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HER-26-01 Intersects 0.58% CuEq over 287 m, including 0.80% CuEq over 66 m in 200 m Step-out Drill Hole
Read about it here: herculesmetals.com/news-release/?…
Potential Southern Extension of Leviathan: 3D modelling suggests the new Southern Flats zone may be an approximate 1 km southern extension, and therefore potentially continuous with, the Leviathan copper porphyry system defined to the north.
Drilling to Fill the Gap: Assays are currently pending for drill hole HER-26-04. Two drill rigs are currently drilling holes HER-26-05 and HER-26-06, focused on expanding Leviathan to the south and infilling the 1-kilometer gap in drilling towards Southern Flats.
Significant Scale Potential: Mineralization at both Southern Flats and Leviathan is centered on a large magnetotelluric (“MT”) and induced polarization (“IP”) anomaly that continues several kilometers south into the largely untested “Pegasus” target. The Hook target 3 km to the east appears to be a parallel structure with a similar geophysical anomaly.
Vertically Extensive: Drilling at Southern Flats shows strong vertical continuity. HER-26-01 was terminated in a late porphyry intrusion. Mineralization is interpreted to occur on either side of the late porphyry however the hole was terminated due to depth.
Enrichment Potential: The strong copper enrichment that occurs in the upper portion of Leviathan has not yet been located at Southern Flats, with potential for a higher-grade subzone elsewhere within the target area. Bornite mineralization below the leach cap in 26-01 suggests that this style of mineralization may be present in Southern Flats.
Shallowing Potential: 3D modelling suggests the cover rocks thin to the south, toward the Pegasus target (see Figure 3 long-section).
#Copper #Idaho #porphyry #miningnews #investingnews #capitalmarkets #investing #exploration #discovery #mining #news $BIG.V
Read about it here: herculesmetals.com/news-release/?…
Potential Southern Extension of Leviathan: 3D modelling suggests the new Southern Flats zone may be an approximate 1 km southern extension, and therefore potentially continuous with, the Leviathan copper porphyry system defined to the north.
Drilling to Fill the Gap: Assays are currently pending for drill hole HER-26-04. Two drill rigs are currently drilling holes HER-26-05 and HER-26-06, focused on expanding Leviathan to the south and infilling the 1-kilometer gap in drilling towards Southern Flats.
Significant Scale Potential: Mineralization at both Southern Flats and Leviathan is centered on a large magnetotelluric (“MT”) and induced polarization (“IP”) anomaly that continues several kilometers south into the largely untested “Pegasus” target. The Hook target 3 km to the east appears to be a parallel structure with a similar geophysical anomaly.
Vertically Extensive: Drilling at Southern Flats shows strong vertical continuity. HER-26-01 was terminated in a late porphyry intrusion. Mineralization is interpreted to occur on either side of the late porphyry however the hole was terminated due to depth.
Enrichment Potential: The strong copper enrichment that occurs in the upper portion of Leviathan has not yet been located at Southern Flats, with potential for a higher-grade subzone elsewhere within the target area. Bornite mineralization below the leach cap in 26-01 suggests that this style of mineralization may be present in Southern Flats.
Shallowing Potential: 3D modelling suggests the cover rocks thin to the south, toward the Pegasus target (see Figure 3 long-section).
#Copper #Idaho #porphyry #miningnews #investingnews #capitalmarkets #investing #exploration #discovery #mining #news $BIG.V
