This company is awakening a US silver asset that was heading for production in the 80s
At the time those plans were abruptly stopped as silver crashed 85% to below $5/oz
Over 300 historical drill holes up to 1,700g/t Ag PLUS a resource
Currently for an EV of $7.5M ๐๐งต
/1
At the time those plans were abruptly stopped as silver crashed 85% to below $5/oz
Over 300 historical drill holes up to 1,700g/t Ag PLUS a resource
Currently for an EV of $7.5M ๐๐งต
/1
The Hercules Silver project is an advanced stage silver exploration project in Idaho, one of best jurisdictions worldwide
Currently explored by Hercules Silver
Company had a makeover in recent months:
New asset
New CEO
name change
and stronger technical team
2/
Currently explored by Hercules Silver
Company had a makeover in recent months:
New asset
New CEO
name change
and stronger technical team
2/
Tom Hendricksen, renowned geologist recently added to team
Awarded for discovering and exploring Hod Maden, Constancia and Zafranal deposits
Currently working as consultant for Coeur Mining and more
From Idaho and did his PhD thesis on...
๐ฅ
The Hercules Silver project
3/
Awarded for discovering and exploring Hod Maden, Constancia and Zafranal deposits
Currently working as consultant for Coeur Mining and more
From Idaho and did his PhD thesis on...
๐ฅ
The Hercules Silver project
3/
Project itself saw no modern exploration in 30 years and the company is currently doing a 3D IP survey and drilling the historical resource (7Moz @ 106g/t Ag non 43-101 compliant) + stepouts
Phase 2 drilling in spring will test new targets based on IP results and sampling
4/
Phase 2 drilling in spring will test new targets based on IP results and sampling
4/
Historic drill results:
30.5m of 335.6g/t silver (4.3g/t AuEq)
47.2m of 377.5g/t silver (4.84g/t AuEq)
27.4m of 394.3g/t silver (5.06g/t AuEq)
15.2m of 770g/t silver (9.87g/t AuEq)
45m of 380.3g/t silver and 3% zinc (6.99g/t AuEq)
/5
30.5m of 335.6g/t silver (4.3g/t AuEq)
47.2m of 377.5g/t silver (4.84g/t AuEq)
27.4m of 394.3g/t silver (5.06g/t AuEq)
15.2m of 770g/t silver (9.87g/t AuEq)
45m of 380.3g/t silver and 3% zinc (6.99g/t AuEq)
/5
Surface sampling has shown lots of smoke:
Elevated silver (604g/t) and zinc (2.83%) values stretching an area of 5km...
and discovered a copper gold porphyry target, away from previous drilling. This will get targeted in phase 2 drill program in Spring '23
/6
Elevated silver (604g/t) and zinc (2.83%) values stretching an area of 5km...
and discovered a copper gold porphyry target, away from previous drilling. This will get targeted in phase 2 drill program in Spring '23
/6
15% held by insiders, CEO >7.5% and bought $46K CAD YTD
Awaiting drill assays and results from 3D IP survey. These latter will guide phase 2 drilling in spring and will see a large portion dedicated to the copper gold porphyry target
This won't stay at an EV of $7.5M
/7
Awaiting drill assays and results from 3D IP survey. These latter will guide phase 2 drilling in spring and will see a large portion dedicated to the copper gold porphyry target
This won't stay at an EV of $7.5M
/7
Loading suggestions...