Zonte Metals identifies three new areas of surface copper mineralization at the Cross Hills Property .
Zonte Metals identifies three new areas of
surface copper mineralization at the Cross
Hills Property
.
TSXV: ZON
HALIFAX, NS,
Jan. 26, 2022
/CNW/ - Zonte Metals is pleased to provide the following update on the
Cross Hills Iron Oxide Copper-Gold Project, located in
Newfoundland
and
Labrador, Canada
.
The Company has discovered three zones of surface copper mineralization sitting within a 1600 by
1100m
area, collectively designated as the K10 target. The mineralized areas measure 800 x
400m
,
500 x
300m
and a third zone with a
250m
strike length. Mineralization is open in a number of
directions on each target. This new area sits just several hundred metres to the northwest of the K9
target and west of the K8 target.
Mineralization in the new K10 target is characterized as mainly copper indications and showings
throughout each of the three mineralized zones. Chalcopyrite is the main copper mineral with lesser
amounts of native copper. The mineralized zones are characterized by a central core containing
chalcopyrite and pyrite with a pyrite halo on the periphery. Samples for which assays has been
received to date show values from anomalous up to 1289 ppm Cu. The Company has also
completed several reconnaissance soil lines through the target area with laboratory results pending.
The K10 target area has only been partially covered with previously completed magnetic surveys.
The Company is preparing to extend coverage over K10 with additional magnetic and gravity
surveys. With the new discovery at K10 the Company now has nine targets throughout the Cross
Hills Project with targets ranging from drill ready to newly discovered. A map showing the K10 target
can be found at
https://www.zontemetals.com/projects/cross-hills-copper-property
Terry Christopher
, President and CEO states "The K10 mineral system is mainly wide spaced
disseminations of copper mineralization throughout the whole target. This sets itself apart from other
targets at Cross Hills, where mineralization has been documented along discrete structures, fracture
sets or isolated zones within the target. This feature and the spatial relationship with K8 and K9,
where all three targets sit in a 3 by 2 km area, make it a priority area for further exploration. This will
include additional geophysical and geochemical surveys which are in the process of being planned
and arranged."
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.
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, 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.
SOURCE
Zonte Metals Inc.
View original content:
http://www.newswire.ca/en/releases/archive/January2022/26/c0939.html
%SEDAR: 00029601E
For further information:
Terry Christopher, CEO and President, 902-405-3520,
[email protected], www.zontemetals.com
CO: Zonte Metals Inc.
CNW 09:03e 26-JAN-22