on Zeus North America Mining Corp. (CVE:ZEUS)
Zeus North America Mining Corp. Secures Mining Claims in Idaho
Zeus North America Mining Corp. announced an option agreement to acquire a full interest in patented mining claims in Butte County, Idaho. The deal involves a series of payments totaling US$750,000 over five years. An initial US$15,000 is payable immediately, with subsequent payments leading up to a final US$530,000 by the fifth year. Upon completion, a 2% net smelter returns royalty will be granted, with the possibility for Zeus to reduce it by half for US$1,000,000. Additionally, Zeus can expedite the process with a US$500,000 payment within 18 months.
This acquisition aligns with Zeus's expansion in Idaho, complementing other properties such as Cuddy Mountain. President and CEO Dean Besserer highlighted the strategic significance of this venture. The agreement remains subject to approval by the Canadian Securities Exchange.
R. P.
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