Still keep getting lots of smoke. Terry find the fire?
Lots of targets yet to test. My speculation is the discovery will be made at some point.
I have accumulated more stock at these prices and plan to continue. Here is news release text
2021-01-19 08:05 ET - News Release
Mr. Terry Christopher reports
ZONTE REPORTS RESULTS FROM INITIAL K7 DRILLING AND DISCOVERS LARGE MAGNETIC ANOMALY NORTH OF DUNNS MOUNTAIN.
Zonte Metals Inc. has provided an update on the initial two drill holes at the K7 target and the discovery of a large magnetic anomaly north of Dunns Mountain.
The K7 target is a coincident gravity/magnetic anomaly sitting approximately 13km south of Dunns Mountain and between the K6 and K8 targets. The K7 target was discovered during a gravity survey which identified a large target sitting 130-150m below the surface. Geologically, the target is hosted by an altered porphyritic unit displaying potassic, sodic and calcic alteration.
Two drill holes were completed from the same drill pad (668425E, 5290828N) on the eastern end of the target. Both holes interested anomalous copper and silver as well as anomalous rare earth mineralization. CH-20-11 was drilled towards the gravity anomaly, testing the portion of the target closest to surface. This drill hole intersected a 1.05m zone of 0.27% Cu with trace silver as well as two intervals (7.8 and 7.25m) with elevated Zr, Y, Ce and Nd. CH-20-12 intersected a 24m wide pyrite rich zone with anomalous Cu and Ag with the single highest Cu grade at 0.43% Cu and 14.1 g/t Ag over 0.3m. This hole also intersected a 4.8m interval with elevated Zr, Y, Ce and Nd. Both drill holes showed elevated IOCG geochemical signatures, such as Bi as well as abundant fluorite throughout the drill core. A table of the results is found below.
Subsequent to the drilling at K7, the company completed a MMI soil sampling survey in the area which identified two Cu anomalies; the first located on the south flank of the gravity anomaly and the second on the western side of the anomaly. Both are of significant size with the larger one up to 750m in length. Of note, soil sampling was hampered by limited quality sampling sites in the area and the anomalies remain open along strike where sampling could not be conducted. A map illustrating the gravity and soil anomalies with drill holes is found on the Company's webpage at link
zontemetals.com/projects/cross-hill-project/
In addition, the Company is pleased to announce the discovery of a large magnetic anomaly, sitting 2km north of Dunns Mountain. Last fall the company complete a large airborne magnetic survey over portions of the property. Field checking through the fall was carried out on a number of anomalies for IOCG signatures. A large 3km by 2.5km magnetic anomaly was discovered about 2km north of the Dunns Mountain target. Time constraints resulted in a very limited prospecting program at the new anomaly, however, on the northern flank of the anomaly two copper showings were discovered. It was also noted that much of the anomaly is under cover and a program of additional prospecting, soil geochem and possible additional geophysics will be conducted. A map illustrating the new anomaly is found at the above noted link.
Terry Christopher, President comments 'The initial two drill holes at K7 tested just the eastern edge of the target area. Data shows the target carries copper, silver and rare earth metals. The target remains open, including to depth where the gravity anomaly has significant vertical thickness. The recent soil geochem will focus the next stage of drilling at K7, where the anomalies identified, sit on the flank of the gravity anomaly. The deeper parts and centre of the gravity anomaly has yet to be tested and will require a drill test as well. The newly discovered large magnetic anomaly north of Dunns Mountain is exciting as it's in an area not previously explored. The anomaly is large, being multiple times larger than the Dunns Mountain target, and although mostly covered, copper has been discovered on the northern flank. This anomaly will be a focus of significant exploration to advance the target for drilling, if warranted. "