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Hercules Metals Provides Positive Update
on its 2025 Drilling Campaign
2025 drilling validating new 3D geological model; more drill rigs added to the property
Toronto, Ontario / June 23, 2025 – Hercules Metals Corp. (“Hercules” or the “Company”) (TSX-V: BIG) (OTCQB: BADEF) (FRA: C0X) is pleased to provide an update on drilling from its 2025 field season at its Hercules Property in western Idaho (the “Property”). The Company reports that initial drill holes from the 2025 drilling campaign are validating the breakthrough 3D geological model announced in April 2025, and as a result, the Company has elected to ramp up production from three (3) to five (5) drill rigs.
Highlights
Two drill holes, (25-02 and 25-03), have been completed, and five are currently in progress (25-04, 25-05, 25-06, 25-07, and 25-08). 25-03 tested a gap in the block model, at a favourable orientation to cross-cut the mineralization, while 25-02 completed a 220-metre step-out to the northeast of 24-12. So far, over 3,000 metres have been drilled in 2025.
Importantly, northwest-oriented drilling is validating the 3D geological model developed by the technical team over the winter – now defining a shell of copper-molybdenum (“Cu-Mo”) mineralization around a central porphyry intrusion (the “Leviathan Target”).
Five drill rigs (four core and one Reverse Circulation (“RC”)) are now testing the system across 2.2 kilometres of strike. This increase, from three drill rigs at the outset of the 2025 campaign, accelerates production and reduces the all-in cost per metre.
RC pre-collars are now being used to efficiently advance through the cover sequence. Shortly after securing the RC contract early in the season, the Company elected to halt core drilling of hole 25-01 and reinitiate drilling with the RC rig on an adjacent pad (25-07), improving overall efficiency.
Approximately 1.3 kilometres of known strike are now being better defined, with a renewed focus on the dominant structural control identified in the Cu-Mo block model, highlighting strong grade potential around the contacts of the porphyry intrusion.
A series of step-out drill holes are also targeting along strike extensions, where chargeability and magnetic data highlight compelling growth potential under cover (Figures 2 and 3).
Ongoing targeting continues to support potential for additional, untested porphyry centres beneath both the Eastern Block and Western Deeps zones. The Eastern Block is defined by several kilometres of anomalous soil and rock chip geochemistry, while the Western Deeps hosts a parallel chargeability high that exceeds Leviathan’s anomaly in both size and amplitude (Figures 2 and 4).
Chris Paul, CEO and Director of Hercules Metals, commented, “Our 2025 campaign is off to an encouraging start. Initial drilling intercepts have demonstrated enough consistency with the geological model to confidently ramp up to five drill rigs and accelerate the program.
“We commenced the program with a series of high-priority holes, aimed northwest, testing a newly developed southeast-dipping structural model. As predicted by the model, holes have now intersected a shell of copper and molybdenum mineralization surrounding a central porphyry intrusion, bracketed on either side by a classic porphyry-style pyrite halo. Early indications also show a general trend of increasing grade around the porphyry’s contacts – a structural control which remains largely untested by previous drilling.
“We are now fully focused on rapidly delineating the full extent of the system and concurrently testing for higher-grade controls. Our objective is to better define true thickness along approximately 1.3 kilometres of known strike at Leviathan, while extending the system along trend where anomalous chargeability and magnetic data continue.”
Mr. Paul concluded, “I want to commend our technical team for an outstanding geological model developed over the winter, and their cost-effective management of the ongoing drill program. In a short period of time, they’ve significantly improved both targeting accuracy and overall drilling productivity. We have a substantial amount of drilling still ahead of us, and I look forward to providing further updates as the season progresses.”
Figure 1: 2025 drilling at the Leviathan Target, showing holes completed, in progress, and planned, relative to the footwall and hanging wall targets on either side of the central Leviathan Porphyry.
Figure 2: Chargeability – 2025 drilling at the Leviathan Target, relative to chargeability 450m below surface. The geophysical pattern is consistent with a classical porphyry copper system, with a low chargeability core flanked by a high chargeability halo. In this case, chargeability extends into the untested Grade Creek and Southern Flats zones, while a secondary target, the Western Deeps, lies buried beneath a down dropped fault block to the west.
