Zeus North America Mining Corp. (Ticker: ZEUS.c or ZUUZF for U.S. investors) has unveiled its 2024 exploration strategy for the Cuddy Mountain Property, located near Hercules Silver Corp.’s Hercules Project, which recently identified a major copper porphyry deposit.
Cuddy Mountain shares several key geological features with the Hercules Property, including Olds Ferry terrane rocks, historical silver deposits in rhyolite, the Bayhorse Thrust Fault, and mineral-rich formations beneath newer basalts.
Hercules' exploration at its project resulted in a significant find: 185 meters at 0.84% Copper, 111 ppm Molybdenum, and 2.6 g/t Silver, with a 45-meter section at 1.95% Copper. This discovery underscores the potential of ZEUS’ Cuddy Mountain Property.
The discovery has spurred a flurry of staking in the area, with major claims by Barrick Gold and Rio Tinto, highlighting the region's high potential.
ZEUS is set to conduct a 3D-DCIP Induced Polarization (IP) and Resistivity Survey at Cuddy Mountain to identify mineralization zones. The program includes comprehensive soil sampling, mapping, rock grab sampling, and high-resolution ground magnetics to pinpoint high-priority drilling targets.
Yesterday, NevGold, another player in the Hercules Copper District, announced significant high-grade copper, gold, and silver mineralization at its Zeus project (not to be confused with ZEUS' Cuddy Mountain project).
NevGold's key findings include grades up to 1.30% Cu, 8.19 g/t Au, and 21.9 g/t Ag.
Moreover, NevGold identified a 4-kilometer trend of copper-gold-silver mineralization across the project, suggesting multiple target areas or a potential cluster of copper deposits.
Initial results indicate widespread mineralization, with significant similarities to the Hercules Silver Corp.’s copper porphyry discovery, further underscoring the copper porphyry potential of the district which includes ZEUS' Cuddy Mountain Project.
Full press release: https://markets.ft.com/data/announce/detail?dockey=1330-9156616en-6J7DU6NKJ8SEQLC57S2A088HLT
Posted on behalf of Zeus North America Mining Corp.