Zonte Metals commences drilling at the K6 target on its Cross Hills Copper Project.
Zonte Metals commences drilling at the K6 target on its Cross Hills Copper Project.
November 16, 2023 TSXV: ZON
Zonte Metals Inc (TSXV: ZON) (“Zonte” or the “Company”) is pleased to announce it has
commenced drilling at the K6 target on its Cross Hill Copper Project, in Newfoundland and
Labrador.
Terry Christopher, President and CEO comments, “After three years of additional exploration, the
Company has resumed drilling at the Cross Hills Copper Project. The initial two years of
exploration and drilling focused on magnetic and gravity geophysical highs. The revised
exploration program over the last three years was designed to better identify geological,
geophysical and geochemical signatures that could represent sites where copper mineralization
is present. K6, which is the smallest known target, is one of the 11 targets the Company has
discovered throughout the Cross Hills Copper project and a discovery on any one of these targets
could point to a new copper belt in Canada.”
Zonte acquired the Cross Hills Copper Project in late 2017 based on the strong hydrothermal
system present within the project. Known copper mineralization at the time was limited to
several copper showings. The Company’s initial two years of exploration was focused on
exploring and drilling geophysical highs. Copper was discovered throughout the drilling programs
with some of the better drill intersected mineralization sitting peripheral to the geophysical
anomalies. As an example, CH-19-04, intersected a number of isolated copper zones, including a
narrow high-grade interval of 14% Cu over 0.43m, while other drill holes returned low grades of
mixed disseminated sulphides containing copper and spaced fractured-controlled copper
mineralization over long intervals (see press releases dated April 23, 2019, March 3, 2020 and
November 24, 2020).
With the success of the initial drilling, which was based on limited exploration, the Company
recognized a fertile copper system that required additional examination. The last three years of
surface exploration have provided a comprehensive dataset that will be used to assist in testing
the 11 known targets. The drilling will be targeting locations where multiple overlapping datasets
indicate possible sites where copper mineralization might occur, with the K6 being the first target
to be tested.
A map of the K6 target and additional information about the Cross Hills Copper project is found
at the Company’s website via the following link; https://www.zontemetals.com/projects/cross-
hills-copper-property.
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.
About Zonte
Zonte Metals Inc. is a junior explorer focused on gold and copper. The Company owns 100% of
the MJ project, in the Tintina Gold Belt, located in the Yukon Territory, the Wings Point project in
the new Central Newfoundland Gold Belt, and the Cross Hills IOCG project located in
Newfoundland and Labrador. 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. 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.
For further information contact:
Terry Christopher
CEO and President
902-405-3520
www.zontemetals.com