Figure 3: Drone Magnetics – 2025 drilling at the Leviathan Target, relative to total magnetic intensity. Similar to chargeability, magnetic data suggests continuity northeast into the untested Grade Creek Zone and beyond. In the south, magnetic intensity increases before encountering post mineral basalt which conceal the magnetic signature beneath Southern Flats. Chargeability data however suggests potential for continuity in both directions.
Figure 4: Surface Geochemistry - 2025 drilling at the Leviathan Target relative to an exposed part of the system with strong soil and rock chip geochemistry in the Eastern Block Zone. Shown in white are a series of conceptual drill holes, subject to modification, that will test for a parallel centre beneath Eastern Block.
Qualified Person
The scientific and technical information in this news release has been reviewed and approved for disclosure by Dillon Hume, P.Geo. and Vice President, Exploration for the Company. Mr. Hume is a "Qualified Person" for Hercules Metals within the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
About Hercules Metals Corp.
Hercules Metals Corp. (TSXV: BIG) (OTCQB: BADEF) (FWB: C0X) is an exploration Company focused on developing America’s newest porphyry copper district, in Idaho.
The 100% owned Hercules Project located northwest of Cambridge, hosts the newly discovered Leviathan porphyry copper system, one of the most important new discoveries in the region to date. The Company is well positioned for growth through continued drilling, supported by a strategic investment from Barrick Mining Corp.
With the potential for significant scale, the Company’s management and board of directors aims to build on its proven track record which includes the discovery and development of numerous precious metals projects worldwide.
For further information please contact:
Chris Paul
CEO & Director
Telephone: +1 (604) 670-5527
Email: chris@herculesmetals.com
Dillon Hume
VP, Exploration
Telephone: +1 (604) 283-2043
Email: dhume@herculesmetals.com
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. Any securities referred to herein have not and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws of an exemption from such registration is available.
Disclaimer for Forward-Looking Information
This news release contains certain information that may be deemed “forward-looking information” with respect to the Company within the meaning of applicable securities laws. Such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information includes statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-looking information contained in this press release may include, without limitation, the expected execution of future exploration programs on the Property; assay results of future drill holes; results of operations, and the expected financial performance of the Company.
Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by its nature, forward-looking information involves assumptions and known and unknown risks, uncertainties and other factors which may cause our actual results, level of activity, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.
Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; the Covid-19 pandemic; adverse industry events; the receipt of required regulatory approvals and the timing of such approvals; that the Company maintains good relationships with the communities in which it operates or proposes to operate, future legislative and regulatory developments in the mining sector; the Company’s ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in Canada and generally; the ability of the Company to implement its business strategies; competition; the risk that any of the assumptions prove not to be valid or reliable, which could result in delays, or cessation in planned work, risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results will not be consistent with the Company’s expectations, as well as other assumptions risks and uncertainties applicable to mineral exploration and development activities and to the Company, including as set forth in the Company’s public disclosure documents filed on the SEDAR+ website at www.sedarplus.ca.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF HERCULES METALS AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE HERCULES METALS MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
https://mailchi.mp/9c64380bf3e3/hercules-metals-provides-exploration-update-18119897?e=b3ebb7f7bf
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Independent Study Finds Evidence of Hypogene Enrichment at Hercules, Outlining Greater Scale and Grade Potential
Toronto, Ontario / May 5, 2025 – Hercules Metals Corp. (“Hercules” or the “Company”) (TSX-V: BIG) (OTCQB: BADEF) (FRA: C0X) is pleased to announce the results of an independent study, focused on the high-grade enrichment zone at the Company’s Hercules Property in western Idaho (“Hercules” or the “Property”). The study, authored by independent consultant Jamie Wilkinson[1] (the “Wilkinson Report”), presents evidence that Leviathan’s shallow enrichment zone formed through a hypogene process known as “telescoping”, in which epithermal fluids overprinted and upgraded earlier porphyry mineralization. Unlike supergene enrichment, which is limited to narrow blankets of near-surface weathering, telescoping implies significantly greater scale and grade potential. The upcoming drill campaign will therefore focus on targeting the shallower levels of the system, where the porphyry and epithermal systems are believed to overlap.
