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Zonte Metals Inc
Symbol ZON
Shares Issued 69,579,961
Close 2023-06-05 C$ 0.085
Market Cap C$ 5,914,297
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Zonte identifies two gravity anomalies at Cross Hills

2023-06-06 12:33 ET - News Release

Mr. Terry Christopher reports

ZONTE METALS DISCOVERS TWO LARGE GRAVITY ANOMALIES AT THE K10 TARGET; EACH COINCIDENT WITH COPPER MINERALIZATION

Zonte Metals Inc. has discovered two large gravity anomalies at the K10 target on its Cross Hills copper project in Newfoundland, each anomaly spatially coincident with copper mineralization.

Terry Christopher, president and chief executive officer, comments: "The K10 area comprises of the previously discovered K10S and K10N targets. These targets are defined by copper in bedrock, coincident Cu-in-soil anomalies sitting in significant alteration zones. The recent gravity survey was completed over the large K10 area and has resulted in the discovered of two large residual gravity anomalies, one at each the K10S and K10N targets. These gravity anomalies measure 1,300 by 400 metres and 1,800 by 500 metres for K10N and K10S, respectively. The K10N anomaly is potentially open along strike at both ends, while the K10S residual gravity signature is the strongest discovered on the project to date. These targets will be further advanced to drill stage with the completion of detailed geochemical surveys and a magnetic survey. With these targets Zonte now has six targets that are near or at the drill stage."

The two residual gravity anomalies discovered at the K10 target are coincident with the previously discovered copper-in-bedrock and copper-in-soil anomalies. The K10 target area has only been partially covered with ground magnetic surveys; however, where completed, the K10N is coincident with magnetic highs while the K10S target is coincident with a change in the magnetic signature, where the signature changes from strong to moderate. This magnetic signature change may be related to magnetic destruction caused by hydrothermal alteration that could signify sulphide precipitation.

The K10 anomalies are located within a larger four-kilometre-by-six-kilometre area that hosts numerous targets, including the K6, K6S, K7, K8 and K9 targets. The company is continuing to advance these targets as it works to better define the newly discovered K6S target for drilling. Results dependent, both K6 and K6S will be drilled in the same coming drill program. The K6 drill permit is in hand. Sampling over the new K6S target is completed and the company is awaiting results.

Qualified person

Donald Blake, PGeo, is the qualified person as defined by National Instrument 43-101 and has reviewed and approved the contents and technical disclosures in this press release.

About Zonte Metals Inc.

Zonte Metals is a junior explorer focused on gold and copper. The company owns 100 per cent of the MJ project, in the Tintina gold belt, located in Yukon, the Wings Point project in the new central Newfoundland gold belt, and the Cross Hills iron oxide copper-gold project located in Newfoundland and Labrador. In Colombia, the company has a 25-per-cent 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 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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