Hercules Intersects Shallow Porphyry Mineralization and New Hydrothermal Breccia
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 comunica progressi nel lavoro di perforazione presso il sistema di rame porfirico Leviathan nell'Idaho occidentale. Recenti perforazioni hanno rivelato mineralizzazione porfirica superficiale a partire da una profondità di 72 metri nel foro HER-24-20, con tre nuovi fori che mostrano alterazione biotitica iniziale. Una scoperta significativa include un nuovo tubi di breccia magmatica-idrotermale nel foro HER-24-20, rappresentando un nuovo tipo di obiettivo. L'inviluppo mineralizzato continua ad espandersi e rimane aperto in molte direzioni. La perforazione RC ha completato tre fori, con un quarto in corso, incluso HER-24-17 che ha raggiunto una profondità di 975 metri.
Hercules Metals Corp informa sobre el progreso en la perforación del sistema de cobre porfirítico Leviathan en el oeste de Idaho. La perforación reciente ha revelado mineralización porfirítica superficial comenzando a 72 metros de profundidad en el pozo HER-24-20, con tres nuevos pozos que intersectan alteración de biotita temprana. Un hallazgo significativo incluye un nuevo tubo de brecha magmática-hidrotermal en HER-24-20, representando un nuevo tipo de objetivo. El sobre mineralizado sigue expandiéndose y permanece abierto en múltiples direcciones. La perforación RC ha completado tres pozos, con un cuarto en progreso, incluido HER-24-17 que alcanzó una profundidad de 975 metros.
Hercules Metals Corp는 아이다호 서부의 레비아탄 포르피리 구리 시스템에서 채굴 작업의 진행 상황을 보고했습니다. 최근의 채굴에서 72미터 깊이에서 시작되는 천연 포르피리 광체가 발견되었으며, 세 개의 새로운 구멍이 초기 편광 변화에 부딪혔습니다. 중요한 발견 중 하나는 HER-24-20에서 새로운 마그마-열수 베쇄관이 발견되어 새로운 목표 유형으로 나타났습니다. 광물화된 외피는 계속 확장되고 있으며 여러 방향으로 열려 있습니다. RC 채굴이 세 개의 구멍을 완료했으며, HER-24-17가 975미터 깊이에 도달하는 등 네 번째 구멍이 진행 중입니다.
Hercules Metals Corp fait état de progrès concernant les forages dans le système de cuivre porphyrique Leviathan dans l'ouest de l'Idaho. Les forages récents ont révélé une minéralisation porphyrique peu profonde commençant à une profondeur de 72 m dans le trou HER-24-20, avec trois nouveaux trous intersectant une altération précoce de biotite. Une découverte significative inclut un nouveau tuyau de brèche magmatique-hydrothermale dans HER-24-20, représentant un nouveau type de cible. L'enveloppe minéralisée continue de s'étendre et reste ouverte dans plusieurs directions. Les forages RC ont complété trois trous, avec un quatrième en cours, y compris HER-24-17 atteignant une profondeur de 975 m.
Hercules Metals Corp berichtet über Fortschritte bei Bohrungen im porphyrischen Kupfersystem Leviathan im Westen von Idaho. Jüngste Bohrungen haben eine flache porphyrische Mineralisierung ab einer Tiefe von 72 m im Bohrloch HER-24-20 sichtbar gemacht, wobei drei neue Löcher frühe Biotitveränderungen durchkreuzen. Eine bedeutende Entdeckung umfasst eine neue magmatische-hydrothermale Brekzie im Bohrloch HER-24-20, die einen neuen Zieltyp darstellt. Die mineralisierte Hülle erweitert sich weiterhin und bleibt in mehrere Richtungen offen. Die RC-Bohrungen haben drei Löcher abgeschlossen, während ein viertes im Gange ist, einschließlich HER-24-17, das eine Tiefe von 975 m erreicht hat.
- Discovery of new magmatic-hydrothermal breccia pipe with vertical expansion potential
- Mineralization found at shallow depth (72m) in HER-24-20
- Expansion of mineralized envelope in multiple directions
- Successful completion of deep drilling to 975m in HER-24-17
- None.
Toronto, Ontario--(Newsfile Corp. - November 4, 2024) - Hercules Metals Corp. (TSXV: BIG) (OTCQB: BADEF) (FSE: C0X) ("Hercules Metals" or the "Company") is pleased to provide an update on recent drilling as further assay results remain pending at the Leviathan porphyry copper system in western Idaho ("Hercules" or the "Property"). RC drilling has advanced rapidly with three holes completed and a fourth in progress, including HER-24-17 being completed to 975m. Three new holes stepped to the southeast, HER-24-19 through -21, all intersected early biotite alteration with mineralization beginning progressively closer to surface, starting as early as 72m true depth in hole 24-20. The depth to mineralization continues to shallow toward a large untested copper anomaly at surface to the east.
Highlights
- Mineralization begins at 72m depth in HER-24-20 and remains open toward a large surface anomaly.
- Mineralized early biotite alteration intersected in 3 new holes to the southeast - and potentially plunging under HER-23-14, previously thought to be the edge of the system.
- A separate zone of early biotite was also encountered at depth in holes HER-24-08 and HER-24-12, which may be related to a separate intrusive center to the north.
