Emerging Copper Supercycle + ZEUS.c 2024 Exploration Plans As highlighted by Sprott Energy Transition Material Monthly, a new copper supercycle is being driven by several intertwined geopolitical and market trends, including electrification, national security concerns, environmental policies, supply constraints, and deglobalization. Moreover, the U.S. is implementing tariffs and import bans to bolster domestic industries and counter China's dominance in the energy transition sector.
https://sprott.com/insights/sprott-energy-transition-materials-monthly-a-new-copper-supercycle-is-emerging/
Looking at copper exploration in the US, an industry that could be significantly bolstered by the copper supercycle and US tariffs, Zeus North America Mining Corp. (Ticker: ZEUS.c or ZUUZF for U.S. investors) recently announced its 2024 exploration strategy for its Cuddy Mountain Property. This site is adjacent to Hercules Silver Corp.’s Hercules Project, which recently uncovered a significant copper porphyry deposit.
Cuddy Mountain shares several geological features with the nearby Hercules Property, such as Olds Ferry terrane rocks, historical silver deposits in rhyolite, the Bayhorse Thrust Fault, and exposures of mineral-rich formations beneath newer basalts.
Hercules' exploration at its Hercules Project yielded a notable intersection: 185 meters at 0.84% Copper, 111 ppm Molybdenum, and 2.6 g/t Silver, including a 45-meter segment at 1.95% Copper. This finding emphasizes the potential of ZEUS’ neighboring Cuddy Mountain Property.
This discovery has triggered a rush of staking in the area, with significant claims made by Barrick Gold and Rio Tinto, highlighting the region's high potential.
Dean Besserer, President and CEO of ZEUS, noted that this staking rush is one of the most significant he has seen in his career, despite it not yet being widely recognized. He expressed enthusiasm about ZEUS having a property directly next to this major discovery and on the same crucial geological structure.
For their 2024 exploration plan, ZEUS intends to commence a thorough exploration at Cuddy Mountain, hiring Dias Geophysical Ltd. for a 3D-DCIP Induced Polarization (IP) and Resistivity Survey during the spring and summer to locate mineralization zones.
The program includes comprehensive soil sampling, mapping, rock grab sampling, and high-resolution ground magnetics to identify high-priority drilling targets.
Additionally, ZEUS plans to conduct reconnaissance prospecting and rock grab sampling at its Selway and Great Western properties in Idaho, evaluating the potential for silver, copper, gold, lead, and zinc, with further field programs based on the results.
Full news here:
https://www.zeusminingcorp.com/_resources/news/nr_20240523.pdf
Posted on behalf of Zeus North America Mining Corp.