From Yahoo Finance: 2025-06-11 11:00:00

Zeus North America Mining is set to acquire a 90% stake in Delker and Bulls Eye properties in Nevada, known for rich mineralization. Terms include payments of $530,000 and one million common shares. Other milestone payments are contingent upon approvals. The properties have historical gold exploration and potential for valuable discoveries.

Delker property is close to significant mining projects, with past exploration showing anomalous gold values. Bulls Eye property, 17km away, has geophysical anomalies indicating potential for a buried porphyry. Both properties in Elko County are accessible year-round. Zeus plans comprehensive exploration, including drilling, after acquisition.

Upon successful acquisition, Zeus and Nedeel will establish joint ventures for each project. Nedeel retains a carried interest until payment milestones are met. Zeus also has the option to purchase a portion of the net smelter returns royalty. The agreement is subject to Canadian Securities Exchange approval and completion of definitive agreements.

Read more: Zeus North to acquire 90% interest in copper-gold properties in Nevada