By utilizing the newly identified copper district, Zeus unlocks the possibilities hidden beneath the proven silver-rich topography of Idaho.
Zeus North America Mining Corp. (CSE: Zeus II, OTCQB: Zuuzf II, Frankfurt: O92) has scaffolding in Idaho with three properties highlighted by Cuddy Mountain Property, a property in western Idaho. Idaho is considered a leading jurisdiction in terms of mining and/or resource development. The opportunity is the discovery of Tier One Polphylli Cu (+/- mo +/- ag) sediments.
Properties
Zeus recently acquired three properties in Idaho named Selway, Great Western and its flagship Cuddy Mountain. All of this property was acquired based on known silver mineralization and was likely to be undetermined porphyry until recently. The properties consist of claims from 102 (Cuddy Mountain), 57 (Selway), and 38 (Great Western) Lode Mining respectively, covering approximately 4,000 acres of cumulative areas. All properties are road accessible.
Cuddy Mountain Properties
Zeus’s Cuddy Mountain Property is adjacent to the Hercules Metals Corp. (TSXV: Big, ‘Hercules’ or ‘Hercules Metals’) Leviathan Porphyry Copper Discovery. On October 10, 2023, Hercules announced the results of the Drill Hole HER-23-05. This was the first hole to test a large (>1.8km) blind chargeability anomaly intersecting copper (‘cu’) and 111 ppm molybdenum (‘mo’) with 185.29m (‘cu’) and 111 ppm molybdenum (‘mo’) with 45.33M in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU in 1.94% CU
The hole was terminated prematurely due to drilling challenges. However, subsequent hole observations indicate that mineralization is likely to be significantly below HER-23-05 at 435m (see Hercules press release dated October 10, 2023). Anomalies in rechargeability were depicted by 3D guided polarization (“IP”) investigations. Copper mineralization is open in depth and in all directions.
More recently (April 9, 2024), Hercules reported on an expanded 3D IP survey. This portrayed multiple new targets in the strongest anomaly opened in the northeastern part where Zeus’s Kaddy Mountain Properties are located. The results of the first drills of the Hercules 2024 program remain spectacular, highlighted by Drill Hole HER-24-08, which includes 480m @ 0.47% CU.
Historical exploration at Cuddy Mountain Property
Lead Zone Mine: The historic small-scale silver/lead mine, produced from 1950 to 52, averages 3.5 oz/t silver. Seven shallow drill holes were completed in 1977, with an unusual cross between lead and silver. Drill Hole Man 8 contained 2.02 ounces of 90 feet per tonne silver (‘oz/t ag’) (Taylor, 1977).
Edna May Mine: This historic event hosts a mineralized vein with a rock tip sample containing more than 4 feet of lead (“PPM PB”), 7.7% zinc (%ZN) and 252 parts (7.7% zinc (%ZN)) per 252 parts (“PPM AG”). Subterranean excavation in 1979 crossed 1.38 ounces/t Ag above 7 feet in the corner rec belt (Burmeister, 1980).
Lock slide area: Malachite stained (copper) outcrop with grab samples containing 760 ppm Pb, 0.67% Zn, and 36 ppm Ag (Taylor, 1977).
Staking Rush and Major Mining Company
With the discovery of Leviathan Porphyry Copper, Barrick Gold has completed an initial investment in Hercules of $23 million in stock purchases. As the belt was not previously recognized as a porphyry copper district, the findings accounted for over 10,000 claims in nearly 60km, both south and south of Hercules, spurring a massive staking rush that included major mining companies Barrick Gold and Rio Tinto. Hercules also placed a full bet around Zeus before announcing their discoveries.
Opportunity: Discovering Tier One Porphyry Cu (+/- Mo +/- Ag) Deposits
The project is located within a southern extension of the topography of the porphyry Cu Stikinia/Quesnel. Nearby scout discoveries exceed 10 km2 of the young outcrop liquid Cu system adjacent to Hercules’ blind patchy patchy copper discovery. Property Geology: The presence of Cu-mo soil anomalies associated with the Seven Devils volcano (andesite).
