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Hercules Silver Drills 161 Meters of 0.45% Cu, 148 ppm Mo, 4.4 g/t Ag, including 79 Meters of 0.53% Cu, 7.3 g/t Ag in 450 Meter Step-Out
Toronto, Ontario--(Newsfile Corp. - January 2, 2024) - Hercules Silver Corp. (TSXV: BIG) (OTCQ...
About this update from Hercules Metals Corp
[{"type":"text","content":"Hercules Silver Drills 161 Meters of 0.45% Cu, 148 ppm Mo, 4.4 g/t Ag, including 79 Meters of 0.53% Cu, 7.3 g/t Ag in 450 Meter Step-OutToronto, Ontario--(Newsfile Corp. - January 2, 2024) - Hercules Silver Corp. (TSXV: BIG) (OTCQB: BADEF) (FSE: 8Q7) (\"Hercules Silver\" or the \"Company\") 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 (\"Hercules\" or the \"Property\"). 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, HER-23-11 and HER-23-21 were collared 220 meters east, 450 meters southeast, and 500 meters southeast of discovery hole HER-23-05 respectively. Each hole was designed to test separate parts of a near surface 2022 IP anomaly. Assays for the remainder of HER-23-21, as well as HER-23-26, which also intersected porphyry copper mineralization, remain pending. The Leviathan Porphyry remains open for expansion in multiple directions and thus far has only been tested within the 2022 IP survey area. This first phase of blind drilling has intersected copper mineralization within an approximate 500m x 450m area represented by drill holes HER-23-05, -08, -11, -21, and -26. HER-23-21 tested approximately 800 meters of vertical extent below the silver system. All holes ended in mineralization. A new property-wide deep-penetrating IP survey (see below - \"2023 Deep Penetrating 3D IP Survey by Dias Geophysical\") demonstrates that the 2022 anomaly represents just a small part of a much larger, 4 kilometer long, potentially zoned system which largely remains to be tested. Final geophysical inversions remain pending.Large step-outs demonstrate significant scale to the newly discovered blind system. Significant silver overprints copper porphyry in HER-23-11, returning 183m of 0.3% Cu and 25 g/t Ag, including a sub-interval of 63m of 0.43% Cu, 70 g/t Ag.Low arsenic associated with the epithermal silver overprinting HER-23-11, indicating favourability for potential future smelter treatment.Assays remain pending for the remainder of HER-23-21 and HER-23-26, which also intersected porphyry mineralization.Preliminary Property-wide deep-penetrati...