Hercules Silver (TSXV: BIG) this morning released further drill results from its ongoing 6,000 metre drill program at the Hercules Silver property in Idaho.
The latest results released consist of two shallow drill holes, which were drilled above the recently discovered copper porphyry. Highlights from the results include:
- HER-23-06: 58.83 metres of 96.3 g/t silver, 0.26% zinc, 3.9% manganese,
- including 25.14 metres of 195.2 g/t silver, 0.33% zinc, 0.24% copper, and 5.9% manganese
- HER-23-07: 105.46 metres of 80.8 g/t silver, 0.30% zinc, 1.9% manganese,
- including 41.85 metres of 138.7 g/t silver, 0.48% zinc, 0.09% copper, 3.3% manganese,
- including 1.83 metres of 919.7 g/t silver, 0.27% zinc, 0.25% copper, and 0.2% manganese
The results are said to demonstrate that strong silver mineralization and critical mineral credits exist near surface, overlaying the blind copper porphyry system that is found at depth. Low-grade silver is said to surround the headline intercepts, setting the stage for a potential large bulk tonnage target.
“We are pleased that near-surface drilling at the Frogpond Zone continues to demonstrate favorable silver grades above our recently announced porphyry copper discovery in HER-23-05. What began as a primary drilling target for this season has now evolved into just the upper levels of a much larger system, and the presence of critical minerals adds further encouragement from a permitting standpoint in the US.,” commented Chris Paul, CEO of Hercules.
Assay results for the next deep drill hole, HER-23-08, remain pending, with the company also indicating that it has received preliminary data from a large IP survey conducted over an area of over 3,000 acres. Modeling has not yet been conducted on the data, however the company has indicated that anomalous chargeability is believed to extend from the 2022 survey conducted. Final results are expected at the end of the year.
Hercules Silver last traded at $0.91 on the TSX Venture.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
