zonte metals

Terry's comments are important and most meaniful

Terry Christopher commented, "The additional gravity data set, in combination with the Company's 3D data set, has proved to be a successful tool for follow-up drilling as we explore the Cross Hills IOCG project. Drilling during this program is showing significant increase in hydrothermal alteration and sulphide content. Drill hole CH-19-009 at Dunns shows a spaced fracture set with mineralization and is the single longest zone of visual mineralization observed to date. The increase in sulphide content is significant and the nature of mineralization and orientation of the fracture set will be used to assist in target definition for our ongoing drill program."

Getting closer getting better. I am all in

Zon drill news. Will have a more indepth update when back from pdac. Technically it was a big success in getting closer to source. This is a huge anomally to drill in

Hole 3 from last year had zones of fractures with mineralization

Hole 9 in this annoucement had fracture zones much mote intense snd wider. Zon only assay sampled a portion because the assay of the entire width is not what is important

They can now orientate with hole 3 and 9 on the direction it came from and trace backwards to find the source. Zon now has its first road map at Dunns. Hope that helps explain technicals

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@newswire/zonte-metals-provides-update-on-the-fall-2019-drilling channel

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by @newswire on 3 Mar 2020, 13:55

Zonte Metals provides update on the Fall 2019 drilling at the Cross Hill IOCG project

     

TSXV: ZON

HALIFAX, March 3, 2020 /CNW/ - Two drill holes were completed on both the K6 and Dunns Mountain targets during November - December of 2019. The initial proposed program was hampered by uncharacteristic heavy rains so drilling locations were altered to logistically accessible areas within the targets.  The present drill program, which is in progress on Dunns Mountain, will allow testing of the targets that were not easily accessible during 2019 program.

The fall 2019 drill holes tested various areas of interest utilizing ground gravity data in combination with magnetic and Induced Polarization data.  At K6 the drill holes were aimed to test the gravity high on the eastern side of the target and the gravity anomaly sitting above a pipe-like structure observed in the 3D high-resolution magnetic profile. At Dunns Mountain one drill hole was completed on the eastern-most side of the 3D inversion gravity anomaly and the second one completed in front of the mountian aiming to test a portion of the anomaly at that location.

Drill hole CH-19-09, at Dunns Mountain, was drilled on the southeast side of the mountain aiming back at the gravity anomaly. The drill hole was terminated at 506m due difficulties related to a large hematitic fault structure. This hole showed visual mineralization in several long core lengths including 120 - 160m and 220 - 275m, where selected samples returned anomalous copper values up to 0.29% copper. Mineralization through these intervals is characterized as spaced millimeter-scale mineralized fractures containing chalcopyrite and pyrite. The upper interval showed more pyrite with lesser amounts of chalcopyrite with the bottom interval dominated by chalcopyrite and lesser pyrite. The intervals were dominantly mineralized in millimeter scale fractures, with several narrow intervals containing mineralization throughout the rock. 

Drill hole CH-19-008, at Dunns Mountain, targeted the core of the gravity anomaly from the eastern side of the mountain.  In this location the gravity sits below, and partially overlapping, the magnetic anomaly.  Visually, the drill hole showed strong hydrothermal alteration above the gravity core, with the gravity core defined by a slight increase in magnetite. Anomalous copper values were intersected in several narrow intervals.

At K6 the two drill holes returned anomalous values in narrow intervals. Visually, drill hole CH-19-06, which targeted the gravity core showed strong hydrothermal alteration. Minor narrow zones and fractures were encountered that contain copper mineralization in the from of chalcocite and bornite. Minor native copper mineralization was also noted and associated with late quartz veining.

Drilling is progressing well at Dunns Mountain and will continue through the winter and spring. Presently the drill is completing holes on the eastern side of the mountain in the area where drill hole CH-19-004, completed last winter, intersected a number of copper intervals including 14.0% Cu, 15.8 g/t Au and 352 g/t Ag over a 0.43m interval sitting in a 2.76m interval which averaged 2.89% Cu, 2.65 g/t Au and 73.3 g/t Ag (see press release dated April 23, 2019). The K6 target remains largely untested and future drilling will occur on the southern portion of the target area where the company has previously identified copper mineralization in surface outcrop and anomalous copper in soils which are coincident with the gravity target. Targets K7 and the Big K have yet to be tested. Maps showing the drilling and targets can be found at   www.zontemetals.com/projects/cross-hill-project/

Terry Christopher commented, "The additional gravity data set, in combination with the Company's 3D data set, has proved to be a successful tool for follow-up drilling as we explore the Cross Hills IOCG project. Drilling during this program is showing significant increase in hydrothermal alteration and sulphide content. Drill hole CH-19-009 at Dunns shows a spaced fracture set with mineralization and is the single longest zone of visual mineralization observed to date. The increase in sulphide content is significant and the nature of mineralization and orientation of the fracture set will be used to assist in target definition for our ongoing drill program."

the follow up,

B2Gold comes of age but drive remains the same

www.kitco.com/news/video/show/BMO-2020/2...st%3Fshow%3DBMO-2020

they could go with gramalote in 2021 after a positive feasibility study.

