Multiple Broad Copper Intercepts From Phase III Program

TORONTO - Hercules Metals Corp. reported multiple broad copper intercepts from its Phase III drilling program on the newly discovered Leviathan porphyry copper system in western Idaho. 140-meter step-out delivers similar hypogene enrichment to discovery hole HER-23-05, including 55 m of 1.5% Cu, within a broader intercept of 480 meters of 0.47% Cu, 82 ppm Mo, representing the longest intercept reported to date. Additional step-out holes planned to test its potential northeast-southwest trend extending towards HER-24-12, as well as down-plunge to the southeast.

Large step-out drilling outlines a 1.6 km x 1.1 km oval-shaped enrichment blanket which remains open. Drilling continues to vector toward the potassic core of the system and test for additional centers to the east within a large untested soil anomaly. Legacy Drilling has successfully completed the first RC hole to significant depth in challenging ground, demonstrating the potential to increase drilling production and lower the overall costs. Drilling progresses with two diamond core rigs and one RC rig and remains financed through to the end of 2025.

Chris Paul, CEO and Director, said, "We are pleased with the grade and continuity returned over broad intervals in the system. The phyllic cap and hypogene enrichment blanket have expanded now to 1.6 km x 1.1 km, leading to new interpretations of the potential geometry and scale of the system. We've been able to work through drilling challenges faced at the start of the season and are now seeing strong production with the addition of Legacy's RC rig. As production increases, it continues to generate new targets and vector us toward the core of the system.

As drilling moves into new target areas, we're able to further test extensions of the widespread hypogene enrichment blanket. Hypogene enrichment is a rare phenomenon that only occurs in a small number of systems globally, but can often significantly upgrade the overall metal endowment. It remains to be seen if it extends into an as yet undiscovered high-grade potassic core."