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Hercules Metals Corp V.BIG

Alternate Symbol(s):  BADEF

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 Oct 10, 2024 2:53pm
174 Views
Post# 36261470

Is the Leviathan porphyry economical?

Is the Leviathan porphyry economical?
As a rule of thumb underground copper mining requires a grade of 1.25%.  Open pit can make do with as little as 0.25%.  Since we haven't seen the potassic core of the Leviathan porphyry yet it is pointless to speculate about economics at this time.  Please don't forget that half the porphyry is on the east side of the IP survey area where there is no Jurassic cover rock.  We haven't seen any of that yet either.

 
 
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