Zeus North America Mining Corp. (Ticker: ZEUS.c or ZUUZF for U.S. investors), a junior mining company operating in a promising copper region in Idaho, recently unveiled its exploration plans for the Cuddy Mountain Property for 2024. This site is located near Hercules Silver Corp.’s (Ticker: BIG.v or BADEF for US investors) Hercules Project, which has recently discovered a significant copper porphyry deposit.
For the 2024 exploration efforts, ZEUS plans to conduct an extensive exploration program at Cuddy Mountain, including a 3D-DCIP Induced Polarization (IP) and Resistivity Survey to pinpoint mineralization zones. The exploration program will also include detailed soil sampling, geological mapping, rock grab sampling, and high-resolution ground magnetic surveys to identify prime drilling targets.
Press release: https://www.zeusminingcorp.com/_resources/news/nr_20240523.pdf
Cuddy Mountain shares several geological characteristics with BIG's adjacent Hercules Property, including the presence of Olds Ferry terrane rocks, historic silver deposits in rhyolite, the Bayhorse Thrust Fault, and mineral-rich formations beneath younger basalt layers.
BIG's exploration at the Hercules Project has revealed a significant intersection: 185 meters at 0.84% Copper, 111 ppm Molybdenum, and 2.6 g/t Silver, with a notable 45-meter segment at 1.95% Copper. This result underscores the potential of ZEUS’ nearby Cuddy Mountain Property.
BIG's recent discovery has sparked a rush of land claims in the area, with notable stakes made by industry giants Barrick Gold and Rio Tinto, underscoring the region's high potential.
Today, BIG provided an update on its Phase III drill program at the Hercules Property. BIG has cored 3,000 meters across five completed and two ongoing drill holes and assay results are expected in batches by mid-summer.
Geological findings indicate variable porphyry alteration and mineralization, with assays expected by mid-summer. An inferred fault appears to offset mineralization northwest of the 2023 drilling. Portable spectrometer readings detected advanced argillic alteration, suggesting preservation of high-grade mineralization.
BIG's CEO Chris Paul highlighted the company's evidence of a large mineral system and its strong cash position for continued drilling. The drill program will continue throughout the year, focusing on a multi-kilometer geophysical target area.
Current and prospective ZEUS investors should keep an eye out for BIG's next update, as positive drilling results could reflect positively on ZEUS and its Cuddy Mountain Project.
More on BIG's drilling here
https://ca.finance.yahoo.com/news/hercules-silver-provides-phase-iii-110000821.html
Posted on behalf of Zeus North America Mining Corp.