Zeus North America Mining Corp. Provides Cuddy Mountain Exploration Update
Zeus North America Mining Corp.
1100 - 1199 West Hastings Street
Vancouver, BC, V6E 3T5
Zeus North America Mining Corp. Provides Cuddy Mountain Exploration
Update
Highlights of the 2024 Exploration Program at Cuddy Mountain:
• Staked 19 additional BLM Lode Claims to cover areas underlain by the Seven Devils
Volcanics which host the neighboring Leviathan Porphyry Copper mineralization;
• Completed a property wide 3D-DCIP Induced Polarization (“IP”) and Resistivity
Survey using Dias Geophysical Ltd.;
• Completed a property wide Ground Magnetic Survey totalling 105 line km’s of high
resolution magnetic data;
• Completed soil sampling (799 samples) and rock grab sampling (339 samples);
• The staking rush continues both to the north and south of Zeus with thousands of
new claims staked (Figure 1);
• Completed a property wide mapping campaign. The mapped stratigraphy within the
Cuddy Mountain Property demonstrates that the same stratigraphic section exists
with the Property as that shown on Hercules drill sections which intersected Porphyry
mineralization. The mapping is highlighted by (Figure 2):
o Exposures of the Hercules Rhyolites in the northeast;
o Exposure of the ‘red conglomerate’ , which is the marker horizon at the
unconformity between the Hercules Rhyolites and Seven Devils Volcanics;
o Altered and mineralized exposures of the Seven Devils Volcanics occur within
the Property. In tense epidote alteration occurs within the Seven Devils
Volcanics;
o Structural complexity , including numerous folds and faults , were mapped
within the Property. Numerous mapped faults contain copper mineralization
as malachite and azurite;
o Exposures of younger porphyry intrusion s and/or dykes which are locally
strongly sulphidic, containing chalcopyrite. Chalcopyrite, malachite, azurite,
and chrysocolla are common in porphyry units near the historical Rockslide
showing and the unconformity;
o Pyrite, chalcopyrite and bornite occur in rocks in close proximity to the Edna
May showing;
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Vancouver, British Columbia, October 24, 2024 – Zeus North America Mining Corp. (CSE:
ZEUS) (OTCQB: ZUUZF) (FRANKFURT: O92) (the “ Company” or “ Zeus”) is pleased to
announce that Zeus has completed its 2024 exploration program at its flagship Cuddy Mountain
Project.
Dean Besserer, President and CEO stated, “Our 2024 exploration program activities, including the
19 new BLM lode claims, underscore our confidence in the Cuddy Mountain Project's immense
potential. As the staking rush continues in the area more than a year later, the discovery of a new
porphyry copper belt in the United States has captured the attention of majors and juniors alike.
This is just the beginning as we continue to capitalize on the opportunities presented by this highly
prospective region.”
The summer programs consisted of property wide mapping, sampling and geophysics including:
799 Soil samples; 339 rock grab samples; mapping and property wide ground magnetics and 3D -
DCIP Induced Polarization (“IP”) and Resistivity surveys. Results are pending and will be
provided in further updates when available.
Importantly, the mapped stratigraphy within the Cuddy Mountain Property demonstrates that the
same stratigraphic section exists with the Property as that shown on Hercules drill sections which
intersected Porphyry mineralization.
Highlights from the Mapping:
Exposures of the Hercules Rhyolites in the northeast commonly form large outcrop faces. The
Rhyolites are more than 100 m thick and may be repeated by faulting . The Rhyolites are often
silicified with propylitic alteration.
Exposures of the ‘red conglomerate’, which is a marker horizon at the unconformity between the
Hercules Rhyolites and Seven Dev ils Volcanics. These are exposed in the northeastern, central,
and southwestern parts of the Property. The ‘red conglomerate ’, overlying the Seven Devils
volcanic complex is immature and polymictic with interbedded sand - and siltstone. Outcrops
weather red (hematite) to greyish green.
Exposures of the Seven Dev ils Volcanics occur in the southern and central parts of the Property
below the basalt cover to the south. Commonly heterogenous volcanic textures, from aphanitic to
laminated to phenocrystic to volcanoclastic, at outcrop scale. The rocks are variably fractured to
brecciated, bleached, silicified and/or oxidized, with at least two prominent southeast -trending
zones of intense alteration and mineralization (blebby and disseminated sulphides; intense
manganese oxide and iron staining to fracture -controlled infiltration/replace ment), possibly
controlled by fault zones. Barite hydrothermal vein mineralization occurs in trenches near the
south end of Property.