Highlights
Telescoping of hypogene enrichment, occurs when a porphyry system is rapidly uplifted into a shallower high-sulfidation epithermal environment.
Microscopic examination of Leviathan’s enrichment zone reveals an assemblage of bornite-chalcocite-digenite-covellite-pyrite, with strong quartz-muscovite and trace advanced argillic alteration, consistent with a high-sulfidation epithermal upgrade (hypogene enrichment).
Vectoring towards thicker zones of hypogene enrichment requires a clear understanding of the structural evolution. While rapid uplift can enhance enrichment, it also heightens the risk of erosion. Preservation is highest where enrichment zones become quickly down-dropped and buried after their formation.
The Leviathan district was tilted and potentially down-dropped to the north-northwest, suggesting potential for enhanced preservation under cover in that direction.
The 2025 drill campaign is designed to test the newly developed geological model (outlined in a recent press release) which highlights potential for southeast dipping feeder structures, along which the enrichment may root far deeper than previously appreciated.
Despite being truncated by a supergene leach cap, no significant supergene enrichment is apparent.
Intense phyllic alteration and near-complete feldspar destruction, supressed formation of a supergene enrichment blanket beneath the leach cap. However, the presence of native copper in the leach cap of two adjacent drill holes offers a compelling vector for a potential exotic copper deposit.
Chris Paul, CEO and Director of the Company, commented, “Jamie’s report provides us with important insight into the origin and preservation of high-grade hypogene enrichment, significantly influencing our exploration strategy moving forward. Combined with input from the new 3D geological model, and the acquisition of a strategic mineral lease in areas of enhanced preservation potential, we’re now able to start directly testing for zones of thicker hypogene enrichment.”
Addressing the Origin of the Enrichment Zone
The Wilkinson Report was aimed at addressing whether the high-grade enrichment at Leviathan was the product of weathering (supergene) or a hydrothermal overprint (hypogene). The planar upper contact of the enrichment zone led to some speculation that it was a supergene enrichment blanket, created by erosion and leaching from above. However, new insight provided by the Wilkinson Report demonstrates strong evidence that the unconformity and leach cap crosscut, but do not upgrade, a pre-existing hypogene enrichment zone.
Although not conclusively identified, negligible volumes of potential supergene copper may occur within the high-sulfidation enrichment zone. However, the potential contribution of any unidentified supergene copper within the enrichment zone would be trivial, if anything.
The leach capping above, however, does contain supergene native copper in two drill holes, which may instead point to the potential for a distal exotic copper deposit.
Rethinking Scale
New 3D geological and structural modeling highlights a pronounced southeast dip to the system, encompassing the hypogene enrichment zone. Earlier drilling was based on a shallow, gently dipping blanket model; however, the enrichment is now interpreted to extend significantly deeper along southeast-dipping feeder structures. The upcoming northwest-oriented fence drilling campaign is specifically designed to test this revised model and evaluate the true vertical extent of enrichment along these newly defined structural controls.
Preservation Windows and Untested Potential
Approximately 1.6 km of Leviathan’s 4-km-long chargeability anomaly has been tested by drilling, within which, the enrichment zone has undergone leaching and erosion. However, new mapping and oriented core drilling has lead to a geological and structural model that highlights areas with greater preservation potential including:
Broad areas to the north and northwest, where tilting and rotation may have preserved progressively shallower Triassic geology under post-mineral cover.
Northwest of the BNA Fault, where the Western Deeps chargeability anomaly is interpreted to be down-dropped by several hundred meters. Depending how quickly the Western Deeps was down-dropped, buried and preserved, there may be much thicker zones of enrichment preserved. The Resolution Copper project in Arizona[2], represents an analogue to this structural/deposit model.
Resolution as a Potential Analogue
Figures 1 and 2 present northwest facing cross-sections of the geology and alteration at Resolution, from Hehnke et al. The Resolution porphyry system is interpreted to have undergone rapid uplift during formation, which resulted in substantial telescoping of its alteration and mineralization, including a late-stage high-sulfidation enrichment overprint, represented by the blue zone of “advanced argillic” alteration on Figure 2.
