Zonte Metals Provides Corporate Update
(TheNewswire)
Halifax, Nova Scotia – January 6,2026 – TheNewswire – Zonte MetalsInc. (“Zonte” orthe “Company”) (TSXV:ZON)(OTC:EREPF) is pleased to provide a review of the past year and a lookahead into 2026.
Dear Shareholders,
We would like to begin by sincerely thanking you foryour continued patience and support. The past several years hasrequired discipline, perseverance, and belief in the long-term valueof our assets and strategy. Your commitment has not goneunnoticed.
We are now entering one of the strongest commodityprice environments in recent history. Copper prices have reachedrecord highs, reflecting structural supply challenges and acceleratingdemand from electrification. Gold prices are also at record highs,underscoring the metal’s enduring role as a store of value and hedgeagainst uncertainty. This is the cycle we have been preparingfor.
To date, Zonte Metals has invested more than $6 millionadvancing our projects, steadily building the technical foundationrequired to unlock their value. We are now exceptionallywell-positioned to capitalize on both of our cornerstoneassets:
The MJ Gold Project in the Yukon Territory, where webelieve the market has yet to fully appreciate the potential scale andgeological significance of the system we are advancing.
The Cross Hills IOCG Copper Project in Newfoundland andLabrador, where ongoing technical work continues to highlight theproject’s potential within a rapidly tightening global coppermarket.
In recent months, we have seen a significant increasein interest from major mining companies and institutional investors,particularly through the fourth quarter. These discussions reaffirmthe quality of our portfolio. As always, we are committed toevaluating all financing and partnership options carefully andresponsibly to ensure we create the greatest long-term value for ourshareholders.
Looking ahead, we believe 2026 has the potential to bea turning-point year for Zonte Metals — a year in which the broadermarket begins to recognize the work that has been quietly advancingbehind the scenes and the intrinsic value embedded in ourprojects.
On behalf of our entire team, thank you again for yourtrust and support. We look forward to updating you as our progresscontinues.
About the MJ Gold Project in theYukon Territory
The MJ gold project is located in ahighly prospective district surrounded by major deposits. VictoriaGold’s project, adjacent to the west, hosts nearly 10 million ouncesin all categories, including the newly discovered Raven deposit whichsits just 2 kilometres from the MJ border, while to the south BanyanGold hosts 7.7 million ounces including inferred 2.74 million ouncesat 0.63 g/t Au in 112.5 million tons and indicated 5.453 millionounces at 0.60 g/t Au in 280.6 million tons (source Bayan Gold websiteand Victoria Gold’s historic website). The mapped gold-fertileintrusion at MJ is larger than the intrusives currently associatedwith Victoria’s deposits, underscoring the strong district-scalepotential. Note; Victoria Gold is now in receivership and the biddingprocess for the asset is expected to close H1 2026 (PWC website).Information from Victoria and Banyan’s project do not indicatemineralization within the MJ Project.
Initial drilling on the MJ Project at the 2–4 Target may have begunto outline a mineralized system. Hole MJ-03 intersected 106 metres of0.18 g/t gold, grades that are often seen on the periphery ofintrusion-related gold deposits. Hole MJ-04 returned two separateintervals of 32.02m and 29.60m grading 0.49 and 0.53 g/t Au,respectively, suggesting improving tenor in the immediate area (seeOct 6, 2017 press release). Importantly, these results were achievedwithout completing geophysics, soils, trenching, or structuralanalysis, as early funding was directed immediately to drilling.Follow-up work in this area is considered a high priority.
Image; Mapped intrusions within the area illustrating the size of theMJ intrusion and the deposits within the Victoria Gold project.
The MJ project sits just east of theRaven Deposit on Victoria Gold’s project and exploration completedby Zonte and published geological mapping by Victoria Gold suggeststhe Raven and MJ systems could be one larger intrusive target areawithin a structural corridor. The Raven deposit, considered high-gradefor the intrusion related gold systems, is host to higher gradesulphide veins which are also common within the MJ intrusion. (seeVictoria Gold press release dated Oct 25, 2023 and Zonte Press ReleaseOct 6, 2017).
With a gold-fertile intrusion of significant scale, a strongstructural setting, and proximity to existing mining infrastructure,the MJ Project represents one of the more compelling underexploredintrusion-related gold opportunities in the Yukon. Based on theintrusion size and comparable deposits in the district, the Companybelieves the project has potential to host a large-scale gold systemand could become a strategic asset as exploration advances.
More information on the MJ Gold Project can befound at the following link https://www.zontemetals.com/projects/mj-project
About Cross Hills Copper Project inNewfoundland and Labrador
Zonte Metals’ Cross Hills IOCG Project is interpretedto represent a district-scale Iron Oxide Copper-Gold (IOCG) systemassociated with regional-scale structures and Proterozoic host rocks.To date, approximately $5 million has been invested in systematicexploration including mapping, structural interpretation, airborne andground geophysics, soil and rock geochemistry, and multi-phasedrilling.
Exploration hasconfirmed the presence of widespread iron oxide alteration, alkalimetasomatism, and copper mineralization, consistent with IOCG systemsglobally. Copper occurs mainly as chalcocite, bornite and chalcopyritewithin breccias, veins, and replacement-style mineralization focusedalong major structural corridors. Alteration assemblages includepotassic, sodic-calcic, and iron-oxide phases, which are spatiallyassociated with gravity and magnetic anomalies that may definelarge-scale fluid pathways and potential mineralized centres.
Zonte’s exploration programs have identified ninelarge-scale targets within the project. Each target is at or neardrill stage. All targets are considered large in terms of the gravityanomaly size and strong reaching up to 5mGal as recorded at the NineMile/K4 target, for example. The Nine Mile/K4 gravity anomaly measuresapproximately 3,700 metres by 3,100 metres and extends deep into thesubsurface, suggesting the presence of significant dense rockpotentially related to mineralization and representing a priority IOCGtarget for drilling (March 12, 2025).
Drilling completed todate has confirmed copper-bearing mineralization at several targets,demonstrating a fertile hydrothermal system. Current targeting isfocused on targets with coincident gravity and magnetic anomalies,soil and rock geochemical anomalies within structural zones; acombination that is observed in the most prospective settings forglobal copper accumulations within IOCG systems. With district scalepotential the project hosts a Tier-1 advanced copper explorationproject.
More information on the Cross Hills Copper Project canbe found at the following link https://www.zontemetals.com/projects/cross-hills-copper-property
Image illustrating gravity anomalies through the Cross Hills CopperProject.
Neither the TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy of accuracyof this release.
Donald Blake, PGeo, is the qualified person as definedby National Instrument 43-101 and has reviewed and approved thecontents and technical disclosures in this press release. Mr. Blake isa non-independent consultant to Zonte Metals.
About Zonte Metals
Zonte Metals Inc. is a junior exploration companyfocused on the discovery and development of high-potential mineralprojects. The Company’s strategy is to advance projects with thescale and potential to attract major partners and deliver significantshareholder value. The Company owns 100% of theMJ project, in the Tintina Gold Belt, located in the Yukon Territory,the Wings Point project in the new Central Newfoundland Gold Belt, andthe Cross Hills Copper project located in Newfoundland and Labrador.In Colombia, 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
Copyright (c) 2026 TheNewswire - All rights reserved.
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