HALIFAX, NS, Sept. 23, 2021 /CNW/ - (TSXV: ZON) Zonte
Metals is pleased to announce the discovery of a large soil
geochemical anomaly coincident with the K9 target on its Cross
Hills IOCG project.
The K9 target sits 1.5km south of the K8 target and was
discovered by ground checking anomalies identified from a
high-resolution airborne magnetic survey. Ground checking
discovered classic iron oxide alteration with surface copper
mineralization. Bedrock copper mineralization has been discovered
throughout the target area with the best sample returning 1.76% Cu,
12.4 g/t Ag and trace gold (see April 12,
2021 press release). Mineralization is characterized by
bornite, chalcopyrite and chalcocite associated with pyrite,
hematite and magnetite.
A soil sampling program was carried out over the K9 area to
further define the target limits. The soil data illustrates a large
strong copper-in-soil anomaly coincident with the airborne magnetic
anomaly, bedrock alteration and mineralization. To date, a total of
966 soil samples have been collected throughout the Cross Hills
Property with the K9 target recording 25% of the strongest
copper-in-soil values. The target, including the magnetic signature
and soil anomaly, sits in a structural zone that was identified
from a satellite imagery structural analysis of the Cross Hill
Property. To further define the target for drilling the company
will complete an Induced Polarization survey over the area.
To date, Zonte has identified eight targets along the Cross
Hills structural zone. Presently, the Company is working towards
identifying drill sites at the Big K, Nine Mile, K6 and K9 targets.
This will be accomplished with completing additional Induced
Polarization (IP) surveys over each. The remaining targets will be
further explored to define additional drillable areas, if
warranted. These include;
1. Dunns Mountain where drilling has intersected both high-grade
copper, gold and silver values over narrow intervals and anomalous
copper values over long intervals. Further work will be carried to
the north and south of the previously drilled area.
2. K7 target where untested copper in soils sit above coincident
gravity and magnetic anomalies.
3. K8 target where additional work is required to ascertain if
drilling is warranted, and
4. North Dunns, where a wide spaced soil program identified
anomalous copper that requires infill sampling.
The Cross Hills Property is an IOCG system covering 25km along
the Cross Hills Fault structural zone. The Company has been
systematically exploring along the structural zone identifying
targets of interest. Numerous areas throughout the project remain
to be explored. Maps and additional information on the target areas
can be found at
https://www.zontemetals.com/projects/cross-hills-copper-property
Terry Christopher, President and
CEO states "A steady systematic exploration program has outlined
eight targets at Cross Hills to date, with more ground yet to be
explored. An Induced Polarization survey will define drill
locations on a number of the targets, while further definition work
continues on the remaining targets. Ground checking is also
continuing with the aim of locating other targets of interest, in
particular in and around the known targets at this time."
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.