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Bald Eagle Gold Corp., a junior mining enterprise, is dedicated to acquiring, exploring, and developing resource properties across the United States. Its exploration initiatives primarily target deposits of silver, lead, zinc, and manganese. The company's key asset is the Hercules Silver property, situated in Washington County, Idaho. Notably, the firm changed its name to Bald Eagle Gold Corp. in March 2021, having previously been known as Wolf Acquisition Corp. This Canadian-headquartered company operates from Toronto.
Toronto, Ontario--(Newsfile Corp. - August 7, 2026) - Hercules Metals Corp. (TSXV: BIG) (OTCQB: BADEF) (FSE: C0X) ("Hercules" or the "Company") announces that it has granted 2,350,000 incentive stock options (the "Options") to certain officers, directors, and consultants of the Company. The Options vest in three equal tranches, with one-third vesting immediately, and the remaining two-thirds vesting on the first and second anniversaries of the grant date, respectively.
C$4.5 Million Personal Investment by Incoming Management: In connection with their recently announced appointments, George Ogilvie and the other members of the former Arizona Sonoran Copper Company Inc. team (collectively, the "Arizona Sonoran Team") committed to personally invest an aggregate of C$4.5 million in Hercules through a non-brokered private placement, to align their interests with shareholders and demonstrate conviction in the underlying value of Leviathan and the Company's new strategic direction. Following the separate announcement of the Arizona Sonoran Team appointments on July 30, 2026, the Company is now announcing its intention to complete a non-brokered private placement to facilitate this investment (the "New Management Investment").
Renowned Mining Executive Appointed as President and CEO: Effective September 1, 2026, George Ogilvie, P.Eng., will assume the role of President and Chief Executive Officer, and join the board of directors of Hercules Metals.
Seven Completed Survey Lines Highlight a 1.8-Kilometer Anomaly with Geometry and Intensity Comparable to the Leviathan Discovery Survey Completed: Approximately 28 line-kilometers of induced polarization ("IP") surveying have now been completed across seven lines at the Hook target, expanding upon a previously announced reconnaissance line which returned exceptionally high chargeability, up to 40 mV/V. Strong Continuity: The completed survey has now outlined the chargeability feature extending over a strike length of ~1.8 kilometers.
Drilling and IP Surveying Also Underway at Hook Target, Investigating the Strongest Near Surface Chargeability Anomaly on the Property HER-25-21 extends Leviathan's Footwall Zone to the southwest, returning: 801.6 m of 0.40% CuEq (0.30% Cu, 82 ppm Mo, 5.3 g/t Ag, 0.01 g/t Au) And Incl. 107.8 m of 0.52% CuEq (0.43% Cu, 104 ppm Mo, 1.8 g/t Ag, 0.02 g/t Au) And Incl.