zonte metals

RonS thanks for update. Gold bouncing back nice this morning

Ron approved new user. Has contest guess see below

No i think bear market

RonS wrote: Pdac update the ghost town. Sunday is normally the day for retail investors and you could shoot a gun down most aisles and hit nobody. I would say people manning the booths outnumbered those in the aisles 3 to 1.

This is the worse this event has ever been

Met newfound gold. They have no intention of going public in this market. They have $30m in the till

The good news is money seems to be coming into nfld plays

covid19 effect ?

Pdac update the ghost town. Sunday is normally the day for retail investors and you could shoot a gun down most aisles and hit nobody. I would say people manning the booths outnumbered those in the aisles 3 to 1.

This is the worse this event has ever been

Met newfound gold. They have no intention of going public in this market. They have $30m in the till

The good news is money seems to be coming into nfld plays

Not too far from zonte,maybe we will see Eric Sprott buying shares of zonte one day,good find PerseusLtd.

Newfoundland

VANCOUVER, British Columbia, March 02, 2020 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce that it has subscribed for 15,000,000 common shares of New Found Gold Corp. (“New Found”), a Canadian private exploration company with the largest mineral claim package in the Province of Newfoundland and Labrador. The subscription price will be paid by the issuance of 6,944,444 common shares of Novo (the “Acquisition”). The Acquisition is subject to TSX Venture Exchange approval.

Upon closing of the Acquisition and assuming no further share issuances by New Found or Novo, Novo will own approximately 15.97% of the issued and outstanding shares of New Found and New Found will own approximately 3.73% of the issued and outstanding common shares of Novo. The Acquisition gives Novo a significant stake in yet another promising new gold field and, coupled with the Company’s recent investment in ASX-listed Kalamazoo Resources Limited (please see the Company’s news release dated January 14, 2020 -https://www.novoresources.com/news-media/news/display/index.php?content_id=376), further diversifies the Company’s passive exposure to potentially significant discoveries worldwide.

New Found is focused on exploring its wholly-owned Queensway project (the “Queensway Project”) located near the town of Gander, Central Newfoundland. The first hole from its late 2019 drill program (NFGC-19-01) on the Queensway Project intersected 92.86 g/t Au over 19.0 metres including 285.2 g/t Au over 6.0 metres. This intercept is near surface, starting at 96 m down hole depth. The true width of this intercept is estimated to be 70% based on drill core angles and correlation with historic drilling. The information in this paragraph and the next has been provided to Novo by New Found and has not been verified by Novo.

The Queensway Project comprises 85 km of prospective strike length with strong geological indications that much of the property falls within the prospective high-grade epizonal orogenic regime. In addition to the impressive gold intercept encountered in hole NFGC-19-01, historic work has yielded numerous high-grade surface rock chip and float samples along approximately 20km of strike length on the Appleton and JBP fault zones. An historic gold resource is situated approximately two kilometres from hole NFGC-19-01.

The Province of Newfoundland and Labrador is a favorable exploration and mining jurisdiction. The Province recently launched the “Mining the Future 2030” initiative which envisions five new mines, direct employment of a diverse workforce of more than 6,200 people, CAD $4 billion in annual mineral shipments, and CAD $100 million in exploration expenditures by 2030 (please see www.gov.nl.ca/releases/2018/exec/1102n05/ ) and bodes well for the future of the Queensway Project.

Eric Sprott, a director of Novo, currently holds 16.79% of the issued and outstanding shares of New Found immediately prior to the Acquisition. As such, New Found is considered a non-arm’s length party to Novo pursuant to TSX Venture Exchange policies.

Pursuant to the terms of the Acquisition, the Company also has the right to appoint a director to the board of directors of New Found at any time for a period of three years from the Acquisition Date provided that the Company holds no less than 10% of New Found’s issued and outstanding shares. The Company has also agreed to certain voting restrictions for a period of three years.

“We at Novo think the Queensway Project represents a very promising new high-grade gold discovery,” commented Dr. Quinton Hennigh, President and Chairman of Novo Resources. “It appears the Queensway Project encompasses an area highly prospective for high-grade epizonal orogenic gold mineralization. We are very pleased to have the opportunity to be part of this exciting discovery and, upon completion of the Acquisition, look forward to supporting New Found as they advance work around hole NFGC-19-01 and the many other high grade showings across the Queensway Project.”

“We are thrilled to welcome Novo as a significant stakeholder in New Found,” commented Collin Kettel, Executive Chairman and Director of New Found. “Following strategic investments in New Found by Eric Sprott and Rob McEwen last year, we are excited to receive further validation of our team’s discovery at the Queensway Project in Newfoundland. We look forward to working with Dr. Quinton Hennigh and the entire Novo team as we continue to advance the Queensway Project.”

The technical content of this news release has been reviewed and approved by Mr. Greg Matheson, P.Geo. Chief Operating Officer of New Found Gold Corp. Mr. Matheson is a "qualified person" as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

Trading Statistics

Feb 2020 1,620, 000 --- Daily 85,000 - TD sold almost 400,000 shares ,
- many sold by Flynn.
Jan 2020 822,000 --- Daily 22,000

The Jan. daily volume was probably typical of the daily volume for 2019.
In Feb 2020 , investors were accumulating shares .
The offers are thinning out , except for the panic selling to raise cash and sell some stock where there is liquidity and there are bids .
Remember , investors should sell their losers and ride their winners .

Why would investors leave the party when the excitement is just beginning .

The Q4 drilling results should be out this month .

Zonte Metals has a large treasury and Terry Christopher will be drilling at Cross Hills , Newfoundland for much of 2020 looking to prove the IOCG deposits .
The Dunns Mountain drilling results should be released in the second quarter of 2020.
Fasten your seat belts , this is what we are all waiting for ! The Cross Hills drilling results should generate the volume and increase the stock price per share .

As an aside , with legal battles , lawyers do not show their strategy . At Gramalote in Columbia , Zonte Metals may ultimately have a substantial monetary windfall. Both AngloGold Ashanti Limited and B2Gold Corp have acknowledged Zonte Metals issue ,

In the Yukon, let Victoria Gold produce 15,000 ounces monthly, as well as continue exploration close to the Zonte Metals border . McConnells Jest rises in value as Victoria Gold has good levels of Gold production .

Tery Christopher , you have built a nice portfolio of large scale potential properties.

There is a high probability that Zonte's stock price per share is in the top 10 percent of Canadian Junior mining exploration companies over the last year .

The past is the past . The future is very near and the future stock price has serious upside stock price potential .

THE STOCK PRICE DOWNSIDE IS MINIMAL AND THE STOCK PRICE UPSIDE IS SUBSTANTIAL !!!

Terry Christopher continue your excellent work and I am certain that 2020 will be an excellent year for Zonte Metals and the Zonte Shareholders will earn very large capital gains in 2020 and beyond .


Go Zonte Go !!!

I think i'll go watch the entire movie.....LOL...thanks for sharing agilebill.

Ron, I am not sure what I can say that is hopeful. I am just chilling at the moment. I may pick up a few more shares

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

ron, don't be alarmed at some negatives. After most investors had their heads handed to them in a basket last week, some fear and negative outlooks are normal.

Many are shell shocked. These are buying opportunities. You would think investors would be better prepared, RonS warned us about this 2 or 3 weeks ago.

RonS can't wait to hear what you find from PDAC