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Hercules Silver’s Systematic Approach Pays Off with Encouraging Drill Results

In the junior mining space, it’s often very difficult to take a slow and measured approach to things. Capital availability ebbs and flows with the markets, as does investor patience. You never want to run out of working capital when you have no news flow or the next equity raise could be very painful, and possibly very dilutive. And that assumes you can even find enough interest to raise that capital. However, if a company has surrounded itself with a tolerant investor base, then that patience can be rewarded when capital is finally spent on drilling and the results reflect all that timely, upfront work.

Hercules Silver Project in Idaho, USA

To me, it appears this strategy is starting to pay off for Hercules Silver Corp. (TSXV: BIG | OTCQB: BADEF), at least based on the stock chart over the last six months as its price has more than doubled. Hercules Silver (formerly Bald Eagle Gold Corp.) is a junior mining company focused on the exploration and development of the 100% owned Hercules Silver Project, northwest of Cambridge, Idaho. The Hercules project is a disseminated silver-lead-zinc system with 28,000 meters of historical drilling across 3.5 kilometers of strike. Although there are many signals indicating there could be plenty of copper to be found on the property as well, but more on that later.

In 2022, the Company elected to conserve capital and complete extensive modern field surveys in order to increase the efficiency of the drill targeting. To that end, Hercules Silver undertook an extensive bedrock mapping and sampling program, as well as a 3D induced polarization (IP) survey to help refine drill targets on the Property, including extensions of the known mineralization at Hercules Adit and Frogpond. The Company collected over 800 rock chip samples to identify the source of soil anomalies on the Property and found widespread silver, lead, zinc, and copper values.

Highlights include grades up to 21% copper at the Big Cut Skarn and 2,810 g/t silver in the untested Grade Creek Zone (keeping in mind that rock chip samples are selective and may not represent true grades). But the big surprise came from the IP survey where an unexpectedly large and strong anomaly appeared beneath the limit of historical drilling.

Large Untested Chargeability Anomaly at Depth Beneath the Hercules Adit, Frogpond, and Belmont Zones on the Hercules Property

Source: Hercules Silver December 15, 2022 Press Release

When the initial drill program commenced in November 2022, the Company elected to utilize a small, track-mounted drill rig in order to be capital efficient while collecting samples near the surface. However, this drill rig lacked the power and rod size needed for drilling deeper into the difficult ground, which resulted in Phase I drilling having multiple holes bottoming in mineralization or not reaching the target depth including that giant anomaly noted above. Nevertheless, there were some encouraging results:

  • Drill hole HER-22-01, the first hole of the program, intercepted 38 meters of 353 g/t Ag, 0.64% Pb, 2.28% Zn, and 0.16% Cu (487 g/t AgEq), beginning at a shallow depth of 26 m.
  • Drill hole HER-22-07 intersected 44.2 m grading 224 g/t Ag, 0.32% Pb, 0.38% Zn, and 0.09% Cu (258 g/t AgEq) starting at just 1.5 m.

The results achieved by this 9-hole program are in line with historically reported grades and widths and provide the Company with confidence in the large-scale exploration potential at Hercules moving forward. Additionally, it indicates that Hercules Silver could potentially incorporate large volumes of previous drilling data (over 28,000 meters of drilling in over 300 historical drill holes) into future resource calculations adding significant value to the project given the substantial replacement cost of this information.

Phase II Drill Program Set to Begin

This all sets the stage for a 3,000-meter Phase II core drilling program that is scheduled for spring 2023. The Company has gained in-depth geological information to further delineate existing zones and test the conceptual model of a zoned porphyry copper-epithermal system at Hercules. And the best part is, Hercules Silver is moving past the “dipping their toe in the water” stage and is going forward with a core rig capable of deep drilling to provide more robust geological and structural information than RC methods. A newer coring technology, triple tube core barrels will be employed with the added bonus of improving recoveries within mineralized zones.

As you can see, patience is starting to pay off for Hercules Silver as their drill programs become more targeted and potentially more impactful. Being able to drill the deeper targets will determine if their theories hold water, which in turn could reward those patient shareholders.

Hercules Silver trades at a market cap of C$33.5 million.




Hercules Silver’s CEO Chris Paul Discusses Recent Results from District-Sized Silver Project in Idaho

In this InvestorIntel interview, Tracy Weslosky talks to Hercules Silver Corp.’s (TSXV: BIG | OTCQB: BADEF) CEO and Director Chris Paul about delineating a large mineral system at their Hercules Property located in western Idaho. Chris discusses how their 2022 rock chip sampling program identified a widespread silver-lead-zinc-copper system, with up to 2,810 g/t silver and 21% copper in previously untested targets.

