Zonte Metals provides an update on its Cross Hills IOCG Project
Zonte Metals provides an update on its Cross
Hills IOCG Project
TSXV: ZON
HALIFAX
,
Sept. 10, 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 (IOCG) Project.
Over the summer the Company completed additional exploration on the Cross Hills IOCG Project,
including prospecting, mapping and additional high resolution ground magnetic surveys. Surface grab
samples are presently in the laboratory and the Company is awaiting the results, which will be
released once received and interpreted.
In addition and based on field observations, the Company has increased its land position from the
initial 327 claims to 493 claims (or 81.75 to 123.25 sq. km). Although much of the initial property has
not yet been explored, the increased land position was acquired as a result of identifying the
possible controls for mineralization at the Dunns Mountain and K6 targets. Exploration is continuing
with the immediate focus on bringing the known targets to the drill stage, if warranted. An update of
the drilling plans will be announced once all data are in hand and the program has been set.
Terry Christopher
, President and CEO states "Exploration at the Cross Hills IOCG project has been
successful identifying iron oxide alteration coincident magnetic anomalies with surface copper
mineralization, as seen at the K6 and Dunns Mountain targets. At this point the Company has elected
to build on recent exploration and advance the targets through additional exploration in preparation
for drilling. Work is presently underway and expected to be concluded within a month or so."
Addition information on the Cross Hills Project can be viewed at
http://www.zontemetals.com/projects/cross-hill-project
.
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/September2018/10/c5400.html
%SEDAR: 00029601E
For further information:
Terry Christopher, CEO and President, 902-405-3520,
CO: Zonte Metals Inc.
CNW 16:01e 10-SEP-18