(TheNewswire)
February 23, 2024 / TheNewswire / Z onte Metals (ZON-TSXV) is pleasedto announce the discovery copper-in-soil anomalies at the K1 gravityanomaly on its Cross Hills Copper project in Newfoundland andLabrador.
The K1 anomaly was discovered during a gravity surveycarried out in the spring of 2023. The anomaly is large and measures 2km in length and up to 600m in width, and is open along strike in onedirection. Soil sampling carried out over the target has identifiedseveral large copper-in-soil anomalies spatially associated with thegravity target. Limited prospecting over the target area has alsodiscovered copper mineralization in several locations within thetarget area.
The soil program over the K1 target was completed onwide spaced lines at 300m with sample sites at 100m as a first pass,followed by infill lines in one area. This initial soil programidentified a significant copper-in-soil anomaly on the western side ofthe target and extending beyond the limits of the gravity surveyedarea. This soil anomaly is large at about 1.4km in strike length andup to 700m in width, and is open along strike and width. A secondcopper-in-soil anomaly was discovered within the gravity anomaly area,measuring about 1km in length and up to 600m in width. Both anomaliesrequire additional sampling to define their dimensions.
The copper-in-soil anomalies at the K1 target arespatially related to the gravity anomaly as well as with iron oxide,calcic and sodic alteration, copper indications in bedrock and faults.The target will be further advanced with additional soils and amagnetic survey to assess its potential. See image below and formore information on the target and the Cross Hills Copper Projectplease 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.
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 title issuance is being contested by the stategoverning the application and the Company has started legal action toprotect 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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