(TheNewswire)
Halifax, NS, Canada – TheNewswire - February 29, 2024 - Zonte Metals ( TSXV:ZON ) is pleased toprovide an update on the K6 drilling program at it’s Cross HillsCopper Project in Newfoundland and Labrador.
Drill Program Highlights
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Visible copper mineralization observed in all 7 drillholes.
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CH23-05 intersected 11.2m of 0.42% copper, including2.65% over 0.5m.
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CH23-06 intersected longest mineralized interval; 34.5mof 0.1% copper.
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Mineralization is open along strike and todepth.
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Chalcocite mineralization and copper grade increasewith depth.
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While K6 is the smallest target at Cross Hills; itssuccess validates the effectiveness of the new explorationprogram.
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This drill success indicates the project’s potentialto become a new copper belt in Canada.
Terry Christopher, President and CEO comments;“We’re pleased to have made a discovery at the K6 target,following the last three years of additional surface exploration. Theinitial two years of exploration at Cross Hills targeted specificgeophysical anomalies with moderate drill success, at best. The newcombined exploration dataset has proven successful with the discoveryat K6. Visually, copper was observed in all drill holes, withcontinuous intercepts up to 34.5m. The drilling also highlighted thepresence of chalcocite as the dominant copper mineral. CH23-05recorded 11.2m of 0.42% Cu with 1.41% and 2.64%, recorded in 0.7m and0.5m, respectively. Mineralization remains opento depth and along strike, with copper grades increasing with depth aschalcocite percentages increase . The K6 targetwill be the immediate drill focus for the company and the drill permithas been applied for. The K6 target represents the first test of thecombined data, and although the target is the smallest known target onthe project, the drill success demonstrates that combined explorationtechniques are effective for finding copper mineralization. Thisdiscovery is important on a larger property scale as it highlights theCross Hill project is fertile with copper, potentially hosting a newcopper belt in Canada.”
A total of seven drill holes were completed, totaling1741m, at the K6 target. The drill holes were positioned to testnumerous aspects within the combined dataset, some of which remainuntested. All seven drill holes intersected visual coppermineralization. Drill holes CH23-03, 05 and 06 recorded copper inwidths up to 34.5m. Grades generally ranged from 0.10 to 0.40% Cu,with individual samples returning up to 2.64% Cu. Mineralization ischaracterized mainly by chalcocite, bornite and chalcopyrite with ageneral pattern of chalcocite becoming the dominant copper mineralwith depth. The image below illustrates the K6 drill hole plan mapwith copper values and illustrates mineralization being open alongstrike, especially to the west. Drill hole CH23-07, completed along strike to the west, intersectedanomalous values, however, comparing the alteration sequence in theearlier holes to this one, suggests this hole may have drilled overmineralization.
Figure 1. Drill hole plan map with copper grades.
Table 1. Drill hole assay data from the K6 drilling.
Drill Hole | From (m) | To (m) | Interval (m)* | Copper (%) |
CH23-03 | 136.12 | 137.13 | 1.01 | 0.10 |
and | 144.60 | 153.58 | 8.98 | 0.10 |
and | 162.00 | 172.66 | 10.66 | 0.20 |
incl | 168.50 | 173.25 | 4.75 | 0.41 |
CH23-05 | 116.48 | 117.00 | 0.52 | 0.30 |
and | 160.80 | 172.00 | 11.20 | 0.42 |
incl | 160.80 | 161.50 | 0.70 | 1.41 |
incl | 166.50 | 167.00 | 0.50 | 2.64 |
CH23-06 | 68.00 | 101.50 | 34.50 | 0.10 |
incl | 75.50 | 83.50 | 8.00 | 0.19 |
incl | 89.50 | 100.00 | 10.50 | 0.16 |
incl | 89.50 | 90.50 | 1.00 | 0.33 |
and | 217.50 | 220.31 | 2.81 | 0.10 |
incl | 218.75 | 219.50 | 0.75 | 0.30 |
CH23-07 | 70.21 | 70.76 | 0.55 | 0.10 |
and | 88.00 | 94.00 | 6.00 | 0.03 |
*Note. The true width of the tabled intervals is unknown at this time.
