(TheNewswire)
July 28 2023 – TheNewswire - Zonte Metals (ZON-TSXV) is pleased to announce the discoveryof a new gravity anomaly on its Cross Hills Copper project inNewfoundland and Labrador. The new target, called K1, measures up to2km and is coincident with bedrock copper mineralization.
Terry Christopher, President and CEO commented “Zontehas defined a series of signatures from known targets within the CrossHill Copper Project. This data has been applied to other areas withinthe project, which has resulted in the discovery of the new K1 target.A recent gravity survey over the K1 area discovered a large anomalymeasuring 2km in length and up to 600m wide. Recent fieldreconnaissance has confirmed the presence of copper mineralization onthe eastern side of the gravity anomaly, with the western portions ofthe anomaly mainly under cover. The Company will complete a number ofadditional exploration programs over the K1 area to provide furtherunderstanding of the target.”
The new K1 target is large, measuring just over 2km,and is coincident with iron oxide, calcic and sodic alteration, alongwith copper indications in bedrock. At this point the company hascompleted a structural analysis of the area, and first pass alterationmapping and prospecting. Further exploration programs are already inprogress, with a field crew actively working on the new target. Seeimage below and for more information on the target and the Cross HillsCopper Project please visit https://www.zontemetals.com/projects/cross-hills-copper-property
Qualified Person
Donald Blake, P.Geo. is the qualified person as definedby NI 43-101, SEC 3.1 and has reviewed and approved the contents andtechnical disclosures in this press release.
Figure 1. The newly discovered K1 residual gravityanomaly with copper in rocks.
Figure 2. 3D modelled K1 gravity anomaly.
About Zonte
Zonte Metals Inc. is a junior explorer focused on goldand copper. The Company owns 100% of the MJ project, in the TintinaGold Belt, located in the Yukon Territory, the Wings Point project inthe new Central Newfoundland Gold Belt, and the Cross Hills IOCGproject located in Newfoundland and Labrador. In Colombia; the companyhas a 25% carried interest in Project X where historic drillingintersected significant gold mineralization and the Company andpartner have an application over open areas sitting on top of the openpit outline of the Gramalote Deposit in Colombia, which is held byAngloGold Ashanti (NYSE:AU) and B2Gold (TSX:BTO, NYSE:BTG). The titleissuance is being contested by the state governing the application andthe Company has started legal action to protect its rights.
Forward-Looking Information
This news release contains forward-looking statementswhich include statements regarding the Corporation’s future plans,as well as statements regarding financial and business prospects andthe Corporation’s future plans, objectives or economic performanceand financial outlooks. The Corporation believes that the expectationsreflected in this news release are reasonable but actual results maybe affected by a variety of variables and may be materially differentfrom the results or events predicted in the forward-lookingstatements. Readers are therefore cautioned not to place unduereliance on these forward-looking statements. In evaluatingforward-looking statements readers should consider the risk factorswhich could cause actual results or events to differ materially fromthose indicated by such forward-looking statements. Theseforward-looking statements are made as of the date hereof, and unlessotherwise required by applicable securities laws, the Corporation doesnot intend nor does it undertake any obligation to update or reviseany forward-looking statements. Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy of accuracy of this release.
For further information contact:
Terry Christopher
CEO and President
902-405-3520
info@zontemetals.com
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