- New magmatic-hydrothermal breccia pipe discovered by HER-24-20 represents a new target type, with vertically extensive potential.
- Mineralized envelope continues to expand - remains open in multiple directions.
- RC drilling continues to provide additional value, testing new targets rapidly, both pre-collar and otherwise.
Figure 1: Drill Plan with grade bars for copper (orange) and molybdenum (blue) for holes with assays received. Approximate surface projection of enrichment blanket shown in orange. Outline of early biotite alteration in purple.
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https://images.newsfilecorp.com/files/9425/228739_7e2c759c742978c7_002full.jpg
Geological Summary
Drill holes HER-24-19 through -21 begin in shallow phyllic alteration associated with the enrichment blanket and transition with depth into varying degrees of biotite alteration consistent with an outer potassic shell. These new holes have significantly expanded the zone of early biotite alteration which shows increasing strength toward the south.
Of note is a separate zone of early biotite encountered at depth in holes HER-24-08 and HER-24-12 which have the potential to be related to a yet undiscovered intrusive center to the north.
HER-24-05 encountered a plug of late porphyry associated with a chargeability low, however high chargeability continues further south of Camp Creek and remains to be tested. Core drilling failed to reach the unconformity at this southern target but depending on weather conditions, Legacy Drilling may be able to test for further extensions of the system in this direction.
Legacy was able to complete HER-24-17 to the maximum working depth capacity of the RC rig at 975 m in very challenging ground conditions. The alteration encountered will be interpreted once geochemical and spectral results have been received and processed on the fine chips.
HER-24-19 and -21 both intersected enrichment blanket followed by intermediate sulfidation pyrite-chalcopyrite which remains open down plunge to the southeast. HER-23-14 was drilled at a shallow angle to the southeast in 2023, which is now interpreted to be subparallel with the plunge of the system. This may explain why the hole remained in the same distal alteration it started in, throughout its length. Future drilling will test underneath 23-14 by drilling northwest, against the plunge of the system.
Prior to entering the enrichment blanket, HER-24-20 intersected a compelling new magmatic hydrothermal breccia from 76m to 157m downhole, representing the first of its kind to be intercepted at Hercules. The breccia consists of strongly veined clasts of porphyry and wall rock within a fine chloritic matrix that becomes progressively more intrusive in nature near its footwall contact. Intermediate sulfidation pyrite-chalcopyrite mineralization occurs in the latter half of the intercept, within the matrix as well as clasts, and appears to increase in intensity downwards. The hole currently remains in progress in early biotite alteration.
Figure 2: Examples of hydrothermal magmatic breccia intersected from 76m to 157m in HER-24-20. Bottom photo - chlorite altered hydrothermal matrix. Top photo - oxidized/hematitic matrix. Clasts exhibit strong quartz vein stockworks.
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https://images.newsfilecorp.com/files/9425/228739_herculesrock.jpg
Core photographs for the breccia intercept in HER-24-20 can be viewed on the Company's website at the following link: https://www.herculesmetals.com/hercules/core-photos/
Qualified Person
The scientific and technical information in this news release has been reviewed and approved for disclosure by Christopher Longton BS, CPG, Hercules' Vice President, Exploration. Mr. Longton is a "Qualified Person" for Hercules Metals within the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
About Hercules Metals Corp.
Hercules Metals Corp. (TSXV: BIG) (OTCQB: BADEF) (FSE: C0X) is an exploration Company focused on developing Idaho's newest copper and silver district.
The
With the potential for significant scale, the Company's management and board of directors aims to build on its proven track record which includes the discovery and development of numerous precious metals projects worldwide.
For further information please contact:
Nisha Hasan
Investor Relations
Telephone +1 (604) 425-1408
Email: nisha@herculesmetals.com
Chris Paul
CEO & Director
Telephone +1 (604) 670-5527
Email: chris@herculesmetals.com
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. Any securities referred to herein have not and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws of an exemption from such registration is available.
Disclaimer for Forward-Looking Information
This news release contains certain information that may be deemed "forward-looking information" with respect to the Company within the meaning of applicable securities laws. Such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information includes statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-looking information contained in this press release may include, without limitation, the expected execution of future exploration programs on the Property; assay results of future drill holes; results of operations, and the expected financial performance of the Company.
Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by its nature, forward-looking information involves assumptions and known and unknown risks, uncertainties and other factors which may cause our actual results, level of activity, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.
Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; the Covid-19 pandemic; adverse industry events; the receipt of required regulatory approvals and the timing of such approvals; that the Company maintains good relationships with the communities in which it operates or proposes to operate, future legislative and regulatory developments in the mining sector; the Company's ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in Canada and generally; the ability of the Company to implement its business strategies; competition; the risk that any of the assumptions prove not to be valid or reliable, which could result in delays, or cessation in planned work, risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results will not be consistent with the Company's expectations, as well as other assumptions risks and uncertainties applicable to mineral exploration and development activities and to the Company, including as set forth in the Company's public disclosure documents filed on the SEDAR+ website at www.sedarplus.ca.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF HERCULES METALS AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE HERCULES METALS MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
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FAQ
What is the latest drilling discovery at Hercules Metals (BADEF) in November 2024?
How deep did Hercules Metals (BADEF) drill in hole HER-24-17?
What are the main drilling targets for Hercules Metals (BADEF) at the Leviathan project?
