Hercules Metals Enters into Strategic Agreement with Barrick to Consolidate 73-Kilometre Claim Belt Around Its Leviathan Copper Discovery in Idaho
Transformative agreement to secure control of America's newest porphyry copper district Barrick increases its equity stake in the Company and positions Hercules to advance a district-scale exploration strategy moving forward.Agreement grants Hercules an option to acquire the 73-kilometre "Olympus" claim belt, extending in both directions from its Leviathan porphyry copper discovery.Expands the Company's total land position from 26,000 acres to over 100,000 acres.Toronto, Ontario--(Newsfile Corp.
Transformative agreement to secure control of America's newest porphyry copper district Barrick increases its equity stake in the Company and positions Hercules to advance a district-scale exploration strategy moving forward.Agreement grants Hercules an option to acquire the 73-kilometre "Olympus" claim belt, extending in both directions from its Leviathan porphyry copper discovery.Expands the Company's total land position from 26,000 acres to over 100,000 acres.Toronto, Ontario--(Newsfile Corp.