In 2018,RonS was writing this,believe in still true in 2020.
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Zonte Metals TSXV:ZON Recent Price $0.17 Aug 17th – backup the truck
I just spent the day investigating Zonte's Cross Hills project and my timing was very fortunate. Christopher and his team have been working relentless and meticulously, since the beginning of January over turning every rock and running magnetic surveys on this large project. It has paid off big time as the previous press releases have identified numerous large targets. Many of which Zonte has yet to field check and others such as Dunns Mountain and K6 have delivered copper coincident with the large magnetic targets. Christopher and company would not comment what they have been working on since early July.
It appears, however, through their meticulous process culminating in these past two weeks, Zonte has figured out the controls of the system, orientation of known anomalies and how they tie together in an IOGC (Iron Oxide Gold Copper) system. With this knowledge they have been revisiting anomalies. There is very little experience in Canada on these systems but Zonte does have some outside consultation. Previously they found little copper out cropping because surface rock was very weathered. Unravelling the system controls at Cross Hills, they discovered where and what rock types and surface features to look for. At one target I visited with the Company I was able to observe surface copper showings throughout the anomaly and it appears the company has not sampled many of them, which Is upcoming in the next while.
This pic is an example of a magnetite vein on top of the Dunns Mountain anomaly. The colour does not show well in this picture, but the vein is about as wide as the pen on on each side - what looks blueish in colour is actually green, indicating copper.
With IOGC systems you have the main breccia ore body down deep with mineral pulses creating veins above it and above the veins the disseminated mineralization. It is very rare to find the veining exposed as indicated above - most cases they are buried and you find the disseminated at best. Most anomalies in these systems are often blind or drilled in very little more than alteration. At the Cross Hills project copper mineralization is found at surface and at Dunns Mountain as veining throughout the area.
It pays to do all the long, detailed and hard work and Hats off to the Zonte team in doing this and putting this puzzle together.
After seeing this all for myself and going over all the geology and data with Terry Christopher, I am convinced this will be a major discovery.
Here is a little background on IOGC and what public info we know on Cross Hills so far. Most often IOGC systems are large, hosting billions of pounds of copper and millions of ounces Gold with Iron. Zonte's magnetic anomalies show up very large and strong. Typically you will see long intersects (100s of metres) of mineralization in these systems and they are large open pit operations. Grades can vary.
The advantage Zonte has is their location and infrastructure. There is paved road access to the project and a major high voltage transmission line was put through the northern area of the project last year. Access to Atlantic sea port is only about one hour away. This means a lower grade project could be economic. I an not saying this will be lower grade. At this point we don't know and don't have a deposit yet.
I will go more in depth in my final NFLD junior report. I believe now is the time to buy ZON, before more news and awareness is upon the market.