ZEUS Unveils Exploration Roadmap for 2024 Zeus North America Mining Corp. (Ticker: ZEUS.c or ZUUZF for US investors) recently shared its strategy for exploration in 2024, directing its focus towards its Cuddy Mountain Property. This asset strategically sits adjacent to Hercules Silver Corp.’s Hercules Project, which recently revealed a notable discovery in copper porphyry.
Hercules' breakthrough at the Leviathan Porphyry Copper site includes a remarkable intersection showcasing 185 meters of 0.84% Copper, 111 ppm Molybdenum, and 2.6 g/t Silver.
Particularly noteworthy is a concentrated segment within this find, displaying 45 meters at 1.95% Copper. This discovery underscores the significant potential of the encompassing region, inclusive of Zeus’ Cuddy Mountain Property.
The Cuddy Mountain Property shares several geological parallels with the adjacent Hercules Property. Both properties feature Olds Ferry terrane rocks, including the Hercules Rhyolite and Seven Devils Volcanics. Historical silver occurrences and small-scale mines hosted in rhyolite are present on both properties and doth properties are situated along the Bayhorse Thrust Fault, a significant structural corridor linked with substantial mineralization.
The recent surge in regional staking activities, with key players such as Barrick Gold and Rio Tinto securing numerous mining claims, further validates the potential of Zeus' Cuddy Mountain Property. Notably, Hercules Silver Corp. ring-staked the Zeus property prior to their discovery announcement, emphasizing its strategic significance.
Dean Besserer, President and CEO of ZEUS, emphasized, “This is one of the largest staking rushes I’ve seen in my career. Many still don’t recognize the magnitude of this discovery as it has unveiled a new and previously unknown Porphyry Copper belt. The fact that we have the Property directly adjacent to such a great discovery and along the same major structure is exciting."
ZEUS is poised to initiate a comprehensive exploration program at Cuddy Mountain. The company has engaged Dias Geophysical Ltd. for a thorough 3D-DCIP Induced Polarization (IP) and Resistivity Survey, scheduled for this summer. The primary aim of this survey is to pinpoint promising mineralization zones across the property.
Additionally, the exploration program encompasses meticulous soil sampling, mapping, and prospecting, alongside rock grab sampling and high-resolution ground magnetics. These activities are meticulously designed to amass an integrated dataset, facilitating the identification of high-priority drill targets.
ZEUS also plans preliminary reconnaissance prospecting and rock grab sampling at its Selway and Great Western properties in Idaho. These initiatives seek to assess the potential mineralization for silver, copper, gold, lead, and zinc. Future field programs will be tailored based on the outcomes of these assessments.
Full press release here:
https://www.zeusminingcorp.com/_resources/news/nr_20240523.pdf
Posted on behalf of Zeus North America Mining Corp.