Our core shack is almost complete, the weather is good, and final preparations are now being made for mobilization.
To view an enhanced version of this graphic, please visit:Ĭhris Paul, CEO and Director of the Company, noted: " We're very excited to kick off our Phase II drilling program and start testing the many highly prospective targets generated over the past 18 months. The upcoming Phase II drill program is anticipated to commence in the next two weeks and is further detailed in Figure 1 below. A third phase of drilling will follow, once all assay results have been received, interpreted and released to the market. The primary goals of the Phase II program will be to (i) extend the best-known historical mineralization at the Hercules Adit and Frogpond Zones, and (ii) test multiple new targets generated by recent greenfields exploration. Following the receipt of approximately ~$1.3M in cash from the recent exercise of options and warrants and the closing of a $5.75M private placement, the Company has elected to increase the size of its upcoming Phase II drill program to a minimum of 6,000 meters, allowing for deeper drilling and the testing of additional high-priority targets. (TSXV: BIG) (OTCQB: BADEF) (FSE: 8Q7) (" Hercules Silver" or the " Company") is pleased to report that the Company has upsized its previously announced Phase II drill program on the Hercules Property located in western Idaho ( "Hercules" or the "Property").
Large-scale untested chargeability anomaly at depth, where the Hercules Rhyolite approaches the porphyry copper target: The CRD model predicts an increase in silver-lead-zinc and copper grades.New porphyry copper-silver (+/- gold) target identified by surface mapping and geochemistry: Interpreted as a potential feeder zone to silver-lead-zinc mineralization.CRD-style silver-lead-zinc host, the Hercules Rhyolite: Strong targets identified through recent surface mapping and geochemistry, including the Hinge, Haystack and Belmont Zones.Hercules Adit and Frogpond Zones: Step-out holes aiming to extend these zones of historical focus, as well as infill and further verify historical drilling results.Phase II program will be focused on the following targets:.The Company expects to remain fully financed for a follow-up Phase III drill program as well.Phase II program upsized to a minimum of 6,000 meters to allow testing of additional targets and deeper drilling.Final preparations underway for upcoming Phase II drill program at Hercules, including construction of core logging and cutting facilities.
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