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 Metals Corp. reports exploration and corporate developments tied to its 100%-owned Hercules Property in western Idaho. Company news centers on drilling at the Leviathan porphyry copper system, copper-silver-molybdenum assay results, step-out drilling, geophysical surveys, and target generation across the broader Hercules Copper Belt land position.
Updates also cover epithermal silver-lead-zinc mineralization, exploration rights and land consolidation near the property, permitting and field-program activity, shareholder voting matters, governance changes, and operating and financial results.
Hercules Metals has appointed Dillon Hume as Vice President of Exploration, effective May 1, 2025. Hume brings over a decade of experience leading major exploration programs, notably at the Red Chris Cu-Au porphyry mine where he managed 120,000+ meters of drilling and discovered the East Ridge Zone.
CEO Chris Paul highlighted Hume's proven track record and technical expertise, noting his recent contributions to Hercules' 3D modeling review. During his eight-year tenure at Equity Exploration, Hume advanced Red Chris's underground block-cave resource for Newcrest Mining and discovered the Krakatoa Zone at Kudz Ze Kayah VHMS deposit.
Prior to joining Hercules, Hume served as VP Exploration at Trailbreaker Resources, overseeing early-stage porphyry copper and gold projects in British Columbia. He holds a B.Sc. in Geology and M.Sc. in Economic Geology from Simon Fraser University.
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.