Zonte Metals discovers two large gravity anomalies at the K10 target; each coincident with copper mineralization.
Zonte Metals discovers two large gravity anomalies at the K10 target; each
coincident with copper mineralization.
June 6, 2023 TSXV: ZON
Zonte Metals is pleased to announce the discovery of two large gravity anomalies at the K10 target,
on its Cross Hills Copper project in Newfoundland, each anomaly spatially coincident with copper
mineralization.
Terry Christopher, President and CEO comments, “The K10 area comprises of the previously
discovered K10S and K10N targets. These targets are defined by copper in bedrock, coincident
Cu-in-soil anomalies sitting in significant alteration zones. The recent gravity survey was
completed over the large K10 area and has resulted in the discovered of two large residual gravity
anomalies, one at each the K10S and K10N targets. These gravity anomalies measure 1300 by
400m and 1800 by 500m for K10N and K10S, respectively. The K10N anomaly is potentially open
along strike at both ends, while the K10S residual gravity signature is the strongest discovered on
the project to date. These targets will be further advanced to drill stage with the completion of
detailed geochemical surveys and a magnetic survey. With these targets Zonte now has six targets
that are near or at the drill stage.”
The two residual gravity anomalies discovered at the K10 target are coincident with the previously
discovered copper-in-bedrock and copper-in-soil anomalies. The K10 target area has only been
partially covered with ground magnetic surveys, however, where completed the K10N is
coincident with magnetic highs while the K10S target is coincident with a change in the magnetic
signature, where the signature changes from strong to moderate. This magnetic signature change
may be related to magnetic destruction caused by hydrothermal alteration that could signify
sulphide precipitation. Images of the K10 residual gravity anomalies can be found below and at
the Company’s webpage where a more detailed project presentation is posted
https://www.zontemetals.com/projects/cross-hills-copper-property
The K10 anomalies are located within a larger 4 by 6 km area that hosts numerous targets including
K6, K6S, K7, K8 and K9 targets. The Company is continuing to advance these targets as it works
to better define the newly discovered K6S target for drilling. Results dependent, both K6 and K6S
will be drilled in the same upcoming drill program. The K6 drill permit is in hand. Sampling over
the new K6S target is completed and the Company is awaiting results.
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.
Figure 1. The newly discovered gravity anomalies with copper in rocks and soils and the magnetic
anomaly at the K10 target.
Figure 2. Plot of the 3D residual gravity anomalies at K10 target area.
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