Table 2. Drill collar summary table for the K6 drill holes.
Drill Hole | East | North | Depth | Azimuth | elevation |
CH23-01 | 668388 | 5292574 | 347 | 158 | -45 |
CH23-02 | 668232 | 5292510 | 219 | 152 | -45 |
CH23-03 | 668232 | 5292510 | 185 | 152 | -60 |
CH23-04 | 668232 | 5292510 | 307 | 222 | -50 |
CH23-05 | 668232 | 5292513 | 216 | 150 | -70 |
CH23-06 | 668248 | 5292432 | 234 | 172 | -45 |
CH23-07 | 668024 | 5292405 | 233 | 185 | -45 |
Drill holes CH23-02, 03, 05, and 06 were completed in a fence-likepattern, as illustrated in Figure 2. Mineralization in these drillholes shows increasing grade with depth and remains open at depth. Thedeepest hole, CH23-05, returned 11.2m of 0.42% Cu. Within thatinterval, the highest values from the drilling were recorded at 1.41%and 2.64% Cu over 0.7m and 0.5m, respectively. While CH23-02 did notyield consistent values, visually, the alteration and rock type inthis hole suggest that the mineralization in CH23-06 may constitute aseparate zone from that in CH23-03 and 05, which remains open todepth.
Figure 2. Drill hole cross-section through CH23-02, 03, 05 and 06.
The recent drilling completed at the K6 target was the second phase ofdrilling at this target. Two drill holes, totalling 445m, werecompleted in 2019 and designed to test the magnetic and gravitysignatures. Only slightly anomalous values were recorded in 2019, withthe single best interval being 0.01% Cu over 5m. The significantimprovement in copper grades in phase 2 illustrates how integratingthe additional exploration techniques over the last three years hasimproved the understanding of the mineralizing system.
On the project scale, the drill success at K6 highlights the potentialin the remaining 11 targets. Throughout the project, the company hasbeen actively conducting similar exploration across all targets as itdid at K6. These programs have advanced many targets to near-drillstage. Figure 3 illustrates the 12 targets at the Cross Hills CopperProject.
Additional information on the project can be found atthe following link https://www.zontemetals.com/projects/cross-hills-copper-property.
Figure 3. Twelve targets identified at the Cross Hill Copper projectsuperimposed on various magnetic survey datasets.
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.
Rock and Protocol and Drill Sampling Protocol
All drill core was logged and prepared for shipment onsite. Samples were shipped to SGS Canada preparation lab in GrandFalls Windsor, NL and to Eastern Analytical in Springdale, NL underchain of custody. QA/QC included the systematic insertion ofcertified standards and blanks. Samples were described, tagged andsealed prior to being transported to the lab where the samples wereanalyzed at Eastern Analytical for the ICP-34 package (34 element 4acid leach, ICP-OES finish) and the Fire Assay (30g) with AA finishand at SGS Canada for the GE_ICM40Q12 (49 element package, 4 acidleach, ICP-AES/ICPMS) and the GE_FAI30V5 (30g gold fire assay withICP-AES finish). Both laboratories provide their own internal QA/QCprotocol of blanks, duplicates and standards in each work order, whichis supplied to the Zonte with the rock sample analysis.
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 X where historicdrilling intersected significant gold mineralization and the Companyand partner have an application over open areas sitting on top of theopen pit outline of the Gramalote Deposit in Colombia, which is heldby AngloGold Ashanti (NYSE:AU) and B2Gold (TSX:BTO, NYSE:BTG). Thetitle issuance is being contested by the state governing theapplication and the Company has started legal action to protect itsrights.
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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