JRI – Junior Resource Investor

​@foundersmetals
Time Stamps Below

Link to companion article:
https://juniorresourceinvesting.substack.com/p/founders-metals-extends-van-gogh

Back again with Founders Metals (FDR.V). They’re officially north of $6 CAD these days, breaking through ATHs alongside gold. And well-deserved considering the news they’re releasing. 72m of 2.29 gpt Au extending Van Gogh to depths of 200m, after opening it up with 28.5 of 7.12 g/t from 18.6m down.

This is yet another major discovery for Founders, and even more excitingly, the first brand new discovery, without historical workings or exploration to guide them. This certainly bodes well not just for Founders’ mastery of Antino, but the sheer size of the potential on display down here as well.

I also do a little math based on Agentis work to rank Founders’ Antino project globally.


Time Stamps

01:30 Overview of Van Gogh Discovery and Its Significance to Antino
03:20 Geological Discussion of Holes 1-4 at Van Gogh
09:20 Current and Future Drilling Plans
12:45 PDAC & Suriname Day Insights
15:25 FDR’s Global Ranking for Top Holes and Overall Industry Recognition
16:45 Closing Thoughts


Disclaimer

The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

​ @tocvanventures Time Stamps Below

Companion Article:
https://juniorresourceinvesting.substack.com/p/tocvan-ventures-reports-strong-drill

Tocvan Ventures (TOC.CN) is moving again. With the drill turning, they are starting to receive positive results from the lab that certainly appear to confirm management’s belief in their Gran Pilar project. Strong gold mineralisation has been intersected in the first-ever handful of holes drilled outside the Main Zone, expanding the known orebody some 100-200m to the north. In addition, infill drilling along a separate, parallel, zone also came back unexpectedly positive. With drilling ongoing, it’s certainly exciting times for Tocvan.

CEO Brodie Sutherland joins me again to chat drill results, assay reporting methodology, and bulk sample plans in a quick exploration update.


Time Stamps

01:05 February 25th Drill Results
05:55 March 11th Drill Results
09:10 Assay Reporting and Grade Distribution
13:20 Bulk Sample Overview
19:10 Outlook for 2025 and Closing Remarks

Disclaimer

The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

​@arizonagoldsilver Time stamps and link to companion article below.

Link to Companion Article:
https://juniorresourceinvesting.substack.com/p/on-site-series-4-arizona-gold-and

Last month (Feb. 2025), I traveled into the Mojave Desert of northern Arizona to take in Arizona Gold & Silver’s (AZS.V) Philadelphia Project. This is a strong project, with effective leadership, a strong unofficial resource, and significant potential for further growth (both short and long term).

And the timing was excellent, as AZS is at a critical juncture in its growth as a company currently.

That is because the ongoing drill campaign is looking to accomplish two key goals:

1. Firstly, it is expanding and infilling the known areas of mineralisation along strike of AZS’s Arabian Fault. The Arabian Fault express at surface for over a kilometer and contains lengthy swaths of consistent lower-grade mineralisation. Cheap to drill, and will almost certainly be cheap to mine.

2. Secondly, and most critically, after years of preparation, AZS is finally ready to drill its Red Hill target, the theoretical boiling zone source for the Arabian Fault. Confirming their working model with thick and healthy intercepts on this target will significantly improve the blue sky numbers on Philadelphia as it is currently understood.

And with 100+ years of mining in the region, it is well known what success looks like. And, well, AZS certainly seems to have found some success. Watch the video to learn more about this and my overall thoughts on AZS and Philadelphia.

Time Stamps:

01:10 Intro
05:30 Current Drilling
08:00 Drill Core Preview
12:00 Red Hills
14:20 Arabian Fault
18:00 The Drill
19:40 Reflections



Disclaimer

The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

​@contangoore9949 Time Stamps Below

Important Note: If you like my work, please click through here and subscribe to CTGO's newsletter so they can track the following I can bring to their story:

https://why-invest-in-contango.com/

Companion Article:

https://juniorresourceinvesting.substack.com/p/contango-ore-producing-high-grade

Intro

Contango Ore (CTGO) is a smartly-run company that is currently serving as proof-of-concept to the market for a novel production model which CTGO calls its “direct shipping ore” (DSO) model. DSO is a streamlined and aggressive model that works to bring small, high-grade deposits to production fast by utilising a hub-and-spoke toll-milling strategy.

At stage one of this plan, CTGO is forecasting 60,000oz of high-grade gold worth some US$40 million to them this year.

Now, some challenges have produced some short-term pain on the ledger and in charts for CTGO. However, I fundamentally believe the long-term value proposition here still remains significant, intact, and likely.

And it is that disconnect that exists here that makes Contango especially so compelling to me currently. You’re getting a solid, cash flow positive gold producer with clear line of sight to improvement of existing margins in addition further production growth for very low valuation multiples.

Sounds like the recipe for success.

Time Stamps
00:45 Intro to Contango and the DSO Model - Benefits and Risks
14:00 Intro to Manh Choh - Its economic impact and life of mine.
18:10 Operational Performance & Financials
25:00 Johnson Tract Discussion - What is and should be its role in CTGO portfolio
33:10 Current Issues and Risks
38:00 The Year Ahead


Disclaimer

The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

This past January, I traveled to Vancouver to take in a trio of conferences:

The Metal Investors Forum (MIF)
The Vancouver Resource Investment Conference (VRIC), and
AME Roundup

This video is meant to be a sneak peek for people unable to attend as well as an opportunity to listen to companies speak who stick out to me as strong potential investments.

