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Friday, April 19, 2024 11:14:39 AM
Tue, Apr 9, 2024
Toronto, Ontario--(Newsfile Corp. - April 9, 2024) - Hercules Silver Corp. (TSXV: BIG) (OTCQB: BADEF) (FSE: 8Q7)("Hercules Silver" or the "Company") is pleased to showcase the results of its 2023 deep-seeking 3D induced polarization ("IP"), direct current resistivity and drone magnetic geophysics over the area to be drill tested in 2024, revealing multiple prospective targets, coincident with the direction of increasing copper porphyry grades seen in the initial 2023 deep discovery holes drilled at its Hercules Property in western Idaho ("Hercules" or the "Property").
Highlights
Conductivity anomaly below historical mining at the Belmont Zone.
High grade cores of porphyry copper systems can often have highly conductive copper sulfide vein networks, making Belmont a potential target for a high grade core at depth.
High grade chalcocite, typical of the porphyry enrichment blanket, was recently found on historical waste dumps at Belmont, indicating 1870's mine tunnels may have reached the top of the porphyry system.
Kilometers of prospective chargeability from Belmont to Grade Creek.
The high-grade core of a porphyry will typically have ~1-3% copper sulfide with moderate chargeability values, surrounded by a highly chargeable halo of up to 10% disseminated pyrite.
Moderate chargeability anomaly near surface at the Big Cut Skarn provides an additional satellite drill target.
3D magnetic inversion reveals magnetic highs potentially associated with a potassic core.
Soil sampling, mapping, and prospecting planned to cover extensions of newly identified geophysical targets.
Preparations underway for commencement of the 2024 drill program. The Company plans to provide updates once mobilization of drill rigs begins.
Chris Paul, CEO and Director of the Company, noted: "We're pleased to showcase the much-anticipated results of our 2023 deep-seeking geophysics in advance of the upcoming drill campaign. We now recognize that the initial 2022 IP survey covered just a small portion of a much larger system which shows the potential for multiple porphyry centers. We see patterns in the magnetics, conductivity, and chargeability that are consistent with typical zoning of a large porphyry system, including a magnetic and conductive core surrounded by a strong chargeability halo. In 2023, we found the copper grades to be increasing towards what we now see as the most prospective targets on the Property. We're excited to test these new high priority targets for the first time, as we expand our search for the potential high-grade core."
https://finance.yahoo.com/news/hercules-silver-showcases-2023-deep-110000536.html
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