Lab Report | Oct 7 Deep Dives on Southern Cross, Goliath, Prospector Metals, and Vizsla

CEO.CA Oct 7, 2026 1:04:05

Summary

Valuing drill intersections per gram of in-situ metal is a quick way to compare high-grade hits and bulk tonnage on equal terms.

Closer-spaced infill drilling that lifts grades, as at Southern Cross Gold, signals a system improving like a mine rather than shrinking.

Goliath's broad low-grade zones between high-grade veins could suit block caving, bulk underground mining at roughly open-pit cost.

A mineral resource estimate published before the mining method is settled can cap a project's value; follow it quickly with economics.

Sentiment lags the metals: gold, silver, and copper are in bull markets while junior mining equities still price like a bear market.

The host notes Fosterville — one of the world's great high-grade gold mines and his benchmark for Sunday Creek — is currently owned by Agnico Eagle, which bought it from Kirkland Lake.
He calls Agnico Eagle one of his favorite major gold mining companies.

In the Prospector Metals discussion, the host notes B2Gold is a backer of the company.

The host notes the former Pretium Brucejack mine is now one of Newmont's tier-one mines.
He argues Goliath's Surebet discovery could grow into a comparable tier-one mine of the kind Newmont owns.

Hole 56 extended the Tes zone with 41.34 g/t gold over 7.81 m, including 130 g/t gold over 2.25 m; the host, valuing rock at roughly $130 per gram of contained gold, calls that very valuable material over easily minable widths.
The 2026 program is complete at about 100 holes and 20,000 m, but assays have been received for only 16 of 84 holes with six released, so the host sees substantial news flow still ahead.
CEO Rob Carpenter reports the Tes structural corridor is now traced for at least 400 m with drill-confirmed high grade over at least 100 m, and 3D interpretation points to multiple stacked, high-grade plunging zones within a dynamic fault zone resembling Canadian Shield systems.
The host hears echoes of Alaska's Pogo mine in the stacked-vein setting and stresses that the drill holes are starting to line up — in his words, 'grade plus continuity is king.'
He calls the ~$142 million valuation reasonable, places the stock in the bottom third of the sweet spot on his Lassonde Curve, and suspects it is a 2027 story; the first 2026 assays triggered a sharp sell-off he attributes to market action rather than weak results.

Top takeaway His central thesis on this Oct 7, 2026 episode: gold, silver, and copper are in bull markets while mining stocks are still priced on his bear-market Lassonde Curve as if the metals were worth half their current values — a gap he argues is a big opportunity for investors.
He endorses Robert Friedland's Mining Forum Americas keynote, urging investors to back juniors, developers, mid-tiers, and majors alike because metal supply chains are not in shape for the demand already here.
His calls on the show: Southern Cross is one of the only names deserving bull-market Lassonde Curve treatment, Goliath is a potential tier-one discovery at a modest valuation, Prospector is likely a 2027 story, and Vizsla sits at the bottom of his sweet spot with a strong portfolio.
He lays out his method: value rock per gram of contained metal, insist on 'grade plus continuity,' and treat the drill rig as the 'truth machine' that separates mines from shrinking exploration footprints.
He positions himself strictly as an idea generator rather than an adviser, telling viewers to do their own homework and consult licensed advisers before any investment decision.