Hercules Metals Corp.

Final preparations underway for upcoming Phase II drill program at Hercules, including construction of core logging and cutting facilities; Phase II program upsized to a minimum of 6,000 meters to allow testing of additional targets and deeper drilling; The Company expects to remain fully financed for a follow-up Phase III drill program as well; Phase II program will be focused on the following targets: Hercules Adit and [...]

Select rock chip samples previously reported were fire assayed for gold, returning grades consistent with a porphyry copper/skarn system at the Metheny, Lightning Breccia and Big Cut Zones1 Supports the thesis of a potential buried porphyry copper intrusion on the east side of Property, with further evidence including: Widespread phyllic and argillic alteration, typically found above a porphyry intrusion, with distal [...]

Hercules Silver Corp. is pleased to announce that it has closed its previously announced brokered private placement offering of units of the Company for aggregate gross proceeds of $5,750,000, including the full exercise of the agents' option. The Offering was led by Canaccord Genuity Corp. as part of a syndicate of agents including Research Capital Corporation and 3L Capital Inc. . In connection with the Offering, the [...]

Hercules Silver Corp. is pleased to announce that it has entered into a letter agreement with Canaccord Genuity Corp., as lead agent and bookrunner, on its own behalf and on behalf of a syndicate of agents including Research Capital Corp. in connection with a fully marketed private placement for the sale of up to 25,000,000 units of the Company at a price of C$0.20 per Unit for gross proceeds of up to C$5,000,000 . Each [...]

Hercules Silver Corp. is pleased to announce the appointment of Mr. Kelly Malcolm as an Independent Director of the Company. The appointment expands the board of directors of the Company to five qualified professionals, with extensive backgrounds in exploration and development, capital markets, accounting and finance, and corporate governance. The Board now consists of a majority of independent directors. Mr. Malcolm is a [...]

Strong grade over multiple significant intervals, including drill hole HER-22-01, the first hole of the program, which intercepted 38 meters of 353 g/t Ag, 0.64% Pb, 2.28% Zn and 0.16% Cu , beginning at a shallow depth of 26 m depth in first drill hole, HER-22-01. HER-22-01 included a higher-grade intercept of 4.57 m grading 791 g/t Ag, 1.25% Pb, 4.06% Zn and 0.18% Cu starting at 29 m. HER-22-07 intersected 44.2 m grading [...]

Launching a Spring 2023 core drilling campaign for up to 3,000 meters Testing new targets, extensions of historical mineralization, and high-grade shoots interpreted within the Hercules Adit and Frogpond Zones Targeting extension of a high-grade shoot discovered in the final two years of historical drilling, at the east end of the Frogpond Zone 89% of historical holes were drilled vertically, potentially missing important [...]

Over 800 outcrop chip samples highlighting a widespread silver-lead-zinc-copper system. Grades up to 21% copper at the Big Cut Skarn and 2,810 g/t silver in the untested Grade Creek Zone1 Results confirm a multi-kilometer-scale system, delimited by a number of mineralized zones which may be contiguous under surface cover Majority of samples collected from scattered bedrock exposures of Hercules Rhyolite are mineralized [...]

New 3D IP survey over the Hercules Adit, Frogpond and Belmont Zones reveals a large-scale, high-strength chargeability anomaly below historical drilling Strong chargeability values over a continuous strike length of 1.8 km Anomaly is coincident with the untested base of the Hercules Rhyolite where surface mapping indicates the strongest silver mineralization to occur Lower portion of anomaly lies down dip of the copper [...]

First drill program undertaken in 34+ years at the Hercules Property 9 drill holes completed with a low-cost track-mounted RC drill rig High-priority areas tested within the Frogpond and Hercules Adit Zones for potential inclusion in future resource estimates Planning underway for an expanded Phase II drill program Final 3D IP inversions expected soon Hercules Silver Corp. is pleased to report that it has completed its [...]