TSXV: ZON
HALIFAX, NS, April 12, 2021 /CNW/ - Zonte Metals is
pleased to provide the following update on the discovery of a large
magnetic airborne anomaly on its Cross Hills Property.
Systematic field checking of anomalies identified from a 2020
high-resolution airborne magnetic survey has resulted in the
discovery of a new target containing copper mineralization. The
target, called K9, sits 1.5km south of the K8 target and is the
eighth anomaly discovered on the Cross Hills Project that shows
iron oxide alteration associated with known surface copper
mineralization.
The K9 target has been delineated over a 400m strike length. A number of samples collected
along the 400m strike length
contained local disseminations and veinlets of chalcopyrite,
chalcocite and bornite. One sample returned 1.76% Cu,
12.4 g/t Ag and trace gold. Two other samples along strike returned
0.63% and 0.11% copper, with a number of weakly mineralized areas
showing disseminated pyrite and chalcopyrite in the target area.
Mineralization is associated with hematite and magnetite with the
strongest mineralized sample showing copper associated with a later
hematitic phase. The Company will continue to explore this area and
move the target along to drill stage, if warranted.
A large-scale MMI soil sampling program was completed in the
late fall of 2020. The MMI soil program has identified numerous
areas that require infill sampling especially along the periphery
of the Big K, K6 and Nine Mile targets. Additionally, an initial
MMI sampling will be carried out on the newly discovered North
Dunns and K9 targets. More information on the target areas can be
found at http://zontemetals.com.
The Company is also pleased to announce it has applied for
exploration permits for the upcoming exploration season in the
Yukon Territory on its MJ project.
The focus area of the program will be along the western border of
the property, adjacent to Victoria
Gold's Dublin Gulch project where Victoria has made a
significant discovery at its Raven target. In addition, Zonte will
carry out exploration on the Company's 2-4 target area, where it
discovered gold mineralization in drilling in 2017. The Company
will provide further details once permits have been received and
plans formalized. More information on the MJ Project can be found
at https://www.zontemetals.com/projects/mj-project.
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 Soil Sampling Protocol
All sampled were collected in a careful and diligent manner. Rock
samples were shipped to Eastern Analytical in Springdale, NL under chain of custody. QA/QC
included the systematic insertion of certified standards and
blanks. 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 Zonte with the rock sample analysis. MMI were
shipped to SGS Laboratories, which is an independent and accredited
full-service commercial laboratory accredited to ISO/IEC 17025.
About Zonte
Zonte Metals Inc. is a junior explorer focused on gold and copper.
The Company owns 100% of the MJ project 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.