- Hercules Silver Corp (BIG) announced Phase I drill results from its Hercules Silver Property in Idaho
- The program was intended to test and validate significant silver reported at the property’s Frogpond and Adit Zones
- Copper, lead, and zinc were also reported, which were historically only selectively assayed for
- The program will serve as a base for an expanded Phase II 3,000-meter core drilling program
- Preliminary drilling results are in line with historically reported grades and widths
- Shares of Hercules Silver are up 2 per cent to C$0.25 as of 1:25 p.m. EST
Hercules Silver Corp (BIG) announced Phase I drill results from its Hercules Property in Idaho.
According to a release, the maiden drill program was intended to test and validate significant silver completed in previous drilling at the property’s Frogpond and Hercules Adit Zones.
Copper, lead and zinc were also reported, which had only previously been selectively assayed for.
The company said the Phase I program, which used a small, low-cost scout drill to generate geological and analytical information, will be used as guidance for an expanded Phase II 3,000-meter core drilling program.
CEO commentary
“The lengths and grades we are seeing near surface at Hercules are remarkable. Broad intervals of intensely altered and mineralized Hercules Rhyolite indicate the presence of a significant silver system, with surface data suggesting we have intersected the top of a large, concentrically zoned porphyry copper-epithermal system,” Chris Paul, CEO of Hercules Silver, said in a release. “The Phase I results so far are in line with historical drilling and indicate the potential to incorporate large volumes of previous drilling data into future resource calculations. Validating such data, which has a substantial replacement cost, could potentially add significant value to the project. The preliminary results so far suggest good continuity within mineralized zones, which remain open along strike and at depth. We look forward to initiating our maiden core drilling program later this spring to further delineate these zones and test our conceptual model of a zoned porphyry copper-epithermal system at Hercules.”
Hercules Silver Corp. has primarily focused on its 100 per cent owned Hercules Silver Project, which is a disseminated silver-lead-zinc system with 28,000 meters of historical drilling across 3.5 kilometres of strike.
Shares of Hercules Silver (BIG) are up 2 per cent to C$0.25 as of 1:25 p.m. EST
