Zeus North America Mining Corp. Delineates over 741 Acre Copper and Molybdenum Soil Anomaly at Cuddy Mountain, Idaho
VANCOUVER, BC / ACCESS Newswire / March 13, 2025 / ZEUS NORTH AMERICA MINING CORP. (CSE:ZEUS)(OTCQB:ZUUZF)(FRANKFURT:O92) (THE 'COMPANY' OR 'ZEUS') is pleased to announce the discovery of a large Copper and Molybdenum soil anomaly from its recent soil sampling program at its Cuddy Mountain Project (the 'Project' of 'Cuddy Mountain') in Idaho. Cuddy Mountain is located approximately 3 kilometres ('km') to the north of Hercules Metals Corp.'s high-grade 'Hercules' copper-moly-silver porphyry discovery announced in October 2023.
Highlights of the Soil Sampling Program at Cuddy Mountain:
Collected 799 property wide soil samples at approximately 75 m spacing.
Soils delineate a broad 3 km by 3 km copper ('Cu') and molybdenum ('Mo') in soil circular anomaly underlain by the Seven Devils Volcanics (~741 acres).
Cu-Mo anomaly is strongest over the mapped volcanic rocks (andesites and rhyodacites) near the valley floor - interpreted to be sub-cropping exposure of the Seven Devils Volcanics, which host the neighbouring Leviathan Porphyry Copper discovery.
The newly identified copper-molybdenum soil anomaly contains individual soil samples up to 0.38 percent ("%") copper and 28.5 parts per million ('ppm') molybdenum (31 samples contain 212 ppm Cu or more; 5 samples contain percent level copper up to and including 0.38% Cu; 116 samples contain 2 ppm Mo or more; 6 samples contain more than 10 ppm Mo, with values up to and including 28.5 ppm Mo).
Cuddy Mountain continues to show strong similarities to the Hercules discovery, with a comparable soil geochemical footprint.
Dean Besserer, President and CEO, stated, 'We are greatly encouraged with the discovery of this large-scale anomaly at Cuddy Mountain with significant copper and molybdenum values. This large-scale anomaly covers the mapped Seven Devils Volcanics and is ideally located, reinforcing our confidence in this highly prospective region. We look forward to releasing the remainder of our fieldwork results as we move the Project towards a planned upcoming drill program. With the nearby Hercules Project gearing up for an aggressive 2025 drill season, the geological team at Zeus is eager to follow suit in the near future.'
About the Cuddy Mountain Copper Property (Idaho, USA)
The Cuddy Mountain Property is adjacent to Hercules Metals Corp.'s recently discovered Leviathan Copper Porphyry ($167M MC). * The discovery resulted in Barrick injecting $23M in equity while staking a substantial land position in the district along with Rio Tinto. The Cuddy Mountain Property consists of 101 lode mining claims respectively and cover a cumulative area of approximately 2020 acres.
Historical Drilling at Cuddy Mountain consisted of 7 shallow drill holes in 1977 intersecting anomalous lead and silver. Drill hole Mun 8 contained 90 feet of 2.02 oz/t Ag (Taylor, 1977). Further historical exploration on Zeus's Cuddy Mountain Project occurred at the Edna May Mine: Mineralized vein with chip samples containing 750 ppm ppm Pb, 7.7% Zn and 252 grams per tonne Silver over 4 feet. Underground drilling in 1979 intersected 1.38 oz/t Ag over 7 feet in a breccia zone (Burmeister, 1980). Additional exploration (By Taylor, 1977) at the Rockslide area encountered Malachite-stained outcrops with a grab sample containing 760 ppm Pb, 0.67 % Zn and 36 grams per tonne Silver (Taylor, 1977).
*Adjacent Property ( )
*All information is derived solely from management of Zeus Mining and otherwise publicly available third-party information which are believed to be reliable, but which have not been independently verified by the Company and as a result are not guaranteed as to accuracy and completeness. Zeus's management cautions that past results or discoveries on properties in proximity to Zeus may not necessarily be indicative of the presence of mineralization on the Company's properties.
