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

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Hercules Metals Corp > Is the Leviathan porphyry economical?

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Post by Retiredgeo on Oct 10, 2024 2:53pm

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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