TSXV: ZON
HALIFAX, NS, Aug. 4, 2021 /CNW/ - Zonte Metals is pleased to
announce the discovery of a large soil anomaly coincident with the
Big K target.
Previously, through ground surveys, the company discovered the
Big K target which is defined by large coincident magnetic and
gravity anomalies. The Big K target, which is located approximately
1.2km south of Dunns Mountain, measures about 1500m in length and up to 800m in width. In an effort to further define
drilling targets over the Big K anomaly, the company recently
completed a soil sampling program. The Big K target generally has
poor outcrop exposure and the soil program is a follow up to a
phase 1 program completed in 2020 in areas where exploration had
been hampered by cover. The soil program identified a large
flanking copper-in-soil anomaly along the northern, eastern and
southern portions of the target. An image of the soil anomaly and
coincident gravity profile at the Big K target can be found at
https://www.zontemetals.com/projects/cross-hills-copper-property
A limited prospecting program on eastern side of the anomaly,
within the newly defined soil anomaly, has discovered a number of
new copper showings, despite the poor outcrop exposure. Previously,
the company discovered several copper showings along the southern
portion of the anomaly with one sample returning 2.82% Cu and 10
g/t Ag (see press release dated Jan 17,
2018). Additional geophysics, in particular Induced
Polarization (IP), will be completed to assist in better defining
drill targets at Big K.
Terry Christopher, President and
CEO states "The Company undertook a review of all surface data at
the Cross Hill Project last spring to develop an exploration
program aimed at target generation. This has proven fruitful with
the newly discovered surface copper zone at the K6 target and this
new soil anomaly and surface copper mineralization coincident with
the Big K magnetic and gravity anomalies. Both targets will be
further defined with IP prior to drilling as additional target
generation continues."
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.
Soil Sampling Protocol
MMI soil samples were collected in a careful and diligent manner.
Samples are tagged and sealed prior to being shipped by 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 McConnells Jest project, in the
Tintina Gold Belt, in the Yukon
Territory and the drill ready Wings Point Gold Project in
Newfoundland. It also has an
option to acquire 100% of the Cross Hills IOCG project 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, statements
regarding financial and business prospects and the Corporation's
future plans, objectives and financial outlooks. The Corporation
believes 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 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.