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Bullboard - Stock Discussion Forum 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... see more

TSXV:BIG - Post Discussion

Hercules Metals Corp > Geophysical anomalies
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Post by Retiredgeo on Jun 08, 2024 8:49am

Geophysical anomalies

As we close in on the release of the first holes I have a few thoughts.  

The Bornite blanket, whatever it is, doesn't belong in the classic porphyry model.  It is increasing to the NW.  All of the 2023 holes support this notion. They may have figured out that the Leviathan porphyry is to the SW.  Holes 23-21 and 23-26 support this notion.  Think overlap.
 
I am not reading anything into bouncing the drills around.  They will return to the NW once they have thoroughly analyzed holes 1,2 and 3.  They have got a big property to explore.  Time is money.

As a rule stay away from the IP, magnetic and conductivity highs. These are usually things that the intrusion is throwing off.  You want the mundane rock in between. The IP highs are from the pyrite shell.  The potassic core can be magnetic but huge magnetic blobs are usually magnetite skarns being thrown off by the intrusion.  Conductivity is usually hydrothermal veins being thrown off by the intrusion. There is a lot of mundane rock to the west of the geophysical highs.  That is probably where the porphyry is hiding.
Comment by CaptainM on Jun 08, 2024 6:46pm
Thanks Retiredgeo.    To me this combination of geophysical (low resistivity), magnetic and mineralogical (semi-massive Chalcocite) features is indicative of a magnetite-rich skarn zone with associated copper mineralization, likely located in proximity to the main copper porphyry intrusion.  The presence of semi-massive hypogene chalcocite suggests that the hydrothermal fluids ...more  
Comment by Retiredgeo on Jun 09, 2024 7:21am
Belmont and Grade creek could be magnetite-chalcopyrite skarns in whole or part.  The overwhelming presence of Iron makes Chacocite unlikely.  The Chalcocite is related to something else at Belmont, maybe the conductivity features/hydrothermal veins.  It is just hard to say without drill core data. The entire property/rock package looks very interesting to me.  Barrick agrees ...more  
Comment by CaptainM on Jun 09, 2024 10:09pm
Retiredgeo,  I'm thinking anything 0.5-0.6% or higher over long widths 400-500m and longer should be good for holes 1 to 3. According to Goldfinger/Robert who was onsite 2 weeks ago:  "Transition from high chargeability to moderate chargeability seems to be the most promising areas - testing the footprint of the corridor with big step-outs." Well, unless i am wrong ...more  
Comment by Retiredgeo on Jun 10, 2024 7:02am
I'm thinking overlap.  The source of the hypogene Bornite blanket is to the NW.  The Leviathan porphyry is to the SW.  If I'm right the upper parts of 24-01,02 and 03 should be richer than 23-05 and the lower parts should be poorer.  I doubt that anyone is going to mine phyllic porphyry under 200m of cover rock so the Bornite blanket will be thee target to the NW. From ...more  
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