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

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Hercules Metals Corp > Is 23-05 a mineable copper deposit?

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Post by Retiredgeo on Jun 23, 2024 10:15am

Is 23-05 a mineable copper deposit?

Worldwide the minimum threshold for an open pit Copper mine is 0.25% Cu (no cover rock). The minimum threshold for an underground Copper mine is 1.25% Cu. No matter how you cut it 45 m of 1.94% Cu is a spectacular interval. Can they find lots more? That is the question.

Mine engineering isn't my expertise but I'm thinking of a triangular open pit mine in the SE quadrant of the IP survey area with adits at the bottom of the pit accessing that which is underneath the Hercules rhyolite. I can't imagine the mine operator removing all of that Hercules rhyolite unless the silver content pays for it. Hole\ 23-05 is underground mine country in my book.

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