Zonte intersects additional mineralization at Dunns Mountain, resumes drilling and completes Wings Point drilling
Zonte intersects additional mineralization at
Dunns Mountain, resumes drilling and
completes Wings Point drilling
TSXV: ZON
HALIFAX, NS
,
June 18, 2020
/CNW/ - Zonte Metals is pleased to provide the following update on
the ongoing phase 2 drill program at its Cross Hills Iron Oxide Copper Gold (IOCG) Project. The
Company also wishes to announce it has completed the phase 1 drill program at its Wings Point
Gold Project.
At the Cross Hills IOCG project, winter drilling included the completion of four holes with a fifth in
progress at the Dunns Mountain target. The winter program was shut down due to the spring thaw.
The drill holes focused on the eastern side of Dunns Mountain.
Highlights:
DH-20-03 intersected narrow high-grade silver, copper and tungsten mineralization with a
0.12m
interval returning 2048 g/t silver, 1.17% copper, > 0.1% tungsten and trace gold.
DH-20-01 intersected long intervals of widely spaced hairline fractures containing copper
mineralization.
DH-20-02 intersected intervals of anomalous copper values with zinc and lead mineralization which
has been identified peripheral to some IOCG deposits.
Drill holes CH-20-01 through to 03 were drilled on the eastern side of Dunns Mountain while the
heavy snow cover allowed for easier logistics. These holes tested the moderate to weak gravity
anomaly associated with the eastern side of the magnetic anomaly. DH-20-01 was drilled from east
side of the mountain to the southwest. Several intervals of visual mineralization were noted including;
122.5 to
139m
which returned anomalous copper values and between 305 and
405m
where widely
spaced hairline fractures containing copper mineralization was noted. The later interval of
mineralization is similar in nature to the mineralization identified in CH-19-09 where spaced hairline
mineralized fractures were intersected between 120 -
160m
and 220 -
275m
(see
March 3, 2020
press release). DH-20-02 showed several intervals of anomalous copper with elevated zinc and lead
values. The intervals between 98.24 -
100m
and 157.31 -
161.2m
recorded zinc values up to 0.69%
zinc with anomalous lead and copper. DH-20-03 was the most eastern drill hole aimed at established
the outer limits of the alteration halo at Dunns Mountain. This drill hole intersected a
0.12m
zone of
high-grade silver between 291.40 –
291.52m
which returned 2048 g/t silver, 1.17% copper, > 0.1%
tungsten and trace gold.
DH-20-04 was drilled from the top of the hill back in an approximate east-northeast direction
towards the high-grade silver interval in CH-20-03. The hole deviated from the target and didn't
intersect the projection of the mineralized zone. A number of narrow veins containing bornite
mineralization were interested in this hole.
DH-20-05 was started prior to the spring thaw and stopped at
180m
when snow conditions
deteriorated. This hole did intersect several narrow zones of mineralization at the top of the hole with
one
0.45m
interval returning 0.35% copper, 6.5 g/t silver and trace gold. Drilling has restarted and
this hole will target a deeper section of the Dunns gravity and magnetic profile.
Drilling on the eastern side of Dunns Mountain showed intermittent anomalous copper, increase
pyrite content as well as sphalerite mineralization. These mineral assemblages are sometimes
associated with the periphery of IOCG systems and this data will be used in the design of the
continuing drill program at Dunns. The notable lengths of widely spaced hairline fracturing containing
copper mineralization in CH-20-01 which was similar to that previously interested on the south side
of the mountain warrants further testing as does the possible extension of the narrow high-grade
silver in DH-20-03. The Company continues to test various parts of the large
1300m
by
600m
gravity
and coincident magnetic anomaly at Dunns Mountain.
The drill program at the Wings Point Gold Project has been completed with six drill holes testing
various targets on the Property. The drill core is presently being split, sampled and shipped to the
lab. The results will be released once data has been received.
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 Protocol and Drill Sampling Protocol
All drill core was logged and prepared for shipment on site and shipped 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 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 the
Zonte with the rock sample analysis.
About Zonte
Zonte Metals Inc. is a junior explorer focused on gold and copper. The Company has signed Option
Agreements to acquire 100% of the McConnells Jest project, in the Tintina Gold Belt, located in the
Yukon Territory
and the Cross Hills IOCG project located in
Newfoundland
and holds a 100%
interest in the drill ready Wings Point Gold Project also located in Newfoundland. In addition, 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/June2020/18/c9332.html
%SEDAR: 00029601E
For further information:
Terry Christopher, CEO and President, 902-405-3520,
[email protected], www.zontemetals.com
CO: Zonte Metals Inc.
CNW 16:01e 18-JUN-20