As uplift continued, the shallow part of the system, above the 1% Cu shell, was eroded, and imposed a leach cap, represented by the orange “supergene” alteration zone on Figure 2. However, prior to erosion of the 1% Cu shell, local tectonics reversed course quickly and down-dropped the deposit into a structural graben, burying it with over 1km of “Whitetail Conglomerate” and other post-mineral cover rocks (Figure 1). Although the deposit is now situated beneath 1.5 km of post-mineral cover, that rapid down-drop and burial is ultimately what preserved the high-grade part of the system from erosion. Post-mineral tilting has also since rotated the deposit approximately 25 degrees to the northeast as indicated by the basal contact of the Whitetail Conglomerate.
Another interesting analogue of note is that Resolution lacks any significant supergene enrichment.
Figure 1: Geological section through the Resolution copper deposit looking northwest[3].
Figure 2: Alteration section through the Resolution copper deposit looking northwest.
Figure 3: Figure extracted from the Wilkinson Report comparing automated SEM scans of intense quartz-muscovite alteration with disseminated bornite-chalcopyrite in the enrichment zone at Leviathan to a similar style of alteration and mineralization at the Resolution copper project in Arizona2.
Figure 4: District scale map, with dark shading over areas of post-mineral cover, indicating broad areas of increasing enrichment potential to the north and northwest.
Potential for Exotic Copper
The 1.6 km portion of the enrichment zone which has been tested so far at Leviathan shows effects of supergene leaching, without any immediate evidence for supergene enrichment below. The likely reason for this is destruction of the host rocks acid buffering capacity by the telescoped alteration. The Wilkinson report notes that extreme phyllic alteration at Leviathan resulted in near complete destruction of feldspars, which are a typical “trap” needed to re-precipitate copper in a supergene blanket. However, the absence of supergene copper in an underlying blanket, signals potential for the alternative method of supergene enrichment – a distal “exotic copper deposit” – which may occur at greater distances if a suitable chemical trap was encountered.
Highly acidic groundwater is interpreted to have transported copper, weathered and leached from the enrichment zone, downslope along a paleo groundwater flow path. It is yet to be determined which direction was downslope in a paleo-topographical setting, however modelling of the unconformity in 3D continues to reveal insights to the ~200-million-year (Ma) paleo-topography.
Tentatively, downslope is inferred to be the same direction as tilting, to the north-northwest. Possible evidence for this occurs in two drill holes, 24-08 and 24-11, situated to the north-northwest, each of which encountered supergene native copper in the leach cap. The metallic copper occurs along late carbonate veins that appear to have provided a suitable chemical trap to react with the acidic groundwater and re-precipitate the copper leached by weathering from the enrichment zone nearby. These may represent points along a potential paleo groundwater flow path, from leach cap to distal exotic copper deposit, if a larger chemical trap, such as an entire host rock composed of carbonate, rather than just small veins of it, was encountered along the groundwater flow path.
Figure 5: Supergene native copper in drill holes 24-08 and 24-12. Note the association with late carbonate veins (white), which appear to be near-completely replaced by metallic copper. Core is 3.3” diameter PQ.
Evidence for Hypogene Enrichment
The following lists the important geological factors that support the conclusion of a hypogene origin to the bornite-chalcocite dominated enrichment zone at Leviathan. Many features were observed under either petrographic microscope or automated SEM.
Thin sections show bornite intergrown with pyrite – a hallmark of high-sulfidation mineralization. Minor covellite, a typical high-sulfidation copper mineral, occurs as well.
Bornite contributes the majority of grade to the enrichment zone and significant quantities are only known to form in high temperature conditions. No significant resources of supergene bornite are known to exist globally. Under supergene conditions, bornite is only hypothetically stable in a very small theoretical stability field, illustrated by the red field in Figure 6, extracted from the Wilkinson Report.
Figure 6: Eh-pH Phase diagram extracted from the Wilkinson Report, showing the very small theoretical stability field of bornite in supergene conditions (red), within a larger stability field of chalcocite under similar conditions.
Under the microscope, bornite shows complex intergrowth with chalcocite, often as exsolution lamellae, which form during cooling through high temperatures.
Chalcocite coatings over chalcopyrite and pyrite – a hallmark of supergene enrichment – are not observed at Leviathan.
