Hercules Metals Provides Positive Update on its 2025 Drilling Campaign 2025 drilling validating new 3D geological model; more drill rigs added to the property
Hercules Metals Provides Positive Update on its 2025
Drilling Campaign
2025 drilling validating new 3D geological model; more drill rigs
added to the property
Toronto, Ontario / June 23, 2025 – Hercules Metals Corp. ( “Hercules” or the
“Company”) (TSX-V: BIG) (OTCQB: BADEF) (FRA: C0X) is pleased to provide an
update on drilling from its 2025 field season at its Hercules Property in western Idaho (the
“Property”). The Company reports that initial drill holes from the 2025 drilling campaign
are validating the breakthrough 3D geological model announced in April 2025, and as a
result, the Company has elected to ramp up production from three (3) to five (5) drill rigs.
Highlights
• Two drill holes, (25-02 and 25-03), have been completed, and five are currently in
progress (25-04, 25-05, 25-06, 25-07, and 25-08). 25-03 tested a gap in the block
model, at a favourable orientation to cross-cut the mineralization , while 25-02
completed a 220-metre step-out to the northeast of 24-12. So far, o ver 3,000
metres have been drilled in 2025.
• Importantly, n orthwest-oriented drilling is validating the 3D geological model
developed by the technical team over the winter – now defining a shell of copper-
molybdenum (“Cu-Mo”) mineralization around a central porphyry intrusion (the
“Leviathan Target”).
• Five drill rigs (four core and one Reverse Circulation (“RC”) are now testing the
system across 2.2 kilomet res of strike. T his increase, from three drill rigs at the
outset of the 2025 campaign , accelerates production and reduces the all -in cost
per metre.
• RC pre-collars are now being used to efficiently advance through the cover
sequence. Shortly after securing the RC contract early in the season, the Company
elected to halt core drilling of hole 25-01 and reinitiate drilling with the RC rig on
an adjacent pad (25-07), improving overall efficiency.
• Approximately 1.3 kilometres of known strike are now being better defined, with a
renewed focus on the dominant structural control identified in the Cu -Mo block
model, highlighting strong grade potential around the contacts of the porphyry
intrusion.
• A series of s tep-out drill holes are also targeting along strike extensions, where
chargeability and magnetic data highlight compelling growth potential under cover
(Figures 2 and 3).
• Ongoing targeting continues to support potential for additional, untested porphyry
centres beneath both the Eastern Block and Western Deeps zones. The Eastern
Block is defined by several kilomet res of anomalous soil and rock chip
geochemistry, while the Western Deeps hosts a parallel chargeability high that
exceeds Leviathan’s anomaly in both size and amplitude (Figures 2 and 4).
Chris Paul, CEO and Director of Hercules Metals, commented, “Our 2025 campaign
is off to an encouraging start. Initial drilling intercepts have demonstrated enough
consistency with the geological model to confidently ramp up to five drill rigs and
accelerate the program.
“We commenced the program with a series of high-priority holes, aimed northwest, testing
a newly developed southeast-dipping structural model. As predicted by the model, holes
have now intersected a shell of copper and molybdenum mineralization surrounding a
central porphyry intrusion, bracketed on either side by a classic porphyry-style pyrite halo.
Early indications also show a general trend of increasing grade around the porphyry’s
contacts – a structural control which remains largely untested by previous drilling.
“We are now fully focused on rapidly delineating the full extent of the system and
concurrently testing for higher-grade controls . Our objective is to better define true
thickness along approximately 1.3 kilomet res of known strike at Leviathan, while
extending the system along trend where anomalous chargeability and magnetic data
continue.”
Mr. Paul concluded, “I want to commend our technical team for an outstanding geological
model developed over the winter, and their cost-effective management of the ongoing drill
program. In a short period of time, they’ve significantly improved both targeting accuracy
and overall drilling productivity. We have a substantial amount of drilling still ahead of us,
and I look forward to providing further updates as the season progresses.”
Figure 1: 2025 drilling at the Leviathan Target, showing holes completed, in progress, and planned,
relative to the footwall and hanging wall targets on either side of the central Leviathan Porphyry.
Figure 2: Chargeability – 2025 drilling at the Leviathan Target, relative to chargeability 450m below
surface. The geophysical pattern is consistent with a classical porphyry copper system, with a low
chargeability core flanked by a high chargeability halo. In this case, chargeability extends into the
untested Grade Creek and Southern Flats zones, while a secondary target, the Western Deeps, lies
buried beneath a down dropped fault block to the west.
Figure 3: Drone Magnetics – 2025 drilling at the Leviathan Target, relative to total magnetic intensity.
Similar to chargeability, magnetic data suggests continuity northeast into the untested Grade Creek
Zone and beyond. In the south, magnetic intensity increases before encountering p ost mineral
basalt which conceal the magnetic signature beneath Southern Flats. Chargeability data however
suggests potential for continuity in both directions.
Figure 4: Surface Geochemistry - 2025 drilling at the Leviathan Target relative to an exposed part
of the system with strong soil and rock chip geochemistry in the Eastern Block Zone . Shown in
white are a series of conceptual drill holes, subject to modification, that will test for a parallel centre
beneath Eastern Block.
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.
The 100% owned Hercules Project located northwest of Cambridge, hosts the newly
discovered Leviathan porphyry copper system, one of the most important new porphyry
discoveries in recent times. The Company is well positioned for growth through continued
drilling, supported by a strategic investment from Barrick Mining Corp.
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 base and precious metals projects worldwide.
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" occu r. 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 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 w ill 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