Jun 28, 2026 · 1h 9m
Gold exploration meets quantum computing in a thin market
S11 Ep84: Sunday Roast featuring Talon Resources and Delta Gold Technologies #TAR #DGQ #REV #AJAX #ZEN
The episode connects early-stage resource investing with quantum technology’s race for stability, scale, security, and strategic backing.
- 1Talon Resources is preparing to drill its Eagle Lake gold project after identifying high-grade indicators and AI-assisted exploration targets.
- 2Delta Gold Technologies is pursuing nanoscale gold and qubit technologies through patents, university collaborations, and government engagement.
- 3The hosts link an upcoming uranium IPO and constrained liquidity to broader shifts in investor attention and nuclear-power interest.
Don't miss
Michael Martinez explains how Delta Gold Technologies is positioning nanoscale gold and qubit development within quantum computing’s security and national-strategy stakes.
The brief
The hosts open on unusually thin market liquidity before turning to Talon Resources, whose Eagle Lake project in Ontario combines historical high-grade indicators with a planned drilling campaign.
Alex King describes Talon’s use of Mineralogist’s Cambridge-origin AI platform alongside fieldwork and drilling, arguing that machine-learning targets can sharpen exploration across greenstone-belt geology.
Michael Martinez presents Delta Gold Technologies’ quantum ambitions, including nanoscale gold, qubit design, university-linked patents, and the unresolved challenge of making quantum systems stable and scalable.
The quantum discussion broadens into cryptographic threats, government interest, and national strategy, with Delta weighing relationships across Canada, the United States, and the United Kingdom.
The episode closes with an upcoming uranium IPO, Italian assets, institutional backing, and a tight share structure, while the hosts consider how liquidity is being redirected elsewhere.
What was said on this episode
28 statements · 23 positive · 2 negative · 3 neutral
Talon will immediately undertake a fully funded Eagle Lake exploration program.
“Initially, we're focused focused on a project called Eagle Lake in Northwest Ontario. We've got a fully funded exploration program that we'll be hitting the ground running and undertaking almost immediately.”
Listen at 3:50
Talon is funded and capitalized to complete 2,000 metres of Eagle Lake drilling.
“we are fully now funded and capitalized to undertake that 2,000 meters of drilling.”
Listen at 8:21
NexGold’s Goliath complex contains 2.9 million ounces and is pre-production.
“the NexGold Mining Goliath complex, which is 2.9 million ounces in pre-production.”
Listen at 14:06
Mineralogist’s platform can process very large datasets rapidly.
“this platform will process unbelievable amounts of data lightning fast.”
Listen at 16:18
Mineralogist will receive a 25% free carry in qualifying projects it helps identify.
“if their platform comes up with some targets that we do follow up on and do ultimately become, you know, you know, a project that moves towards a resource, they'll get a 25% free carry in that.”
Listen at 18:02
Archean greenstone belts are expected to continue producing substantial gold.
“they are demonstrably producing a lot of gold in the future as well.”
Listen at 19:46
Gold’s underlying fundamentals are strong and pricing may represent a new normal.
“we're very bullish that, you know, the underlying fundamentals are strong and, you know, the market may be, may be cyclical as they always are, but, you know, we're— there is this kind of new normal, as they call it, in the, in the pricing for gold.”
Listen at 21:27
Talon will split its 2,000-metre campaign into two adaptive 1,000-metre stages.
“we can do the first 1,000 meters, step back, rationalize, assay, log the cores, and then that second 1,000 meters is— we're building with a much greater understanding of what the deposit's doing”
Listen at 25:13
Talon will not mobilize drill rigs solely because Mineralogist identifies a target.
“We won't be mobilizing drill rigs just simply on the fact that, you know, the platform says there's a target to be intercepted.”
Listen at 26:15
Verified Mineralogist-generated targets will attract market attention.
“the moment at which Minimal generate a target that is tested and, and is verified, the market will sit up and take note.”
Listen at 27:08
Quantum-computing qubit science remains fundamentally unsettled.
“the conference really confirmed that we're on the right track, that fundamentally the science behind a qubit is not settled”
Listen at 32:23
Delta Gold filed three patents during its first six months.
“we filed 3 in our first 6 months.”
Listen at 33:06
Quantum computing faces both qubit stability and scalability problems.
“there's the 2 problems, fidelity or decoherence and also scalability.”
Listen at 37:54
More stable qubits are more likely to operate at higher temperatures.
“definitely the more stable you are, are fundamentally, the, the more likely you are to be able to come up in temperature”
Listen at 39:32
Delta Gold may make substantial progress with its quantum-computing approach.
“we might go quite a long way with this.”
Listen at 41:34
Quantum computers may defend against quantum-computer attacks through specialized protocols.
“it's not necessarily doomed if we establish the protocol that you use the, the power of the quantum computer to fight off a quantum computer.”
Listen at 43:07
Quantum computing and critical minerals have bipartisan support across three countries.
“there's absolutely universal bipartisan agreement on the left and the right in both countries, in all countries actually, in the 3 countries we've talked about.”
Listen at 44:52
A $2 billion quantum investment could increase attention to the sector and Delta Gold.
“hopefully in Quantum, the $2 billion investment is a headline that people start to raise their eyebrows and say, actually, this is a business that I need to pay attention to.”
Listen at 47:05
Delta Gold’s deliberate growth strategy targets expansion from £100 million to £500 million and beyond.
“that's how you— that's how you ratchet your way from a £100 million company to a £500 million company and beyond.”
Listen at 50:51
Delta Gold’s scientists would impress analysts at major investment banks.
“We could put our scientists up against any tech analyst in any one of the big investment banks and they would be impressed. I'm 100% sure.”
Listen at 52:53
Continuous innovation is necessary for effective protection beyond patents.
“the only way to really have innovation protection is to be innovating all the time”
Listen at 57:55
Michael Martinez aims to grow businesses from startups to billion-dollar companies.
“to watch a business grow from, uh, from startup to $100 million to $500 million to a billion is, uh, is a great pleasure.”
Listen at 1:00:26
Rivale is listing at an especially favorable time for European uranium.
“they're listing at the perfect time for uranium, for European uranium.”
Listen at 1:03:30
Rivale will be worth significantly more than £4 million.
“I do believe it's going to be worth significantly more than £4 million”
Listen at 1:04:43
A catalyst could trigger substantial investor buying of uranium equities.
“all it takes is a little spark and the investors will flood in because they want, they want to back uranium.”
Listen at 1:06:00
Ajax shares are undervalued because a large seller is exiting.
“grab yourself some Ajax shares because they're, they're only as low as they are because somebody's basically wanting out.”
Listen at 1:06:39
Kevin Hornsby expects his Ajax share purchase to prove wise.
“I think it will be.”
Listen at 1:07:18
The market may return to three or four IPOs per month.
“we might be going back to that phase of the market where, you know, you do have 3 or 4 IPOs a month going forward.”
Listen at 1:07:38
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
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