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Hercules Metals Corp BADEF


Primary Symbol: V.BIG

Hercules Metals Corp., formerly Hercules Silver Corp., is a Canada-based exploration company. The Company is focused on developing Idaho's newest copper and silver district. The 100% owned Hercules Project, located northwest of Cambridge, hosts the recently discovered Leviathan porphyry copper system. The Hercules Property represents 8,850 acres consisting of one patented lode claim, 416 unpatented lode claims and approximately 1,165 acres of mineral rights owned in fee. The Company also holds the right to conduct exploration, drilling, road building, mining and milling activities on 1,770 acres of surface within the Hercules Property. The Hercules Property is located on the northwestern shoulder of Cuddy Mountain, 200 kilometers (km) northwest of Boise, Idaho. It also has a diversified metal portfolio, including the newly discovered porphyry copper target at the Hercules Project in Idaho.


TSXV:BIG - Post by User

Post by Retiredgeoon Aug 19, 2024 8:10am
320 Views
Post# 36185549

Press release

Press releaseThe USFS permits are a huge step forward.  The easy stuff which does not require drilling or mining through the Hercules rhyolite cover rock is on USFS land.  You can see from all of the geochemical soil maps that the porphyry is eroding away at surface on the eastern half of the property (it was up faulted relative to the western half of the property).  Unanswered questions include A) How much of the eastern porphyry has been eroded away/how much of it is left?; B) What are the grades of the eastern half of the property?; D) how deep is the good stuff?: and D) does the hypogene enrichment blanket extend to the eastern half of the property? (the presence of Specularite Hematite suggests that it does).

There is still no word about assays.  I suspect that first release is now pushed into September.  The assay labs are very busy this time of the year and if Chris isn't paying extra for priority then to the bottom of the list he goes.
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