(TheNewswire)
Halifax, NS, Canada / TheNewswire / February 6, 2024 Zonte Metals (TSXV:ZON) is pleased to provide thefollowing update on the Cross Hills Copper Project, located inNewfoundland and Labrador, Canada.
A project wide soil program was completed in 2023, withthe primary goals of infilling known targets and exploring new areas.The recently completed soil program was conducted through a largevalley that hosts the K6S and K7 gravity anomalies. This area sitsadjacent and just south of the K6 Target, where a drill program wasrecently completed.
The soil data has identified a notable semi-circularcopper-in-soil anomaly measuring 2400m in length and up to 800m inwidth. This area is mainly covered with overburden, however, duringthe sampling program a new copper showing was discovered in the K7gravity anomaly area. This large soil anomaly coincides with threegravity anomalies including those at the K6S and K7 areas and anunnamed anomaly situated between them. Additionally, the soil anomalycoincides with a structural zone hosting the K7 gravity anomaly, whichis intersected and truncated by a large structural corridor that hoststhe K6S anomaly.
Two drill holes were completed in the K7 target in2020, both from the same drill pad on the very SE portion of thetarget area. Both drill holes intersected IOCG mineralizationincluding anomalous copper and rare earth mineralization. These drillholes, however, were completed prior to the additional explorationprograms carried out over the last three years.
The Company also notes it has recently completeddrilling on the K6 Target. The K6 Target area was previously drilledin 2019 with a limited dataset. Subsequent to these 2019 drill holes,the Company has carried three years of additional geological,geophysical and geochemical exploration. The just completed drillprogram, comprising of 1700m in seven drill holes, tested drilltargets generated from analysis of the combined datasets. This newdrilled area sits about 200-300m south of the 2019 drill holes. Thecores have been logged, split and all samples have been submitted foranalysis. Results will be reported when received and compiled.
A map illustrating the new large soil anomaly over theK6S-K7 area is illustrated below. Additional maps illustrating thetargets throughout the project can be found at the following link https://www.zontemetals.com/projects/cross-hills-copper-property.
Figure 1. Cu-in-soils superimposed on the gravity data through the K6,K6S and K7 area.
Qualified Person
Donald Blake, P.Geo. is the qualified person as definedby NI 43-101 and has reviewed and approved the contents and technicaldisclosures in this press release.
About Zonte
Zonte Metals Inc. is a junior explorer focused on goldand copper. The Company owns 100% of the McConnells Jest project, inthe Tintina Gold Belt, located in the Yukon Territory, the Wings Pointproject in the new Central Newfoundland Gold Belt, and the Cross HillsIOCG project located in Newfoundland and Labrador. In Colombia; thecompany has a 25% carried interest in Project Xwhere historic drilling intersected significant gold mineralizationand the Company and partner have an application over open areassitting on top of the open pit outline of the Gramalote Deposit inColombia, which is held by AngloGold Ashanti (NYSE:AU) and B2Gold(TSX:BTO, NYSE:BTG). The title issuance is being contested by thestate governing the application and the Company has started legalaction 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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