RonS wrote: Pdac 10 times busier today. I guess just no retail investors in this market yet

TSX Venture heading towards irrelevancy: John Kaiser

www.bnnbloomberg.ca/commodities/video/ts...-john-kaiser~1912971

RonS wrote: Pdac 10 times busier today. I guess just no retail investors in this market yet

Didn't help yesterday

Anti-mining protesters block entrances to PDAC annual convention

www.mining.com/anti-mining-protesters-bl...c-annual-convention/

The young retail investors are buying cryptos.

Pdac 10 times busier today. I guess just no retail investors in this market yet

RonS wrote: Ron approved new user. Has contest guess see below

it's done master RonS...lol...

No i think bear market,

caused by the covid 19 ? ZON back at $0.345 on the ask,good thing.

Flynn I am confused. I noticed that the volume was only 3000, is that all your shares or do you have more because I have a few bids in and was hoping the get them filled. If your having trouble selling the rest of your share at a limit price I would suggest you change it to market price. Or is this like 10 months ago when you announced you were moving on...

THE DEADLINE FOR RECEIVING THE PREDICTIONS IN THE CONTEST 2020 IS UNTIL ASSAYS ARE RELEASED

Those who participated in 2019 and haven't given me their prediction yet are:

415---Kaleen9999---GoldFever---golddub1---lwtfu005

Real McCoy wrote: Ron I posted a few days ago don’t know if u saw but put me down for .75 if it not to late

not too late my friend,welcome aboard in the 2020 contest,you're one of us now,good luck,

The prediction for the high of ZON runs from Jan 1st 2020 to Jan 1st 2021

Goldman and Hoss mentioned in their wise posts,

Goldman: This story may unfold as a Tier 1 Copper / IOCG Deposit that major mining companies will fight over !!!CROSS HILLS,NEWFOUNDLAND COULD BE A DISCOVERY PLAY !!!Terry Christopher is looking for exploration projects that show large scale potential,is trying to find the BIG IOCG system !!!Be patient,this could be a very major discovery !!!GO ZONTE GO !!!

Hoss: I have been in countless exploration juniors over the years. I even stayed up in the wee hours drinking with the drillers to try and gain any insight. And I can tell you that nothing is for sure in drilling no matter what anyone says or how good this or that looks.The Dunns anomalies extend for about 1 kilometer and about 1/2 kilometer wide. If you convert that to city blocks, it is around 75 city blocks and they poked 5 skinny two inch drill holes among those 75 blocks.I think the stock has not responded to the upside because this is something new, there are not any IOCG systems in NFLD, and I don't think an economic one anywhere in Canada. There are some good iron deposits but they do not have any copper or gold. The market does not believe Zonte can find one, it is taking a show me stance!!!I bought ZON because if they make an IOCG discovery it could be world class like a KirkLand Lake, Great Bear or going way back Voisey's Bay. These are very rare.I like the high grade hit last year, the system is mineralized, Zonte needs to find out where it is and see how big mother nature made it.With a discovery, nobody knows how high a stock will go. When Kirkland Lake was $5, I bet nobody predicted $50, nor $8 for GBR when the stock was 50 cents 2 years ago.These exploration plays are high risk, but can be very high rewards.

The high of the year in 2020 will be much higher with many news releases announcing a major discovery IOCG in Newfoundland,Cross Hills will deliver many spectacular drill holes in 2020,all aboard,the train is about to leave the station.

10 under $1 or even
Conrad R $0.42----Travis M $0.485----PerseusLtd $0.51----CIMA $0.54
downunder $0.62----Don C $0.69----Real McCoy $0.75----flynn $0.85
glenn.linstone $0.88----davplan $0.96

9 under $2 or even
qinvest $1.01----meguma $1.04----Anjing Z $1.25----Dave M $1.35  
Gerry M $1.38----31Floors $1.40----luck $1.77----Van K $1.78    
Big Donald $2.00  

5 under $3 or even
Pasta $2.25----Jocko $2.30----Davyboy $2.45----Gambler $2.77    
hootie87 $2.85

8 under $4 or even
JimB $3.01----GoldnBoy $3.25----kwilson17 $3.40----inimus $3.50    
Hoss $3.55----itnsk $3.69----lynnsa10 $3.75----howlem2 $4.00