Company Interview Time Stamps
02:12 Founders Metals (Colin Padget and Pascal Voegeli)
09:45 Fathom Nickel (Ian Fraser)
11:55 Cosa Resources (Keith Bodnarchuk)
15:45 Oroco Resource Corp (Ian Graham)
21:17 Kodiak Copper (Claudia Tornquist)
24:26 Arizona Gold & Silver (Mike Stark)
28:00 Sitka Gold (Mike Burke)

​ @tocvanventures TIme Stamps Below

Companion Article:


Tocvan Venture (TOC.CN) remains one of my top picks. It’s a tightly-held and smartly-managed gold explorer/developer operating its Gran Pilar flagship project in the world-class mining district of Sonora, Mexico. Sonora is among the cheapest places in the world to both explore and produce gold.

Tocvan is working to defy the typical junior exploreco model tbat relies on M&A to produce a happy ending. Rather than relying on a buyer, given the remarkably low economic hurdles that are to be found in Sonora as an at-surface heap leach project, CEO Brodie Sutherland is preparing for Tocvan to bring Gran Pilar to production themselves.

In pursuit of this, Tocvan is months away from initiating a 50,000 tonne bulk sample heap leach. This pilot-stage mining will be conducted on site and will provide critical insight into overall grade as well as opportunities to fine-tune processing and recovery methods. The data this bulk sample will provide will go a long way in confirming and establishing the potential of Gran Pilar

With a MRE and PEA also expected to follow roughly by the end of the year, Tocvan is approaching a potential inflection point. Indeed, if they execute successfully in 2025, Tocvan’s potential both as an explorer (drilling outside Pilar Main for the first time ever) producer (recovery rates, head grade, final concentrate characteristics, etc.) will have been both confirmed and expanded in critical ways. This could get exciting.

Time Stamps
03:00 2024 Review and 2025 Preview
07:00 Ongoing Drill Program
18:00 Initial Mineral Resource Estimate & PEA
30:00 Pilot Test Mine, Catalysts, and Goals
40:00 Final Thoughts & Outlook for 2025

Disclaimer

The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

​@orocoresourcecorp.8054 Time Stamps below:

Companion Article:
https://juniorresourceinvesting.substack.com/p/ticking-all-the-boxes-why-oroco-resources

A new company to JRI - Oroco Resource Corp is a copper porphyry developer operating in Sinaloa, Mexico. With 6 billion pounds of payable copper (including inferred), OCO’s Santo Tomas project is no small thing, and with a tiny 1.38:1 strip ratio, strong metallurgy, and solid economics, there’s a lot to like with Oroco.

However, Oroco has taken on some chart damage from its dizzying highs a few years back, and Mexican jurisdictional concerns more recently (cartel violence in Sinaloa and potential federal open pit restrictions) have only added to the downward pressure.

President Ian Graham joins me to discuss Santo Tomas, and how Oroco plans to get back up off the mat to make sure Santo Tomas meets with a happy M&A ending.

Time Stamps
04:30 Financing, PFS Planning, Getting Institutions on Board
8:10 Leapfrog Overview of Deposit and Future Drilling
12:00 Likelihood of Pillar Being Mineralised Enough to be in a Resource, Increasing South Zone ore tonnes.
15:30 PFS Schedule and Proximity to River/Reservoir and Potential Issues
23:45 How Oroco checks all the boxes that turn a deposit into a mine
27:00 Current Shareprice Thoughts – Mexican Open Pit Concerns and Potential Legislative Changes to Mexican Mining Laws
38:50 Oroco’s Challenging Chart History



Disclaimer

The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

​ @thesisgold1473 Time Stamps Below
Feb. 10, 2025 Publication

Companion Article:
https://juniorresourceinvesting.substack.com/p/this-is-a-big-project-thesis-gold

Thesis Gold CEO Ewan Webster joins me again for a company update. Thesis continues its growth - both of its Lawyers-Ranch project (4.7m oz, 4.2m oz M+I) and of itself as a company and continues to offer a compelling valuation opportunity for investors - a lot of potential reward for not a lot of risk.

Ewan discusses with me Thesis' recent hires (Dr. Evan Orovan as Chief Geo and Kettina Cordero as VPIR), their advanced efforts in taking Thesis through the feasibility studies process, neighbour Amarc Resource's incredible new porphyry discovery, Thesis' own future discovery plans, as well as a brief discussion of Thesis' finances

Time Stamps
01:00 Transitioning into a Developer
04:30 Plans for Further Exploration and Resource Expansion
09:00 New Hires and Thesis’ Growth
10:45 Thesis and Toodoggone in the Market (The Recent Amarc Discovery)
18:45 Financials and Spending
29:00 Final Takeaways


Disclaimer

The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

​@sitkagoldcorp3049

Time Stamps Below

Link to companion article:
https://juniorresourceinvesting.substack.com/p/the-power-of-discovery-a-conversation
​
Here's a video I produced while attending AME Roundup 2025.

Sitka Gold (SIG.V) is a ticker I came across a couple years back and liked them - good jurisdiction, good potential - but never followed up with properly and they gradually drifted off my radar. But recently, I've rediscovered them, and at a good moment in good time, too - an impressive recent resource update and a large, 30,000m, campaign slated for 2025 has Sitka at a very exciting stage in its development - that hopeful, blue sky expansion from a single discovery and deposit into multiple that drives a company's rerating.

VP of Corporate Development Mike Burke joined me for a few minutes while we were at AME to talk Sitka, what it has, and what it is building to preview a potentially transformative year for Sitka.


Time Stamps

00:10 Introduction to Sitka - and its 2025 plans
07:49 Technical Parameters
11:43 Metallurgical Progress
15:47 Future Exploration Plans and Potential
19:40 Strip Ratio Discussion


Disclaimer

The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.