Zonte identifies new target at the Cross Hills IOCG Property and provides update on the MJ Property in the Yukon Territory
Zonte identifies new target at the Cross Hills
IOCG Property and provides update on the MJ
Property in the Yukon Territory
TSXV: ZON
HALIFAX, NS
,
April 12, 2021
/CNW/ - Zonte Metals is pleased to provide the following update on
the discovery of a large magnetic airborne anomaly on its Cross Hills Property.
Systematic field checking of anomalies identified from a 2020 high-resolution airborne magnetic
survey has resulted in the discovery of a new target containing copper mineralization. The target,
called K9, sits 1.5km south of the K8 target and is the eighth anomaly discovered on the Cross Hills
Project that shows iron oxide alteration associated with known surface copper mineralization.
The K9 target has been delineated over a
400m
strike length. A number of samples collected along
the
400m
strike length contained local disseminations and veinlets of chalcopyrite, chalcocite and
bornite.
One sample returned 1.76% Cu, 12.4 g/t Ag and trace gold. Two other samples along strike
returned 0.63% and 0.11% copper, with a number of weakly mineralized areas showing
disseminated pyrite and chalcopyrite in the target area. Mineralization is associated with hematite
and magnetite with the strongest mineralized sample showing copper associated with a later
hematitic phase. The Company will continue to explore this area and move the target along to drill
stage, if warranted.
A large-scale MMI soil sampling program was completed in the late fall of 2020. The MMI soil
program has identified numerous areas that require infill sampling especially along the periphery of
the Big K, K6 and Nine Mile targets. Additionally, an initial MMI sampling will be carried out on the
newly discovered North Dunns and K9 targets. More information on the target areas can be found at
http://zontemetals.com
.
The Company is also pleased to announce it has applied for exploration permits for the upcoming
exploration season in the
Yukon Territory
on its MJ project. The focus area of the program will be
along the western border of the property, adjacent to
Victoria Gold's
Dublin Gulch project where
Victoria has made a significant discovery at its Raven target. In addition, Zonte will carry out
exploration on the Company's 2-4 target area, where it discovered gold mineralization in drilling in
2017. The Company will provide further details once permits have been received and plans
formalized. More information on the MJ Project can be found at
https://www.zontemetals.com/projects/mj-project
.
Qualified Person
Dean Fraser
, 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 Soil Sampling Protocol
All sampled were collected in a careful and diligent manner. Rock samples were shipped to Eastern
Analytical in
Springdale, NL
under chain of custody. QA/QC included the systematic insertion of
certified standards and blanks. Samples were analyzed for the ICP-34 package (34 element 4 acid
leach, ICP-OES finish) and the Fire Assay (30g) with AA finish. Eastern Analytical also provides its
own internal QA/QC protocol of blanks, duplicates and standards in each work order, which is
supplied to Zonte with the rock sample analysis. MMI were shipped to SGS Laboratories, which is
an independent and accredited full-service commercial laboratory accredited to ISO/IEC 17025.
About Zonte
Zonte Metals Inc. is a junior explorer focused on gold and copper. The Company owns 100% of the
MJ project located in the
Yukon Territory
, the
Wings Point
project in the new Central Newfoundland
Gold Belt, and has an option to earn 100% in the Cross Hills IOCG project located in
Newfoundland
.
In
Colombia
the company has a 25% carried interest in Project X where historic drilling interested
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. 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.
SOURCE
Zonte Metals Inc.
View original content:
http://www.newswire.ca/en/releases/archive/April2021/12/c6931.html
%SEDAR: 00029601E
For further information:
Terry Christopher, CEO and President, 902-405-3520,
[email protected], www.zontemetals.com
CO: Zonte Metals Inc.
CNW 17:52e 12-APR-21