Yesterday, Zeus North America Mining Corp. (Ticker: ZEUS.c or ZUUZF for US investors) announced its exploration plans for 2024, focusing on its flagship Cuddy Mountain Property. This property is strategically located adjacent to Hercules Silver Corp.’s Hercules Project, which has recently reported a significant copper porphyry discovery.
Hercules' discovery at the Leviathan Porphyry Copper site includes an impressive intersection of 185 meters of 0.84% Copper, 111 ppm Molybdenum, and 2.6 g/t Silver, with a particularly rich segment of 45 meters at 1.95% Copper. This discovery underscores the potential of the surrounding region, including Zeus’ Cuddy Mountain Property.
Exploration Program Highlights
ZEUS is set to commence an extensive exploration program at Cuddy Mountain. ZEUS has contracted Dias Geophysical Ltd. to conduct a comprehensive 3D-DCIP Induced Polarization (IP) and Resistivity Survey across the property. This survey is scheduled for spring and summer 2024 and aims to identify promising mineralization zones.
The exploration program will also involve detailed soil sampling, mapping, and prospecting, along with rock grab sampling and high-resolution ground magnetics. These activities are designed to generate an integrated data set to pinpoint high-priority drill targets.
ZEUS is also planning initial reconnaissance prospecting and rock grab sampling at its Selway and Great Western properties which are also in Idaho. These efforts aim to evaluate potential mineralization for silver, copper, gold, lead, and zinc. Subsequent field programs will be designed based on the results.
Strategic Advantages
The Cuddy Mountain Property shares several geological similarities 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.
- Both properties lie along the Bayhorse Thrust Fault, a major structural corridor associated with significant mineralization.
- An erosional window through the younger Columbia River basalts provides access to the underlying mineral-rich formations.
Area Wide Staking Rush
The recent staking rush in the area, which has seen major players like Barrick Gold and Rio Tinto stake 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, highlighting its strategic importance.
Dean Besserer, President and CEO of ZEUS highlighted this, stating, "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".
Full Update: https://www.zeusminingcorp.com/_resources/news/nr_20240523.pdf
Posted on behalf of Zeus North America Mining Corp.