead to 2025. 

This Weekend Show provides some invaluable insights into metals equities as I feature an executive from one of the largest royalty companies in the space and a fund manager focused on metals equities. I hope you all enjoy this weekend’s show and take away some valuable information to use for investing in 2025. 

As always please keep in touch with me through email. My email address is [email protected].

• Segment 1 and 2 Randy Smallwood, President and CEO of Wheaton Precious Metals (TSX | NYSE | LSE: WPM) kicks off the show to discuss the state of the market for precious metals equities. We cover market cycles, the unconventional bull run in gold, the unique streaming business model of Wheaton, and the critical role of geopolitical and economic factors. Randy also touches on the significant buying trends from Eastern markets and addresses the challenges and opportunities within the sector.

• Click here to visit the Wheaton Precious Metals website. 

• Segment 3 and 4 – Matt Geiger, Fund Manager and Managing Partner at MJG Capital wraps up the show by recapping a couple of his best and disappointing investments in 2024, and sharing his 2025 big picture themes. Key 2025 themes include the impact of central bank buying, potential spillover into broader metals, and the ongoing M&A boom. We also address jurisdictional risks in regions like the Ivory Coast and Peru and consider the potential for money rotation into lesser-known metals like tin.

• Click here to visit the MJG Capital website to learn more about Matt’s fund. 

Joel Elconin, Co-Host of the PreMarket Prep Show joins us to discuss the volatile week for markets and look ahead to the last few days of the year. 

We start with the Fed’s 25 basis point rate cut and future rate projections, as well as the market’s volatility in response. Joel also shares insights on contributing factors to market jitters, including the quad witching expirations, political uncertainties in Washington, and external events like the bird flu in California. The discussion includes analysis of key market responses, including the role of major investors like Warren Buffett, the rebound in tech stocks, and the impact on commodities. We wrap up with Joel’s outlook for the remainder of the year and the challenges and opportunities investors may face in 2025.

Click here to visit Joel’s PreMarket Prep website.

Josef Schachter, Founder and Editor of the Schachter Energy Report, joins me to provide an update on the oil and natural gas sectors including a number of stocks he sees as attractive buys. Josef also is offering a holiday discount for his yearly and quarterly subscriptions. 

To take advantage of the holiday special click here to visit the Schachter Energy Report website and enter the code “HOLA24” for $100 the yearly subscription or “HOLQ24” for $50 of a quarterly subscription. 

The discussion kicks off with a review of natural gas prices, currently at a two-year high, exploring seasonal trends, EIA data, and LNG exports. Josef predicts potential price movements and evaluates the future of LNG exports, highlighting key challenges in the Canadian market.

Transitioning to energy equities, Josef discusses the impact of tax loss selling on energy stocks and shares his predictions for 2025. He provides detailed analysis on various natural gas and oil stocks, including Obsidian, Tourmaline, and Paramount, assessing their valuation, growth potential, and dividend stability. We also touch upon opportunities in smaller energy stocks like Bonterra and emphasizes the importance of insider ownership, cash flow, and asset value in evaluating investments.

We conclude with a look at the broader implications of regulatory changes, global supply and demand, and investment strategies for the energy sector.

Dave Erfle, Editor of the Junior Miner Junky joins me to discuss the ongoing correction in gold, silver, GDX, GDXJ and SIL. 

The Fed’s decision to cut rates by 25 basis points and its revised projections for only two more rate cuts in 2025 have led to significant market reactions. We delve into the price movements of gold, which is currently around $2,600, and silver, which has dipped below $30. 

Dave provides insights into the eight-week consolidation triangle for gold and discusses the potential for further corrections. We explore the impact of geopolitical events, including Trump’s policies and international government collapses, on gold prices. The discussion also covers investor sentiment, trends in gold and silver equities, and portfolio strategies heading into the new year. Despite the volatility, Dave stresses that corrections are a normal part of a healthy market. We conclude with reflections on the year, projections for the coming months.

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

Dana Lyons, Fund Manager and Editor of The Lyons Share Pro joins me to share his market outlook for early 2025. We delve into the effects of the recent Fed meeting on markets and volatility, Dana’s internal models and their predictions, and insights from market breadth and internals. We also explore the potential risks for a longer-term bear market, the sectors that might provide refuge, and the impact of international markets. Dana shares how historical patterns and seasonality might influence the markets moving forward.

