Hercules Metals Completes IP Survey at Hook Target, Defining Large, Near-Surface Chargeability Anomaly Seven Completed Survey Lines Highlight a 1.8-Kilometer Anomaly with Geometry and Intensity Comparable to the Leviathan Discovery
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Hercules Metals Completes IP Survey at Hook Target,
Defining Large, Near-Surface Chargeability Anomaly
Seven Completed Survey Lines Highlight a 1.8-Kilometer Anomaly with
Geometry and Intensity Comparable to the Leviathan Discovery
• Survey Completed: Approximately 28 line-kilometers of induced polarization ("IP")
surveying have now been completed across seven lines at the Hook target,
expanding upon a previously announced reconnaissance line which returned
exceptionally high chargeability, up to 40 mV/V.
• Strong Continuity: The completed survey has now outlined the chargeability feature
extending over a strike length of ~1.8 kilometers.
• Strongest Response Near Surface: The highest-intensity portion of the anomaly ,
ranging from 20-40 mV/V, is modelled to begin within approximately 100 meters of
surface on Lines 1 and 2, providing a near-surface drill target.
• Comparable Geometry to Leviathan Discovery: The completed survey reveals a
shallow northeast plunging geometry, with similar scale, orientation and intensity to
the IP signature at the Leviathan porphyry copper discovery (Figure 1).
• Drilling Underway: The first drill hole testing the target is currently at 200 meters
depth. The anomaly begins approximately 100 m below surface; however , a nearby
existing access road is being utilized which requires an estimated 350-400 m drilled
length to reach the target zone on the initial test (Figure 4).
Toronto, Ontario / July 2, 2026 – Hercules Metals Corp. (“Hercules” or the “Company”)
(TSX-V: BIG) (OTCQB: BADEF) (F RA: C0X) is pleased to announce the final results of
seven induced polarization (“IP”) geophysical survey lines recently completed at the Hook
target, on its 100% owned Hercules Property in western Idaho (the “Property”).
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The completed survey defines a large, continuous chargeability anomaly that extends
across all seven lines and exhibits a geometry that closely resembles the IP signature seen
at the Company's Leviathan porphyry copper discovery.
The survey was designed to determine the lateral extents of a new near surface anomaly
announced earlier in the year. The final results provide increasing confidence in the potential
for additional porphyry mineralization concealed beneath shallow post-mineral cover.
At Leviathan, elevated chargeability is closely associated with both porphyry copper
mineralization and a surrounding pyrite alteration halo, making IP one of the most effective
exploration tools for concealed porphyry systems on the Property.
Chris Paul, CEO of Hercules Metals, “Encountering continuous chargeability across seven
widely spaced survey lines has significantly strengthened our geological confidence in the
Hook target. With a geometry and intensity comparable to that at the nearby Leviathan
discovery, and strong values beginning within 100 meters of surface, we are excited that
drilling is now underway at another large new porphyry copper target in the emerging
Hercules district.”
Figure 1: Three-dimensional view, looking northwest, showing the recently completed seven-line IP survey at the
Hook target and resulting new chargeability anomaly in the lower right (orange to pink), alongside the Leviathan
IP anomaly in the upper left. The same colour scale has been applied to both datasets, highlighting the similarity
in scale, geometry and intensity between the two anomalies. In-progress drill hole HER-26-03 is shown in black.
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Figure 2: Compilation map showing the Leviathan and Southern Flats discoveries, as well as the new Hook and
Pegasus targets. MT conductivity in the background highlights a district-scale structural corridor, within which
the ongoing IP survey is exploring for shallow porphyry centers.
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Figure 3: Hook target showing Cu-Mo soil geochemistry surrounding landslide - and basalt-covered areas. Pink
traces indicate the anomalous portions of completed IP lines. The strongest chargeability response occurs
beneath shallow cover within a broader copper-molybdenum geochemical anomaly.
Figure 4: East-west cross-section (looking north) comparing the Leviathan (left) and Hook (right) IP chargeability
anomalies. Chargeability values greater than 17 mV/V are shown using a common colour scale, illustrating the
similar intensity of both targets.
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Southern Flats Drilling Update
A second drill hole has been completed to a depth of 1,255 m at the new Southern Flats
porphyry discovery. Drill hole HER-26-01 successfully extended porphyry mineralization 200
meters west of HER-25-25, where the Company recently announced an intercept of 177 m
of 0.66% CuEq1 at a new porphyry center (See NR dated May 26, 2026). Drill core has been
sampled and is being shipped to MSA Labs for analysis.
Current geological and geophysical information suggests the system strikes north-south,
indicating considerable east-west width to the mineralization , which still remains open on
both sides . MT geophysics and preliminary IP indicate the system likely extends for a
significantly greater distance north-south along strike.
A narrow porphyry dyke was intersected in HER -26-01, but a large causative porphyry
remains to be encountered, suggesting significant scale remains to be defined.
Potential Near Surface Extension at Leviathan
Updated geological modelling has identified strong potential for a southern extension of
shallow near -surface mineralization at the Leviathan system, in an area with silver -
mineralized rhyolite cover mapped at surface, with only 125 meters estimated true depth to
the porphyry target below.
A new step -out hole has commenced to test this prospective extension of Leviathan's
hanging-wall enrichment zone, which remains open toward Southern Flats. Drill testing this
shallow extension of Leviathan will allow faster turnaround of results from a high value target
area, as well as support consistent flow of exploration results from different zones , while
assays remain pending at Southern Flats.
Qualified Person
The scientific and technical information in this news release has been reviewed and
approved for disclosure by Dillon Hume, P.Geo. and Vice President, Exploration for the
Company. Mr. Hume 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) (FWB: C0X) is an exploration
Company focused on developing America’s newest porphyry copper district, in Idaho.
1 Copper equivalent (CuEq) for drill intersections is calculated using a three-year trailing average for each commodity, which equates to
US$ 4.20/lb Cu, US$ 2,600/oz Au, US$ 30.50/oz Ag and US$ 21.50/lb Mo, with 80% metallurgical recoveries assumed for all metals. The
formula is: CuEq % = Cu % + (0.000512 * Mo ppm) + (0.010591 * Ag g/t) + (0.902879* Au g/t).
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The 100% owned Hercules Project , located northwest of Cambridge, hosts the newly
discovered Leviathan porphyry copper system, one of the most important new discoveries
in the country to date. The Company is well positioned for growth through continued drilling,
supported by a strategic investment from Barrick Mining Corporation.
With the potential for significant scale, the Company’s management and board of directors
aims to deliver value to shareholders through proven discovery success.
For further information please contact:
Chris Paul
CEO & Director
Telephone +1 (604) 670-5527
Email: [email protected]
Dillon Hume
VP, Exploration
Telephone: +1 (604) 283-2043
Email: [email protected]
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 a nd
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 r esults of future drill holes; results of operations, and the
expected financial performance of the Company.
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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 approval s
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 suffici ent 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 th at 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
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UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT
AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
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