As highlighted today by Innovation News Network, Zeus North America Mining Corp. (Ticker: ZEUS.c or ZUUZF for US investors) is working to take full advantage of its foothold in a new copper district within Idaho’s silver-rich terrain.
ZEUS has strategically acquired three key properties: Cuddy Mountain, Selway, and Great Western. The flagship property, Cuddy Mountain, is poised to become a cornerstone of their exploration endeavors, situated in Western Idaho, an area renowned for its favorable mining and resource development environment.
The Cuddy Mountain property stands out due to its proximity to Hercules Silver Corp.'s Leviathan Porphyry Copper Discovery. On October 10, 2023, Hercules reported that one of its drill holes intersected significant mineralization, including 185.29 meters of 0.84% copper and 111 ppm molybdenum, highlighting the area's potential. This discovery has spurred interest from major mining companies, with Barrick Gold investing $23 million in Hercules, leading to a massive staking rush in the region.
Historically, the Cuddy Mountain property has shown promising mineralization. The project's Lead Zone Mine, which operated in the early 1950s, and the Edna May Mine have both demonstrated substantial silver and lead occurrences. Additionally, malachite-stained outcrops in the Rockslide area indicate the presence of copper. These historical insights underpin the potential for significant discoveries on Zeus’s property.
ZEUS' exploration strategy for 2024 is ambitious and comprehensive. It includes a 3D Induced Polarization (IP) survey, geological mapping, rock-grab sampling, ground magnetic survey, aerial drone survey, and soil sampling. These efforts aim to delineate high-priority drill targets for 2025, leveraging advanced technology and historical data to unlock the property's full potential.
ZEUS' Selway property, located in north-central Idaho, focuses on gold-silver vein deposits, with recent rock-grab samples showing significant mineral content. Historical data supports the presence of valuable minerals, enhancing the property’s appeal. Similarly, the Great Western property, located in southeast Idaho, targets a Carbonate Replacement Deposit with rock-grab samples revealing high silver and copper content.
The global demand for copper and silver is surging, driven by their critical roles in various industries, including technology and renewable energy. Goldman Sachs has projected that copper will reach $15,000 per ton and Silver, known for its versatility, is experiencing record demand amidst declining production.
Zeus is strategically positioned to capitalize on these market dynamics, offering investors a compelling opportunity to gain exposure to America's newly discovered porphyry copper district.
Full article here: https://www.innovationnewsnetwork.com/exploration-in-americas-newest-copper-district/47924/
Posted on behalf of Zeus North America Mining Corp.