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Hercules Metals Corp - BADEF STOCK NEWS

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.

About Hercules Metals Corp (OTCQB: BADEF)

Hercules Metals Corp is a junior mining and exploration company dedicated to unlocking the potential of its flagship Hercules Property, located in western Idaho, USA. The company specializes in the exploration and development of copper, silver, and molybdenum deposits, with a primary focus on the Leviathan porphyry copper system and near-surface silver mineralization. Formerly known as Hercules Silver Corp, the company rebranded to reflect its diversified metals portfolio and growing focus on copper exploration.

Core Business and Exploration Focus

Hercules Metals operates at the forefront of mineral exploration, leveraging advanced geological techniques to identify and expand mineralized zones. The company's business model centers on systematic exploration, resource modeling, and metallurgical testing to evaluate the economic viability of its discoveries. The Hercules Property is characterized by a disseminated silver-lead-zinc system and the Leviathan porphyry copper system, which features a rare hypogene enrichment blanket—a phenomenon that significantly upgrades metal content near the surface.

Key Project Highlights

  • Leviathan Porphyry Copper System: Spanning a 1.6 km by 1.1 km area, the Leviathan system includes both primary hypogene mineralization and a secondary enrichment blanket. Recent drilling results have revealed broad copper intercepts, with grades increasing at depth and toward new target areas.
  • Eastern Block Zone: A high-priority target where the porphyry system is exposed at surface, supported by strong copper-molybdenum-gold soil anomalies and favorable host rock stratigraphy.
  • Metallurgical Testing: Initial tests have demonstrated recoveries of ~87% for copper and 86% for silver using conventional methods, highlighting the economic potential of the property.
  • Geophysical Surveys: Advanced 3D induced polarization (IP) and conductivity surveys have identified prospective targets, guiding future drilling campaigns.

Market Position and Competitive Advantages

Hercules Metals benefits from its strategic location in Idaho, a mining-friendly jurisdiction with established infrastructure. The company's technical expertise, demonstrated through extensive drilling, geophysical analysis, and metallurgical testing, positions it as a strong contender in the junior mining sector. Partnerships with industry leaders, such as Barrick Gold, further validate the potential of its projects and provide access to additional resources and expertise.

Future Outlook

Looking ahead, Hercules Metals is well-positioned for growth through continued exploration and resource expansion. The 2025 drill campaign will focus on high-grade potassic alteration zones and new targets in the Eastern Block and Southern Flats zones. Additionally, the company plans to conduct an enhanced geophysical survey to refine its understanding of the Leviathan system and identify new porphyry centers. With a strong cash position and a skilled management team, Hercules Metals is poised to advance its projects and create long-term value for stakeholders.

Rhea-AI Summary

Hercules Metals Corp (TSXV: BIG) (OTCQB: BADEF) announced significant drilling results from its Hercules Property in western Idaho. Drill hole HER-24-21 intersected 354m of 0.47% CuEq, including 171m of 0.64% CuEq, and a higher-grade 44m interval of 0.89% CuEq.

The company revealed that new mapping and sampling demonstrate a transition to iron-rich volcanics and limestone in the Eastern Block and Southern Flats zones, which are conducive to higher grades. The Big Cut showing in the Eastern Block Zone has demonstrated up to 10% Cu in select grab samples at surface.

Hercules has successfully renegotiated drilling contracts for 2025, reducing costs by over 50% while doubling anticipated drilling meters per unit cost. The company is fully financed for the 2025 drilling campaign.

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Hercules Metals Corp (TSXV: BIG) (OTCQB: BADEF) announced significant drilling results from its Hercules Property in Idaho. Drill hole HER-24-20 intersected 300m of 0.70% CuEq, including 138m of 1.01% CuEq, starting 70m below surface - the shallowest porphyry mineralization discovered on the property.

A separate step-out hole, HER-24-19, located 530m southwest, intersected 149m of 0.78% CuEq, including 43m of 1.22% CuEq. The results expand the system to the south and southeast. The Eastern Block Zone remains one of the best undrilled targets, with mineralization extending beyond current drilling limits. The company plans to begin targeting this zone in spring 2025.

Additionally, drill hole HER-24-16 in the Southern Flats Zone confirmed a thinner-than-expected basalt layer and revealed silver mineralization, returning 160m of 23 g/t Ag.

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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.

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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.

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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.

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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.

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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.

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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
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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.

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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.

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FAQ

What is the current stock price of Hercules Metals (BADEF)?

The current stock price of Hercules Metals (BADEF) is $0.41755 as of February 28, 2025.

What is the market cap of Hercules Metals (BADEF)?

The market cap of Hercules Metals (BADEF) is approximately 103.2M.

What is Hercules Metals Corp's primary focus?

Hercules Metals focuses on exploring and developing copper, silver, and molybdenum deposits at its Hercules Property in Idaho.

What is the Leviathan porphyry copper system?

The Leviathan system is a large-scale porphyry copper deposit featuring primary hypogene mineralization and a rare hypogene enrichment blanket.

What are the key advantages of the Hercules Property?

The property benefits from a mining-friendly jurisdiction, advanced exploration techniques, and significant discoveries, including the Leviathan system.

How does Hercules Metals generate revenue?

As a junior mining company, Hercules Metals generates value through exploration success, resource modeling, and potential partnerships with larger mining companies.

What is hypogene enrichment?

Hypogene enrichment is a rare geological phenomenon where a younger hydrothermal event upgrades the metal content of a porphyry system near the surface.

What are the next steps for Hercules Metals?

The company plans to focus on high-grade targets, conduct advanced geophysical surveys, and expand resource modeling to refine its exploration strategy.

What were the results of Hercules Metals' metallurgical testing?

Initial tests achieved copper recoveries of ~87% and silver recoveries of 86%, demonstrating the economic viability of the deposits.

Who are Hercules Metals' key partners?

Hercules Metals has partnered with Barrick Gold and works with experienced contractors for drilling and metallurgical testing.

How does the company ensure environmental compliance?

Hercules Metals adheres to strict regulatory standards and works closely with local communities and authorities to ensure sustainable exploration practices.

What makes the Eastern Block Zone a high-priority target?

The Eastern Block Zone features exposed porphyry mineralization at surface, strong geophysical anomalies, and favorable host rock conditions for higher-grade mineralization.
Hercules Metals Corp

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103.18M
209.80M
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