Fully subscribed non-brokered private placement announced Earler this week, Zeus North America Mining (ZEUS.c) announced a fully subscribed non-brokered private placement to raise $1,000,000.
The funds will be used for exploration programs on the company's Idaho copper projects, including its flagship Cuddy Mountain project, and for general working capital.
Primarily focused on silver and copper, ZEUS has three properties in Idaho with its key flagship property located directly adjacent to Hercules Metals' (BIG) significant copper discovery.
The Cuddy Mountain Project
- Flagship property in Idaho
- Adjacent to Hercules Metals' significant copper discovery which spurred a staking rush in the district, highlighted by Barrick and RIO
- Potential for buried copper deposits as it shares the same major geological structure and exhibits numerous geological similarities to BIG
- Extensive exploration including soil sampling, ground magnetics, rock sampling and 3D IP surveying has been conducted
- Drilling planned to commence in summer 2024
Potentially on track to make the next big discovery in the area at with Cuddy Mountain, ZEUS has attracted attention from major mining companies thus far and has significant potential for a re-rating opportunity and strategic investments.
Full News Release: https://www.innovationnewsnetwork.com/zeus-north-america-mining-corp-arranges-1-0m-private-placement/49681/
Posted on Behalf of Zeus North American Mining Corp.