ZEUS.c and the Copper Demand Surge As highlighted in the CNBC video below, copper demand is surging, driven by its crucial role in construction, defense, EVs, and renewable energy. Existing mines can only meet 80% of needs by 2030. Mining faces labor shortages, regulatory hurdles, and local pushback.
Full video here:
Zeus North America Mining Corp. (Ticker: ZEUS.c or ZUUZF for US investors) is a promising copper and silver junior that is well located beside a new and significant porphyry copper discovery.
ZEUS' Cuddy Mountain Property is adjacent to Hercules Silver Corp.’s Leviathan Porphyry Copper discovery, where 185 meters of 0.84% Copper, 111 ppm Molybdenum, and 2.6 g/t Silver was intersected. A 45-meter segment within this find returned 1.95% copper.
With this, there was a massive uptick in regional staking activities, with major players such as Barrick Gold and Rio Tinto acquiring numerous mining claims. Interestingly, Hercules Silver Corp. ring-staked the Zeus property before their discovery announcement.
Overall, Hercules' discovery and the subsequent staking frenzy emphasizes the substantial potential of the surrounding region, including Zeus’ Cuddy Mountain Property.
Moreover, the Cuddy Mountain Property shares several geological similarities with the Hercules Property. Both properties contain Olds Ferry terrane rocks, including the Hercules Rhyolite and Seven Devils Volcanics.
Historical silver occurrences and small-scale mines hosted in rhyolite are found on both properties, and both are located along the Bayhorse Thrust Fault, a significant structural corridor associated with substantial mineralization.
ZEUS has unveiled its 2024 exploration strategy, which prominently features an extensive program focused on Cuddy Mountain.
The company has engaged Dias Geophysical Ltd. to conduct a detailed 3D-DCIP Induced Polarization (IP) and Resistivity Survey, scheduled for this summer. The main goal of this survey is to identify promising mineralization zones across the property.
Additionally, the exploration program includes comprehensive soil sampling, mapping, and prospecting, along with rock grab sampling and high-resolution ground magnetics. These efforts are meticulously planned to gather an integrated dataset, aiding in the identification of high-priority drill targets.
More here: https://www.zeusminingcorp.com/_resources/news/nr_20240523.pdf
Posted on behalf of Zeus North America Mining Corp.