Hercules Silver Further Defines New Porphyry-style Copper Anomaly At The Leviathan Zone

Discussion in 'Penny Stocks' started by Higham, Aug 31, 2022.

  1. Higham

    Higham New Member

    Joined:
    Aug 2022
    Posts:
    2
    Likes Received:
    0
    • Infill soil sampling provides higher resolution to new copper-gold anomaly
    • New anomaly spans 2.7 kilometers east-west and 1.7 kilometers north-south
    • 43 select rock grab samples collected, with 15 returning over 1% copper, up to a maximum of 8.2% copper1
    • Copper anomaly overlaps with anomalous silver and zinc at the Belmont Zone, suggesting a potentially high-temperature core area of the silver system
    • Mapping has outlined a large zone of clay alteration partially overlapping the copper anomaly
    • Intrusive rocks mapped on the west side of the copper anomaly may represent a possible source of mineralization
    • A circular zinc halo suggests a zonation of metals around a central heat source
    • Large bedrock sampling program underway on untested outcrops across the Property
    TORONTO, Aug. 31, 2022 /CNW/ - Hercules Silver Corp. ("Hercules Silver" or the "Company") (TSX-V: BIG) (OTCQB: BADEF) (FWB: 6W0) is pleased to report results of further infill and expansion sampling at its new Leviathan Zone copper-gold soil anomaly, immediately adjacent to the 5.5-kilometer disseminated silver-lead-zinc system on its 100%-owned Hercules Silver Project in Idaho ("Hercules", or the "Property"). The copper-gold anomaly may represent a possible porphyry copper system, with lenses of skarn that are similar to mineralization at the past-producing Railroad Mine located adjacent to the east of Hercules. Select rock grab samples from within the anomaly have graded from nil to 246 g/t silver with 8.2% copper. The strong silver grades may be derived from skarn lenses within the volcanics or alternatively, may be related to the nearby Copper Cliff Mine, a copper-silver system historically mined by Noranda from the same volcanic formation located to the north of the Property in the nearby town of Cuprum, ID2. The presence of intrusive rocks at surface, strong alteration and widespread copper oxide staining provides encouragement for a significant hydrothermal system. An extensive bedrock sampling program is now underway, collecting 2-meter chip samples from outcrops within various soil anomalies on the Property.
     
Tags:

Share This Page