COPPER: $39B Bid for NGLOY Denied + BIG & ZEUS' Copper Projs Copper is currently in high demand due to its use in various industries, including renewable energy technologies like wind turbines and solar panels. This surge in demand has led to a near two-year high in copper prices. Hammering home how hot the sector is, Anglo American recently rejected a $39 billion acquisition bid from BHP Billiton because they anticipate even higher prices in the future.
Source: https://www.marketplace.org/2024/04/29/copper-prices-demand-green-energy-transition/
Reflecting this fervor, the copper exploration sector in the US may also be experiencing an upswing. Hercules Silver (BIG.v) recently discovered the Leviathan Copper Porphyry in Idaho, prompting significant investor interest, notably from Barrick Gold (GOLD), who made a $23 million strategic investment.
Situated just 1km from BIG's Project lies Zeus North America Mining's (Ticker: ZEUS.c or ZUUZF for US investors) Cuddy Mountain Project. Being in close proximity and on trend with BIG's find, Cuddy Mountain stands poised to reap the rewards of the heightened activity and staking interest in the area.
Historic data shows that Cuddy Mountain's historic Lead Zone Mine, Edna May Mine, and Rockslide area have promising mineralization.
In May, ZEUS is planning to do a 3D induced polarization survey at Cuddy Mountain. Then over the summer, the company will do mapping, ground magnetics and rock grab & soil sampling.
BIG is also set to conduct an extensive drilling campaign at its project, positive results from which could reflect positively on the Cuddy Mountain Project and ZEUS.
ZEUS Investor Deck: https://www.zeusminingcorp.com/_resources/presentations/Corporate-Presentation2.pdf?v=0425
Posted on behalf of Zeus North America Mining Corp.