Junior Resource Investing

“We’re definitely betting on ourselves here": Why 2025 Could be the Year for Tocvan Ventures

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.

"Ticking All The Boxes": Why Oroco’s Santo Tomas copper project has what it takes to be a mine.

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.

"Ticking All The Boxes": Why Oroco’s Santo Tomas copper project has what it takes to be a mine.

Companion Article: https://juniorresourceinvesting.subst...
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.

"This is a big project with significant scale that will get a lot of interest." Thesis Gold Feb 2025

Companion Article: https://juniorresourceinvesting.subst...
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.

Founders Metals Bags Another Brand New Discovery, Plus an Intro to VPX Pascal Voegeli

Link to companion article: https://juniorresourceinvesting.subst... The rate that Founders continues to put new discoveries on the board is impressive, this time the impressive initial results coming out of the Da Vinci target that has seen strong grade in all 5 holes released to date, including 21m of 3.24 g/t Au and 36.0 m of 2.21 g/t Au. CEO Colin Padget joins me again along with VPX Pascal Voegeli for the first time. This one is a must listen - lots of great insights into their methodology and updates on a wide range of soon-to-be drilled targets. It seems strange to say after the run Founders has had, but they might yet be at another inflection point in terms of the potential and demonstrated scale of their Antino land package. And with four rigs and four surface teams, the rate of discovery is only going to get faster in 2025.
Time Stamps
01:00 Intro to Pascal and the Evolution of his Responsibilities with Founders
08:00 When did you realise you had something special with Antino?
12:00 What part of this story you think the market doesn’t fully grasp yet?
14:00 Discussion of Da Vinci News Release
19:45 Size of this discovery at Da Vinci
22:00 How high confidence is your above ground exploration in identifying below ground discoveries?
25:45 Conversation about new targets that haven’t been drilled yet.
32:15 Where are you at with Lawa
37:00 Where are the rigs, and, assays outstanding?
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.

Giga Metals: Getting Back to Business to Search for New High Grade

With nickel sentiment and price continuing to suffer, CEO Mark Jarvis joins me to discuss Giga’s recent plans to explore for game-changing high grade. Giga's Turnagain deposit is one of the largest nickel deposits in the world, but with mediocre grade, its bulk tonnage advantages are muted in such dramatic nickel downturns as now. So, rather, than sitting still and waiting for nickel sentiment and price to return, Mark Jarvis and his team at Giga have proverbially decided to play offence instead of defence and have brought in international nickel expert Dr. Steve Beresford to approach Turnagain with a fresh perspective dedicated at discovering heretofore unfound high-grade deposits around and beneath its massive Turnagain project. CEO Mark Jarvis joins me to discuss these plans and what it will take to develop a new slate of drill-ready targets.
Time Stamps
00:10 Intro
1:30 Introduce the news release
8:00 Expand more on the work that needs to be done before these targets are drill-ready.
11:30 Are all targets within the existing footprint or are you looking elsewhere as well?
13:00 More on the Volkovsky-style? What is that?
19:00 Can you give us timelines on when we might expect more detailed plans/updates?
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.

Founders Metals Does It Again: A Brand New Discovery at Lower Antino

Time Stamps Below
Companion Article Found here: https://juniorresourceinvesting.subst...
Bought deals, big board members, and bonanza grades - 2024 has been a heck of a year for Founders Metals (FDR.V). So despite all its successes, you might wonder why yesterday’s news release - 81.9m of 1.01 gpt au - managed to goose the share price some 12%. Colin joins me to provide some context on why these results are such a big deal to what is already an exciting story.
Time Stamps
1:00 Intro to News Release on Initial Drill Results
03:30 The East Structure that “missed”
05:30 Where is the channel sampling in relation to the results
07:30 Hole 3 - 81.9m of 1.01 gpt Au Discussion – Any evidence about where you are in the system from the rocks themselves?
09:00 Discussion of size – length, true width, specific gravity of rocks, number of holes drilled
14:00 What is the significance of this greenfield discovery – does it contribute to your understanding of the systems, does it confirm your working model, etc. How important is it tor your story?
20:15 What other results are coming
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.

Balancing Development and Discovery: How Alaska Energy Metals Aims to Create Shareholder Value

Written Summary and Companion Article: https://juniorresourceinvesting.subst...
I have CEO Greg Beischer on to talk developments in the AEMC story with him. We discuss current exploration at their Eureka and Canwell nickel targets, how AEMC has responded to adverse macro nickel conditions, AEMC’s Quebec project and its priority status within the company, and upcoming catalysts leading up to an inaugural PEA in mid-2025. AEMC has pushed hard in a tough market to advance its project and its story.
Time Stamps
00:45 (Re)Intro to AEMC & Update
07:30 Mine Development Strategies
12:40 Current Eureka and Canwell Exploration
17:15 The Nickel Market And Its Impact
23:00 The Quebec Project And Nickel Pivot?
29:30 Future Catalysts and Final 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.

All the Elements of Success: Intro to Cassiar Gold & Why it (Still) Has What it Takes to Succeed.

Companion Article and Summary at: https://open.substack.com/pub/juniorr...
I have on Cassiar Gold Corp for the first time. If you’ve been active in this space the past few years, there’s a good chance you have come across this one. They burst onto the scene with new management and a new land package just in time for the mini-bull run from 3 or so years ago. However, like many in the junior explorer sector, good work has fallen on deaf ears the past few years. CEO Marco Roque joins me to discuss Cassiar and why it remains on track to successfully discover, expand, and sell a major resource.
Time Stamps
1:00 Elevator Pitch – The People
4:30 Elevator Pitch – Infrastructure
08:10 Met Work
10:20 Exploration Potential and Current Drill Campaign
14:00 Cost of Drilling All In
16:00 When can we expect a new MRE and explain your strategy going for inferred vs upgrading ounces
20:00 Why did the previous operator move on?
23:30 How do you effectively explore such a large land package
26:45 Rationale behind no PEA yet
31:15 is there a resource size you believe is critical mass required to release a PEA?
32:45 Is there anything you would do differently in hindsight over the past few years?
38:00 Has your strategy shifted away from the mill?
42:30 Final 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 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.

Founders Metals: Bringing On Chris Taylor and B2 Gold to One of the Biggest Stories in the Industry

Back with Colin Padget and Founders Metals. It has only been a couple months since our last sit down, but the news flow Founders has put out since justifies another catch-up chat. Here, Colin fills me in on their new board appointment (one Chris Taylor), the recent $20m bought deal and $12+m strategic investment, & the requisite drill update/upcoming catalysts drill talk.
Time Stamps 01:30 Chris Taylor Getting Involved
6:00 Bought Deal and B2 Gold
14:00 Exploration Update]
17:15 Lawa Update and Final 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.