Hercules Silver Corp. is pleased to report positive results for drill hole HER-23-26 and confirm increasing copper grades to the west from recently reported holes drilled into the new Leviathan porphyry copper discovery at its Hercules project located in western Idaho . These results present a compelling vector toward the high-grade core of the porphyry system. Assay results have now been received for HER-23-26 and [...]
Hercules Silver Corp. is pleased to report assay results for the latest holes drilled into the new Leviathan Porphyry Copper discovery at its Hercules project located in western Idaho . Assay results were received in batches for three step-out holes, with complete results now having been received for HER-23-08 and HER-23-11, along with partial results for HER-23-21, which are reported in Table 1 below. HER-23-08 [...]
Hercules Silver Corp. today announced completion of the previously announced non-brokered private placement , resulting in Barrick Gold Corporation subscribing for 21,265,370 units of Hercules Silver at a price of C$1.10 per Unit for gross proceeds to Hercules Silver of C$23,391,907. The Placement represents a significant step towards the equity requirements to fund the Hercules Project and a strategic investment by [...]
Hercules Silver Corp. today announced that it has entered into an agreement with Barrick Gold Corporation whereby Barrick has agreed to purchase 21,265,370 units of Hercules Silver in a non-brokered private placement at a price of C$1.10 per Unit for gross proceeds of C$23,391,907. Each Unit consists of one common share of Hercules and 0.32 of a common share purchase warrant . Each Warrant will have a term of two years [...]
Hercules Silver Corp. continues to wait on assays for the next deep drill hole , and in the interim, is pleased to report silver-lead-zinc results from the next two shallow drill holes in sequence, HER-23-06 and HER-23-07, which were drilled above the recently-announced porphyry copper discovery at its Hercules Silver Property located in western Idaho . These results continue to showcase strong silver mineralization [...]
Hercules Silver Corp. is very pleased to confirm a major new copper porphyry discovery at its Hercules Property located in western Idaho . HER-23-05, the first hole to test a large-scale blind chargeability anomaly, intersected 185.29m of 0.84% Cu and 111 ppm Mo from 246m to 431.2m, including 45.33m of 1.94% Cu. The hole ended prematurely due to drilling challenges encountered at a post-mineral dyke, however observations [...]
Hercules Silver Corp. is pleased to announce it has entered into a lease option agreement between the Company, Anglo-Bomarc, U.S., Inc., a wholly owned subsidiary of the Company and local prospector Merrill Palmer , dated September 27, 2023, which grants Hercules Silver the option to acquire a 100% interest in the Mineral property, comprising eighty-seven unpatented lode mining claims within the Mineral mining district [...]
Hercules Silver Corp. is pleased to report silver-lead-zinc results from the first 5 drill holes of its Phase II drill program, targeting near surface silver mineralization at its Hercules Silver Property located in western Idaho . These results are the first of the Company's ongoing 6,000-meter Phase II infill, expansion, and discovery-focused drill program. The upper part of HER-23-05 intercepted 84.2 meters of 54.1 g/t [...]
Seven drill holes completed to date, with silver mineralization observed in all holes , and assays currently pending; Oriented core drilling demonstrates a potential northwest-southeast control to higher-grade silver mineralization within Frogpond, suggesting the potential to extend mineralization between historical zones; First deep hole completed into the western margin of a large chargeability anomaly announced last [...]
Commenced core drilling at Hercules Property Construction of logging facility completed Phase II drill program now underway, focused on the following targets: Hercules Adit and Frogpond Zones: Step-out holes aiming to extend mineralization, as well as infill and further verify historical drilling results; Hercules Rhyolite: Robust silver targets identified through surface mapping, geophysics and geochemistry, including at [...]
Hercules Silver Corp. is pleased to announce the appointment of Mr. Christopher Longton, CPG, as Vice President of Exploration of the Company. Mr. Longton is an accomplished geologist with over 15 years experience from greenfields exploration to production on precious and base metals deposits throughout North America and Australia. He has extensive experience managing large-scale projects, most recently as the Senior [...]
Final preparations underway for upcoming Phase II drill program at Hercules, including construction of core logging and cutting facilities; Phase II program upsized to a minimum of 6,000 meters to allow testing of additional targets and deeper drilling; The Company expects to remain fully financed for a follow-up Phase III drill program as well; Phase II program will be focused on the following targets: Hercules Adit and [...]
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