Hercules Silver Reports Broad Intervals of Silver Including 112.2 Meters of 193 g/t Ag, 0.2% Pb, 0.4% Zn at the Hercules Adit and Belmont Zones
Newsfile Corp.
Wed, Feb 28, 2024
Toronto, Ontario--(Newsfile Corp. - February 28, 2024) - Hercules Silver Corp. (TSXV: BIG) (OTCQB: BADEF) (FSE: 8Q7) ("Hercules Silver" or the "Company") is pleased to report strong silver-lead-zinc results from shallow holes drilled into the Upper Plate above the new Leviathan porphyry copper discovery at its Hercules Silver Property located in western Idaho ("Hercules" or the "Property").
These results showcase the presence of a significant silver system above and potentially related to the Leviathan porphyry copper discovery. Grade and continuity are seen to increase to the northwest, toward the Hercules Adit Zone, in a similar pattern to the underlying porphyry copper system.
HER-23-17 extended the high-grade Hercules Adit footwall shoot down plunge, with 11.3 Meters of 1,660 g/t Ag, 0.7% Pb, 1.75% Zn, one of the best silver intercepts on the Property, within an overall 112.2 Meters of 193 g/t Ag, 0.2% Pb, 0.4% Zn.
HER-23-19 intersected a potentially new mineralized shoot at the hanging wall contact of the Hercules Adit Zone, returning 15.3 Meters of 359 g/t Ag, 0.4% Pb, 0.4% Zn.
HER-23-13 intersected 100.1 Meters of 64 g/t Ag, 0.14% Pb, 0.49% Zn including 6.1 Meters of 413 g/t Ag, 1.1% Pb, 1.7% Zn.
HER-23-09 intersected 32.2 Meters of 167 g/t Ag, 0.17% Zn.
HER-23-22 intersected 58.8 Meters of 140 g/t Ag, 0.43% Pb, 0.69% Zn including 13.7 Meters of 280 g/t Ag, 0.3% Pb, 0.8% Zn.
HER-23-23 intersected 43.9 Meters of 138 g/t Ag, 0.37% Pb, 0.32% Zn including 1.5 Meters of 1,450 g/t Ag, 1.06% Pb, 0.17% Zn.
The highest silver grades are concentrated at the Hercules Adit Zone, indicating a strengthening trend to the north, in alignment with the copper mineralization observed in the underlying porphyry copper system (Refer to the Company's January 22, 2024 News Release).
The Hercules Adit Zone continues to remain open down plunge, extending towards a potential porphyry copper target.
Planning for the 2024 drill campaign is underway, with the program scheduled to commence when weather conditions permit. Additional details regarding the drill plan will be disclosed as targets are finalized.
In a similar pattern to the increasing copper grades reported in the Lower Plate, the silver grades also appear to increase in a northerly direction, with the most promising grades found at the Hercules Adit Zone (Refer to Figures 2 and 3). This correlation suggests a potential relationship between the two mineralization styles, possibly representing different levels within a porphyry system.
Large porphyry systems are often characterized by successive episodes of mineralization. In the later stages of certain systems, shallow silver mineralization may migrate up vertical structures above the porphyry center, and extend laterally across favorable host units, such as the Hercules Rhyolite. It's possible that the gently dipping silver within the Hercules Rhyolite may originate from a vertical feeder structure above a porphyry center.
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