Chalcocite often occurs in veins at Leviathan, exhibiting a steel gray metallic lustre, characteristic of its hypogene habit. Supergene chalcocite, on the other hand, is a sooty black colour, with an earthy lustre, which remains to be seen at Leviathan.
SWIR analysis of drill core shows a strong correlation of hydrothermal muscovite within the enrichment zone, indicative of hypogene alteration.
Advanced argillic alteration, characteristic of high sulfidation epithermal systems, is identified both visually and by SWIR spectroscopy, albeit in relatively minor amounts. Pyrophyllite, a common advanced argillic mineral, is identified by SWIR in a number of drill holes. It occurs in narrow zones, consistent with potential telescoping along southeast dipping feeder structures. The Wilkinson Report tentatively identifies another possible advanced argillic mineral, dumortierite, in a number of samples. Although convincing, its definitive identification requires XRD confirmation.
The enrichment shows evidence of a hydrothermal zoning pattern. Mineralization transitions upward from a deep pyrite-chalcopyrite (intermediate sulfidation) assemblage, into a chalcopyrite dominant assemblage, and finally into a high-sulfidation bornite-chalcocite-covellite-digenite-pyrite assemblage at the shallowest depths. With the exception of drill hole 24-12, copper grades increase upward until truncating sharply at the leach cap, consistent with partial erosion and leaching of a hypogene enrichment zone, but inconsistent with a typical supergene enrichment profile.
Typical supergene enrichment zonation consists of a leach cap separated from an enrichment blanket by a transitional zone dominated by copper oxides/carbonates/sulfates (i.e. malachite, etc.) – a feature that has not been observed in drilling at Leviathan.
A lack of significant pyrite, or weathering products of pyrite, within both the leach cap and enrichment zone, suggest an overall low acid generating capacity, which is typically required to generate significant supergene enrichment.
[1] Wilkinson, J. 2025. Final Report on the Hercules Project Based on Site Visit, Petrographic Observations, Geochemistry and SWIR Alteration Logs. By Jamie Wilkinson. JJW Geoconsultants Ltd.
[2] This press release contains information about the Resolution Copper project in Arizona, owned by BHP (45%) and Rio Tinto (55%), which Hercules has no right to explore or mine. Readers are cautioned that mineral deposits at the Resolution Copper project are not indicative of mineral deposits on the Hercules Property. The geological comparison is for conceptual targeting only.
[3]Hehnke, C., Ballantyne, G., Martin, H., Hart, W., Schwarz, A, and Stein, H. 2012. Geology and Exploration Progress at the Resolution Porphyry Cu-Mo Deposit, Arizona. Society of Economic Geologists, Inc. Special Publication 16, pp. 147–166
Qualified Person
The scientific and technical information in this news release has been reviewed and approved for disclosure by Dillon Hume, P.Geo. and Vice President, Exploration for the Company. Mr. Hume is a "Qualified Person" for Hercules Metals within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
About Hercules Metals Corp.
Hercules Metals Corp. (TSXV: BIG) (OTCQB: BADEF) (FWB: C0X) is an exploration Company focused on developing Idaho’s newest copper and silver district.
The 100% owned Hercules Project located northwest of Cambridge, hosts the newly discovered Leviathan porphyry copper system, one of the most important discoveries in the region to date. The Company is well positioned for growth through continued drilling, supported by extensive historical and current exploration and a strategic investment by Barrick Gold.
With the potential for significant scale, the Company’s management and board of directors aims to build on its proven track record which includes the discovery and development of numerous precious metals projects worldwide.
For further information please contact:
Nisha Hasan
Investor Relations
Telephone: +1 (604) 425-1408
Email: nisha@herculesmetals.com
Chris Paul
CEO & Director
Telephone: +1 (604) 670-5527
Email: chris@herculesmetals.com
Dillon Hume
VP, Exploration
Telephone: +1 (604) 283-2043
Email: dhume@herculesmetals.com
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. Any securities referred to herein have not and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws of an exemption from such registration is available.
