Zeus North America Mining Corp. (CSE:ZEUS)(OTCQB:ZUUZF)(FRANKFURT:O92) (the "Company" or "Zeus") is pleased to provide a corporate update on 2024 exploration at the Cuddy Mountain project in Idaho, less than 3 km to the north of the Hercules Metals high grade copper-gold-silver porphyry discovery announced in October 2023.
Highlights of the 2024 Exploration Program at Cuddy Mountain:
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Staked 19 additional BLM Lode Claims to cover areas underlain by the Seven Devils Volcanics, which host the neighboring Leviathan Porphyry Copper mineralization.
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Completed a property wide 3D-DCIP Induced Polarization ("IP") and Resistivity Survey using Dias Geophysical Ltd.
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Conducted a property wide Ground Magnetic Survey totalling 105-line km of high-resolution magnetic data.
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Collected 799 soil samples and 339 rock grab samples.
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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.
Dean Besserer, President and CEO, stated, "Our 2024 exploration program data compilation is nearly complete, and we are excited to release our results and advance towards drilling in this highly prospective region. We are excited about how 2025 is shaping up with our existing projects, numerous opportunities to aid in the growth of the company, and the Trump administration solidifying the United States' pathway towards domestic energy and mineral security."
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.
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.
All results have been received and are being integrated into a data set which will be released shortly.
Additionally, Governor Brad Little signed Executive Order 2025-02, the Strategic Permitting, Efficiency, and Economic Development (SPEED) Act, aimed at better coordinating state permitting on big projects that promote energy independence, support national security, and drive the economy. The establishment of a SPEED Council is expected to create a more efficient regulatory process in Idaho while maintaining environmental oversight.
"Idaho leads the nation in streamlining regulations and promoting good government, but there is always more we can do to improve. With President Trump's return to the White House, there is a renewed focus on efficiency in government at the federal level. In that same spirit, here in Idaho we are going to take even more steps to make sure state government does not get in the way of projects that support our economy," Governor Little said.
For more information on the SPEED act, click here.
Other Items
As of February 3,2025 the Company has entered into a 6-month marketing and consulting contract with Toronto-based marketing firm, Outside The Box Capital Inc. (the "Contract"). Outside The Box Capital Inc. specializes in various social media platforms and will be able to facilitate greater awareness and widespread dissemination of the Company's news. In connection with the Contract, Zeus North America Mining Corp. will pay Outside The Box Capital $287,925 and 750,000 options priced at 0.19cents with a one year expiry. Outside The Box Capital currently own zero ("0") shares of the Company.
As of February 4, 2025 the Company has entered into a consulting agreement with Plutus Invest and Consulting GmbH ("Plutus"), pursuant to which Plutus will provide the Company with marketing and communications services for a twelve-month term. The marketing services provided by Plutus will be in consulting with the Company's management in building investor awareness of the Company through Plutus's network in Europe. The Company has agreed to pay Plutus a consulting fee of € 120,000 upon the commencement of services and up to € 450,000 over the term, as agreed between the parties. The consulting agreement with Plutus was negotiated through arm's length negotiations and may be terminated within 30 days by either party. Plutus does not hold any securities of the Company.
In addition to the options noted above, the Company has issued 400,000 options to various consultants and 200,000 options to one officer of the Company. The options are priced at 0.19 cents and expiry in 2 years and 5 years, respectively.
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 info@zeusminingcorp.com
FOR INVESTOR RELATIONS CONTACT:
Kin Communications Inc.
Ph: 604-684-6730
ZEUS@kincommunications.com
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.
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. Such factors include, among others: currency fluctuations; limited business history of the parties; disruptions or changes in the credit or security markets; results of 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 factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. 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 events. However, the list of these factors is not exhaustive and is subject to change and there can 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 Company as of the date of this news release and, accordingly, are subject to change after such date. The Company does not undertake to update this information at any particular time except as required in accordance with applicable laws.
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release.
SOURCE: Zeus North America Mining Corp.
