Zonte Metals discovers a large copper-in soil- anomaly at the K9 target and prepares four targets for drilling
Zonte Metals discovers a large copper-in soil-
anomaly at the K9 target and prepares four
targets for drilling
HALIFAX, NS
,
Sept. 23, 2021
/CNW/ - (TSXV: ZON) Zonte Metals is pleased to announce the
discovery of a large soil geochemical anomaly coincident with the K9 target on its Cross Hills IOCG
project.
The K9 target sits 1.5km south of the K8 target and was discovered by ground checking anomalies
identified from a high-resolution airborne magnetic survey. Ground checking discovered classic iron
oxide alteration with surface copper mineralization. Bedrock copper mineralization has been
discovered throughout the target area with the best sample returning 1.76% Cu, 12.4 g/t Ag and
trace gold (see
April 12, 2021
press release). Mineralization is characterized by bornite, chalcopyrite
and chalcocite associated with pyrite, hematite and magnetite.
A soil sampling program was carried out over the K9 area to further define the target limits. The soil
data illustrates a large strong copper-in-soil anomaly coincident with the airborne magnetic anomaly,
bedrock alteration and mineralization. To date, a total of 966 soil samples have been collected
throughout the Cross Hills Property with the K9 target recording 25% of the strongest copper-in-soil
values. The target, including the magnetic signature and soil anomaly, sits in a structural zone that
was identified from a satellite imagery structural analysis of the Cross Hill Property. To further define
the target for drilling the company will complete an Induced Polarization survey over the area.
To date, Zonte has identified eight targets along the Cross Hills structural zone. Presently, the
Company is working towards identifying drill sites at the Big K, Nine Mile, K6 and K9 targets. This
will be accomplished with completing additional Induced Polarization (IP) surveys over each. The
remaining targets will be further explored to define additional drillable areas, if warranted. These
include;
1. Dunns Mountain where drilling has intersected both high-grade copper, gold and silver values over
narrow intervals and anomalous copper values over long intervals. Further work will be carried to the
north and south of the previously drilled area.
2. K7 target where untested copper in soils sit above coincident gravity and magnetic anomalies.
3. K8 target where additional work is required to ascertain if drilling is warranted, and
4. North Dunns, where a wide spaced soil program identified anomalous copper that requires infill
sampling.
The Cross Hills Property is an IOCG system covering 25km along the Cross Hills Fault structural
zone. The Company has been systematically exploring along the structural zone identifying targets of
interest. Numerous areas throughout the project remain to be explored. Maps and additional
information on the target areas can be found at
https://www.zontemetals.com/projects/cross-hills-copper-property
Terry Christopher
, President and CEO states "A steady systematic exploration program has outlined
eight targets at Cross Hills to date, with more ground yet to be explored. An Induced Polarization
survey will define drill locations on a number of the targets, while further definition work continues on
the remaining targets. Ground checking is also continuing with the aim of locating other targets of
interest, in particular in and around the known targets at this time."
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/September2021/23/c3156.html
%SEDAR: 00029601E
For further information:
Terry Christopher, CEO and President, 902-405-3520,
[email protected], www.zontemetals.com
CO: Zonte Metals Inc.
CNW 17:00e 23-SEP-21