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Hercules Silver Intercepts 27.3 Meters of 113 g/t Silver Equivalent Above Porphyry Copper Mineralization in First Holes of Phase II Drill Program
Toronto, Ontario--(Newsfile Corp. - September 8, 2023) - Hercules Silver Corp. (TSXV: BIG) (OT...
About this update from Hercules Metals Corp
[{"type":"text","content":"Hercules Silver Intercepts 27.3 Meters of 113 g/t Silver Equivalent Above Porphyry Copper Mineralization in First Holes of Phase II Drill ProgramToronto, Ontario--(Newsfile Corp. - September 8, 2023) - Hercules Silver Corp. (TSXV: BIG) (OTCQB: BADEF) (FSE: 8Q7) (\"Hercules Silver\" or the \"Company\") is pleased to report silver-lead-zinc results from the first 5 drill holes of its Phase II drill program, targeting near surface silver mineralization at its Hercules Silver Property located in western Idaho (\"Hercules\" or the \"Property\"). These results are the first of the Company's ongoing 6,000-meter Phase II infill, expansion, and discovery-focused drill program. The upper part of HER-23-05 intercepted 84.2 meters of 54.1 g/t AgEq, beginning at a shallow depth of 4.5 m, including a higher-grade intercept of 27.3 m grading 113.4 g/t AgEq starting at 36.7 m.HER-23-04 intercepted 28.5 meters of 102.6 g/t AgEq, beginning at 39 m, including a higher-grade intercept of 2.7 m grading 416.2 g/t AgEq.All holes reported are either step-out or infill holes, expanding on historical mineralization.HER-23-05 was continued to depth to test a chargeability anomaly and intercepted blind porphyry copper alteration and mineralization, assays for which remain pending.Four deep holes have now been drilled across 1.2 kilometers of the chargeability anomaly, all of which intersected pyrite-rich phyllic alteration, interpreted to represent the margins of a large porphyry copper system.Deep drilling continues, targeting potentially favourable alteration to the west.A third drill rig has now been added to the Phase II program.Chris Paul, CEO and Director of the Company, noted: \"Our Phase II infill and expansion drilling has expanded on historical mineralization and demonstrated the presence of broad intervals of silver at the Frogpond Zone. With assays pending for many holes, including several other zones, we're confident in the potential to further validate and expand on the near surface silver across the Property. We're currently drilling hole 21 of the 2023 season and have now added a third drill rig. In addition, our first ever deep drilling has intersected blind porphyry copper alteration across 1.2 kilometers, demonstrating the presence of a major hydrothermal system on the Property.\"Silver Mineralization at FrogpondThe near-surface drilling...