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Hercules Metals Corp. - BADEF STOCK NEWS

Welcome to our dedicated page for Hercules Metals news (Ticker: BADEF), a resource for investors and traders seeking the latest updates and insights on Hercules Metals stock.

Hercules Silver Corp. (TSXV: BIG) (OTCQB: BADEF) is a junior mining company focused on the exploration and development of the 100% owned Hercules Silver Project in western Idaho. The company has reported strong silver-lead-zinc results from recent drilling, showcasing the presence of a significant silver system potentially related to the Leviathan porphyry copper discovery. With extensive historical drilling and new geophysical data, Hercules Silver Corp. is well positioned for growth through continued exploration. The company's management team brings significant experience in exploration and development of precious metals projects worldwide.

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Hercules Silver Corp. (TSXV: BIG, OTCQB: BADEF, FSE: 8Q7) announced a name change to Hercules Metals Corp., effective June 28, 2024. The new name reflects the company's diversified metals portfolio, including a new porphyry copper target at the Hercules Project in Idaho. The stock symbol on the TSX Venture Exchange will remain 'BIG'. Shareholders approved an amendment to By-Law No. 1 at the annual and special meeting on June 17, 2024, which removes a 6-month provision in section 9.01. No action is required from shareholders regarding the name change. Additionally, 200,000 stock options were granted to an employee, vesting over 24 months with an exercise price of $0.60 per share.

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Hercules Silver Corp. updated its Phase III drill program at the Hercules Property in Idaho, reporting 3,000 meters cored since late April. The program, the largest yet, will continue through the year, testing a multi-kilometer geophysical target area. Despite initial slower production rates due to challenging drilling conditions, large step-outs up to 1km south are underway. Assay results are expected by mid-summer. The company completed detailed geological mapping and ongoing geochemical sampling of new claims. Drilling has revealed variable porphyry alteration and mineralization. CEO Chris Paul reiterated the company's strong cash position of $24 million to support the remaining 17,000 meters of the drill program.

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Hercules Silver Corp., now transitioning to Hercules Metals Corp., announced the approval of all matters presented during its Annual General and Special Meeting of Shareholders.

Key resolutions include the 's name change, pending TSX Venture Exchange approval. The Meeting's outcomes align with the Company's strategic directions as outlined in its management information circular.

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Hercules Silver Corp. has commenced a Phase III drill program at their Hercules Silver Property in Idaho, utilizing three core drilling rigs to explore multiple targets. The program aims to identify a new porphyry discovery with deep drill holes and systematic step-outs. The Company has completed a road upgrade project to enhance access and reduce standby time. The CEO has expressed excitement about the program, supported by Barrick Gold , and will provide further updates as progress continues.

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Hercules Silver Corp. announces the appointment of Mr. Charles Greig, a renowned geologist, as their new Strategic Technical Advisor. Mr. Greig's extensive experience and successful track record in significant projects make him a valuable addition to the company's technical team. His collaboration with Hercules Silver will enhance the 2024 exploration program at the Hercules Project in Idaho.

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Hercules Silver Corp. showcases results of 2023 geophysics, revealing multiple prospective targets for high-grade copper porphyry at its Hercules Property. The Company plans to commence the 2024 drill program after successful geophysical surveys. CEO Chris Paul expresses excitement for potential high-grade core discoveries.
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Hercules Silver Corp. engages Momentum IR Corp. for investor relations and advisory services, led by Nisha Hasan. The agreement includes a monthly fee of $10,000 and 200,000 Options with an exercise price of CAD$0.83, vesting over twenty-four months.
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Hercules Silver Corp. reports strong silver-lead-zinc results from drilling at its Hercules Silver Property in Idaho. The presence of a significant silver system above the Leviathan porphyry copper discovery is highlighted, with high-grade intercepts and potential new mineralized shoots. The company plans a 2024 drill campaign to explore porphyry copper potential at depth, with a focus on increasing silver grades to the northwest.
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Hercules Silver Corp. strengthens its technical team with geological consultants and porphyry copper specialists to advance Leviathan Porphyry discovery. The company grants 600,000 RSUs to consultants for incentive plans.
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Hercules Silver Corp. reports positive results for drill hole HER-23-26, confirming increasing copper grades to the west at its Hercules project in Idaho. Barrick Gold Corporation is providing technical support for a 20,000-meter drill program to expand on the 2023 discovery. The Leviathan Porphyry remains open for expansion, showing potential for significant copper and molybdenum deposits.
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FAQ

What is Hercules Silver Corp. focused on?

Hercules Silver Corp. is focused on the exploration and development of the 100% owned Hercules Silver Project in western Idaho.

What recent results has the company reported?

The company has reported 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.

What supports the growth of Hercules Silver Corp.?

Extensive historical drilling, new geophysical data, and a strategic investment by Barrick Gold Corporation support the growth of Hercules Silver Corp. through continued exploration.

Who leads the management team at Hercules Silver Corp.?

The company's management team brings significant experience in the exploration and development of numerous precious metals projects worldwide.

How can I get more information about the company?

For further information, contact Nisha Hasan, Investor Relations, at +1 (604) 425-1408 or email nisha@herculessilver.com.

Hercules Metals Corp.

OTC:BADEF

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118.85M
205.01M
Gold Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
Toronto