TSXV: ZON
HALIFAX, NS,
April 28,
2022 /CNW/ - Zonte Metals is pleased to provide the
following update on the Cross Hills Copper Project, located in
Newfoundland and Labrador, Canada.
The Company has discovered two copper-in-soil anomalies on the
newly discovered K10 target. The K10 target was discovered during
the Fall of 2021 and is characterized by bedrock copper
mineralization in three separate surface zones (see January 26, 2022 press release). The three zones
of surface mineralization lie within a 1600 by 1100m area and the limits of anomalies are
obscured due to soil cover.
A reconnaissance soil program, composed of four widely spaced
lines, was completed over the K10 target area through which two
copper-in-soil anomalies were identified; one on each of the
northern and southern portions of the target. The northern anomaly
measures 800 by 400m and is open to
the north and northwest. The southern anomaly measures 1000 by
550m and is open to the northwest.
Both anomalies sit in and strike parallel to structural zones and
are coincident with copper-in-bedrock mineralization. The K10, K9
and K8 targets are in close proximity and additional exploration
will include magnetics and gravity surveying to vector towards and
refine drill targets.
With the two new copper-in-soil anomalies at the K10 target, the
Cross Hills Project now contains 10 targets over a 20km length.
These targets have been identified over the last three years
through systematic and detailed exploration. Prior drill results at
Dunns Mountain by the Company indicate a fertile copper system,
making each target a high-priority for drilling. The targets range
from drill ready to recently discovered. With these 10 targets the
Company will be entering a multi-phase testing program to drill the
targets presently drill ready, while advancing other suitable
targets to the drill stage for testing. Property wide exploration
will continue for additional targets.
Maps illustrating the targets throughout the project, including
the new copper-in-soil anomalies can be found at the following
link
https://www.zontemetals.com/projects/cross-hills-copper-property.
Qualified Person
Donald Blake, P.Geo. is the
qualified person as defined by NI 43-101 and has reviewed and
approved the contents and technical disclosures in this press
release.
About Zonte
Zonte Metals Inc. is a junior explorer focused on gold and
copper. The Company owns 100% of the McConnells Jest project, in
the Tintina Gold Belt, located in the Yukon Territory, the Wings Point project in the new Central
Newfoundland Gold Belt, and the Cross Hills IOCG project located in
Newfoundland and Labrador. In Colombia; the company has a 25% carried
interest in Project X where historic drilling intersected
significant gold mineralization and the Company and partner have an
application over open areas sitting on top of the open pit outline
of the Gramalote Deposit in Colombia, which is held by AngloGold Ashanti
(NYSE:AU) and B2Gold (TSX:BTO, NYSE:BTG). The title issuance is
being contested by the state governing the application and the
Company has started legal action to protect its rights.
Forward-Looking Information
This news release contains forward-looking statements which
include statements regarding the Corporation's future plans, as
well as statements regarding financial and business prospects and
the Corporation's future plans, objectives or economic performance
and financial outlooks. The Corporation believes that the
expectations reflected in this news release are reasonable but
actual results may be affected by a variety of variables and may be
materially different from the results or events predicted in the
forward-looking statements. Readers are therefore cautioned not to
place undue reliance on these forward-looking statements. In
evaluating forward-looking statements readers should consider the
risk factors which could cause actual results or events to differ
materially from those indicated by such forward-looking statements.
These forward-looking statements are made as of the date hereof,
and unless otherwise required by applicable securities laws, the
Corporation does not intend nor does it undertake any obligation to
update or revise any forward-looking statements. Neither the TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy of accuracy of this release.
SOURCE Zonte Metals Inc.