Hercules Metals Corp · TSXV:BIG
Hercules Metals — Hercules Silver — Investor Presentation (December 2022)
19 slides from Hercules Metals's investor presentation, December 2022
Slide 1: Developing Idaho's Newest Silver District
Developing Idaho’s Newest Silver District TSX-V: BIG | OTCQB: BADEF December 2022
Slide 2: Cautionary Notes
2 Cautionary Notes Forward-Looking Information any of the assumptions prove not to be valid or reliable, which could refer to the SEDAR filing of Bald Eagle Gold Corp., “Technical Report for the result in delays, or cessation in planned work, risks associated with the Hercules Silver Project, Washin
Slide 3: About Hercules Silver
3 About Hercules Silver TSX-V: BIG | OTCQB: BADEF Hercules Silver Corp. is focused on the exploration and development of the Hercules Silver Project in Western Idaho. Hercules is a disseminated silver-lead-zinc system with over 28,000 meters of historical drilling across 3.5 kilometers of strike. Th
Slide 4: Capital Structure
4 TSX-V: BIG | OTCQB: BADEF Capital Structure As at June 8, 2022 12% 147,183,729 22,253,333 15% Issued & Outstanding Insider Ownership 41,395,948 6,067,500 Warrants Options 197,297,177 $3,740,059 Fully Diluted Shares Out Cash Balance $14M Market Capitalization (@ $0.10)
Slide 5: Our Team
5 Our Team EXPERTISE ROLES CEO & Director Founder of Ridgeline Exploration, Acquired by Goldspot Discoveries in 2021. 15 years of Golden Ridge Resources, Gold Lion Chris Paul BSc. Geology high-grade gold and copper-gold discovery experience Resources, Damara Gold Corp. Chartered Professional Account
Slide 6: Opportunity
6 Hercules Silver Opportunity Underexplored Project Historical exploration was focused on drilling vertical holes within large soil anomalies, with very little understanding of the internal controls. Most targets on the Property have had no modern systematic exploration. Intermediate Stage Explorati
Slide 7: Duality of Silver
7 Duality of Silver Silver over gold Silver is both a In the 2020 market crash, silver significantly outperformed gold, monetary asset palladium, platinum and the S&P500. and an 50% of use is industrial industrial metal Silver has applications in clean energy which are growing rapidly and forecast a
Slide 8: Silver and the Green Revolution
Biden’s build back better plan calls for the 8 development of Silver and the Green “millions of new solar panels” in the US alone. Revolution Solar Panels 01 Solar panel production now accounts for 100M ounces a year of silver demand, or 10% of the total silver market. This is projected to grow to 1
Slide 9: The Idaho Advantage
9 Ranked top mining The Idaho Advantage jurisdiction by Tier 1 Mining Jurisdiction Fraser Institute • Idaho was ranked 7th in the world for investment attractiveness, based on geological potential, favorable mining regulation, taxation and political support. • Low geopolitical risk with a pro-mining
Slide 10: Idaho Precious Metals Mining
10 Idaho Precious Metals Mining ~$1B produced annually Million Area Grade (g/t or Company Idaho Project County Metal Deposit Model Tonnes Status (Ha) % weight) M&I or P&P Mesothermal veins 470 g/t Ag Shoshone UG Operating Hecla Mining Lucky Friday1 503 Ag, Pb, Zn from sedex 4.95 (P&P) 8.3 % Pb Hecla
Slide 11: Hercules Project Overview
11 Overview Hercules Project Location 4,246 acres located in Washington County, Idaho, just 2.5 hours NW of Boise International Airport by Highway. High voltage transmission line traverses across the property Geology Disseminated silver (lead-zinc-manganese+/-copper) occurs within zones of strong br
Slide 12: Silver Price and Project History
1880 - 1920 12 - First historical production at the Belmont, followed by the Hercules Adit 1965 - First hole drilled at the Hercules Adit Zone LATE 1970s - EARLY 1980s - Strong silver prices and aggressive drilling at the Frogpond and Hercules Adit Zones define zones of continuous mineralization - D
Slide 13: Hercules Historic Drilling
13 Hole ID Year From (m) To (m) Interval (m) Ag (g/t) Pb (%) Zn (%) 80-1 1980 73.15 103.63 30.48 335.6 0.17 0.54 including 1980 82.3 91.44 9.14 828.2 0.24 0.8 Hercules including 1980 96.01 99.06 3.05 317.8 0.04 0.22 80-12 1980 7.62 22.86 15.24 56 No Assay No Assay Historic Drilling AND 1980 36.58 74
Slide 14: 3D Block Model
3D Block Model Generated in 2022
Slide 15: Silver
15 SILVER SOIL SAMPLING • Soil sampling has returned anomalous silver > 5 ppm over 3.5 kilometers and open under cover to the south • Silver values range up to 604 ppm (17.6 oz/t) in historical soil samples at the Belmont Zone • Largest and highest-grade soil/coincident IP anomaly at Hercules Ridge/
Slide 16: Zinc
16 ZINC SOIL SAMPLING • 2021 soil sampling tested a valley 2.6 kilometers south of the historical drilling, and discovered a potential extension of the host rhyolite • 3 samples returned up to 1.8 ppm silver, 20,470 ppm zinc, 8,260 ppm lead, and 20,501 ppm manganese, within an erosional window throu
Slide 17: Copper
17 COPPER SOIL SAMPLING • Newly discovered 2-kilometer diameter copper-gold anomaly grading up to 3,175 ppm copper • Strong alteration in mineralized volcanic rocks at surface • Several hundred outcrop samples collected, with assays and Terraspec alteration analysis pending • Potential feeder system
Slide 18: Next Steps
Path to Mineral Resource 18 Next Steps Near Term Goal: Validate substantial historical drilling. • Property-wide 3D IP geophysical survey (in progress) • Detailed geological mapping (complete) • Property-wide outcrop and channel sampling (assays pending) • Confirmation drilling and metallurgical tes
Slide 19: Contact Us
19 Thank You. Contact Us Chris Paul CEO Head Office cpaul@baldeaglegold.com Suite 1600 100 King St. W 1 First Canadian Place +1 (604) 449-6819 Toronto, Ontario M5X 1G5 HerculesSilver.com
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