Hercules Metals (TSXV: BIG) has identified a potential trend of elevated hypogene copper-silver enrichment through ongoing exploration at its Hercules Property in Western Idaho.
The company this morning said that the potential trend is being tested in two directions, with two drill rigs currently focused on step-out drilling to the northeast and southwest of the 2023 discovery area. A third rig meanwhile is conducting reconnaissance drilling across the property.
“Drilling is now vectoring toward the potential feeder structures for the hypogene enrichment event, which added copper and silver to the shallowest part of the system, beneath the unconformity,” commented CEO Chris Paul.
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A total of 4,600 metres are said to have been drilled under the current campaign, resulting in a total of 12 holes being drilled. Of those holes, six are completed, three have been abandoned, while three remain in progress.
Hercules has reportedly encountered a large fault zone, which it refers to as the BN Fault, which has been impacting the ability to drill the region due to challenging ground conditions. Holes HER-24-09, and HER-24-09b were reportedly terminated due to those ground conditions, while hole HER-24-06 was stopped out at a depth of 640 metres. That fault is now said to have been mapped out sufficiently in 3D, enabling future holes to avoid intersecting it.
READ: Hercules Silver Begins 20,000 Metre Drill Program Targeting 2023 Discovery
“Having drilled over 1 kilometer of strike along the Leviathan Porphyry this year has given us a much better understanding of certain key structural controls, which better guides our targeting of hypogene enrichment. Blind drilling has its logistical challenges, but new information is gained from each hole, which allows us to increase efficiency moving forward,” continued Paul.
A deep RC drill rig meanwhile is being added to the exploration campaign, which is able to drill to depths of 1,200 metres, which is to be used to retest the length of the current anomaly that was being targeted before intersecting the BN Fault.
Hercules Metals last traded at $0.62 on the TSX Venture.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
