Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to review the value proposition that has his attention from recent corporate news and strategies from 3 silver, copper, and gold explorers that have recently press-released significant company milestones.

• The companies we discussed in the interview are:

* Silver Bow Mining Corp. (NYSE American: SBMT) – On May 4, 2026 the Company announced that surface drilling has commenced at the Company’s Rainbow Block Project in the Butte Mining District of Montana, marking the launch of its 2026 exploration program.

The 2026 program is designed to advance the Company’s understanding of mineralization across the Rainbow Block and to support ongoing evaluation of priority silver, gold, zinc, and lead targets. The surface drill program is expected to include approximately 25,000 feet of drilling on Company private lands and test areas adjacent to the Company’s previously announced Inferred Mineral Resource Estimate of approximately 170 million silver equivalent ounces at 14.8 oz/ton (or 4.28 oz/ton Ag, 0.05 oz/ton Au, 1.25% Pb, and 4.59% Zn).

* Barksdale Resources Corp. (TSXV: BRO) (OTCQB: BRKCF) (FSE: 2NZ) – On May 4, 2026 the Company announced assay results from the first four holes of the 2026 reverse circulation drill program on its flagship Sunnyside Project located in Arizona, USA. Assay results show several broad areas of shallow, high-grade copper-zinc-silver mineralization hosted within the Sunnyside Monzonite Porphyry.

Highlights include:

• 0.45% Cu over 392.19m from 3.05m to 396.24m in hole SUN26-002R including:
  • 0.90% Cu over 60.96m from 173.74m to 234.70m
  • 0.93% Cu over 60.96m from 265.18m to 326.14m
  • Hole ended in mineralization

• 0.29% Cu over 454.15m from 3.05m to 457.20m in hole SUN26-001R including:
  • 0.95% Cu over 39.63m from 248.41m to 288.04m
  • Hole ended in mineralization

* Headwater Gold Inc. (CSE: HWG) (OTCQX: HWAUF) – On April 28, 2026, the Company announced results from the recent core drilling program at its TJ Project in Elko County, Nevada. The program was fully funded by OceanaGold Corporation (TSX: OGC, NYSE: OGC) pursuant to the earn-in agreement announced October 15, 2025.

Highlights:

• Highest gold grades to date: Core drilling returned grades up to 5.61 grams per tonne gold (“g/t Au”), confirming the presence of a high-grade epithermal vein system below the surface sinter. 
• Large, dynamic hydrothermal system confirmed: Drilling intersected 100 m thick hydrothermal breccia intervals, syn-mineral intrusions and multiple phases of epithermal veining across more than 500 metres of strike length.
• System open and expanding: Drilling has tested only a small portion of the system, but mineralization remains open at depth and along strike. The Company recently expanded the TJ land position by 88% (to 1,990 hectares) to cover the prospective northern continuation of the TJ graben. 

 * 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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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, and companies profiled may be sponsors of the KE Report.