Zonte Metals discovers new large gravity anomaly, coincident surface copper mineralization.
Zonte Metals discovers new large gravity anomaly, coincident surface copper
mineralization.
July 28, 2023 TSXV: ZON
Zonte Metals (ZON-TSXV) is pleased to announce the discovery of a new gravity anomaly on its
Cross Hills Copper project in Newfoundland and Labrador. The new target, called K1, measures
up to 2km and is coincident with bedrock copper mineralization.
Terry Christopher, President and CEO commented “Zonte has defined a series of signatures from
known targets within the Cross Hill Copper Project. This data has been applied to other areas
within the project, which has resulted in the discovery of the new K1 target. A recent gravity
survey over the K1 area discovered a large anomaly measuring 2km in length and up to 600m
wide. Recent field reconnaissance has confirmed the presence of copper mineralization on the
eastern side of the gravity anomaly, with the western portions of the anomaly mainly under cover.
The Company will complete a number of additional exploration programs over the K1 area to
provide further understanding of the target.”
The new K1 target is large, measuring just over 2km, and is coincident with iron oxide, calcic and
sodic alteration, along with copper indications in bedrock. At this point the company has
completed a structural analysis of the area, and first pass alteration mapping and prospecting.
Further exploration programs are already in progress, with a field crew actively working on the
new target. See image below and for more information on the target and the Cross Hills Copper
Project please visit 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, SEC 3.1 and has reviewed
and approved the contents and technical disclosures in this press release.
Figure 1. The newly discovered K1 residual gravity anomaly with copper in rocks.
Figure 2. 3D modelled K1 gravity anomaly.
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