Bald Eagle Gold plans to drill test a ‘very promising 600m geophysical and soil anomaly’ in their search for Silver in Idaho
As inflation rages in the U.S. with an 8.5% CPI reading for March 2022, real assets continue to perform very well. Silver is not only a precious metal asset that hedges against inflation, it is also an industrial commodity with many uses, including in the green energy sector. This means silver can do well at many stages of the cycle. Silver also tends to follow gold, another key real asset known as a hedge against inflation.
Bald Eagle quote: “Solar panel, electric vehicle and 5G chips alone are anticipated to require an incremental 150 million ounces of silver supply/year over the next 10 years.”
Today’s company is a junior miner exploring for silver in Idaho, USA.
Silver has hit a 4 week high on U.S. inflation concerns, which more than offset expectations of higher Federal Reserve interest rates and higher Treasury yields
Source: Trading Economics
Bald Eagle Gold Corp. (TSXV: BIG) (Bald Eagle) is a junior miner focused on the exploration and development of their 100% owned Hercules Silver Project, located in northwest of Cambridge, Idaho, USA. The Project lies mostly on State land, with grandfathered mining, milling and exploration rights. Idaho is a very mining friendly state, ranked 1st in the world for its mining regulations, taxation regime and permitting policy.
The Hercules Silver Project
The Hercules Silver Project lies on a 4,246 acres property located in Washington County, Idaho, just 2.5 hours northwest of Boise International Airport by Highway. The Property has a history of exploration with over 300 drill holes completed between 1965 and 1988. Historical drilling along strike has returned significant Ag-Pb-Zn-Mn (Cu) intercepts. One of the best historical intercepts (not yet to be relied upon) was at Hole 80-1 which intersected 30.48m of 335.6 g/t Ag, 0.17% Pb, 0.54% Zn starting from 73.15m.
Two key mineralized areas (Hercules Adit and Fishpond zones) are exposed on surface and have been defined by historical drilling and remain open for expansion, with anomalous geophysics and soil samples along strike. There is also significant mineralization in 4 other targets areas. Bald Eagle states: “The best intercepts occur within the higher-grade cores of the Hercules Adit and Fishpond zones, which are surrounded by lower grade halos.”
Past geophysics results show “strong chargeability values (>35ms) underlie the best silver-in-soil anomaly on the Property in an area which has never been drill tested.” The area of potential is between Grade Creek and Hercules Ridge (red area in the chart below) which has not yet been drill tested.
The red area between Grade Creek and Hercules Ridge shows strong chargeability suggesting potential mineralization
Source: Bald Eagle Gold Corp. company presentation
Also supporting the geophysics results above were recently announced soil samples, showing the highest values matching up with the areas of positive geophysics results. Summary points of the news were:
- “High-grade silver-in-soil up to 305 ppm (8.9 ounces per short ton)
- Consolidation of district through the acquisition and staking of an additional 2,116 acres, bringing total contiguous land position up to 4,256 acres.
- New soil sampling verifies historically reported soil survey values of silver, lead and zinc.
- New high-grade zone discovered below cover increases total strike length to over 5.5 kilometers.
- Largest and highest-grade soil anomalies remain untested at Belmont South and Grade Creek; Future drill programs to test these targets.”
Bald Eagle CEO and Director, Chris Paul, stated on March 24, 2022: “A 600 meter long coincident IP geophysical and soil anomaly between Hercules Ridge and Grade Creek currently represents the largest untested soil anomaly on the Property, with values consistently exceeding 1 ounce per ton silver (35 ppm). Finally, the new high-grade soil discovery 2.6 kilometers southeast of Belmont brings the total target strike length on the Property to 5.5 kilometers and demonstrates the significant scale of silver mineralization at Hercules.”
Investors can also view a recently announced Goldspot Discoveries Corp. 3D geological model for the Hercules Silver Project here.
The next step for Bald Eagle is to conduct a 3,000m 2022 drill program (June-August) to potentially discover new silver mineralization, notably at the strong geophysics target discussed above. The goal is to achieve a maiden inferred mineral resource estimate. Additionally, Bald Eagle plans to complete metallurgical test work and bulk density testing in 2022.
Images of Bald Eagle Gold Corp.s Hercules Silver Project in Idaho, USA
Source: Bald Eagle Gold Corp. company presentation
Closing remarks
Bald Eagle has BIG plans to match their TSXV ticker “BIG”. The key event in 2022 is the drilling campaign from June-August to test some large geophysics anomalies. All going well by late 2022 a maiden resource will be delivered.
Meanwhile, real assets such as silver and gold are looking to be very worthwhile investments at times when inflation is reducing your cash value by as much as 8.5%pa.
Bald Eagle Gold Corp. trades on a market cap of just C$8.5 million. One to watch.
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