Mr.
Terry Christopher reports
ZONTE METALS DISCOVERS COPPER AND SILVER MINERALIZATION AT N DUNNS TARGET, UPDATES DRILL TARGETS AT CROSS HILLS COPPER PROJECT
Zonte Metals Inc. has provided a significant update from its Cross Hills copper project in Newfoundland and Labrador, including the discovery of copper and silver mineralization at the N Dunns target and the advancement of multiple large-scale iron oxide copper-gold (IOCG) targets toward drill testing.
Cross Hills copper project -- exploration highlights
Zonte has systematically advanced the Cross Hills copper project over the past seven years, transforming it from an early-stage property with limited copper showings into a district-scale IOCG system featuring nine large, drill-ready targets.
Recent geophysical surveys, especially high-resolution gravity data, have identified strong, deep-seated anomalies interpreted to potentially represent mineralized systems. These anomalies display large-scale dimensions of up to 3,300 metres long, 600 metres wide and 1,000 metres deep, with a number remaining open along strike and at depth.
Key highlights:
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Nine drill-ready IOCG targets identified;
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Targets exhibit gravity anomalies ranging from one to five milligals, with volumes suggestive of significant tonnage potential;
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New surface drill hole discoveries confirm the presence of a fertile, copper-bearing hydrothermal system;
- Approximately $5-million invested to date in systematic exploration, including geophysics, geochemistry and geological mapping.
This progress positions Cross Hills as a compelling advanced exploration-stage project with the scale and geological setting attractive to mining companies, analogous to globally recognized IOCG systems such as Olympic Dam and Prominent Hill in Australia.
New discovery at N Dunns target
The N Dunns target is a large geophysical anomaly discovered this past winter through a ground gravity survey measuring up to 3,300 m long, 400 to 600 m wide and up to 1,000 metres thick (see the May 29, 2025, news release). It sits about 100 m below surface. While bedrock exposure is limited in the area, recent fieldwork above the anomaly uncovered IOCG-style mineralization at surface. Copper-silver mineralization was observed in a series of narrow veins (two to 15 centimetres wide), traceable for up to 150 metres before disappearing under cover. A grab sample from one of these veins returned assay results of 0.5 per cent copper, 14.3 grams per tonne silver and trace gold with greater than 10 per cent iron. The company notes that grab samples are selective by nature and the result may not be representative of the mineralization in the target area and that geophysical surveys are not definitive and the results are still at an early stage of interpretation, with no guarantee of a mineral discovery.
With the new surface copper mineralization spatially above the target anomaly, N Dunns will now be advanced to the drill stage. Exploration remaining will include infill and extensions to both the soil and gravity grids.
Commenting on the results, Terry Christopher, chief executive officer of Zonte Metals, stated:
"With $5-million invested and years of exploration, we have delineated a large-scale, copper-fertile hydrothermal system at Cross Hills. The discovery of copper and silver mineralization at N Dunns is a key validation of the project's IOCG potential and confirms nine drill targets. As we transition into the drill phase, we look forward to testing these targets and unlocking the value of this underexplored district."
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. Mr. Blake is a non-independent consultant to Zonte Metals.
About Zonte Metals Inc.
Zonte Metals is a junior exploration company focused on the discovery and development of high-potential mineral projects. The company's strategy is to advance projects with the scale and potential to attract major partners and deliver significant shareholder value.
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 copper project located in Newfoundland and Labrador. In Colombia, 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.
We seek Safe Harbor.
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