Bald Eagle Releases 3D Model of Hercules Silver Property Prepared by Goldspot Discoveries
Bald Eagle Releases 3D Model of Hercules Silver Property
Prepared by Goldspot Discoveries
/NOT FOR DISSEMINATION IN
THE UNITED STATES
OR FOR DISTRIBUTION TO U.S. WIRE SERVICES/
TORONTO
,
March 9, 2022
/CNW/ -
Bald Eagle Gold Corp.
("
Bald Eagle
" or the "
Company
") (TSXV: BIG) (OTCBQ:
BADEF) (FSE: 6W0) Is pleased to announce that Goldspot Discoveries Corp. ("
Goldspot
" or "
Goldspot Discoveries
") has
completed a three-dimensional (3D) geological model for the Hercules Silver Project located in the Heath Mining District of
Washington County, Idaho
("
Hercules
", or the "
Property
"). The model incorporates the recently digitized historical exploration
and drilling data, including over 300 historical drill holes, soil sample geochemistry, geological mapping, cross-sections, IP
geophysics, and government Light Detection and Ranging (LiDAR) imagery. A fly-by video showcasing the mineralization,
geology, geophysics and soil geochemistry in 3D has been posted to the Company's website and can be found through the
following link:
https://baldeaglegold.com/3d-model/v/hercules-3d-model
View News Release with Figures:
https://baldeaglegold.com/big-news/bald-eagle-releases-3d-model-of-hercules-silver-property-prepared-by-goldspot-discoveries
Geological Model
Higher-grade mineralization is hosted at the lower contact of the Hercules Rhyolite with the underlying andesite unit. Modelling
these important units in 3D allows for the visualization of the structurally complex contact between the units, which can be used
to precisely target the bottom of the mineralized horizon in upcoming drill campaigns.
The geological model incorporates data from both historical 2D surface geology maps and cross-sections as well as lithological
information from over 300 historical drillholes. In addition to its use in targeting extensions of the mineralized zones, the model
reveals many historical drill holes which were in fact terminated short of the important mineralized lower horizon.
Block Model
A block model of the historical silver mineralization was developed by Goldspot Discoveries using kriging methods in Seequent
Leapfrog software. Goldspot's modelling team applied trends to the data which connect the mineralized intercepts between
historical drill holes. The resulting model indicates that mineralization dips to the northwest at the Hercules Adit and to the
southwest at Fishpond. These dips are consistent with a northwest-plunging fold hinge, as observed in the Hercules Rhyolite on
surface. The hinge area of the interpreted fold has not been tested by historical drilling. Downdip extensions of the interpreted
limb regions remain open as well.
The block model provides the first-ever 3D visualization of silver mineralization defined by historical drilling on the Property. The
model will be used to guide the planning of a 2022 drill program which will be aimed at testing the down-plunge extensions at
the Fishpond and Hercules Adit zones, as well as confirming important historical intercepts. Provided the confirmation drilling
and other planned technical work programs verify the historical results, the Company intends to use the data in the estimation
of a mineral resource for the Property under current CIM definitions and utilizing current industry best practices.
Induced Polarization (IP) Geophysical Data
Two historical IP geophysical surveys were conducted on the Property, one of which highlighted a large region of anomalous
chargeability in the northeastern portion of the Property, which has not previously been drill tested. Earlier this year, SJ
Geophysics was engaged to digitize the raw 2D IP and resistivity data from both surveys and run modern 3D inversion
algorithms on the data. The resulting chargeability and resistivity models were incorporated into the Leapfrog model (Figure 3).
Anomalous chargeability values correlate with known mineralization at the Hercules Adit and form a halo that surrounds and
overlaps the mineralization at Fishpond. The strongest and largest chargeability anomaly occurs in a region between the
Hercules Ridge and Grade Creek zones, which was not previously drill tested by truck mounted rigs, due to the relatively steep
terrain. The untested IP anomaly is also coincident with the strongest silver-in-soil anomaly and provides a high priority
exploration target.
The historical IP surveys cover just a small portion of the Property between the Fishpond/Hercules Adit and Grade Creek
zones. The Haystack,
Belmont
and extensive portions of the host Hercules Rhyolite remain to be surveyed.
Management Commentary
Chris Paul
, CEO of Bald Eagle, comments: "We are very pleased with the resulting 3D model developed by Goldspot
Discoveries. Being able to visualize the geometry of the mineralization in three dimensions is helping greatly with our 2022 drill
planning. When working with such a large volume of historical drill assay data, the modern 3D software provides an excellent
tool for understanding the geometry of the mineralization and targets for expansion. The ability to overlay drilling, geology,
geophysics and surface geochemistry data in three dimensions provides us with a powerful drill planning tool, which was not
available to the past operators in the 1960's, 70's and 80's."
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 & 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 the 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.
Visit our website:
www.baldeaglegold.com
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 or 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.
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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]; Or visit our website:
www.baldeaglegold.com
CO: Bald Eagle Gold Corp.
CNW 08:30e 09-MAR-22