Thread by @TheLastDegree

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 👇🧵

/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/

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...

🥁

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/

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

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

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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

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The company i have been talking about is Hercules Silver.
$BIG.v
#FF @HerculesSilver_

/end