Zonte Metals discovers a large copper-in soil- anomaly at the Big K target
Zonte Metals discovers a large copper-in soil-
anomaly at the Big K target
TSXV: ZON
HALIFAX, NS
,
Aug. 4, 2021
/CNW/ - Zonte Metals is pleased to announce the discovery of a large
soil anomaly coincident with the Big K target.
Previously, through ground surveys, the company discovered the Big K target which is defined by
large coincident magnetic and gravity anomalies. The Big K target, which is located approximately
1.2km south of Dunns Mountain, measures about
1500m
in length and up to
800m
in width. In an
effort to further define drilling targets over the Big K anomaly, the company recently completed a soil
sampling program. The Big K target generally has poor outcrop exposure and the soil program is a
follow up to a phase 1 program completed in 2020 in areas where exploration had been hampered
by cover. The soil program identified a large flanking copper-in-soil anomaly along the northern,
eastern and southern portions of the target. An image of the soil anomaly and coincident gravity
profile at the Big K target can be found at
https://www.zontemetals.com/projects/cross-hills-copper-property
A limited prospecting program on eastern side of the anomaly, within the newly defined soil anomaly,
has discovered a number of new copper showings, despite the poor outcrop exposure. Previously,
the company discovered several copper showings along the southern portion of the anomaly with
one sample returning 2.82% Cu and 10 g/t Ag (see press release dated
Jan 17, 2018
). Additional
geophysics, in particular Induced Polarization (IP), will be completed to assist in better defining drill
targets at Big K.
Terry Christopher
, President and CEO states "The Company undertook a review of all surface data
at the Cross Hill Project last spring to develop an exploration program aimed at target generation.
This has proven fruitful with the newly discovered surface copper zone at the K6 target and this new
soil anomaly and surface copper mineralization coincident with the Big K magnetic and gravity
anomalies. Both targets will be further defined with IP prior to drilling as additional target generation
continues."
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.
Soil Sampling Protocol
MMI soil samples were collected in a careful and diligent manner. Samples are tagged and sealed
prior to being shipped by 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
McConnells Jest project, in the Tintina Gold Belt, in the
Yukon Territory
and the drill ready Wings
Point Gold Project in
Newfoundland
. It also has an option to acquire 100% of the Cross Hills IOCG
project 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, statements regarding financial and business prospects and the
Corporation's future plans, objectives and financial outlooks. The Corporation believes 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 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/August2021/04/c3664.html
%SEDAR: 00029601E
For further information:
Terry Christopher, CEO and President, 902-405-3520,
[email protected], www.zontemetals.com
CO: Zonte Metals Inc.
CNW 16:55e 04-AUG-21