Exposures of younger porphyry intrusions are typically moderately to strongly fractured and
locally brecciated including fragments of volcaniclastic rocks. These m ay form d ykes and/or
intrusive bodies in the volcanic complex. Locally these intrusions and/or dykes are strongly
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sulphidic with chalcopyrite. Chalcopyrite, malachite, azurite, and chrysocolla are common in
porphyry units around the historical Rockslide copper showing (Figure 2).
Mineralized hydrothermal breccias were mapped near the historical Edna May showing (Figure
2). They consisted of intrusive or hydrothermal breccias. Near the Edna May showing the breccias
have a black matrix pyrite and peacock sulphides along the margin or porphyry dykes. Fragments
of fine grey silicified material locally contain up to 10% sooty sulphides , 1% pyrite and trace
bornite and chalcopyrite.
Structural complexity exists throughout the Property including numerous mapped folds and faults.
Numerous mapped faults contain copper mineralization as malachite and azurite. Alteration styles
were notable throughout the Property , including: Chlorite alteration halos around quartz veins ;
Sericite +/- chlorite +/- pyrite alteration in monzonitic porphyry dykes; and Semi-massive epidote-
magnetite +/- pyrite alteration. Intense epidote alteration was observed in many areas of the Seven
Devils Volcanics, especially moving towards the southern portion of the valley.
Other Items
The Company has entered into a n advertising services agreement dated for reference August 20,
2024 with CEO.CA Technologies Ltd. for a 6 month advertising term commencing October 2024
for total consideration of $50,000. CEO.CA owns and operates a leading and rapidly -growing
investment social network. The Company has also entered into a services arrangement with Brisco
Capital Partners for the provisions of investor relations services for the remainder of 2024 for
aggregate consideration of $45,000. Brisco is a Calgary based investor relations consultancy, led
by Scott Koyich.
Qualified Person
The scientific and technical information in this news release has been reviewed and approved by
Dean Besserer, P.Geo., the President & CEO for the company and Qualified Person as defined in
NI 43-101.
On behalf of the board of directors.
“Dean Besserer”
President and CEO
For more information, please contact the Company at [email protected]
FOR INVESTOR RELATIONS CONTACT:
Kin Communications Inc.
Ph: 604-684-6730
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About Zeus North America Mining Corp.
The Company is in the business of mineral exploration. The Company is focused on its exploration
properties in the state of Idaho known as the: Cuddy Mountain; Selway; and Great Western
properties, respectively. The Idaho properties consist of 101 (Cuddy Mountain), 57 (Selway) and
38 (Great Western) lode mining claims respectively and cover a cumulative area of approximately
4,200 acres. The Company’s flagship Cuddy Mountain Property is adjacent to Hercules Metal
Corp’s Leviathan Copper Porphyry discovery.
Figure 1. Staking Rush in the Cuddy Mountain Area, Idaho
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Figure 2. Cuddy Mountain Preliminary Geological Mapping
Forward Looking Statements
When used in this news release, the words "estimate", "project", "belief", "anticipate", "intend",
"expect", "plan", "predict", "may" or "should" and the negative of these words or such variations
thereon or comparable terminology are intended to identify forward-looking statements and
information. Although the Company believes, in light of the experience of their respective officers
and directors, current conditions and expected future developments and other factors that have
been considered appropriate, that the expectations reflected in the forward-looking statements and
information in this news release are reasonable, undue reliance should not be placed on them
because the parties can give no assurance that such statements will prove to be correct. The
forward-looking statements and information in this news release include, amongst others, the
Company's exploration plans. Such statements and information reflect the current view of the
Company. There are risks and uncertainties that may cause actual results to differ materially from
those contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause our actual results, performance or achievements, or other future
events, to be materially different from any future results, performance or achievements or implied
by such forward-looking statements. There are a number of important factors that could cause the
Company's actual results to differ materially from those indicated or implied by forward -looking
statements and information. S uch factors include, among others: currency fluctuations; limited
business history of the parties; disruptions or changes in the credit or security markets; results of
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operation activities and development of projects; project cost overruns or unanticipated costs and
expenses; and general development, market and industry conditions.
The Company undertakes no obligation to comment on analyses, expectations or statements made
by third parties in respect of its securities or its financial or operating results (as applicable). The
Company cautions that the foregoing list of material facto rs is not exhaustive. When relying on
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The Company has assumed that the material factors referred to in the previous paragraph will not
cause such forward-looking statements and information to differ materially from actual results or
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be no assurance that such assumptions will reflect the actual outcome of such items or factors.
The forward-looking information contained in this news release represents the expectations of the
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