Zonte extends copper mineralization along strike and to depth at the K6 target, on its Cross Hills Copper Project.
Halifax, NS, Canada
Zonte extends copper mineralization along strike and to depth at the
K6 target, on its Cross Hills Copper Project.
October 11, 2024 TSXV: ZON
Zonte Metals is pleased to provide an update on the K6 drilling program at its Cross Hills Copper
Project in Newfoundland and Labrador.
Terry Christopher, President and CEO comments; “Drilling at the K6 target continues to intersect
copper mineralization, extending it along strike and depth. The mineralization remains open in
several directions. Notably, mineralization at depth is broadening, with copper intersected in the
previously discovered unit and the underlying adjacent unit. Along one N-S section, drilling has
successfully traced mineralization over 170 meters, where it remains open at depth. The Company
is planning a series of drill holes, which will include aggressive step-outs along strike and depth,
as it continues to target potential higher-grade mineralization at the K6 target. The continued
success at K6 highlights the value of the Company’s integrated dataset, developed over the past
six years. Based on these results, additional exploration programs are being implemented across
multiple targets, most of which will be drill-ready upon completion, pending results. An update on
these activities will be provided shortly.”
A total of five drill holes, totalling 1,491 meters, were completed in the summer 2024 drill program
and are hereafter designated by the CH24-0X number series. The program was designed to test
extensions along strike and at depth from the previous drilling conducted in late 2023 (see results
from February 28, 2023), as well as to explore several untested data signatures. Table 1 below
contains the assay highlights from this phase with Figure 1 showing the drill hole plan map.
Mineralization remains open along strike to the northeast and at depth. To the northeast, drill hole
CH23-01, drilled in late 2023, may have been collared too far south of the potential copper
extension identified in CH24-01, possibly missing the target zone. It is currently unclear whether
mineralization extends to the west, however, noted drill core alteration in holes CH24-04 and
CH24-05 suggest further testing is needed, either stepping out to the north or at greater depth.
Figure 1. Drill hole plan map with copper grades.
Figure 2 below is a cross section illustrating drill holes CH24-02 and CH23-06, 02, 03, and 05.
CH24-02 was collared to test the depth extension from previous holes and successfully extended
mineralization by approximately 60 meters deeper. Mineralization along this section has now been
traced for over 170 meters.
Compared to results from the 2023 drill program, three significant changes in mineralization have
been observed in the summer 2024 drill results:
1. The copper mineralization is now predominantly very finely disseminated throughout the
mineralized zones, as opposed to a mix of fracture-controlled and disseminated
mineralization.
2. The copper mineralization consists of a mix of chalcocite and bornite, whereas most of the
2023 drill holes contained mainly chalcocite.
3. Mineralization is now observed in two adjacent units, as opposed to a single unit.
Table 1. Drill hole assay data from the K6 drilling.
Drill Hole From (m) To (m) Interval (m)* Copper (%)
CH24-01 203 214.5 11.5 0.22
incl 205 214 9.0 0.27
incl 210.5 214 3.5 0.44
CH24-02 199.6 218.83 19.23 0.10
incl 213.95 218.4 4.45 0.17
incl 199.6 202 2.4 0.19
and 236.61 237.1 0.49 0.49
CH24-03 202.53 202.9 0.37 0.13
CH24-05 33 41 8.0 0.15
and 138.06 143 4.94 0.17
*Note. The true width of the tabled intervals is currently unknown.
Figure 3 below is the cross-section for CH24-01 and 03. CH24-01 was positioned to test the
possible strike extension of mineralization intersected in CH23-05 and was located on similar
geophysical and geochemical signatures that DH23-05 tested. Mineralization in CH24-01,
intermittent in nature, was observed over 50m, between 193 to 243m. The single best
mineralization interval, noted in the assay table shows 0.22% Cu over 11.5m, including 0.44% Cu
over 3.5m. Mineralization in this drill hole exhibits similar characteristics noted for CH24-02
including increasing bornite with depth, increasing disseminated versus fracture-controlled
mineralization and present in two units. The cross section also illustrates a possible increasing
grade with depth, which will be tested in the upcoming drill program.
Figure 2. Cross section through CH24-02 and CH23-06, 02, 03 and 05
Table 2. Drill collar summary table for the K6 drill holes.
Drill Hole East North Depth Azimuth dip
CH24-01 668269 5292577 304 155 -63
CH24-02 668234 5292534 328 164 -72
CH24-03 668286 5292532 238 155 -65
CH24-04 668072 5292460 359 145 -65
CH24-05 668072 5292460 262 0 -90
Figure 3. Cross-section CH24-01 – 03.
Additional information on the project can be found at the following link
https://www.zontemetals.com/projects/cross-hills-copper-property
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy
of this release.
Qualified Person
Donald Blake, P.Geo. is the qualified person as defined by NI 43-101 and has reviewed and
approved the contents and technical disclosures in this press release.
Rock and Protocol and Drill Sampling Protocol
All drill core was logged and prepared for shipment on site. Samples were delivered to Eastern
Analytical in Springdale, NL under chain of custody. QA/QC included the systematic insertion of
certified standards and blanks. Samples were described, tagged and sealed prior to being
transported to the lab where the samples were analyzed at Eastern Analytical for the ICP-34
package (34 element 4 acid leach, ICP-OES finish) and the Fire Assay (30g) with AA. The lab
also provides its own internal QA/QC protocol of blanks, duplicates and standards in each work
order, which is supplied to the Zonte with the rock sample analysis.
About Zonte
Zonte Metals Inc. is a junior explorer focused on copper and gold. The Company owns 100% of
the Cross Hills IOCG and the Wings Point projects in Newfoundland and Labrador and the MJ
project, in the Tintina Gold Belt in the Yukon Territory. In Colombia; the company has a 25%
carried interest in Project X where historic drilling intersected significant gold mineralization and
the Company and partner have an application over open areas sitting on top of the open pit outline
of the Gramalote Deposit in Colombia, which is held by AngloGold Ashanti (NYSE:AU) and
B2Gold (TSX:BTO, NYSE:BTG). The title issuance is being contested by the state governing the
application and the Company has started legal action to protect its rights.
Forward-Looking Information
This news release contains forward-looking statements which include statements regarding the
Corporation’s future plans, as well as statements regarding financial and business prospects and
the Corporation’s future plans, objectives or economic performance and financial outlooks. The
Corporation believes that the expectations reflected in this news release are reasonable but actual
results may be affected by a variety of variables and may be materially different from the results
or events predicted in the forward-looking statements. Readers are therefore cautioned not to place
undue reliance on these forward-looking statements. In evaluating forward-looking statements
readers should consider the risk factors which could cause actual results or events to differ
materially from those indicated by such forward-looking statements. These forward-looking
statements are made as of the date hereof, and unless otherwise required by applicable securities
laws, the Corporation does not intend nor does it undertake any obligation to update or revise any
forward-looking statements.
For further information contact:
Terry Christopher
CEO and President
902-405-3520
www.zontemetals.com