Eastern Zone Remains One Of Best Undrilled Targets At Hercules Property

TORONTO - Hercules Metals Corp. reported on new step-out drilling at its Hercules Property in western Idaho. Drill hole HER-24-20, a 330m step-out, intersected 300m of 0.70% CuEq, beginning at a true depth of 70 meters below surface - the shallowest that porphyry mineralization has been drilled on the Property. A separate step-out hole, HER-24-19, was collared 530m southwest of HER-24-20, and intersected 149m of 0.78% CuEq, including 43m of 1.22% CuEq.

These step-out holes expand the system to the south and southeast, building on recent results in HER-24-12, which saw grades increasing at the opposite end of the system, toward the north and at depth.

Step-out hole HER-24-20 intersects 300m of 0.70% CuEq, including 138m of 1.01% CuEq beginning 70m below surface - the shallowest porphyry intercept to date. Overlying cover pinching out, exposing a multi-kilometer copper-molybdenum-gold soil anomaly - to be tested in the coming drill campaign.

This builds on recent drilling at the opposite end of the system, with mineralization now increasing in multiple directions. Large step-out hole HER-24-19 also intersects 149m of 0.78% CuEq, including 43m of 1.22% CuEq.

Chris Paul, CEO and Director, said, "The Eastern Block Zone remains one of the best undrilled targets at the Hercules Property. So far, our efforts have focused on the initial discovery area, while gradually moving toward the large soil anomaly first identified in 2022. While securing the US Forest Service (USFS) permit to drill the Eastern Block late last season, the combination of approaching winter conditions and a backlog of assays led us to postpone that new road and drill pad construction until early 2025. However, with assays confirming the enrichment zone approaches within 70 meters of surface near HER-24-20, we're now better positioned to begin targeting the highly anticipated Eastern Block Zone this spring.

The most recent IP survey indicates that mineralization extends well beyond the current limit of drilling. Despite expanding the survey in 2023, many anomalies in the western half remain open outside the survey area. To address this, the Company is now considering the largest geophysical survey ever conducted at the Hercules Property. Such a survey could involve working with a co-operative group of neighbouring companies, which would increase the overall coverage and depth of penetration. We look forward to sharing details as they come available."