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Company Interviews From This Week – NVO KTO KTN CGC WRLG BRC FNM SCOT KUYA TSG DRY

Cory
May 11, 2025

This is our standard Sunday posting on The KE Report Substack.

Check out all the postings by clicking here. 

 

This week’s interviews feature high-grade gold and silver hits, pre-feasibility economics, mine restart strategies, and production ramp-ups across Canada, the U.S., Brazil, and Scandinavia. If you’re tracking catalysts in the junior mining sector, don’t miss these updates.


Novo Resources (TSX.V: NVO) – Drilling Plans Expand at John Bull

Gold anomaly extended, and the drills are turning.

  • Recent soil sampling revealed a much larger anomaly than expected.

  • John Bull is shaping up as a core 2025 target for Novo.

  • Follow-up drilling is underway with assays expected soon.
    🎧 Listen to the interview


K2 Gold (TSX.V: KTO) – Mojave Project Advances with EIS Draft

Drilling is back on the radar at this U.S. gold project.

  • The Draft Environmental Impact Statement is now published.

  • Exploration could resume in H2 pending approvals.

  • K2 remains focused on expanding this oxide gold system.
    🎧 Listen to the interview


Kootenay Silver (TSX.V: KTN) – Drill Results Fuel Maiden Resource Plans

Columba is growing into a high-grade silver project.

  • Strong silver hits continue from the latest drill program.

  • Step-outs are expanding known veins and identifying new ones.

  • A maiden resource estimate is on track for late 2025.
    🎧 Listen to the interview


Canadian Gold Corp (TSX.V: CGC) – Restart Strategy for Tartan Mine

High-grade Manitoba mine could come back to life.

  • New CEO outlines a path to restart the historic Tartan Mine.

  • Drill programs are underway to upgrade and expand resources.

  • Early-stage engineering studies are also progressing.
    🎧 Listen to the interview


West Red Lake Gold Mines (TSX.V: WRLG) – Bulk Sample Beats Expectations

Reconciliation results from Madsen impress.

  • The bulk sample program shows higher-than-modeled grades.

  • These positive results support the restart thesis at Madsen.

  • Further processing data expected this quarter.
    🎧 Listen to the interview


Blackrock Silver (TSX.V: BRC) – Monster Grades at Tonopah West

Multiple kilo-plus silver hits drive excitement.

  • New assays include 3,182 g/t AgEq and others over 1 kg/t.

  • Drilling is targeting extensions of known high-grade zones.

  • Project remains one of the highest-grade undeveloped silver plays.
    🎧 Listen to the interview


First Nordic Metals (TSX.V: FNM) – BOT Results at Nippas and Drilling at Aida

Setting up for a major drill test in Sweden.

  • BOT sampling supports strong structural gold targets at Nippas.

  • Aida target is about to see diamond drilling begin.

  • Assays are pending for multiple zones.
    🎧 Listen to the interview


Scottie Resources (TSX.V: SCOT) – Resource Estimate Lays Foundation

Moving toward PEA with a DSO model.

  • Maiden inferred resource offers flexibility for development.

  • Company targeting high-grade direct shipping ore scenario.

  • PEA expected to outline a streamlined capex path.
    🎧 Listen to the interview


Kuya Silver (CSE: KUYA) – Production Ramping Up at Bethania

Q1 shows clear progress toward full production.

  • Output continues to rise as the company targets 350 tpd.

  • Optimization underway to improve recovery and throughput.

  • Phase 2 planning hints at expansion potential.
    🎧 Listen to the interview


TriStar Gold (TSX.V: TSG) – PFS Shows Robust Economics

Big upside at Castelo de Sonhos at $2,200 gold.

  • After-tax IRR of 40% and NPV of $603M at base case gold.

  • Sensitivities at $3,200 gold push NPV to $1.3B.

  • Updated mine plan and capex profile looks manageable.
    🎧 Listen to the interview


Dryden Gold (CSE: DRY) – Bonanza Intercept in New Discovery

Over 3,000 g/t gold in new hanging wall zone.

  • 3.90m @ 301.67 g/t Au, including 0.60m @ 1,930 g/t Au.

  • New discovery at the Elora system could open up more zones.

  • Follow-up drilling is now the focus.
    🎧 Listen to the interview


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Have questions for any of the companies? Or want us to interview others?
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Discussion
19 Comments
    May 11, 2025 11:41 PM

    The TSX-V broke out of a long base 3 weeks ago and is strengthening.
    https://schrts.co/xxCSNrWx

    Reply
    May 11, 2025 11:51 PM

    Pan American Silver Announces Agreement to Acquire MAG Silver Corp.
    https://finance.yahoo.com/news/pan-american-silver-announces-agreement-021900101.html

    Reply
      May 12, 2025 12:54 AM

      I wonder why Fresnillo did not buy MAG? What do you think of WRLGF? This is the 100th anniversary of the birth of little Lorenzo Pietro Berra, America’s greatest philosopher and winner of 10 World Series and 14 AL pennants as a player. Hail Yogi!

      Reply
        May 12, 2025 12:06 AM

        It could be double topping here but I doubt it. I think it’s going higher imminently and will soon be challenging last year’s high.
        https://schrts.co/DVaCJvrc

        I do not own it.

        Reply
          May 12, 2025 12:13 AM

          WRLGF priced in gold (GLD):
          https://schrts.co/qgKQYJcc

          Reply
          May 12, 2025 12:32 AM

          Thanks, Matthew. I bought WRLGF@ .49, .50, and .51 and think it could be a 10 or 20 bagger one day.
          I got some CDE for my Silvercrest shares in March and then bought more@5.60. It fell to 5.2 and then shot up last week.

          Reply
    May 12, 2025 12:39 AM

    I’m thinking gold could hold at $3200. DT

    Reply
    May 12, 2025 12:05 AM

    MONDAY……………..
    Should be interesting today……. expect the unexpected…..May is maybe day….. 🙂

    Reply
    May 12, 2025 12:31 AM

    PGE keeps climbing like a winner!

    https://schrts.co/nXiTczQP

    Reply
      May 12, 2025 12:58 AM

      PGE has more than doubled in one month. It reminds me of Howdy Doody’s brother Double Duty! LOL! DT 🤣🤣🤣

      Reply
      May 12, 2025 12:48 AM

      The weekly and monthly versions of your chart look even better.

      Reply
    May 12, 2025 12:35 AM

    Waiting on drill results from West Red Lake Gold on the South Austin zone at Madsen, there should be a plethora of news in the near future as the Madsen Mine ramps up. DT

    Reply
    May 12, 2025 12:27 AM

    So much for the GSR’s shot at a higher high…
    https://schrts.co/TeZNtyXY

    Reply
    May 12, 2025 12:40 AM

    SILJ:GDX gapped-up over 6% today and has filled half of it so far. This is obviously bullish and easily the reason IPT is up 8% versus SILJ at the moment.
    https://schrts.co/DeyrYnQZ

    Reply
    May 12, 2025 12:42 PM

    Interesting high today for CDE:GLD; time for a pullback?
    https://schrts.co/dEvrTFbh

    Reply

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