Hercules Metals Secures Mineral Lease Agreement with the State of Idaho
Tuesday, Mar 4, 2025 7:09 am ET
Hercules Metals Corp. (TSXV: BIG) (OTCQB: BADEF) (FSE: C0X) has secured a significant strategic advantage in its exploration and development efforts with the signing of a twenty-year mineral lease agreement with the Idaho Department of Lands (IDL). The agreement grants the Company exclusive rights to explore, develop, and mine metallic minerals on approximately 7,669 acres of state-owned land adjacent to its hercules Property in western Idaho and an additional 640 acres adjacent to its nearby Mineral property. This new addition increases the Company's land position in the district by over 46%, to a total of 24,276 acres at the Leviathan porphyry discovery and 2,243 acres at the Mineral property.
The newly leased areas, which were previously unexplored due to technological limitations during the last exploration cycle from 1965 to 1984, hold significant potential for the discovery of new mineral resources. The Company's 2023 discovery of the Leviathan porphyry has revealed substantial potential throughout the surrounding area, and follow-up drilling and surface mapping have highlighted porphyry emplacement along a NW-SE trend, which increases the potential of the Lease Area.
To fully appreciate the scope of the now consolidated target, hercules metals plans on activating powerful new geophysical technologies, aimed at unlocking the potential of these previously unexplored high-priority targets. This will help the Company better understand the subsurface geology and identify potential mineral deposits within the newly leased areas.
In addition to the copper porphyry discovered below the silver system in 2023, a recent wildcat hole drilled in the new Southern Flats Zone, HER-24-16, discovered an extension of the silver system immediately below post-mineral basalt. Since the epithermal silver system overlaps with and enriches the upper part of the porphyry, strong potential is indicated for the continuation of both systems below thin cover in the Southern Flats Zone.
The mineral lease agreement with the IDL allows Hercules Metals to consolidate scale in the Hercules Porphyry Belt and advance the Leviathan discovery while exploring, developing, and mining the newly leased areas. This expanded land position and the potential for further discoveries will contribute to the Company's growth and value creation in the region.

In conclusion, Hercules Metals' mineral lease agreement with the Idaho Department of Lands provides the Company with a strategic advantage in its exploration and development efforts. The expanded land position and the potential for further discoveries will contribute to the Company's growth and value creation in the region. By utilizing powerful new geophysical technologies, Hercules Metals can unlock the potential of previously unexplored high-priority targets within the Lease Area and advance its position in the Hercules Porphyry Belt.
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