Hercules Metals Corp Stock Price, News & Analysis

Hercules Metals Corp. (BADEF) has achieved a significant milestone with the completion of its first 3D block model of the Leviathan discovery in western Idaho. The company is launching a fully funded 12,000-meter drill campaign with a budget of $6.6 million.

The 3D model reveals a coherent, kilometer-scale NE-SW trending porphyry system, showing near-perfect correlation with both chargeability and magnetics. The drilling program will systematically expand the central Leviathan Porphyry through 200m spaced fences, extending into the Grade Creek and Southern Flats zones.

Key developments include:

• Northwest-oriented drilling implementation for improved consistency
• Joint IP and MT survey beginning May 1
• Testing of additional porphyry centers in Eastern Block and Western Deeps
• Enhanced understanding of mineralization geometry and system structure

Hercules Metals Corp (OTCQB: BADEF) has secured a significant 20-year mineral lease agreement with the Idaho Department of Lands, expanding its land position by over 46%. The agreement covers approximately 7,669 acres of state-owned land adjacent to its Hercules Property and 640 acres near its Mineral property in western Idaho.

The expansion increases the company's total land position to 24,276 acres at the Leviathan porphyry discovery and 2,243 acres at the Mineral property. The newly leased area, previously unexplored due to post-mineral basalt cover, shows promising potential following the company's 2023 Leviathan porphyry discovery.

Recent drilling in the Southern Flats Zone (HER-24-16) revealed an extension of the silver system below post-mineral basalt, suggesting potential continuation of both silver and porphyry systems. The company plans to implement new geophysical technologies to explore these high-priority targets.

Hercules Metals Corp (TSXV: BIG) (OTCQB: BADEF) announced significant drilling results from its Hercules Property in western Idaho. Drill hole HER-24-21 intersected 354m of 0.47% CuEq, including 171m of 0.64% CuEq, and a higher-grade 44m interval of 0.89% CuEq.

The company revealed that new mapping and sampling demonstrate a transition to iron-rich volcanics and limestone in the Eastern Block and Southern Flats zones, which are conducive to higher grades. The Big Cut showing in the Eastern Block Zone has demonstrated up to 10% Cu in select grab samples at surface.

Hercules has successfully renegotiated drilling contracts for 2025, reducing costs by over 50% while doubling anticipated drilling meters per unit cost. The company is fully financed for the 2025 drilling campaign.

Hercules Metals Corp (TSXV: BIG) (OTCQB: BADEF) announced significant drilling results from its Hercules Property in Idaho. Drill hole HER-24-20 intersected 300m of 0.70% CuEq, including 138m of 1.01% CuEq, starting 70m below surface - the shallowest porphyry mineralization discovered on the property.

A separate step-out hole, HER-24-19, located 530m southwest, intersected 149m of 0.78% CuEq, including 43m of 1.22% CuEq. The results expand the system to the south and southeast. The Eastern Block Zone remains one of the best undrilled targets, with mineralization extending beyond current drilling limits. The company plans to begin targeting this zone in spring 2025.

Additionally, drill hole HER-24-16 in the Southern Flats Zone confirmed a thinner-than-expected basalt layer and revealed silver mineralization, returning 160m of 23 g/t Ag.

Hercules Metals Corp announced strong Phase I metallurgical testing results from its Hercules Project in Idaho. Initial copper recoveries reached ±87% in open cycle tests, with locked cycle testing projected to reach ±90%. Silver recoveries achieved 86% for oxide and 82% for sulfide mineralization using a two-step leaching process. The testing, conducted on four composite samples over 50 kilograms each, showed minimal deleterious elements in concentrate. The company developed a simple two-step leaching process that improved historical silver recoveries by over 20%. The Phase III program has expanded the enrichment zone to 1.6 km by 1.1 km, remaining open in all directions.

Hercules Metals announces significant drill results from its Hercules Property in Idaho. Drill hole HER-24-12 intersected 338m of 0.47% Cu, with the final 154m ending in 0.51% Cu and 104 ppm Mo, marking the first recorded increase in mineralization at depth. The 315m step-out from HER-24-08 showed increasing alteration from phyllic to outer potassic. A north-south cross-section reveals copper and potassic alteration increasing towards the Grade Creek Zone, where an untested chargeability and magnetic anomaly presents a potential vertically extensive early porphyry center. The results demonstrate the strongest primary mineralization below the enrichment blanket to date.

Hercules Metals Corp reports progress on drilling at the Leviathan porphyry copper system in western Idaho. Recent drilling has revealed shallow porphyry mineralization starting at 72m depth in hole HER-24-20, with three new holes intersecting early biotite alteration. A significant discovery includes a new magmatic-hydrothermal breccia pipe in HER-24-20, representing a new target type. The mineralized envelope continues to expand and remains open in multiple directions. RC drilling has completed three holes with a fourth in progress, including HER-24-17 reaching 975m depth.

Hercules Metals Corp. (TSXV: BIG) (OTCQB: BADEF) has announced significant copper intercepts from its Phase III drilling program on the Leviathan porphyry copper system in western Idaho. Highlights include:

1. A 140-meter step-out drill hole yielding 480 meters of 0.47% Cu and 82 ppm Mo, including 55 m of 1.5% Cu.

2. Expansion of the enrichment blanket to 1.6 km x 1.1 km, which remains open.

3. Successful completion of the first RC hole to significant depth, potentially increasing drilling production and lowering costs.

4. Drilling continues with two diamond core rigs and one RC rig, financed through the end of 2025.

The company is pleased with the grade and continuity over broad intervals, and drilling is progressing towards the potassic core of the system while testing for additional centers within a large untested soil anomaly.

Hercules Metals Corp. (TSXV: BIG) (OTCQB: BADEF) has selected Legacy Drilling, for reverse circulation (RC) drilling at the Hercules Property in western Idaho. Key points include:

1. Legacy will provide a Schramm T-685WS drill rig capable of RC drilling up to ~1,000m.
2. RC drilling offers flexibility to pre-collar through challenging Jurassic cover or complete entire deep holes.
3. Drilling is scheduled to commence later this month.
4. The company can add an Ingersoll Rand Super 10 rig for drilling up to ~1,300m if needed.
5. Initial drilling will focus on a step-out from HER-24-06, which previously intersected promising potassic alteration and primary mineralization.

The new drilling strategy aims to increase efficiency in challenging ground conditions and explore promising areas more quickly.