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Bullboard - Stock Discussion Forum 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... see more

TSXV:BIG - Post Discussion

Hercules Metals Corp > Press release
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Post by Retiredgeo on Oct 10, 2024 7:41am

Press release

It is important to recognize that there are two sources of hypogene copper in the drill area: A) the Leviathan porphyry proper; and B) the enrichment blanket of unknown origin, extent and grade.  None of the published results to date suggest that they have yet found the potassic core of the Leviathan porphyry although evidence is building that it is located to the S/SE.

Hole 24-08 is very close to 23-05 and although it's enrichment blanket is not as rich as in 23-05 it is a close second proving that 23-05 was not a freak result.  It will take them time to map out this enrichment blanket, especially to the east where there is no Jurassic cover rock.  It is a huge exploration target.

Hole 24-01 intercepted almost an oz of silver over 185 m.  WOW!!!

Holes 24-02 and 24-03 intercepted a down faulted block of argillic alteration and were write offs.  Faulting is common in porphyry systems and the Leviathan porphyry is an old porphyry with an extensive history.

Porphyries are big systems and it will take many drill seasons to define this one.  Hopefully, the flow of results will pick up from here.
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