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Hercules Announces Discovery-Focused Phase II Drill Plan
Launching a Spring 2023 core drilling campaign for up to 3,000 meters Testing new targets, e...
About this update from Hercules Metals Corp
[{"type":"text","content":"Hercules Announces Discovery-Focused Phase II Drill PlanLaunching a Spring 2023 core drilling campaign for up to 3,000 metersTesting new targets, extensions of historical mineralization, and high-grade shoots interpreted within the Hercules Adit and Frogpond ZonesTargeting extension of a high-grade shoot discovered in the final two years of historical drilling, at the east end of the Frogpond Zone89% of historical holes were drilled vertically, potentially missing important vertical feeder structuresRecently discovered 1.8 kilometer high-strength IP chargeability anomaly to be tested with multiple drill holesNewly discovered copper-gold bearing hydrothermal breccia pipe to be tested as possible offshoot of deeper-rooted porphyry systemPhase I drill results pending, with final assays expected soonToronto, Ontario--(Newsfile Corp. - February 14, 2023) - Hercules Silver Corp. (TSXV: BIG) (OTCQB: BADEF) (FSE: 8Q7) (\"Hercules Silver\" or the \"Company\") is pleased to announce a preliminary drill plan for the next phase of drilling on the Hercules Property located in Western Idaho (\"Hercules\" or the \"Property\"). The Company has assembled high-priority targets for a core drilling program, slated for up to 3,000 meters, to commence in the spring of this year. A core rig capable of deep drilling will be utilized and will provide more robust geological and structural information than RC methods. Triple tube core barrels will be employed, with the objective of improving recovery within mineralized zones. Triple tube barrels are a newer coring technology which provides an opportunity to greatly improve on historically reported recoveries which averaged around 50% in the friable mineralized zones at Hercules. Recently acquired geological information suggests that the mineralized structures are vertically dipping and therefore may have been incompletely tested by historical drilling, which was ~90% vertical. Assays from the Phase I drill program remain pending, with re-runs currently in progress and final results expected soon.The preliminary Phase II drill plan is shown on Figure 1. The objectives of the Phase II program are to: 1) Use drill core to test numerous target areas with greatly improved core recoveries; 2) Further refine the exploration model; and 3) Provide an indication as to the overall target size and vect...