Highlights of Cuddy Mountain 2024 Exploration Results
Zeus is currently completing his 2024 exploration campaign. Zeus allows five spatially separated drill pads in Cuddy Mountain. The drill pad is designed to test the strongest parts of a random anomaly. The results highlight the possibility of copper calcification in both skarn and porphyry across the seven mapped Devils volcanoes. More specifically, the accidental abnormality consists of:
Property Wide 3D-IP Survey: A wide range of continuous zones of NE-SW with medium to strong charging possibilities (>20ms up to 60ms), indicating the wide range of sulfide mineralization possibilities. The top of the chargeability is approximately 100-150m deep from the planned drill collar. Survey and Rock Grab Sampling (339 Rock Grab Samples): 35 samples contain more than 0.1% copper (‘cu’). The 16 samples contained more than 1.1% Cu and 3.8% Cu. 29 samples contain more than 10 grams (‘g/t ag’) per tonne. The nine samples contain more than 129 g/t Ag and values up to 307 g/t Ag. 26 samples contain more than 10 g/t molybdenum (‘mo’). Five samples contain more than 40 g/t mo and contain values up to 182 g/t mo (0.37 g/t au). Soil sampling (799 soil samples). Shallow levels of porphyry style change have been mapped using copper anomalies in and around historically defined silver mineralization. The newly identified copper-molybdenum soil anomalies include up to 0.38% copper and 28.5 parts per million (‘PPM’) molybdenum (312 PPM CU). 0.38% Cu; ground magnetic surveys (105 lines km) of the property: magnetic heights showing the magnetic system or adjacent potassium cores of magnetic dropping. Magnetic heights occurring below adjacent to the chargeability feature highlight the prominent interfaces along the Columbia River flood basalts parallel to the rechargeable body. The integration of these overlapping geophysical signatures is aligned with Cuddy. It helps to outline the compelling exploration targets for mineralisation of skarn and/or porphyry copper within the Mountain property. Geological mapping of the whole property, highlighting the existence of the Seven Devils volcano, matches the dataset above the accidental anomaly/.
Great Western Property
Great Western Properties is located in southeastern Idaho and consists of 38 road mining claims. The main exploration target of the Great Western Properties is carbonate exchange deposits. Blind porphyry may be the source of mineralization. Rock grab samples collected in this area range from 7300 g/t ag, up to 0.61% Cu to 4.25% Cu.
4,900 historic, non-compliant 43-101 resources show an average of 1.7 ounces/t Ag, 3.6% PB, and 0.5% Cu tonnes (Mchugh et al., 1991).
Pre-recon Lock Grab Sampling was completed at Great Western Properties in late 2024. The results include: Six samples containing 97 g/t Ag containing 1155 g/t Ag. Four samples with CUs above 0.17% contain samples up to 0.52% Cu.
Selway Properties
Selway’s property is located in northern Idaho and consists of 57 road mining claims. The primary exploration target for the Selway property is the falsely associated gold silver (+/- base metal) venous deposits, underneath by the TONALITIC ORTHOGNEISS and foliar granodiorite units. Recent rock grab samples contain 1.37 grams (‘g/t’) gold and 7.25 g/t silver per ton. Historic grab samples from the old ore box contain 53.6 oz/t silver and 1.08 oz/t gold (Gordon, 1973).
Pre-recon lock grab sampling was completed in late 2024 at Selway Properties.
Goldman Sachs says “copper is new oil” and “copper is on the road that’s needed to $15,000/t.” Silver is a real asset used for currency, investment and industrial purposes. The versatility of silver is bringing record demand as production declines. Therefore, Zeus is now taking advantage of two of the most dynamic and promising metals that drive the economy today: copper and silver. Macro demand for silver and copper is driving the future, and Zeus is well positioned when metal prices reach new highs.
For investors looking for exposure to America’s newly discovered porphyry copper district, Zeus is a compelling company with land packages adjacent to the discovery of Hercules metal and its Leviathan porphyry copper. Potential catalysts for the company’s stock growth and revaluation over the next two quarters include potential acquisitions, increased board strength, and drilling permits leading to the next major US porphyry discovery.
This article will also be featured in the 22nd edition of Quarterly Publication.
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