Located in one of the top jurisdictions in the world for mining, Chris provides an update on the Phase 1 drill program at their Hercules Property.

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About Hercules Silver Corp.

Hercules Silver Corp. is a junior mining company focused on the exploration and development of the 100% owned Hercules Silver Project, northwest of Cambridge, Idaho.

The Hercules project is a disseminated silver-lead-zinc system with 28,000 meters of historical drilling across 3.5 kilometers of strike. The Company is well positioned for growth through the drill bit in 2023, having completed extensive surface exploration in 2022 consisting of soil & rock sampling, geological mapping, IP geophysics, and a 9-hole drill program.

The Company’s management team brings significant exploration experience through the discovery and development of numerous precious metals projects worldwide.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. Any securities referred to herein have not and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws of an exemption from such registration is available.

To know more about Hercules Silver Corp., click here

Disclaimer: Hercules Silver Corp. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at [email protected].




Chris Paul of Bald Eagle Gold talks about plans for its Hercules high grade silver project

In this InvestorIntel interview with host Tracy Weslosky, Bald Eagle Gold Corp.‘s (TSXV: BIG) asks CEO and Director Chris Paul why e-Research President and Director of Research Chris Thompson is so enthusiastic about Bald Eagle’s recently acquired high grade silver asset in western Idaho.

In the interview, which can also be viewed in full on the InvestorIntel YouTube channel (click here), Chris talks about Bald Eagle’s Hercules Silver Property with 28,000m of drilling in over 300 shallow historical drill holes in what has been rated the number one mining-friendly jurisdiction in the world. He goes on to talk about Hercules’ very large target size with the historical drilling covering over three and a half kilometers of high grade silver with potential for further expansion and possibly reaching upwards of 100 to 200 million ounces of silver. Chris says shareholders should watch for the coming planned 3000m drill program aimed at expanding the known silver mineralization and upgrading the historical resource to NI 43-101 complaint.

To access the full InvestorIntel interview, click here

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About Bald Eagle Gold Corp.

Bald Eagle Gold Corp. is a junior mining company focused on the exploration and development of the Hercules Silver Project, northwest of Cambridge, Idaho. The Corporation’s management team brings extensive and successful international experience with a focus on identifying and acquiring prospective and under-explored precious metals properties worldwide. The board of directors have an established track record of creating significant returns for investors and have demonstrated access to capital to advance the development of assets. From time to time, the Corporation may also evaluate the acquisition of other mineral exploration assets and opportunities.

To learn more about Bald Eagle Gold Corp., click here.

Disclaimer: Bald Eagle Gold Corp. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at [email protected].




The Bald Eagle Gold team focuses on a $BIG.V quest for Silver in Idaho

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.




Chris Paul on Bald Eagle Gold’s 43-101 for its Hercules Silver Project

In a recent InvestorIntel interview, Chris Thompson spoke with Christopher Paul, CEO of Bald Eagle Gold Corp. (TSXV: BIG) about Bald Eagle’s recent news release on filing of the NI 43-101 technical report for its Hercules Silver Project in Cuddy Mountain mining district in Idaho.

In this InvestorIntel interview, which may also be viewed on YouTube (click here to subscribe to the InvestorIntel Channel), Christopher Paul said that the Hercules Silver Project already has over 300 historic drill holes defining two mineralized bodies with good silver grades providing Bald Eagle with a significant head start with the exploration. He went on to provide an update on Bald Eagle’s recent acquisition of the Leviathan Property adjoining its Hercules Silver Project and highlighted the potential there for a porphyry copper system present at depth.

To watch the full interview, click here.

About Bald Eagle Gold Corp.

Bald Eagle Gold Corp. is a junior mining corporation focused on the exploration and development of the Hercules Silver Project, northwest of Cambridge, Idaho. The Corporation’s management team brings extensive and successful international experience with a focus on identifying and acquiring prospective and under-explored precious metals properties worldwide. The board of directors have an established track record of creating significant returns for investors and have demonstrated access to capital to advance the development of assets. From time to time, the Corporation may also evaluate the acquisition of other mineral exploration assets and opportunities.

To learn more about Bald Eagle Gold Corp., click here.

Disclaimer: Bald Eagle Gold Corp. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at [email protected].