en.Wedoany.com Reported - Hercules Metals Corp. (BADEF:OTCMTS; BIG:TSXV) has released additional drilling results from the 2026 exploration season at the Leviathan porphyry copper deposit, part of its Hercules project in Idaho, USA. Drill hole HER-25-21 extended the mineralized system's footwall to the southwest, intersecting 801.6 meters grading 0.40% copper equivalent (CuEq) (including 0.30% copper, 82 ppm molybdenum, 5.3 g/t silver, 0.01 g/t gold), which includes a 107.8-meter interval grading 0.52% CuEq (0.43% copper, 104 ppm molybdenum, 1.8 g/t silver, 0.02 g/t gold) and a 206.3-meter interval grading 0.45% CuEq (0.39% copper, 98 ppm molybdenum, 0.7 g/t silver, 0.01 g/t gold).
Drill hole HER-25-18 also delivered extension results, intersecting 787.9 meters grading 0.54% CuEq (0.43% copper, 91 ppm molybdenum, 3.5 g/t silver, 0.03 g/t gold), including a high-grade zone of 212.8 meters grading 0.89% CuEq (0.67% copper, 128 ppm molybdenum, 10.2 g/t silver, 0.05 g/t gold). Drill hole HER-25-24 intersected 8 meters grading 1.54% CuEq starting at a downhole depth of 236 meters (112 meters true vertical depth below surface).
CEO Chris Paul stated that the company is pleased to see the Leviathan porphyry copper system continuing to demonstrate continuity and growth potential, and the team will continue to progressively expand southwestward during the 2026 exploration season. He also noted that induced polarization (IP) survey results at the new Hook target are encouraging; initially appearing as only a weak magnetotelluric (MT) anomaly, Hook has now developed into a high-priority target exhibiting nearly identical IP responses to Leviathan. After completing the remaining survey lines, the team will shift focus to the Pegasus anomaly to investigate the potential for additional near-surface mineralization.
Hercules Metals Corp. explores for copper and other rare earth deposits in Idaho, holding a 100% interest in its Hercules project, located northwest of Cambridge. The Leviathan porphyry copper system at the project is a significant discovery in the United States and continues to expand. The company has received strategic investment support from Barrick Mining Corp. (ABX:TSX; B:NYSE). Market analysis indicates that global copper demand is shifting towards strategic and less price-sensitive sectors, driven by demand from artificial intelligence infrastructure, defense, power grids, and clean energy systems. According to a report by Businessworld, these categories are expected to account for nearly 45% of total copper demand by 2040, up from 32% in 2024.
As of June 16, 2026, copper traded at $13,500 per tonne, down from the all-time high of $14,800 per tonne in the first quarter of 2026. Industry observer Bob Moriarty commented that Chris Paul's team has done an excellent job advancing a giant porphyry copper system in Idaho. He noted that the project was initially thought to be a high-grade silver epithermal system, but deeper drilling in 2023 uncovered a massive, copper-rich porphyry system, with the discovery hole reporting 184 meters grading 0.84% copper (Cu), along with molybdenum and silver values. Analyst Robert Sinn commented on the same day that a quick estimate suggests Leviathan may already be approaching 7 to 8 billion pounds of copper resources, with 10 billion pounds being the threshold that would prompt major global copper producers to take notice and initiate engagement.
Hercules Metals Corp. is conducting reconnaissance IP surveys on newly discovered targets, such as the Pegasus and Hook MT anomalies, to refine target positioning prior to drill testing. One survey line deployed at Hook has already returned a significant chargeability response. Final survey results will be released after weather permits higher elevation testing in the second quarter.
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