Dana is also offering a holiday special at the Lyons Share Pro. Click here to get 20% off right now. Now is a great time to subscribe if you want to effectively trade over this volatile period. 

Rick Mazur, President and CEO of Forum Energy Metals (TSX.V:FMC – OTCQB:FDCFF), joins me to review the news out to the market today which clarified and expanded upon recent Company news. We discuss the capital raise announced on December 16th, 2024, and the news which summarized the 2024 drill program, which has had 11 holes assays released thus far, and with 19 more drill holes from multiple targets that are still pending assays, on the Aberdeen Uranium Project in the Thelon Basin, Nunavut.

The Company is raising $1,250,000 which consists of a combination of shares and flowthrough units. Common shares are being purchased by its strategic investor and insiders for general working capital purposes and for the procurement of longer lead, supplies and services for next year’s drill program.  The flow-through units are being purchased by its long-term investor and supporter the Pavillion Resource Fund.

With regards to previous news assays from its 2024 summer exploration program at its Aberdeen Project, which consisted of thirty diamond drill holes covering a total of 6,962 meters; to date, Forum has received 608 geochemical results from the 11 holes at the Tatiggaq Main and West zones.  The Tatiggaq Project is located 5 kilometers from Orano’s Kiggavik deposit, and 7 of these 11 holes contained mineralization with grades on par with the style of basement-hosted uranium deposits in the Thelon Basin. There are 8 more holes to still release next at the Tatiggaq area, stepping out from the known mineralization.

In addition to those 8 holes still to release from Tatiggaq, there are 11 additional drill holes to report on that tested other highly prospective regional areas, like the Qavvik, Ned, Ayra, and Loki targets.  Rick outlines that Qavvik, like Tatiggaq already has a discovery on it, with many historic holes drilled by Cameco, so the holes put in there are expanding on the mineralization.  In contrast, the targets like Ned, Ayra, and Loki are new grassroots targets, with multiple data sets defining them as prospective to go after higher-grade unconformity-style mineralization.

We wrap up discussing the partner-funded winter drill campaign on the Northwest Athabasca Joint Venture in the Athabasca Basin, where Forum Energy Metals will be the operator and this will provide even more exploration newsflow during the winter months and into the spring.  Then after that the 2025 summer drill program will commence back at the Aberdeen Project, so there will be a steady amount of newsflow next year.

If you have any follow up questions for Rick or the team at Forum Energy Metals, then please email them into me at [email protected].

• In full disclosure, Shad is a shareholder of Forum Energy Metals at the time of this recording

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Roger Rosmus, Founder, CEO, & Director of Goliath Resources (TSX.V: GOT) (OTCQB: GOTRF), joins me to review the latest high-grade gold assay from the drill hole GD-24-249, which intercepted the Bonanza Zone returning 226.12 g/t or 7.3 oz/t AuEq near surface between 76.60 – 77.60 meters.  This section was within a larger interval consisting of 45.60 g/t AuEq or 1.5 oz/t AuEq over 5.95 meters near surface between 71.65 – 77.60 meters, as part of a high-grade area within the expanded high-grade gold Bonanza Zone at Surebet Discovery that remains wide open.

This was the next assay result returned from the lab from their 38,125 meter drill program that has now been completed at the Surebet Discovery, Jackpot Target, And Treasure Island target at the Golddigger Property, located in the Golden Triangle, British Columbia.  There are still 101 holes to report that also include: 60 holes (out of 64) drilled this year, 17 previous holes relogged with RIRG style mineralization in dykes testing reduced intrusion mineralization and 14 other separate holes relogged that were drilled between 2021 – 2023 at Surebet. Assays are pending for 12 holes drilled at Treasure Island this year as well. 59 drill holes from this year’s exploration program contained visible gold representing 92% of the holes in 2024, of which 19 (or 32%) had abundant visible gold (more than 4 recorded occurrences).

