Hercules Metals Delivers Positive Drilling Update - Is It July 2023 All Over Again?
An encouraging drilling update from Hercules Metals stands in stark contrast to Friday's ugly trading session - in today's update I unpack the news and explain Friday's trading.
This morning, Hercules Metals (TSX-V:BIG, OTC:BADEF) delivered a drilling update from its Leviathan Copper Porphyry Project in Western Idaho. The update reads very positive with a number of key takeaways. Before we get into some of the geological clues, the drill program is going well enough that Hercules management have decided to accelerate the drill program with a total of five drill rigs now turning (4 core rigs and 1 RC rig).
So far, more than 3,000 meters have been drilled in 2025 with two holes completed, and five more currently in progress. The real juice in this news release comes in the form of the drill plan maps and CEO quotes.
If you’d rather save eight minutes and simply come away with the crux of the news release it is as follows:
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