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 INVESTOR RELATIONS CONTACT:
Kin Communications Inc. Ph: 604-684-6730
[email protected]
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.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Alma Gold Closes First Tranche of Private Placement
Vancouver, British Columbia--(Newsfile Corp. - July 4, 2025) - Alma Gold Inc. (CSE: ALMA) ("Alma Gold" or the "Company") announces that further to its April 25, 2025, June 9, 2025 and July 2, 2025 news releases, it has closed the first tranche of a non-brokered private placement and issued 10,692,875 units ("Units") at a price of $0.08 per Unit for gross proceeds to the Company of $855,430 (the "Private Placement"). Each Unit is comprised of one common share (each a "Share") and one transferable common share purchase warrant (each a "Warrant"). Each Warrant will entitle the holder thereof to acquire one additional Share at a price of $0.16 for a period of two (2) years from issuance. Proceeds received from the Private Placement will be used for general working capital purposes. No finder's fees were paid on the Private Placement. All securities issued are subject to a statutory hold period of four months and one day from issuance which will expire on November 4, 2025. The Company anticipates closing a second and final tranche of the Private Placement. Insider Participation: One insider participated in the Private Placement and subscribed for a total of 1,458,375 Units. The participation by such insider is a "related-party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party participation in the placement as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved the related parties, exceeded 25% of the Company's market capitalization (as determined under MI 61-101). This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. About Alma Gold Inc. Alma Gold Inc. is a gold-focused exploration company based in Bedford, Nova Scotia. Alma Gold Inc. through its subsidiary Karita Gold Corp. is exploring the Karita West Project in northern Guinea, the Dialakoro project permits under application in the Siguiri Basin of Guinea and it owns the Clarence Stream North Gold Project in southwest New Brunswick, Canada. For more information on Alma Gold Inc., please visit our website at: On Behalf of the Board of Directors "Gregory Isenor" Gregory IsenorPresident & Chief Executive Officer Alma Gold gpisenor@ The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Information This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements regarding the Company's intention to complete a second tranche of the non-brokered private placement; the anticipated use of proceeds; the issuance and terms of the common shares and warrants; and the Company's exploration plans and objectives. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially different from those expressed or implied by such forward-looking information. These risks and uncertainties include, without limitation: the risk that the Private Placement may not be completed as currently proposed or at all; the availability of capital and investor interest; regulatory and stock exchange approvals not being obtained in a timely manner, or at all; changes in economic, market and business conditions, including fluctuations in commodity prices and investor sentiment; unanticipated expenses or liabilities; and risks disclosed in the Company's public disclosure documents, including those filed under the Company's profile on SEDAR+ at Forward-looking information is based on management's reasonable assumptions, estimates, expectations, analyses and opinions as of the date of this news release, including assumptions that: all required regulatory approvals will be received in a timely manner; sufficient investor interest will be secured; and the Company will be able to use the proceeds from the Private Placement as intended. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, there can be no assurance that such information will prove to be accurate. Readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10 hours ago
- Yahoo
Permex Petroleum Announces US$2,000,000 Private Placement of Convertible Debentures
Vancouver, British Columbia--(Newsfile Corp. - July 4, 2025) - Permex Petroleum Corporation (CSE: OIL) (FSE: 75P) ("Permex" or the "Company") is pleased to announce a private placement (the "Offering") of convertible debenture units of the Company (the "Units") for gross proceeds of US$2,000,000. Pursuant to the Offering, the Company will issue 2,000 Units to a single arm's length subscriber, with each Unit consisting of one convertible debenture (a "Debenture") in the principal amount of US$1,000 and 393 common share purchase warrants (each, a "Warrant"). Each Warrant is exercisable for a period of five years from the date of issuance for one common share of the Company (a "Share") at an exercise price of US$2.54. The Debentures will mature (the "Maturity Date") one-year from the date of issuance. The Debentures bear simple interest at a rate of 10%, payable on the Maturity Date or the date on which all or any portion of the Debenture is repaid. Interest will be paid in cash or Shares based on a conversion price of US$2.54 (the "Conversion Price"), subject to the approval of the Canadian Securities Exchange (the "Exchange"). At any time during the term of the Debentures, a holder of Debentures may elect to convert the outstanding principal and any accrued and unpaid interest thereon into Shares at the Conversion Price. The Debentures will automatically convert into Shares at the Conversion Price in the event the Company completes a financing of Shares for aggregate gross proceeds of at least US$7,500,000. Any conversion of the Debentures which would exceed certain dilution thresholds is subject to the appropriate approvals, including shareholder approval if required by the policies of the CSE. The proceeds of the Offering are expected to be used for general working capital purposes. No finders' fees will be paid in connection with the Offering. The Conversion Price and exercise price of the Warrants was determined at the time discussions commenced between the Company and subscriber and is based on the closing price of the Company's Shares on the CSE on May 7, 2025. The Company obtained confidential price protection from the CSE for the Conversion Price and exercise price of the Warrants on May 7, 2025. The Company confirms that there has been no undisclosed material information with respect to the Company between May 7, 2025 and the date of this news release, and is