Disclaimer for Forward-Looking Information
This news release contains certain information that may be deemed “forward-looking information” with respect to the Company within the meaning of applicable securities laws. Such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information includes statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-looking information contained in this press release may include, without limitation, the expected execution of future exploration programs on the Property; assay results of future drill holes; results of operations, and the expected financial performance of the Company.
Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by its nature, forward-looking information involves assumptions and known and unknown risks, uncertainties and other factors which may cause our actual results, level of activity, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.
Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; the Covid-19 pandemic; adverse industry events; the receipt of required regulatory approvals and the timing of such approvals; that the Company maintains good relationships with the communities in which it operates or proposes to operate, future legislative and regulatory developments in the mining sector; the Company’s ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in Canada and generally; the ability of the Company to implement its business strategies; competition; the risk that any of the assumptions prove not to be valid or reliable, which could result in delays, or cessation in planned work, risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results will not be consistent with the Company’s expectations, as well as other assumptions risks and uncertainties applicable to mineral exploration and development activities and to the Company, including as set forth in the Company’s public disclosure documents filed on the SEDAR+ website at www.sedarplus.ca.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF HERCULES METALS AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE HERCULES METALS MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
https://mailchi.mp/fdcbc4e67f5e/hercules-metals-provides-exploration-update-18118844?e=b3ebb7f7bf
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New Presentation on home page .
https://www.herculesmetals.com/
BIG.v looking like value will be recognized . Great investment shaping up .
Hercules Silver Announces Name Change to Hercules Metals
Toronto, Ontario--(Newsfile Corp. - June 25, 2024) - Hercules Silver Corp. (TSXV: BIG) (OTCQB: BADEF) (FSE: 8Q7) ("Hercules Silver" or the "Company") is pleased to announce that further to its press release on June 17, 2024, effective June 28, 2024, the Corporation has changed its name from Hercules Silver Corp. to "Hercules Metals Corp." (the "Name Change"). The stock symbol on the TSX Venture Exchange (the "TSXV") will not be changed and will remain trading under "BIG". Effective market open on June 28, 2024, the Company will begin trading under its new name, reflecting its diversified metals portfolio, including the newly discovered porphyry copper target at the Hercules Project in Idaho.
Also, at the annual and special meeting of shareholders held on June 17, 2024, the Corporation's shareholders also confirmed and approved an amendment to By-Law No. 1 of the Corporation as approved by the board of directors of the Corporation and as set forth in the management information circular of the Corporation dated May 6, 2024 to, among other things, remove reference to a 6 months provision in section 9.01 of the By-Law No. 1. The full text of the amendment of By-Law No. 1 will be available on SEDAR+ under Hercules' profile at www.sedarplus.ca. The TSXV has also conditionally approved the amendment of By-Law No. 1.
No action will be required by existing shareholders with respect to the Name Change. Certificates representing common shares of the Company will not be affected by the Name Change and will not need to be exchanged. The Company encourages any shareholder with any questions or concerns to contact the Company or to discuss any of the foregoing with their broker or agent.
The Company also announces that it has granted 200,000 incentive stock options (the "Options") to an employee, with an effective date of June 24, 2024. The Options will vest in four equal tranches over 24 months from the grant date of June 24, 2024. The Options are exercisable for a period of 5 years have an exercise price of $0.60 per common share. The Options were granted pursuant to the Company's omnibus incentive plan approved by shareholders.
About Hercules Silver Corp.
Hercules Silver Corp. (TSXV: BIG) (OTCQB: BADEF) (FSE: 8Q7) is an exploration Company focused on developing Idaho's newest copper and silver district.
The 100% owned Hercules Project located northwest of Cambridge, hosts the newly discovered Leviathan porphyry copper system, one of the most important discoveries in the region to date. The Company is well positioned for growth through continued drilling, supported by extensive historical and current exploration and a strategic investment by Barrick Gold.
With the potential for significant scale, the Company's management and board of directors aims to build on its proven track record which includes the discovery and development of numerous precious metals projects worldwide.
For further information please contact:
Nisha Hasan
Investor Relations
Telephone +1 (604) 425-1408
Email: nisha@herculessilver.com
Chris Paul
CEO & Director
Telephone +1 (604) 670-5527
Email: chris@herculessilver.com
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. Any securities referred to herein have not and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws of an exemption from such registration is available.
