Lease Option Agreement For Copper-Gold Porphyry Target In Hercules Mining District
TORONTO - Hercules Silver Corp. has entered into a lease option agreement with Anglo-Bomarc, U.S., Inc., and local prospector Merrill Palmer, which grants Hercules Silver the option to acquire a 100% interest in the Mineral property, comprising eighty-seven (87) unpatented lode mining claims within the Mineral mining district located on Bureau of Land Management (BLM) administered lands, 14 miles southwest of the Company's flagship Hercules property in Washington County, Idaho.
Chris Paul, CEO and Director, said, "We've entered into a lease option agreement to secure another key piece of ground in the Hercules mining district, which the Company believes shows strong potential to emerge into a significant copper porphyry belt. The Hercules Copper Belt, as it's referred to internally, represents a trend of underexplored copper porphyry targets with excellent discovery potential. Relative to Hercules, the Mineral Project appears to be the next best developed prospect in the district and adds another compelling copper-gold porphyry target to the portfolio. We are highly encouraged by Mineral's historical drilling, strong soil geochemistry and similar geological setting to the Hercules project."