Funded for Cuddy Mountain Exploration with $1.4M Financing Earlier this month, Zeus North America Mining (ZEUS.c) completed a $1.4 million private placement, expected to be allocated primarily toward exploration on the company's copper projects.
Significantly, Idaho has a rich history of mining and a strong geology for gold, silver and copper and experienced a 'staking rush' following the discovery of a new prophyry copper system at depth made by Hercules Metals (BIG). This spurred a $23M investment from Barrick Gold into BIG and the area quickly saw thousands of new claims being staked.
Notably, ZEUS' Mountain Property is located directly adjacent to BIG's Hercules Project, and shares similar geology and structure.
Well-positioned in the under-developed silver and potentially copper rich terrain of Idaho, ZEYS is on track to make the next big discovery in the area at with Cuddy Mountain and has significant potential for a re-rating opportunity and strategic investments.
Full News Release:
https://www.khon2.com/business/press-releases/accesswire/914531/zeus-north-america-mining-corp-announces-closing-of-previously-announced-private-placement/ Posted on Behalf of Zeus North American Mining Corp.