High-Grade Gold Discovery and Infrastructure Advantages Set Midas Project Apart
Hecla Mining’s latest exploration results from Nevada’s Midas Project underscore the company’s commitment to leveraging systematic drilling and existing infrastructure. Early 2025 drilling at the two-mile Pogo Trend—previously untouched by modern exploration—uncovered a new high-grade gold structure, yielding 0.95 oz/ton gold and 0.6 oz/ton silver over 2.2 feet. This intercept included a remarkable 6.42 oz/ton gold over a short interval with visible gold present. With a permitted 1,200 tpd mill and near-empty tailings facility, the path toward restarting production at Midas appears clear and cost-effective compared to other development-stage projects.
Drilling Validates Large-Scale Vein Potential and Sustains Near-Term Growth Prospects
The exploration strategy at SE Midas focuses on uncovering fully preserved epithermal systems beneath extensive alteration zones. Success at both the Pogo and Sinter structures demonstrates Hecla’s ability to trace mineralization across major faults and expand the known mineralized footprint. Notably, follow-up on the Sinter Vein discovered a high-grade segment offset by 750 feet, interpreted as a potential new ore shoot—providing further evidence for resource growth in the area. Expansion drilling is ongoing, with additional results expected soon.
| Zone | Drillhole | True Width (ft) | Gold (oz/ton) | Silver (oz/ton) | Notable Intercepts |
|---|---|---|---|---|---|
| Midas – Pogo Trend | DMC-00461 | 2.2 | 0.95 | 0.6 | Including 6.42 oz/ton gold over 0.3 ft |
| Midas – Sinter Offset | DMC-00462 | 3.9 | 0.13 | 0.1 | Including 1.44 oz/ton gold over 0.3 ft |
Strategic Permitting Progress at Aurora Expedites Exploration Timeline
Meanwhile, the Aurora project received the coveted FAST-41 Transparency status from the U.S. government, positioning Hecla to fast-track federal permitting. A final decision expected in January 2026 will allow drill testing of several high-priority targets the same year. With a 600 tpd mill on-site and a legacy of high-grade historical production, Aurora is primed for new exploration phases targeting extensions of proven veins and previously untested systems.
Keno Hill’s Bermingham Deposit: New High-Grade Silver Ore Shoot Confirmed
Hecla’s 2025 Keno Hill program in Yukon yielded a major win below the existing Bermingham reserve. The company reported a standout drillhole intersecting 40.4 oz/ton silver over 12.5 feet—among the highest grades ever encountered in this area. The geometry suggests additional resource expansion potential where multiple mineralized veins intersect, keeping the system open for further step-out drilling. Table below highlights recent assay results from Keno Hill.
| Zone | Drillhole | True Width (ft) | Silver (oz/ton) | Gold (oz/ton) |
|---|---|---|---|---|
| Bermingham Main 2 | K-25-0933C | 13.6 | 3.1 | 0.00 |
| Bermingham Main 2 (inc.) | K-25-0933C | 1.8 | 13.6 | 0.00 |
| Bermingham Footwall | K-25-0933C | 2.7 | 13.7 | 0.00 |
| Bermingham Footwall (inc.) | K-25-0931B | 1.3 | 13.1 | 0.01 |
Greens Creek: Step-Out Drilling Confirms Ongoing Resource Expansion
Hecla’s Alaskan operations continue to demonstrate upside, as underground drilling extended the Gallagher mineralized zone by 550 feet and Northern 200 South by 150 feet. While individual intercepts are narrow, they prove that mineralized systems extend well beyond current resource boundaries, bolstering confidence in mine-life extension through targeted drilling.
Takeaway: Systematic Exploration Delivers Growth Optionality and Shareholder Value
Hecla’s integrated approach—blending systematic exploration, strategic permitting, and pre-existing processing infrastructure—continues to produce notable discoveries across multiple mining districts. With high-grade gold at Midas, compelling silver hits at Keno Hill, and incremental extensions at Greens Creek, Hecla stands poised to unlock near-term, capital-efficient production growth and extend the life of its asset base. The market will be watching for upcoming drill results, final permits at Aurora, and the company’s 2026 exploration strategy to see how these promising developments translate into value for shareholders.
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