Erik Wetterling – Value Proposition In Goldsky Resources and Kirkland Lake Discoveries
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to review the value proposition that caught his attention from post conference meetings and based on recent news from 1 gold developer/explorer and 1 earlier-stage gold exploration company; both going after drill targets on large potential Tier-1 deposits that would be of interest to senior producers if discoveries are made.
>> The companies we discussed in the interview are:
- Goldsky Resources Corp (TSXV: GSKR) (FNSE: GSKR SDB) (OTCQX: GSKRF) (FRA: HEG0)
- On January 28th, 2026 the Company announced that it entered into a definitive agreement with Agnico Eagle Sweden AB, a wholly-owned subsidiary of Agnico Eagle Mines Limited, pursuant to which Goldsky has agreed to acquire the remaining 55% interest in the Barsele Gold Project in Sweden from Agnico, resulting in Goldsky consolidating 100% ownership of Barsele.
- On February 3rd, 2026 the Company announced commencement of the 2026 winter drilling season at its 100% owned Rajapalot property in Northern Finland. Four diamond drill-rigs have been mobilized to site over the past weeks and have begun a 10,000 meter drilling program.
- Kirkland Lake Discoveries Corp. (TSXV: KLDC) (OTCID: KLKLF)
- On January 22nd, 2026 the Company announced an update on its ongoing, fully funded 25,000-m diamond drilling program at its KL West Property in the Kirkland Lake region of Ontario. Recent drilling and associated geochemical results have confirmed altered syenite intrusions as a primary control on gold mineralization at the Wolverine Bend target. These results validate the Company’s exploration model and significantly expand the interpreted scale and style of intrusion-related gold mineralization along the Winnie Lake Stock (“WLS”) contact corridor.
- ON December 18th, 2026 the Company announced that it has entered into a definitive agreement with Orecap Invest Corp. providing for the acquisition of the Mirado Gold Project, a 2,500-hectare property hosting an inferred historical resource of 10.6 Mt at 1.29 g/t for ~442,000 oz Au with strong opportunities for near-resource expansion and regional discovery.
* 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.
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The reason why a lot of gold mining juniors have not gone up is because western society is still not interested in precious metals and some still believe that they should short them. The West is still stuck in an era where precious metals aren’t important. If the public in the West inherits gold they would probably sell it because they want the profit not realizing that this commodity is going much higher. In Canada our Government sold all our gold reserves 10 to 15 years ago, and if the government doesn’t see the point why would the citizens. In China and India and much of the rest of The Asian population they encourage their people to buy precious metal.
Nobody knows how much gold is owned by China because they don’t want to rattle The West while they accumulate, and in the US their Government won’t audit their gold holdings because they don’t want transparency. Some day we will find out why The US gold reserves haven’t been audited. Western governments still believe that fiat currency is the way to go because their economies would collapse if they don’t keep running the printing presses but this attitude keeps most of the public poor because it causes inflation.
But in Asia where they like precious metal their standard of living has increased significantly and will continue to do so. DT
SK of Dolly Varden appears on Arcadia Economics today spimning a stor how the old time miners of yesteryear stopped mining because they were only getting $0.85/oz for silver. And bingo….he has found all that silver still sleeping there.