5 under $5 or even
alexgreat $4.10----DearJohn $4.25----Roadster $4.51----Kaiser $4.75    
ron $4.76

4 under $6 or even
WealthyPlumber $5.00----Hugo123 $5.35----tonyk $5.65----Dreamer $6.00

2 under $7 or even
mozrep $6.50----dtangen $6.66

2 under $8 or even
Mauibuilt55 $7.10----agilebill $7.77

1 under $9 or even
JunglistGuy $8.80

Total of 46 participants in 2020  
The most pessimistic: Conrad R $0.42    
The most optimistic: JunglistGuy $8.80

The prizes from RonS
That is the excitement of junior exploration,one drill hole can completely change a company.I will offer the same reward for this year contest,one year added to your newsletter subscription or $150 dinner voucher for life timers.Also,if the winning stock price is over $1.00 then the first place prize will be this gold coin and the silver coin reverting to 2nd place finisher.This should make it more interesting and help get some new participation.I think these newer coins are beautiful and will be easier to source. They also relate to NFLD where ZON is drilling and could make a discovery.Rules are simple,whoever is closest to the highest trade printed on the ticker in 2020,regardless exceeding the high or not.But if there's a tie,the one who doesn't exceed the high is the winner,we can't have the same prediction.For the coins,click on the links below.
Ex:The high in 2020 is $1.35,ABC has $1.30-XYZ has $1.40:ABC wins.

FIRST COIN : A VALUE OF $620 CDN
coinscatalog.net/canada/coin-100-dollars...-circulation-coinage
SECOND COIN : A VALUE OF $105 CDN
coinscatalog.net/canada/coin-silver-20-d...silver-bullion-coins
www.mint.ca/store/coins/1-oz.-pure-silve...000-2018-prod3220054

The analysis of RonS in 2020
I will say that last years optimistic prediction was based on:
1 - A turn around in the junior mining market, but instead it went even lower. The odds are much higher the juniors turn up this year.
2 - An agreement or settlement on Gramalote, that did not happen either. Again the odds have increased this year with B2Gold taking control.
3 - A discovery at Cross Hills, well that one was close, we got one great drill hit, but in the weaker junior market, more than one narrow intersect is required for the market to see a discovery. Again the odds are much higher this year, especially the current drill round.
If I did hazard a guess it would be between $3 and $4 and based on just one of the three positive outcomes, probably point 3. Hoss makes a good point, you never know, will depend on the numbers in the drill core.

The reasons why RonS had a $6.50 target in 2019    
My optimistic guess is $6.50 for the high, probably no better than any ones prediction but here is my reasoning.It is hard to imagine a better mining market and higher gold prices after what we have just been through in 2018, but often the market improves after such a downturn and I believe we will see gold prices in the $1300 to $1500 range in 2019 when it becomes more evident the Fed will have to ease again or at least halt the tightening cycle.I have been to Cross Hills and looked a lot into these IOCG systems and I am convinced there will be a discovery.Pasta mentioned just some magnetic surveys and normally that is not such a big deal but in IOCG it is.Iron Oxide is iron, it is magnetic so responds well to these surveys, not so in other systems.
The iron oxide veins on surface are magnetic,I used a magnet myself,a very simple
principle.On surface they carry copper, that is what makes these deposits valuable compared to just an iron ore deposit.The magnet surveys show strong magnetic intensity deeper below the surface,it is a no-brainer that the iron oxide is concentrated down deeper and like the surface showing has copper.

And veining above is very typical of these systems. There is very little experience and knowledge about these in Canada and is probably the main reason Zonte is
overlooked thus far.There is no doubt in my mind that this will be a discovery with iron, copper and some PMs, the question is the grade?After some drill holes and we have an average grade of say 0.25% copper, it still might be economic, but will not get much love. If the grade is .3 to .35% that we see in many other copper deposits, this is going to get some serious attention.IOCGs are known for better grades in general and if this turns out to be 0.5% to 1% copper it is going to be a whopper. And OMG if it is above 1%. Don't forget unlike porphyry systems where the other 99% of the rock is waste, in an IOCG, the 20% to 40% that is typical iron oxide also has value, it is not waste rock. There should be silver and gold credits as well.It seems $5 is kind of a top speculative target with many juniors like we saw with Garibaldi. That said, with higher gold prices, I believe the pressure will intensify on Anglo to settle with Zonte in 2019 so they can move Gramalote to production.Given not so great a market, it is still a $50 to $100 million settlement which is another $1 to $2 per share, hence when added to $5 my $6.50 guess!!!!!!!!!