The new Bonanza High-Grade Gold Triangle, within the Surebet Discovery, delineates a zone of substantial gold and sulphide mineralization Bonanza Zone has been nearly doubled from 720 x 612 x 410 meters to 835 x 685 x 612 x 410 meters and remains wide open.   We also discuss how there are many other exploration areas and step outs that are of interest, making it far too early to start thinking of putting out a resource, and the mineralization is still growing in many different directions.

If you have any questions for Roger about Goliath Resources, then please email me at [email protected] and then we’ll get those answered or covered in a future interviews.

*In full disclosure, Shad is a shareholder of Goliath Resources at the time of this recording.

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Cale Moodie, President and CEO of Neptune Digital Assets (TSX.V:NDA – OTCQB:NPPTF – FWB:1NW) joins me to introduce this diversified crypto stock. 

Starting as a Bitcoin trust, the Company has expanded its portfolio to include various altcoins and has also embraced revenue generation methods such as staking and proof of work. Cale explains how the company manages its balance sheet by diversifying its investments beyond Bitcoin, capturing significant gains with other coins like Solana and consistently rebalancing the portfolio to stay ahead in the market. He also highlights Neptune’s approach to selecting altcoins, focusing primarily on larger market cap and high-volume tokens, while cautiously engaging with newer cryptocurrencies. 

In addition to Neptune’s altcoin strategies, Cale sheds light on their operational aspects, such as their Bitcoin mining operations and ability to generate yield from staking. With a business model that maintains a low burn rate, Neptune utilizes its operating income to continually grow its Bitcoin treasury. 

Cale also gives his outlook on the current cycle of the cryptocurrency market, explaining how strategic timing and a combination of market factors could lead to a fruitful period ahead for crypto investors. Finally, he touches on Neptune’s unique position in the publicly traded crypto realm, offering investors a one-stop shop for diversified, expertly managed crypto exposure.

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

Click here to visit the Neptune Digital Assets website.

Peter Van Alphen, President and CEO of Nuvau Minerals (TSX.V:NMC) joins me to introduce this Company that just started trading today on the TSX Venture. 

Nouveau Minerals is earning-in to be the 100% owner of the critical minerals project, the Metagami Project, located in the Abitibi region of central Quebec. This project has a history of 60 years of production and significant existing infrastructure, having been an old Glencore asset acquired through the Xtrada acquisition. 

We discuss the detailed plan for Nuvau Minerals to attain 100% ownership of the Metagami asset through staged payments and work programs, aiming for completion by March 2025. Peter highlights the strategic importance of the Metagami Lake mill, which is crucial for the company’s operations and the lack of other processing facilities in the region. We also cover the exploration activities undertaken over the past two years and the defined resources, including new discoveries. Additionally, I have Peter provide an overview of the experienced team behind Nuvau Minerals, featuring industry veterans from FNX, Lakeshore Gold, and Premier Gold. We wrap up with a general outline of upcoming catalysts and news-flow, including exploration updates, operational restart plans, and finalizing agreements with Glencore.

Please email me with any follow up questions for Peter. My email address is [email protected].

Click here to visit the Nuvau Minerals website.

Mark Brennan, Founder and Executive Chairman of Ascendant Resources (TSX: ASND) (OTC: ASDRF), joins me for a comprehensive review of all the ongoing derisking work moving the polymetallic Lagoa Salgada Project in Portugal towards a construction decision by the end of next year.

We start off with Mark recapping the key metrics from the Definitive Feasibility Study released on the Project in June of 2023, which outlined a NPV 8% post-tax of US$147M and an IRR of 39% and a relatively low capex of US$164 million.  We then shifted to the ongoing Optimization Studies to continue to look for efficiencies in metallurgical recoveries, for mine development and site layout, as well as the remaining key permitting timelines.

Shifting over to the capital stack coming together to finance the build of the Lagoa Salgada Project consists of the recent ECA Support Non-Recourse Project Financing, negotiations for the additional upsizing of the Sprott stream, the potential for a mineral offtake agreement to augment the financing, with only a very small portion left to fund through equity.

We wrap reviewing the unique fundamentals of the polymetallic zinc – lead – copper – tin – gold -silver resource that is open for expansion by continued exploration along the Iberian Pyrite Belt, and all the key milestones and catalysts on tap for 2025.

If you have questions for Mark regarding Ascendant Resources, then please email me at [email protected].

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