Zonte reports additional drill result from Dunns Mountain, completes airborne survey and a large soil sampling program
Zonte reports additional drill result from
Dunns Mountain, completes airborne survey
and a large soil sampling program
TSXV: ZON
HALIFAX, NS
,
Nov. 24, 2020
/CNW/ - Zonte has completed a total of seven drill holes, including five
at Dunns Mountain and two at the K7 target. The K7 holes are being assayed and will be released
once the data has been received and interpreted.
At Dunns Mountain the holes were designed to test various aspects from the geophysical and
geochemical dataset. In summary, drilling intersected a significant hydrothermal system, with copper
mineralization being intersected in most holes and a
1.75m
interval with 268.8 g/t silver. A summary
of the drill data is below with the drill hole coordinate table at the bottom of the release.
Drill Hole
From (m)
To (m)
Interval (m)
Cu (%)
Ag (g/t)
Au (g/t)
CH20-06
76.50
76.82
0.32
0.91
17.1
0.07
And
80.20
80.85
0.65
0.24
2.5
tr
And
81.72
82.18
0.46
0.33
3.8
0.02
And
168.78
169.32
0.54
0.45
12.7
0.02
CH20-07
9.72
13.00
3.28
0.08
1.2
0
CH20-08
9.72
13.00
3.28
0.08
1.2
0
And
30.75
31.00
0.25
0.11
1.3
0
And
76.50
81.10
4.6
0.17
0.8
0
Including
78.00
80.40
2.40
0.30
1.4
0
And
96.35
100.30
3.95
0.24
1.1
tr
Including
96.35
97.85
1.5
0.49
2.5
tr
And
477.8
478.3
0.5
0.23
2.5
tr
CH20-10
119.00
120.75
1.75
0.02
268.6*
0
Notes; *the 268.6 g/t silver assay is the average of the initial assay and subsequent re-assay which includes 251.1 and 286.0 g/t, respectively.
Drill holes CH-20-06 and 07 were collared to test under the high-grade interval discovered in CH-19-
04 which intersected
0.43m
of 14% copper, 15.0 g/t gold and 352 g/t silver within a wider
mineralized zone (see
June 3, 2019
press release). CH-20-06 intersected a number of mineralized
intervals between 76 and
81m
showing copper, gold and silver mineralization, with the highest
copper recorded between 76.5 and
76.82m
(
0.32m
) returning 0.91% copper, 17.1 g/t silver and
0.73 g/t gold. The interval between 168.73 and
169.32m
(
0.54m
) returned 0.45% copper, 12.7 g/t
silver and 0.15 g/t Au. CH-20-07 was collared to test the possible depth extensions of the
mineralization in CH-20-06 and possibly any extension of the high-grade in CH-19-04. This hole,
however, deviated significantly off the collar and missed the intended target. This hole did intersect
several narrow intervals of anomalous copper. Neither drill hole appears to have conclusively
intersected a zone of mineralization similar to the high-grade interval in CH-19-04, hence the
orientation of any possible high-grade shoot remains unexplained.
CH-20-08 was drilled to test the core of the gravity anomaly sitting over the Dunns Mountain target,
which sits under the magnetic anomaly on the eastern side of Dunns. The drill hole intersected
several mineralized intervals above the core of the gravity anomaly including between 78.0-
80.4m
(
2.40m
) of 0.30% copper and 1.4 g/t silver and trace gold and between 96.35-
97.50m
(
1.50m
) of
0.49% copper, 2.5 g/t silver and trace gold. The core of the gravity anomaly was identified as a less
fractured more competent rock containing classic IOCG alteration.
CH-20-09 was set up north of the gravity core and drilled. This hole did not intersect any notable
mineralization, however, hydrothermal alteration was significant. This is the north northerly hole and
this portion of the anomaly needs further exploration.
CH-20-10 was drilled on the southern side of the magnetic and gravity anomalies, coincident with an
Induced Polarization anomaly. The drill hole was successful in intersecting a hydrothermal system
characterized by local and widely spaced disseminated and stringer copper mineralization through
several intervals including the top
60m
and between 118 and
140m
. Select samples through these
intervals showed anomalous copper, with a
1.75m
interval between 119 and
120.75m
returning
268.6 g/t silver with trace copper. The high-grade silver appears to be associated with magnetite,
which is similar to the high-grade silver intersected in CH-20-03 (
0.12m
of 2054 g/t silver) (see press
release dated
June 18, 2020
). This hole shows potential on the southern side of the coincident
magnetic and gravity anomalies and the area will be followed up with more exploration.
The Company is pleased to announce it has contracted and completed a high-resolution magnetic
airborne survey over three large areas of the mineral concession. The airborne survey has identified
numerous areas of interest and the Company has started a systematic ground checking program of
the anomalies. Additional information will be released as the targets are examined and determined to
warrant further exploration. In addition, the Company has initiated a large soil sampling program
which will cover numerous targets to assist in drilling.
Terry Christopher
, President and CEO comments "Drilling continues to intersect copper
mineralization at Dunns. Drilling on the south end of the target shows a large area between CH-19-
09 and CH-20-10 where drilling intersected either wide zones of localized or widely spaced fracture
controlled mineralization, including high-grade silver in CH-20-10 where 268.6 g/t over
1.75m
was
recorded. This area will be followed up with drilling and a recently completed soil sampling program
there will assist the drill program. CH-20-10 is just
350m
north of the Big K target and both targets
appear to sit in a common structural corridor. The Big K target, which is defined by large coincident
magnetic and gravity anomalies and surface mineralization, is being permitted for drilling. The
company has carried out a large soil sampling program over the K6, K7, K8 and Big K targets to
help define drill testing locations. In addition, the airborne magnetic survey has identified numerous
anomalies and field checking each to determine which ones are IOCG targets for further work is
ongoing".
Drill hole coordinate table.
Drill Hole
Easting
Northing
Azimuth
dip
Elevation
(m)
Depth (m)
CH-20-06
668454
5303579
134
-47
304
280
CH-20-07
668431
5303600
135.1
-50
295
300
CH-20-08
668307
5303518
161.1
-66
285
730
CH-20-09
668087
5303572
125.1
-52
256
290
CH-20-10
668674
5302745
331.1
-51
220
300
The Company acknowledges the Province of
Newfoundland
and
Labrador
for its financial support
through the junior exploration assistance program for exploration work performed on the Cross Hills
Property.
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.
Rock and Protocol and Drill Sampling Protocol
All drill core was logged and prepared for shipment on site and shipped to Eastern Analytical in
Springdale, NL
under chain of custody. QA/QC included the systematic insertion of certified
standards and blanks. Samples were described, tagged and sealed prior to being transported to the
lab where the samples were analyzed for the ICP-34 package (34 element 4 acid leach, ICP-OES
finish) and the Fire Assay (30g) with AA finish. Eastern Analytical also provides its own internal
QA/QC protocol of blanks, duplicates and standards in each work order, which is supplied to the
Zonte with the rock sample analysis.
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 has an option to earn 100% in the Cross
Hills IOCG project located in
Newfoundland
. In
Colombia
the company has a 25% carried interest in
Project X where historic drilling interested 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/November2020/24/c0208.html
%SEDAR: 00029601E
For further information:
Terry Christopher, CEO and President, 902-405-3520,
[email protected], www.zontemetals.com
CO: Zonte Metals Inc.
CNW 18:30e 24-NOV-20