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Zonte Metals Inc
Symbol ZON
Shares Issued 44,461,285
Close 2018-09-10 C$ 0.31
Market Cap C$ 13,782,998
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Zonte Metals increases land position at Cross Hills

2018-09-10 16:11 ET - News Release

Mr. Terry Christopher reports

ZONTE METALS PROVIDES AN UPDATE ON ITS CROSS HILLS IOCG PROJECT

Zonte Metals Inc. has provided an update related to its continuing exploration program at the Cross Hills iron-oxide-copper-gold (IOCG) project.

Over the summer, the company completed additional exploration on the Cross Hills IOCG project, including prospecting, mapping and additional high resolution ground magnetic surveys. Surface grab samples are presently in the laboratory and the company is awaiting the results, which will be released once received and interpreted.

In addition and based on field observations, the company has increased its land position from the initial 327 claims to 493 claims (or 81.75 to 123.25 square kilometres). Although much of the initial property has not yet been explored, the increased land position was acquired as a result of identifying the possible controls for mineralization at the Dunns Mountain and K6 targets. Exploration is continuing with the immediate focus on bringing the known targets to the drill stage, if warranted. An update of the drilling plans will be announced once all data are in hand and the program has been set.

Terry Christopher, president and chief executive officer, states: "Exploration at the Cross Hills IOCG project has been successful identifying iron-oxide alteration coincident magnetic anomalies with surface copper mineralization, as seen at the K6 and Dunns Mountain targets. At this point, the company has elected to build on recent exploration and advance the targets through additional exploration in preparation for drilling. Work is presently under way and expected to be concluded within a month or so."

Additional information on the Cross Hills project can be viewed on the Zonte Metals website.

About Zonte Metals Inc.

Zonte Metals is a junior explorer focused on gold and copper. The company has signed option agreements to acquire 100 per cent of the McConnells Jest project in the Tintina gold belt, located in Yukon, and the Cross Hills IOCG project, located in Newfoundland. It also holds a 100-per-cent interest in the drill-ready Wings Point gold project, also located in Newfoundland. In addition, the company and its 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 and B2Gold; the title issuance is being contested by the state governing the application and the company has started legal action to protect its rights.

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