09:29:30 EDT Fri 03 May 2024
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Zonte Metals Inc
Symbol ZON
Shares Issued 69,579,961
Close 2023-07-28 C$ 0.07
Market Cap C$ 4,870,597
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Zonte Metals outlines gravity anomaly at Cross Hills

2023-07-28 10:47 ET - News Release

Mr. Terry Christopher reports

ZONTE METALS DISCOVERS NEW LARGE GRAVITY ANOMALY, COINCIDENT SURFACE COPPER MINERALIZATION

Zonte Metals Inc. has discovered a new gravity anomaly on its Cross Hills copper project in Newfoundland and Labrador. The new target, called K1, measures up to two kilometres and is coincident with bedrock copper mineralization.

Terry Christopher, president and chief executive officer, commented: "Zonte has defined a series of signatures from known targets within the Cross Hill copper project. This data has been applied to other areas within the project, which has resulted in the discovery of the new K1 target. A recent gravity survey over the K1 area discovered a large anomaly measuring two kilometres in length and up to 600 metres wide. Recent field reconnaissance has confirmed the presence of copper mineralization on the eastern side of the gravity anomaly, with the western portions of the anomaly mainly under cover. The company will complete a number of additional exploration programs over the K1 area to provide further understanding of the target."

The new K1 target is large, measuring just over two kilometres, and is coincident with iron oxide, calcic and sodic alteration, along with copper indications in bedrock. At this point, the company has completed a structural analysis of the area and first-pass alteration mapping and prospecting. Further exploration programs are already in progress, with a field crew actively working on the new target.

Qualified person

Donald Blake, PGeo, is the qualified person as defined by NI 43-101, Section 3.1, 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 IOCG (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 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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