Wow, exciting times for Zonte, now 2 drill programs underway
Zonte Metals provides update on Cross Hills Property and commences drilling at the Wings Point Gold project
Canada NewsWire
HALIFAX, May 26, 2020
TSXV: ZON
HALIFAX, May 26, 2020 /CNW/ - Zonte Metals is pleased to provide the following update on the Phase 2 drill program at its Cross Hills Iron Oxide Copper Gold (IOCG) Project and the commencement of Phase 1 drilling at the Wings Point Gold Project.
Phase 2 drilling at the Cross Hills property is focusing on the Dunns Mountain target, where the Company has previously intersected copper, silver and gold in an IOCG system. Drilling was suspended early April due to the spring thaw. The project experienced significant snow accumulations this past winter and the snow melt necessitated a suspension until the ground conditions improve. A total of three drill holes were completed with the fourth in progress when the drill operations were shut down. The drill rig remains on site and will be restarted shortly when the ground conditions allow. All cores have been sampled and sent to the lab. Results will be released when the data has been received and compiled.
In the interim, the Company has elected to commence a maiden drill program at the Wings Point Gold project, which too, is located on the island part of Newfoundland and Labrador, approximately 30 km north of Gander. Drilling has commenced and will include 4 to 6 holes. The targets at Wings Point are characterized as a disseminated gold system in sediments and analogous to the Touquoy Project of Atlantic Gold (taken over by St. Barbra of Australia) in Nova Scotia where commercial production started in 2018. For additional background information on the Atlantic Gold Project see
stbarbara.com.au/our-operations/atlantic-gold/
.
The Wings Point project hosts two large targets identified from the combination of rock and soil geochemical sampling and an Induced Polarization (IP) geophysical survey. The two targets include; the Western Anomaly which measures 1200m long by 75-150m wide and returned surface samples assaying from anomalous to 6.95 g/t gold and the Eastern Anomaly which measures 800m long by 225m wide and returned surface samples assaying generally between 0.25 to 1.5 g/t gold. It should be noted that these samples were collected and press released previously by the Company and are select grab samples in nature and do not represent the property as a whole. Bedrock gold mineralization is coincident with the IP chargeability and resistivity anomalies. The IP anomalies are partially located in an operating rock pit providing excellent access. The initial drill program will test various parts of both target areas.
Acknowledgment
The Company would like to acknowledge and thank the Province of Newfoundland and Labrador for its financial support through the junior exploration assistance program. The Company received a $82,800.00 grant to subsidize the exploration work performed on the Cross Hills Property.
