New Porphyry-Style Copper Anomaly On Consolidated Hercules Land Package

TORONTO - Bald Eagle Gold Corp. has completed its interpretation of 2021 soil sampling data, and is pleased to report a new 2-kilometer diameter copper soil anomaly, immediately adjacent to the CRD-style silver-lead-zinc mineralization on it's Hercules Silver Project in Idaho. The size and grade of the newly discovered anomaly, which remains open under cover to the south, is consistent with a significant porphyry copper system that may have been a feeder system to the adjacent silver-rich CRD mineralization. The latter is defined by over 300 historical drill holes on the Property. Select grab samples grading up to 8.2% copper were collected from within the new zone by soil sampling crews and Company geologists who noted the presence of abundant copper oxide staining of outcrops and a strongly altered corridor of phyllic alteration, consistent with the upper levels of a porphyry system. As a result of this exciting new anomaly, an additional 990 soil samples were collected in May of this year, infilling the copper anomaly to 50x50-meter spacing.

The discovery of a new 2-kilometer diameter copper-gold anomaly further increases the size of an already large-scale mineralizing system at Hercules. Importantly, the anomaly's location – adjacent to high-grade silver-lead-zinc – is consistent with a potential feeder system for the historically-defined CRD mineralization in the overlying Hercules Rhyolite.

Chris Paul, CEO and Director, said, "The discovery of a large new copper anomaly is a major development for Hercules and a confirmation of the CRD-style deposit model discussed in our 2021 Technical Report. The copper in soils data appears to confirm the position of the Hercules silver-lead-zinc system within a larger porphyry-style system. With the soils data, we believe that we have located evidence for the potential feeder zone to the CRD-style silver system. This has significant implications on the future exploration and development of the Property. CRD systems are in many cases a feature of metal zoning around nearby porphyry copper systems, which can be challenging to locate but can sometimes present a vector towards higher silver-lead-zinc grades within the CRD-style portion of the system, and can also contain high tonnages of economically attractive copper and/or moly values within the porphyry-style portion of the system. This new insight into metal zonation at Hercules has considerably improved our understanding of the mineralizing system compared to historical models and will help guide our maiden 2022 drill campaign."