ZEUS Raises $1.4M for Expansive Exploration Zeus North America Mining Corp. (Ticker: ZEUS.c or ZUUZF for US investors) is focused on meeting the rising demand for essential metals like copper. The company is actively exploring its projects at Cuddy Mountain, Selway, and Great Western in Idaho, covering approximately 3,822 acres in total.
The company's flagship project, Cuddy Mountain, holds a strategic position next to Hercules Silver's Leviathan Copper Porphyry discovery, placing Zeus in a promising spot within Idaho's growing mining sector.
Hercules Silver's discovery of the Leviathan Copper Porphyry spurred a rush in land staking in the Idaho region, drawing attention from key investors such as Barrick Gold, which made a $23 million strategic investment in Hercules Silver to help advance their project.
Zeus's Cuddy Mountain Project is located just 1 km away from Hercules's project, benefiting from the increased activity in the region.
The Cuddy Mountain project includes notable historical areas like the Lead Zone Mine, Edna May Mine, and the Rockslide area, with past records showing promising mineralization results, including 760 ppm lead, 2.02 oz/t silver, and 7.7% zinc.
Zeus has implemented several exploration techniques at Cuddy Mountain, including soil sampling, rock analysis, ground magnetics, mapping, and 3D IP surveying. Early results indicate potential geological similarities to the Hercules discovery.
The company plans to complete its data collection and aims to begin drilling next summer, following the integration of all exploration data.
Recently, Zeus successfully raised $1.4 million through a non-brokered private placement, which will fund further exploration at its Idaho copper projects, especially at Cuddy Mountain, and provide general working capital.
Full press release: https://www.zeusminingcorp.com/_resources/news/nr_20240909.pdf
Posted on behalf of Zeus North America Mining Corp.