(TheNewswire)
TheNewswire - November 16 , 2023 - Zonte MetalsInc (TSXV:ZON) (“ Zonte ” or the “ Company ”) is pleased to announce it hascommenced drilling at the K6 target on its Cross Hill Copper Project,in Newfoundland and Labrador.
Terry Christopher, President and CEO comments, “Afterthree years of additional exploration, the Company has resumeddrilling at the Cross Hills Copper Project. The initial two years ofexploration and drilling focused on magnetic and gravity geophysicalhighs. The revised exploration program over the last three years wasdesigned to better identify geological, geophysical and geochemicalsignatures that could represent sites where copper mineralization ispresent. K6, which is the smallest known target, is one of the 11targets the Company has discovered throughout the Cross Hills Copperproject and a discovery on any one of these targets could point to anew copper belt in Canada.”
Zonte acquired the Cross Hills Copper Project in late2017 based on the strong hydrothermal system present within theproject. Known copper mineralization at the time was limited toseveral copper showings. The Company’s initial two years ofexploration was focused on exploring and drilling geophysical highs.Copper was discovered throughout the drilling programs with some ofthe better drill intersected mineralization sitting peripheral to thegeophysical anomalies. As an example, CH-19-04, intersected a numberof isolated copper zones, including a narrow high-grade interval of14% Cu over 0.43m, while other drill holes returned low grades ofmixed disseminated sulphides containing copper and spacedfractured-controlled copper mineralization over long intervals (seepress releases dated April 23, 2019, March 3, 2020 and November 24,2020).
With the success of the initial drilling, which wasbased on limited exploration, the Company recognized a fertile coppersystem that required additional examination. The last three years ofsurface exploration have provided a comprehensive dataset that will beused to assist in testing the 11 known targets. The drilling will betargeting locations where multiple overlapping datasets indicatepossible sites where copper mineralization might occur, with the K6being the first target to be tested.
A map of the K6 target and additional information aboutthe Cross Hills Copper project is found at the Company’s website viathe following link; https://www.zontemetals.com/projects/cross-hills-copper-property .
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 MJ project, in the TintinaGold Belt, located in the Yukon Territory, the Wings Point project in the new Central Newfoundland Gold Belt, andthe Cross Hills IOCG project located in Newfoundland and Labrador. InColombia; the company has a 25% carried interest in Project X wherehistoric drilling intersected significant gold mineralization and theCompany and partner have an application over open areas sitting on topof the open pit outline of the Gramalote Deposit in Colombia, which isheld by AngloGold Ashanti (NYSE:AU) and B2Gold (TSX:BTO, NYSE:BTG).The title 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 informationcontact:
Terry Christopher
CEO and President
902-405-3520
info@zontemetals.com
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