(TheNewswire)
April 2 2024 – TheNewswire - Zonte Metals (TSXV:ZON)(XOTC:EREPF)
Zonte Metals is pleased to announce the discovery of alarge copper-in-soil anomaly at the K9 target, on its Cross HillsCopper Project in Newfoundland and Labrador.
Highlights :
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Cu-in-soil anomaly measures 1500m in length and up to1100m in width
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Soil anomaly is coincident with magnetic and gravityanomalies, and
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recent prospecting has discovered several new coppershowings within the soil target.
The K9 target is defined by coincident magnetic andgravity anomalies sitting in a structural zone. Previous explorationdiscovered grades up to 1.76% Cu and 12 g/t Ag with trace gold inoutcrop . A previously partially defined soilanomaly was also discovered at the K9 target, wherein many of the soilsamples were amongst the highest through the project (see April 12,2021 and September 20, 2021 press releases).
The expanded soil sampling program has identified acopper-in-soil anomaly measuring 1500m in length and up to 1100m inwidth and sits on top of the coincident magnetic and gravityanomalies. The newly discovered soil anomaly extends beyond the limitsof the open-ended gravity anomaly to the south, where it is coincidentwith the magnetic trend. Recent prospecting within the soil anomalyhas identified a mix of sulphides including chalcopyrite in severalnew locations (see Fig 1 below). The copper mineral type appears toshow a gradation from chalcocite and bornite, with pyrite, in thecentral portions of the target to chalcopyrite and pyrite at theends.
Additional exploration, including expanding the gravitygrid and additional mapping and prospecting, is required on thesouthern sector of the soil anomaly. For more information on the K9target and the Cross Hills Copper Project please visit
https://www.zontemetals.com/projects/cross-hills-copper-property
Figure 1. The Cu-in-soil anomaly (black dashed line)with Cu-in-rocks on the K9 gravity anomaly.
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 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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