{"id":47924,"date":"2024-05-29T08:58:57","date_gmt":"2024-05-29T07:58:57","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=47924"},"modified":"2024-05-29T09:29:08","modified_gmt":"2024-05-29T08:29:08","slug":"exploration-in-americas-newest-copper-district","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/exploration-in-americas-newest-copper-district\/47924\/","title":{"rendered":"Exploration in America\u2019s newest copper district"},"content":{"rendered":"

Zeus is unlocking the potential hidden beneath the silver-rich terrain of Idaho by tapping into a newly identified copper district.<\/h2>\n

Zeus North America Mining Corp.<\/a> (CSE:ZEUS | OTCQB: ZUUZF\u00a0 | FRANKFURT: O92) has a foothold in Idaho, with three properties highlighted by its flagship copper property, the Cuddy Mountain Property, in Western Idaho. Idaho is considered a top-tier jurisdiction with respect to mining and\/or resource development.<\/p>\n

Zeus\u2019 properties<\/h3>\n

Zeus recently acquired three properties in Idaho: Selway, Great Western, and its flagship, Cuddy Mountain. The properties were all acquired based on known silver mineralisation and with undetermined Porphyry potential until recently. The properties consist of 82 (Cuddy Mountain), 57 (Selway), and 38 (Great Western) lode mining claims, respectively, and cover a cumulative area of approximately 3,660 acres. All the properties are road accessible.<\/p>\n

The Cuddy Mountain property<\/h3>\n

Zeus\u2019 Cuddy Mountain property<\/a> is adjacent to Hercules Silver Corp.\u2019s (TSXV:BIG, \u2018Hercules\u2019 or \u2018Hercules Silver\u2019) Leviathan Porphyry Copper Discovery.\u00a0 On 10 October 2023, Hercules announced the results from drill hole HER-23-05.\u00a0 This was the first hole to test a large-scale (>1.8km) blind chargeability anomaly and intersected 185.29m of 0.84% Copper (Cu) and 111 ppm Molybdenum (Mo) from 246m to 431.2m, including 45.33m of 1.94% Cu within the Seven Devils Volcanics.<\/p>\n

The hole ended prematurely due to drilling challenges. However, observations in subsequent holes indicate that the mineralisation likely extends significantly below HER-23-05 at 435m (see Hercules press release dated 10 October 2023 at www.herculessilver.com<\/a>). The chargeability anomaly was delineated by a 3D Induced Polarization (IP) survey, which has since been expanded greatly.\u00a0 The copper mineralisation is open at depth and in all directions. More recently (09 April 2024), Hercules reported on their expanded 3D IP survey, which delineated multiple new targets with the strongest anomalies open to the northeast where Zeus\u2019 Cuddy Mountain Property is positioned.<\/p>\n

Historical exploration at the Cuddy Mountain Property<\/h3>\n

Lead Zone Mine: Historical small-scale silver\/lead mine averaging 3.5oz\/t silver, which was in production from 1950 to 1952. Seven shallow drill holes were completed in 1977 which intersected anomalous lead and silver. Drill hole Mun 8 contained 90 feet of 2.02 ounces per ton silver (oz\/t Ag)(Taylor, 1977).<\/p>\n

Edna May Mine: This historical occurrence hosts a mineralised vein with rock chip samples containing 750 parts per million lead (ppm Pb), 7.7% zinc (% Zn), and 252 parts per million silver (ppm Ag) over 4 feet. Underground drilling in 1979 intersected 1.38oz\/t Ag over 7 feet in a breccia zone (Burmeister, 1980).<\/p>\n

Rockslide area: Malachite-stained (Copper) outcrops with a grab sample containing 760 ppm Pb, 0.67 % Zn and 36 ppm Ag (Taylor, 1977).<\/p>\n

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Staking rush and major mining companies<\/h3>\n

The Leviathan Porphyry Copper discovery led to Barrick Gold completing an initial investment of $23m in Hercules through a share purchase. As this belt was not previously recognised as a porphyry copper district, the discovery spurred a massive staking rush consisting of over 10,000 claims over nearly 50km both to the northwest and south of Hercules, including major mining companies Barrick Gold and Rio Tinto. Hercules also completely staked around Zeus prior to announcing their discovery.<\/p>\n

Cuddy Mountain Property highlights<\/h3>\n

Strong similarities have been identified between the Cuddy Mountain Property and the adjacent Hercules copper porphyry discovery:<\/p>\n