Bald Eagle Gold Corp. entered into a share purchase agreement to acquire a 100% interest in the Leviathan proper-
ty located in the Heath Mining District of Washington County, Idaho. The property is composed of 65 unpatented mineral claims. The Leviathan is located immediately east of and adjoins the company’s recently acquired Hercules silver property. The company will acquire the property by purchasing all of the issued and outstanding common shares of Frontier Metals Canada Holdings Corp.
The Leviathan property expands Bald Eagle’s total land position to 2,209 acres in this highly prospective area.
Historical surface sampling indicates that the silver mineralization on the Hercules Property extends on to the northern portion of the Leviathan, which provides the company with additional targets to increase the overall strike length of the mineralized system. Significant copper mineralization is also present within the volcanic rocks at surface on Leviathan, suggesting a potential porphyry copper system may be present at depth.
“We are very excited to be expanding our Hercules silver project in the mining friendly jurisdiction of Idaho,” President and Director Raymond Harari said. “The Leviathan acquisition provides us with a much larger land package of prospective ground on which to explore and expand the currently known mineralization. Our geological team is currently preparing a field exploration program for the newly acquired ground, to be executed over the coming weeks.”
Idaho is a top ranked jurisdiction for mining and mineral exploration internationally, and we are excited to begin exploring and generating news flow on the project.”