Disclaimer for Forward-Looking Information
This news release contains certain information that may be deemed "forward-looking information" with respect to the Company within the meaning of applicable securities laws. Such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information includes statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-looking information contained in this press release may include, without limitation, the expected completion of the name change; expected execution of future exploration programs on the Property; results of operations, and the expected financial performance of the Company.
Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by its nature, forward-looking information involves assumptions and known and unknown risks, uncertainties and other factors which may cause our actual results, level of activity, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.
Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; the Covid-19 pandemic; adverse industry events; the receipt of required regulatory approvals and the timing of such approvals; that the Company maintains good relationships with the communities in which it operates or proposes to operate, future legislative and regulatory developments in the mining sector; the Company's ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in Canada and generally; the ability of the Company to implement its business strategies; competition; the risk that any of the assumptions prove not to be valid or reliable, which could result in delays, or cessation in planned work, risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results will not be consistent with the Company's expectations, as well as other assumptions risks and uncertainties applicable to mineral exploration and development activities and to the Company, including as set forth in the Company's public disclosure documents filed on the SEDAR+ website at www.sedarplus.ca.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF HERCULES SILVER AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE HERCULES SILVER MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
https://herculessilver.com/news-release/?qmodStoryID=8817881422256361
Weekly Chart
A poster at stockhouse.ca . Has some experience and doesn't pump , Retiredgeo .
https://stockhouse.com/companies/bullboard/v.big/hercules-silver-corp?postid=36008788
Hercules Silver Showcases 2023 Deep-Seeking Geophysics in Advance of 2024 Drilling
Tue, Apr 9, 2024
Toronto, Ontario--(Newsfile Corp. - April 9, 2024) - Hercules Silver Corp. (TSXV: BIG) (OTCQB: BADEF) (FSE: 8Q7)("Hercules Silver" or the "Company") is pleased to showcase the results of its 2023 deep-seeking 3D induced polarization ("IP"), direct current resistivity and drone magnetic geophysics over the area to be drill tested in 2024, revealing multiple prospective targets, coincident with the direction of increasing copper porphyry grades seen in the initial 2023 deep discovery holes drilled at its Hercules Property in western Idaho ("Hercules" or the "Property").
Highlights
Conductivity anomaly below historical mining at the Belmont Zone.
High grade cores of porphyry copper systems can often have highly conductive copper sulfide vein networks, making Belmont a potential target for a high grade core at depth.
High grade chalcocite, typical of the porphyry enrichment blanket, was recently found on historical waste dumps at Belmont, indicating 1870's mine tunnels may have reached the top of the porphyry system.
Kilometers of prospective chargeability from Belmont to Grade Creek.
The high-grade core of a porphyry will typically have ~1-3% copper sulfide with moderate chargeability values, surrounded by a highly chargeable halo of up to 10% disseminated pyrite.
Moderate chargeability anomaly near surface at the Big Cut Skarn provides an additional satellite drill target.
3D magnetic inversion reveals magnetic highs potentially associated with a potassic core.
Soil sampling, mapping, and prospecting planned to cover extensions of newly identified geophysical targets.
Preparations underway for commencement of the 2024 drill program. The Company plans to provide updates once mobilization of drill rigs begins.
Chris Paul, CEO and Director of the Company, noted: "We're pleased to showcase the much-anticipated results of our 2023 deep-seeking geophysics in advance of the upcoming drill campaign. We now recognize that the initial 2022 IP survey covered just a small portion of a much larger system which shows the potential for multiple porphyry centers. We see patterns in the magnetics, conductivity, and chargeability that are consistent with typical zoning of a large porphyry system, including a magnetic and conductive core surrounded by a strong chargeability halo. In 2023, we found the copper grades to be increasing towards what we now see as the most prospective targets on the Property. We're excited to test these new high priority targets for the first time, as we expand our search for the potential high-grade core."
https://finance.yahoo.com/news/hercules-silver-showcases-2023-deep-110000536.html
Drilling should start shortly . 3D IP shows lots of promise . video's on Youtube . Lots of news on web site .
You can lead a horse to water . Best of luck .
