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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].




Chris Thompson on the newest entrant into Idaho’s gold rush, Freeman Gold

Well known for its potatoes and lentils, Idaho’s official nickname is the “Gem State” and its gold rush started way back in 1860 when the shiny metal was found along the Canal Gulch.

Today, mining in Idaho is a billion-dollar industry and the state continues to rank high in the Investment Attractiveness Index from the Fraser Institute’s Annual Survey of Mining Companies.

This year’s gold rush in Idaho is financings with mining companies raising over $200 million, including Integra Resources (TSXV: ITR | NYSE: ITRG) raising US$23 million to fund exploration and a pre-feasibility study at the DeLamar Project, and Midas Gold completing a US$35.0 million financing for permitting and a feasibility study at the Stibnite Gold Project.

Idaho’s Next Gold Company – Freeman Gold

The newest entrant into Idaho’s gold rush is Freeman Gold Corp. (CSE: FMAN | OTC: FMANF) but it’s working on a project with a long past and plenty of potential.

Freeman completed its IPO in November 2019 but then raised an additional $1.2 million in December to help fund the acquisition of the Lemhi Gold Project.

Located near Salmon, Idaho, the Lemhi Gold Project has been explored since the 1980s with over 355 drill holes completed. However, the property had not seen any work since 2012 when low gold prices mothballed the project.

Historical Oxide Resource

Previous drilling on the project delineated gold mineralization covering an area roughly 600 metres by 400 metres and historical gold resource estimates pegged the deposit anywhere from 500,000 to over 1 million ounces of gold.

Previous historical highlight drill holes included 1.80 grams per tonne (“gpt”) gold (“Au”) over 193 metres, 3.94 gpt Au over 56 metres, and 1.81 gpt Au over 180 metres.

The mineralization consists of shallow, near-surface, primarily oxide-gold, and still remains open at depth and along strike. The oxide mineralization enables standard, low-cost heap leach processing that can contribute substantially to the economic viability of the project.

Drilling Towards a Maiden NI 43-101 Resource

Freeman is currently executing on an exploration program consisting of 5,000 metres of drilling, metallurgical test work, and extensive groundwork designed to:

  1. Twin a portion of historical drill holes to confirm historical data and allow the Company to use the historical drill holes in a maiden NI 43-101 resource estimate.
  2. Infill drilling within the known mineralized orebody to increase the resource and shift Inferred Resource ounces into the Measure & Indicated category.
  3. Complete groundwork to identify possible high-grade feeder zones and satellite deposits along strike.

Financings Fill the Treasury

After raising $1.49 million in May 2020, Freeman closed a bought-deal financing of $10.35 million in July to fund its exploration at Lemhi.

In addition, Yamana Gold Inc. (TSX: YRI | NYSE: AUY) came in as a strategic investor in September 2020 when Freeman acquired and extinguished a back-in right from Yamana in consideration for Freeman shares representing 5% of the Company.

New Management with Deal Making and M&A Experience

In May, Freeman announced the appointment of Will Randall as President and Chief Executive Officer and Director. Mr. Randall is a professional geologist with over 20 years of experience in the mining and mineral exploration industry. He has been involved in raising over $200 million and the successful development of several mining projects, including joint ventures with major mining companies.

Then in October, Freeman’s Board of Directors appointed Bassam Moubarak as Chief Financial Officer and Director, and Paul Matysek joined the Strategic Advisory Board. They both have extensive experience in the mining industry and have been involved in multiple companies that have been successfully developed and then sold.

Most recently, Mr. Matysek was Executive Chairman of Lithium X Energy, which was sold to Nextview New Energy Lion Hong Kong Limited for $265 million and he was President and CEO of Goldrock Mines Corp., which sold to Fortuna Silver Mines for over $100 million. Mr. Moubarak was CFO of Lithium X Energy Corp. and Goldrock Mines Corp. during both of the aforementioned transactions.

Upcoming Catalysts

The Company plans to complete the drill program by the end of November and release a maiden NI 43-101 resource estimate before year-end.

Although drill results have not been released, Freeman confirmed gold mineralization was visible from the first 3,000 metres of drilling, and all holes intersected mineralization, supporting Freeman’s geological model.

With over 3000 hectares (7,515 acres) of land, the Lemhi Gold Project has plenty of opportunity for resource growth from both brownfield and greenfield exploration.

Freeman-Idaho-Lemhi Gold Project

SOURCE




Bunker Hill Mining focused on re-opening the Bunker Hill zinc, lead, silver mine

March 21, 2018 – “The Bunker Hill Mine was really the crown jewel of the Coeur d’Alene Mining District, historically produced continuously for over 90 years from 1885 to 1981. During that period of time the mine produced 36 million tons of ore from 26 different ore bodies…” states Howard Crosby, Vice President of Bunker Hill Mining Corp. (CSE: BNKR), in an interview with InvestorIntel’s Peter Clausi.

Peter Clausi: If you are looking for gold you go look for it where you found gold. If you are looking for zinc, apparently you go look for it in Idaho. 

Howard Crosby: That is a good place to start, at least in the Idaho Silver Valley, the Silver Valley Belt in north Idaho and Shoshone County.

Peter Clausi: We are here with Bunker Hill, listed on the CSE. You are taking over an advanced deposit that was in production and bringing it back into production. 

Howard Crosby: Right. The Bunker Hill Mine was really the crown jewel of the Coeur d’Alene Mining District, historically produced continuously for over 90 years from 1885 to 1981. During that period of time the mine produced 36 million tons of ore from 26 different ore bodies, 3½ million tons of lead.

Peter Clausi: Was that one big system or is it different systems?

Howard Crosby: It is a gigantic system. There is actually four different types of ore bodies that were mined in there, but we are going to be focused now in redeveloping the mine on some very high-grade wide mechanized mining zones that are high in zinc that also contain by product lead and silver.

Peter Clausi: What kind of infrastructure is available?

Howard Crosby: It is the most interesting infrastructure really of any mining project I have ever seen because it is located in the town of Kellogg, Idaho. You can drive to the portal of the mine in a Cadillac and never leave paved road. All the buildings, the mine offices and the workshop for machinery and everything is all intact. There is powerlines right to the mine. There is a workforce in town, a train, mining workforce and you are 500 meters off of Interstate 90.

Peter Clausi: How did you end up with the project?

Howard Crosby: We have signed a lease-purchase option from the underlying owner that acquired the property when the Bunker Hill Company went through a bankruptcy related to the catastrophe at the lead smelter back in the eighties. We have an iron clad lease-purchase option project at this point.

Peter Clausi: Okay. I do not understand lease-purchase option. What does that mean?

Howard Crosby: We are currently leasing the mine. We are making lease payments to the underlying owner and we have an ironclad option to acquire the mine for a purchase price of $25 million dollars that would be paid out over 10 years.

Peter Clausi: That is not bad.

Howard Crosby: The majority of the purchase price we expect would be paid out of cash flow

Peter Clausi: Out of production at the mine.

Howard Crosby: Through production, yeah.

Peter Clausi: What is your timetable?

Howard Crosby: That is an interesting question Peter. There is a couple of answers to that.

Peter Clausi: There always are.

Howard Crosby: The short answer would be we are negotiating with some other mills in the area because the project currently does not have a mill on site. There are mills with excess capacity within 5 miles of the mine…to access the complete interview, click here

Disclaimer: Bunker Hill Mining Corp. is an advertorial member of InvestorIntel Corp.