Welcome to our dedicated page for HERCULES METALS news (Ticker: BADEF), a resource for investors and traders seeking the latest updates and insights on HERCULES METALS stock.
Hercules Silver Corp. (TSXV: BIG) (OTCQB: BADEF) is a junior mining company focused on the exploration and development of the 100% owned Hercules Silver Project in western Idaho. The company has reported strong silver-lead-zinc results from recent drilling, showcasing the presence of a significant silver system potentially related to the Leviathan porphyry copper discovery. With extensive historical drilling and new geophysical data, Hercules Silver Corp. is well positioned for growth through continued exploration. The company's management team brings significant experience in exploration and development of precious metals projects worldwide.
Hercules Metals Corp announced strong Phase I metallurgical testing results from its Hercules Project in Idaho. Initial copper recoveries reached ±87% in open cycle tests, with locked cycle testing projected to reach ±90%. Silver recoveries achieved 86% for oxide and 82% for sulfide mineralization using a two-step leaching process. The testing, conducted on four composite samples over 50 kilograms each, showed minimal deleterious elements in concentrate. The company developed a simple two-step leaching process that improved historical silver recoveries by over 20%. The Phase III program has expanded the enrichment zone to 1.6 km by 1.1 km, remaining open in all directions.
Hercules Metals announces significant drill results from its Hercules Property in Idaho. Drill hole HER-24-12 intersected 338m of 0.47% Cu, with the final 154m ending in 0.51% Cu and 104 ppm Mo, marking the first recorded increase in mineralization at depth. The 315m step-out from HER-24-08 showed increasing alteration from phyllic to outer potassic. A north-south cross-section reveals copper and potassic alteration increasing towards the Grade Creek Zone, where an untested chargeability and magnetic anomaly presents a potential vertically extensive early porphyry center. The results demonstrate the strongest primary mineralization below the enrichment blanket to date.
Hercules Metals Corp reports progress on drilling at the Leviathan porphyry copper system in western Idaho. Recent drilling has revealed shallow porphyry mineralization starting at 72m depth in hole HER-24-20, with three new holes intersecting early biotite alteration. A significant discovery includes a new magmatic-hydrothermal breccia pipe in HER-24-20, representing a new target type. The mineralized envelope continues to expand and remains open in multiple directions. RC drilling has completed three holes with a fourth in progress, including HER-24-17 reaching 975m depth.
Hercules Metals Corp. (TSXV: BIG) (OTCQB: BADEF) has announced significant copper intercepts from its Phase III drilling program on the Leviathan porphyry copper system in western Idaho. Highlights include:
1. A 140-meter step-out drill hole yielding 480 meters of 0.47% Cu and 82 ppm Mo, including 55 m of 1.5% Cu.
2. Expansion of the enrichment blanket to 1.6 km x 1.1 km, which remains open.
3. Successful completion of the first RC hole to significant depth, potentially increasing drilling production and lowering costs.
4. Drilling continues with two diamond core rigs and one RC rig, financed through the end of 2025.
The company is pleased with the grade and continuity over broad intervals, and drilling is progressing towards the potassic core of the system while testing for additional centers within a large untested soil anomaly.
Hercules Metals Corp. (TSXV: BIG) (OTCQB: BADEF) has selected Legacy Drilling, for reverse circulation (RC) drilling at the Hercules Property in western Idaho. Key points include:
1. Legacy will provide a Schramm T-685WS drill rig capable of RC drilling up to ~1,000m.
2. RC drilling offers flexibility to pre-collar through challenging Jurassic cover or complete entire deep holes.
3. Drilling is scheduled to commence later this month.
4. The company can add an Ingersoll Rand Super 10 rig for drilling up to ~1,300m if needed.
5. Initial drilling will focus on a step-out from HER-24-06, which previously intersected promising potassic alteration and primary mineralization.
The new drilling strategy aims to increase efficiency in challenging ground conditions and explore promising areas more quickly.
Hercules Metals Corp. (TSXV: BIG) (OTCQB: BADEF) has received approval from the United States Forest Service (USFS) for its Plan of Operations to drill two untested targets on its Hercules Property in western Idaho. The Categorical Exclusion (CatEx) allows for up to 15 pre-selected drill sites to be tested through August 2025. The company will focus on the Grade Creek and Eastern Block targets, which have not been tested below the shallow epithermal silver mineralization to the underlying Leviathan porphyry copper system.
Key highlights include:
- The Eastern Block target comprises the Metheny, Lightning, and Big Cut zones, with a large copper-molybdenum anomaly
- Grade Creek shows the strongest geochemical anomaly on the Property
- New mapping suggests the Leviathan system has been tilted to the northwest
- The company is moving forward with an Environmental Assessment for longer-term drilling on USFS lands
Hercules Metals Corp. (TSXV: BIG) (OTCQB: BADEF) has provided an update on its ongoing exploration drilling program at the Hercules Property in western Idaho. Key highlights include:
- 4,600m drilled in 12 holes, with depths up to 722m
- Potential trend of elevated hypogene copper-silver enrichment emerging
- Three drill rigs in operation, testing different areas
- Mapping of the BN Fault to improve future drilling efficiency
- Plans to add a deep RC drill rig to enhance productivity
The company is focusing on key structures that may control porphyry emplacement and hypogene enrichment. New geological mapping has improved understanding of structural patterns and alteration zonation across the project.
Hercules Silver Corp. (TSXV: BIG, OTCQB: BADEF, FSE: 8Q7) announced a name change to Hercules Metals Corp., effective June 28, 2024. The new name reflects the company's diversified metals portfolio, including a new porphyry copper target at the Hercules Project in Idaho. The stock symbol on the TSX Venture Exchange will remain 'BIG'. Shareholders approved an amendment to By-Law No. 1 at the annual and special meeting on June 17, 2024, which removes a 6-month provision in section 9.01. No action is required from shareholders regarding the name change. Additionally, 200,000 stock options were granted to an employee, vesting over 24 months with an exercise price of $0.60 per share.
Hercules Silver Corp. updated its Phase III drill program at the Hercules Property in Idaho, reporting 3,000 meters cored since late April. The program, the largest yet, will continue through the year, testing a multi-kilometer geophysical target area. Despite initial slower production rates due to challenging drilling conditions, large step-outs up to 1km south are underway. Assay results are expected by mid-summer. The company completed detailed geological mapping and ongoing geochemical sampling of new claims. Drilling has revealed variable porphyry alteration and mineralization. CEO Chris Paul reiterated the company's strong cash position of $24 million to support the remaining 17,000 meters of the drill program.
Hercules Silver Corp., now transitioning to Hercules Metals Corp., announced the approval of all matters presented during its Annual General and Special Meeting of Shareholders.
Key resolutions include the 's name change, pending TSX Venture Exchange approval. The Meeting's outcomes align with the Company's strategic directions as outlined in its management information circular.
FAQ
What is the current stock price of HERCULES METALS (BADEF)?
What is the market cap of HERCULES METALS (BADEF)?
What is Hercules Silver Corp. focused on?
What recent results has the company reported?
What supports the growth of Hercules Silver Corp.?
Who leads the management team at Hercules Silver Corp.?