Hercules Metals (TSXV: BIG) has again intersected major intervals of copper mineralization at the Leviathan porphyry copper system, which is part of the Hercules project, in Idaho.
Highlights from the drill results include:
- HER-24-01: 0.44% copper, 64 ppm molybdenum over 154.87 metres from a depth of 256.37 metres, including 1.11% copper over 30.14 metres
- HER-24-04: 0.33% copper, 59 ppm molybdenum over 217.84 metres from a depth of 266.49 metres, including 0.55% copper over 57.06 metres
- HER-24-08: 0.47% copper, 82 ppm molybdenum over 480 metres from a depth of 242 metres, including 1.47% copper over 55 metres
The drill program, designed as a step out program to the initial discovery hole drilled in 2023, outlined a 1.6 kilometre by 1.1 kilometre oval-shaped enrichment blanket that remains open. Drilling is said to vector towards the potassic core of the system, while testing within a large untested soil anomaly.
“We are pleased with the grade and continuity returned over broad intervals in the system. The phyllic cap and hypogene enrichment blanket have expanded now to 1.6 km x 1.1 km, leading to new interpretations of the potential geometry and scale of the system. We’ve been able to work through drilling challenges faced at the start of the season and are now seeing strong production with the addition of Legacy’s RC rig. As production increases, it continues to generate new targets and vector us toward the core of the system,” commented Chris Paul, CEO of Hercules.
Drilling is said to be ongoing, with two diamond core rigs and one RC rig continuing to drill test the project. Drilling is said to be funded through to the end of 2025.
Hercules Metals last traded at $0.50 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.
