Bald Eagle Announces Completion of Data Compilation and Rebranded Corporate Presentation
BALD EAGLE ANNOUNCES COMPLETION OF DATA
COMPILATION AND REBRANDED CORPORATE
PRESENTATION
/NOT FOR DISSEMINATION IN
THE UNITED STATES
OR FOR DISTRIBUTION TO U.S. WIRE SERVICES/
TORONTO
,
Feb. 28, 2022
/CNW/ - Bald Eagle Gold Corp., ("
Bald Eagle
" or the "
Company
") (TSXV: BIG) (OTCQB: BADEF) is
pleased to report that it has completed an extensive historical data compilation for the Company's recently acquired Hercules
Silver Property located in the Heath Mining District of
Washington County, Idaho
, USA ("
Hercules
", or the "
Property
"). The
historical data comprises IP geophysics, soil geochemistry, geological mapping, and 301 holes drilled on the Property from the
period 1965 to 1988. The data was scanned from physical drill logs, maps and reports which were held in storage for over 30
years by the Hercules' former project geologist. The scanned information has been imported into a digital database where all of
the exploration data on the Property is now stored. Compilation maps have been produced from the data, which are featured in
the full news release available on the Company's website and the newly updated corporate presentation, both of which are
available for download at the following links:
View News Release with Figures:
https://baldeaglegold.com/BIG-news/bald-eagle-announces-completion-of-data-compilation-and-rebranded-corporate-presentation
View New Corporate Presentation:
https://baldeaglegold.com/s/BIG-corporate-presentation.pdf
Historical Drilling Data
The geological information as well as the silver, lead and zinc analyses for 301 drill holes on the Property was digitized from
paper logs into an Excel spreadsheet format. The Company has also engaged Goldspot Discoveries Corp. to utilize the historical
drill data to develop a 3D model of the geology and mineralization on the Property, with a specific focus on the mineralization
within two historical resource areas at the Hercules Adit and the Fishpond Zones. The historical geophysical and surface
geochemical information will also be incorporated into the model and used in the planning of the Company's 2022 drill program on
the Property.
IP Geophysical Data
Two historical IP geophysical surveys were conducted on the Property, one of which was not followed up with drilling. The
chargeability data shows a good correlation with the known mineralization at the Fishpond and Hercules Adit zones and suggests
a good degree of continuity within undrilled regions between the mineralized zones. The strongest chargeability anomaly occurs in
an untested area between the Hercules Ridge and Grade Creek zones, an area that also exhibits the strongest silver-in-soil
anomaly on the Property.
Soil Geochemistry Data
Silver, lead, zinc and copper data was digitized from two historical soil geochemical surveys conducted over the known zones of
mineralization. The results demonstrate a very high background concentration of silver within the host Hercules Rhyolite unit, with
individual values of up to 605 g/t Ag (17.6 oz/t) in soil. A strong copper anomaly of over 1,000 ppm copper also occurs over the
Hercules Ridge-Grade Creek target area, suggesting the potential for nearby porphyry copper mineralization.
Historical Mapping
Several iterations of geological mapping were conducted during the 1960's through to the 1980's period. The Company has
digitized all of the historical mapping efforts and plans to use the historical information to help guide a 2022 mapping program,
focused on defining the extent of the mineralized Hercules Rhyolite unit.
Management Commentary
Chris Paul
, CEO and Director of Bald Eagle, commented: "We are excited to have completed the extensive historical data
compilation on the Hercules project, and recovered nearly all of the exploration data ever collected on the Property. The
replacement cost of the numerous mapping, geophysical and geochemical and drilling programs on the Property is estimated to
be on the order of several tens of millions of dollars. When factored into the total acquisition cost of less than half a million dollars
for a 100% interest in the project, we consider this compilation to be a very significant development, as we look forward to
continuing to firm up our drill plan for 2022."
Qualified Person
The scientific and technical information in this news release has been reviewed and approved for disclosure by Donald E.
Cameron, MSc, a Registered Member of the Society for Mining. Metallurgy and Exploration, Inc., a QP Member of the Mining &
Metallurgical Society of America and an independent "Qualified Person" for Bald Eagle within the meaning of National Instrument
43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"). To the best of his knowledge, the technical information
pertaining to the Hercules Silver Property, and discussion of it as disclosed in this news release is neither inaccurate nor
misleading; however, the technical information presented in this news release was collected prior to enactment of NI 43-101 and
comprises paper records maintained by various companies that conducted exploration work on the Property. Details of the
sampling methods, security, assaying, and quality control methods used in the generation of this historical technical data are
unknown to Bald Eagle Gold Corp., and the results discussed herein cannot be, and have not been verified by Mr. Cameron for
the purposes of National Instrument 43-101, and should not be relied upon.
About Bald Eagle Gold Corp.
Bald Eagle Gold Corp. is a junior mining company focused on the exploration and development of the Hercules Silver Project,
northwest of
Cambridge, Idaho
. The Company's management team brings extensive and successful international experience with
a focus on identifying and acquiring prospective and under-explored precious metals properties worldwide. The board of
directors have an established track record of creating significant returns for investors and have demonstrated access to capital
to advance the development of assets.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in
the United States
.
Any securities referred to herein have not and will not be registered under the United States Securities Act of 1933, as amended
(the "
U.S. Securities Act
") or any state securities laws and may not be offered or sold within
the United States
or to U.S.
Persons unless registered under the U.S. Securities Act and applicable state securities laws of an exemption from such
registration is available.
Disclaimer for Forward-Looking Information
This news release contains certain information that may be deemed "forward-looking information" with respect to the Company
within the meaning of applicable securities laws. Such forward-looking information involves known and unknown risks,
uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments in
the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-
looking information. Forward-looking information includes statements that are not historical facts and are generally, but not
always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and
similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur.
Although the Company believes the forward-looking information contained in this news release is reasonable based on
information available on the date hereof, by its nature, forward-looking information involves assumptions and known and unknown
risks, uncertainties and other factors which may cause our actual results, level of activity, performance or achievements, or other
future events, to be materially different from any future results, performance or achievements expressed or implied by such
forward-looking information.
Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated
with general economic conditions; the Covid-19 pandemic; adverse industry events; the receipt of required regulatory approvals
and the timing of such approvals; that the Company maintains good relationships with the communities in which it operates or
proposes to operate, future legislative and regulatory developments in the mining sector; the Company's ability to access
sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry
and markets in
Canada
and generally; the ability of the Company to implement its business strategies; competition; the risk that
any of the assumptions prove not to be valid or reliable, which could result in delays, or cessation in planned work, risks
associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results will
not be consistent with the Company's expectations, as well as other assumptions risks and uncertainties applicable to mineral
exploration and development activities and to the Company, including as set forth in the Company's public disclosure documents
filed on the SEDAR website at
www.sedar.com
.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS
OF BALD EAGLE AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER
SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND
SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE BALD EAGLE MAY ELECT TO, IT
DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN
ACCORDANCE WITH APPLICABLE LAWS.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
SOURCE
Bald Eagle Gold Corp.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/February2022/28/c0240.html
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For further information:
Chris Paul, CEO & Director, Telephone (250) 717-3151, Email: [email protected];
Raymond D. Harari, President & Director, Telephone +507 6675-2221, Email: [email protected]
CO: Bald Eagle Gold Corp.
CNW 07:00e 28-FEB-22