Hercules Silver Reports Broad Intervals of Silver Including 112.2 Meters of 193 g/t Ag, 0.2% Pb, 0.4% Zn at the Hercules Adit and Belmont Zones
Newsfile Corp.
Wed, Feb 28, 2024
Toronto, Ontario--(Newsfile Corp. - February 28, 2024) - Hercules Silver Corp. (TSXV: BIG) (OTCQB: BADEF) (FSE: 8Q7) ("Hercules Silver" or the "Company") is pleased to report strong silver-lead-zinc results from shallow holes drilled into the Upper Plate above the new Leviathan porphyry copper discovery at its Hercules Silver Property located in western Idaho ("Hercules" or the "Property").
These results showcase the presence of a significant silver system above and potentially related to the Leviathan porphyry copper discovery. Grade and continuity are seen to increase to the northwest, toward the Hercules Adit Zone, in a similar pattern to the underlying porphyry copper system.
HER-23-17 extended the high-grade Hercules Adit footwall shoot down plunge, with 11.3 Meters of 1,660 g/t Ag, 0.7% Pb, 1.75% Zn, one of the best silver intercepts on the Property, within an overall 112.2 Meters of 193 g/t Ag, 0.2% Pb, 0.4% Zn.
HER-23-19 intersected a potentially new mineralized shoot at the hanging wall contact of the Hercules Adit Zone, returning 15.3 Meters of 359 g/t Ag, 0.4% Pb, 0.4% Zn.
HER-23-13 intersected 100.1 Meters of 64 g/t Ag, 0.14% Pb, 0.49% Zn including 6.1 Meters of 413 g/t Ag, 1.1% Pb, 1.7% Zn.
HER-23-09 intersected 32.2 Meters of 167 g/t Ag, 0.17% Zn.
HER-23-22 intersected 58.8 Meters of 140 g/t Ag, 0.43% Pb, 0.69% Zn including 13.7 Meters of 280 g/t Ag, 0.3% Pb, 0.8% Zn.
HER-23-23 intersected 43.9 Meters of 138 g/t Ag, 0.37% Pb, 0.32% Zn including 1.5 Meters of 1,450 g/t Ag, 1.06% Pb, 0.17% Zn.
The highest silver grades are concentrated at the Hercules Adit Zone, indicating a strengthening trend to the north, in alignment with the copper mineralization observed in the underlying porphyry copper system (Refer to the Company's January 22, 2024 News Release).
The Hercules Adit Zone continues to remain open down plunge, extending towards a potential porphyry copper target.
Planning for the 2024 drill campaign is underway, with the program scheduled to commence when weather conditions permit. Additional details regarding the drill plan will be disclosed as targets are finalized.
In a similar pattern to the increasing copper grades reported in the Lower Plate, the silver grades also appear to increase in a northerly direction, with the most promising grades found at the Hercules Adit Zone (Refer to Figures 2 and 3). This correlation suggests a potential relationship between the two mineralization styles, possibly representing different levels within a porphyry system.
Large porphyry systems are often characterized by successive episodes of mineralization. In the later stages of certain systems, shallow silver mineralization may migrate up vertical structures above the porphyry center, and extend laterally across favorable host units, such as the Hercules Rhyolite. It's possible that the gently dipping silver within the Hercules Rhyolite may originate from a vertical feeder structure above a porphyry center.
https://finance.yahoo.com/news/hercules-silver-reports-broad-intervals-130000356.html
Hercules Silver: Phase II Drilling Underway
Mon at noon CEO and Governor of Idaho interview on You-Tube . Canadian board ceo.ca/big
Wow, that’s some prediction ..so the stock either go down or go up. I got to come back more often and check these post. If so informative.-BWAHAHAHAHA
Dude, you are so pathetic and predictable.
I don’t own this stock but I knew 100% you would comment.
LMFAO.
What a loser!
I never ever post on a board I invest in.
But I love finding POS scams like your failed pump MJWL and now BETS.
BWHAHAHAHAHAHAHAHA
Huge coordinated pump here. Doesn’t mean it won’t go higher.
But if those next results aren’t spectacular, then it will crash 50% like NILI.
Good luck.
New large deposit in Idaho . Drilled into an existing discover and found a phophery below it . High grade .
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