11:27 AM EDT, 05/06/2024 (MT Newswires) -- Hercules Silver ( BADEF ) said Monday its the phase III drill program at the Hercules Silver Property in western Idaho is underway.

The company said three core drilling rigs are now fully mobilized and drilling the first three holes of the 20,000-meter drill program at the property.

The program will consist of drilling 200-meter centers along NW-SE fences, starting west of the 2023 discovery area.

The program will test new magnetic anomalies and conductivity and chargeability anomalies identified by a 2023 deep-seeking 3D-induced polarization survey.

The company's shares were last seen up C$0.035 to C$0.835 on the TSX Venture Exchange.

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