Zonte Metals identifies the largest target to date at its Cross Hills IOCG Project
Zonte Metals identifies the largest target to
date at its Cross Hills IOCG Project
HALIFAX
,
June 12, 2018
/CNW/ - Zonte Metals Inc. (TSXV: ZON) ("Zonte" or the "Company") is
pleased to provide an update related to its ongoing exploration program at the Cross Hills Iron Oxide
Copper-Gold Project.
Over the past several months, and as part of a larger program, Zonte has been carrying out high-
resolution ground magnetometer surveys on select portions of the Cross Hills Project. The most
recent area of focus has been about 12 kilometres south of Dunns Mountain, where the Company
has previously identified a high-priority target. The newly discovered target, named K6, is
characterized by a large strong magnetic anomaly with a surface projection measuring up to
1200m
x
700m
. The top of the strongest portion of the anomaly sits 100 to
150m
below the surface and
extends over
800m
deep. Prospecting in the area has identified numerous copper showings and
indications, all coincident with the anomaly at surface. One newly discovered mineral showing was
assayed and returned 0.28% copper, 3.1 g/t silver and trace amounts of gold.
Terry Christopher
, President and CEO states "The newly discovered K6 target is very large with
considerable thickness and sits at the junction of two major faults. Despite the target sitting below
surface, numerous locations with copper mineralization have been discovered above the anomaly at
surface. This in combination with the alteration that has been identified suggests this is a high-priority
IOCG drill target. Exploration along the Cross Hills trend, of which Zonte controls 25 kilometres of
strike length, continues to provide targets. A significant advantage of the property is the high
percentage of bedrock exposure which allows targets to be fully explored to decide whether or not
they warrant further work; bringing them well beyond just a geophysical anomaly".
The K6 target discovery resulted from follow-up exploration after the discovery of a new albitite
breccia. Subsequent geophysical work in that area identified the K6 target which at surface is
coincident with rocks showing iron oxide, calcic, sodic and potassic alteration. The mag survey also
identified a number of magnetic intrusive plugs which can be seen at surface and on the magnetic
profiles as smaller anomalies in and around the K6 anomaly. The newly discovered coincident
copper mineralization in all cases is associated with iron oxide alteration. The K6 anomaly sits at the
structural intersection of two large faults, one of which is the Cross Hills Fault, which is a deep
seated regional fault in the area, and where most of the known IOCG type of mineralization has
been associated with in this area. The Cross Hills Property covers 25 kilometres of the Cross Hills
Fault system and much of the property still remains unexplored.
Images of the K6 geophysical target including plan view and 3D inversion geophysical model can be
viewed at
http://www.zontemetals.com/projects/cross-hill-project
.
Exploration is continuing and updates will be provided by the Company once the final data and
interpretations have been received.
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.
QA/QC
Rock samples were collected in a careful and diligent manner using scientifically established
sampling practices designed and tested to ensure that the results are representative and reliable.
Samples are described, photographed, tagged and sealed prior to being shipped by Zonte
personnel to AGAT Laboratories Ltd. AGAT is an independent, reputable and accredited full-service
commercial laboratory accredited to ISO/IEC 17025:2005.
About Zonte
Zonte Metals Inc. is a junior explorer focused on gold and copper. The Company has signed Option
Agreements to acquire 100% of the McConnells Jest project, in the Tintina Gold Belt, located in the
Yukon Territory
and the Cross Hills IOCG project located in
Newfoundland
and holds a 100%
interest in the drill ready Wings Point Gold Project also located 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, 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.
www.zontemetals.com
SOURCE
Zonte Metals Inc.
View original content: http://www.newswire.ca/en/releases/archive/June2018/12/c1825.html
%SEDAR: 00029601E
For further information:
Terry Christopher, CEO and President, 902-405-3520,
CO: Zonte Metals Inc.
CNW 08:27e 12-JUN-18