More good smoke signals, need to find the fire. Maybe Wings will be the first to fly?
2020-06-18 16:10 ET - News Release
Mr. Terry Christopher reports
ZONTE INTERSECTS ADDITIONAL MINERALIZATION AT DUNNS MOUNTAIN, RESUMES DRILLING AND COMPLETES WINGS POINT DRILLING
Zonte Metals Inc. has provided the following update on the continuing phase 2 drill program at its Cross Hills iron oxide copper gold (IOCG) project. The company has also completed the phase 1 drill program at its Wings Point gold project.
At the Cross Hills IOCG project, winter drilling included the completion of four holes with a fifth in progress at the Dunns Mountain target. The winter program was shut down due to the spring thaw. The drill holes focused on the eastern side of Dunns Mountain.
Highlights:
DH-20-03 intersected narrow high-grade silver, copper and tungsten mineralization with a 0.12 metre interval returning 2,048 grams per tonne silver, 1.17 per cent copper, greater than 0.1 per cent tungsten and trace gold.
DH-20-01 intersected long intervals of widely spaced hairline fractures containing copper mineralization.
DH-20-02 intersected intervals of anomalous copper values with zinc and lead mineralization, which has been identified peripheral to some IOCG deposits.
Drill holes CH-20-01 through to 03 were drilled on the eastern side of Dunns Mountain while the heavy snow cover allowed for easier logistics. These holes tested the moderate to weak gravity anomaly associated with the eastern side of the magnetic anomaly. DH-20-01 was drilled from the east side of the mountain to the southwest. Several intervals of visual mineralization were noted including: 122.5 m to 139 m, which returned anomalous copper values, and between 305 m and 405 m, where widely spaced hairline fractures containing copper mineralization were noted. The later interval of mineralization is similar in nature to the mineralization identified in CH-19-09 where spaced hairline mineralized fractures were intersected between 120 m to 160 m and 220 m to 275 m (see March 3, 2020, press release). DH-20-02 showed several intervals of anomalous copper with elevated zinc and lead values. The intervals between 98.24 m to 100 m and 157.31 m to 161.2 m recorded zinc values up to 0.69 per cent zinc with anomalous lead and copper. DH-20-03 was the most eastern drill hole aimed at the outer limits of the alteration halo at Dunns Mountain. This drill hole intersected a 0.12 m zone of high-grade silver between 291.40 m to 291.52 m, which returned 2,048 g/t silver, 1.17 per cent copper, greater than 0.1 per cent tungsten and trace gold.
DH-20-04 was drilled from the top of the hill back in an approximate east-northeast direction toward the high-grade silver interval in CH-20-03. The hole deviated from the target and did not intersect the projection of the mineralized zone. A number of narrow veins containing bornite mineralization were interested in this hole.
DH-20-05 was started prior to the spring thaw and stopped at 180 m when snow conditions deteriorated. This hole did intersect several narrow zones of mineralization at the top of the hole with one 0.45 m interval returning 0.35 per cent copper, 6.5 g/t silver and trace gold. Drilling has restarted and this hole will target a deeper section of the Dunns gravity and magnetic profile.
Drilling on the eastern side of Dunns Mountain showed intermittent anomalous copper, increase pyrite content as well as sphalerite mineralization. These mineral assemblages are sometimes associated with the periphery of IOCG systems and these data will be used in the design of the continuing drill program at Dunns. The notable lengths of widely spaced hairline fracturing containing copper mineralization in CH-20-01, which was similar to that previously interested on the south side of the mountain, warrants further testing as does the possible extension of the narrow high-grade silver in DH-20-03. The company continues to test various parts of the large 1,300 m by 600 m gravity and coincident magnetic anomaly at Dunns Mountain.
The drill program at the Wings Point gold project has been completed with six drill holes testing various targets on the property. The drill core is presently being split, sampled and shipped to the lab. The results will be released once data have been received.