not aware of any reason for the recent volatility in its trading price. The Company intends to close the Offering following the 5-day notice period required by CSE policy. The Units offered in the Offering have been and will be offered only to persons who either qualify as an "accredited investor" as defined in Rule 501(a) of Regulation D under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or who are located outside of the United States and are not a "U.S. person" as defined in Regulation S under the U.S. Securities Act. All securities issued pursuant to the Offering and underlying securities will be subject to a four-month hold period from the date of issuance pursuant to applicable Canadian securities laws, in addition to such other restrictions as may apply under the U.S. Securities Act and other applicable securities laws of jurisdictions outside of Canada. None of the securities to be offered in the Offering have been and will not be registered under the U.S. Securities Act or under any U.S. state securities laws and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful. This news release is being issued pursuant to and in accordance with Rule 135c under the U.S. Securities Act. About Permex Petroleum Corporation Permex Petroleum (CSE: OIL) (FSE: 75P) is a uniquely positioned junior oil & gas company with assets and operations across the Permian Basin of West Texas and the Delaware Sub-Basin of New Mexico. The Company focuses on combining its low-cost development of Held by Production assets for sustainable growth with its current and future Blue-Sky projects for scale growth. The Company, through its wholly owned subsidiary, Permex Petroleum US Corporation, is a licensed operator in both states, and owns and operates on private, state and federal land. For more information, please visit Contact Information Permex Petroleum CorporationBrad TaillonChief Executive Officer (713) 730-7797 Renmark Financial Communications USA Perron, CPIR: hperron@ (416) 644-2020 or (212)- Cautionary Disclaimer Statement: Neither Canadian Securities Exchange, nor its Regulation Services Provider (as that term is defined in their respective policies) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This press release contains both "forward-looking information" and "forward -looking statements" within the meaning of applicable securities laws that is intended to be covered by the safe harbours created by those laws. "Forward-looking information" and "forward looking statements" each include statements that use forward-looking terminology such as "may", "will", "expect", "anticipate", "believe", "continue", "potential" or the negative thereof or other variations thereof or comparable terminology. Such forward-looking information and forward looking statements include, without limitation, the completion of the Offering and the use of proceeds from the Offering. Neither forward-looking information or forward-looking statements are a guarantee of future performance and are each based upon a number of estimates and assumptions of management at the date the statements are made, including without limitation, that: the Company will complete the Offering as anticipated; there will be no changes in the Company's business plans; and that the Company will be able to use the proceeds from the Offering as anticipated. Furthermore, such forward-looking information and forward-looking statements involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking information or forward-looking statements, including without limitation: the inability for the Company to close the Offering; the inability to use the proceeds from the Offering as expected; recent market volatility; and the state of the financial markets for the Company's securities. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor. To view the source version of this press release, please visit
Yahoo
14 hours ago
- Yahoo
Vanguard Mining Announces Intention to List Share Purchase Warrants on Canadian Securities Exchange
VANCOUVER, BRITISH COLUMBIA - July 4, 2025 (NEWMEDIAWIRE) - Vanguard Mining Corp. ("Vanguard" or the "Company") (CSE: UUU | OTC: RECHF | Frankfurt: SL5) is pleased to announce that the Company will be applying to the Canadian Securities Exchange (the "CSE") to list a total of 12,690,001 common share purchase Warrants (the "Warrants"). The Warrants were issued in connection with the Company's private placement of units which closed on February 6, 2025 or (See Press Release at and Each Warrant entitles the holder thereof to acquire one (1) common share of the Company (each a "Warrant Share") upon payment of the exercise price of $0.10 per Warrant Share prior to February 6, 2028, subject to accelerated expiry. It is intended that upon listing, the Warrants will trade under the symbol It is also anticipated that the Warrants will be governed pursuant to a warrant indenture to be entered into between the Company and Endeavor Trust Corporation. Further details about the warrant listing will be provided upon confirmation of a trading date, CUSIP for the Warrants, and the CSE's conditional approval of the proposed Warrant listing. The listing of the Warrants is subject to the approval of the CSE and may not occur as anticipated or at Vanguard Mining Corp. Vanguard Mining Corp. is a Canadian mineral exploration company focused on the discovery and development of high-value strategic minerals. The Company is currently advancing uranium exploration projects in the United States and Paraguay, with a focus on identifying and developing assets critical to the global energy transition. Vanguard is committed to responsible exploration and value creation through the acquisition and advancement of highly prospective uranium Behalf of the Board of Directors"David Greenway" David Greenway, CEOFor further information, please contact:Vanguard Mining Corp. Brent RusinPhone: +1 672-533-0348E-Mail: brent@ Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this for Forward-Looking Information Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the proposed listing of the Warrants. Forward looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits Vanguard will obtain from them. These forward-looking statements reflect managements' current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by the forward-looking statements, including Vanguard's results of exploration or review of properties that Vanguard does acquire. These forward-looking statements are made as of the date of this news release and Vanguard assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data