zonte metals

alex, a lot of experts see the copper shortage coming. Zonte's timing of a discovery could just be perfect

Friedland warns of a train wreck

“We’re heading for a train wreck here,” the founder and executive co-chairman of Ivanhoe Mines Ltd. said in an interview at Bloomberg’s New York headquarters. “My fear is that when push finally comes to shove” copper can go up 10 times.

Friedland, who made his fortune from Canadian nickel and is behind massive copper finds in Mongolia and the Congo, has long championed the importance of the metal used in everything from wires to weaponry. Some analysts share his concern about a looming copper crunch, but consensus is for far more gradual price gains in the coming years.

www.bnnbloomberg.ca/billionaire-miner-fr...ply-stalls-1.1938109

Ya things quiet with all the juniors. Saw this today

The CEO of gold miner Newcrest (AUX:NCM) said regulators need to urgently fast-track approvals for mines of key transition metals, adding we need 17 new Escondidas (the world’s largest copper mine) to meet demand by 2050.

Good trade Gambler, long time it has been yes, hoping the trial will be held in 2023 with a great victory for Zonte,
guessing we can expect a news release soon, the start of the 2023 drill program should be announced, also, wondering if someone is interested and already called Terry to discuss a partership for the Yukon project, Terry will be busy in 2023, btw, where's Hoss, it has been a while ?

Everything involving government takes a long time. Waiting on GRB for government as well. Bought some more ZON on the dip. Copper is down about 50 cents from the January highs but still at very good prices.

Wondering why it's taking so long before the announcement of a trial date in Colombia.

Here is the link
www.mining.com/charts-copper-mining-prof...e-are-the-new-mines/

A recent presentation by S&P Global Market Intelligence mining and metals team featured a couple of graphs that crystalize the fundamental challenges facing copper mine supply.

Mitzi Sumangil, associate analyst at the US-based research firm, presented a graph showing the yawning gap between copper mining companies’ profits and capital spending.

Despite two consecutive years of bumper topline earnings north of $100 billion, expansion budgets haven’t budged, hovering in the early double digit billions. Barely more than 12% of ebitda, versus a long term average of more than double that.

We need stronger bids, where are they, last trade at $0.075 ?

GB, they must follow us here as all the other trading platforms put up offers at 10 cents just after your update

It was IROC that halted it. Anyway, here is depth, not much volume but nothing for sale until $0.29

JimB wrote: Halt on Zonte pending news! What could it be? Something in Yukon? Or S. America?

Was thinking the same thing, thought it was a bigger news release, a partner for the Yukon project or a court day in Colombia.

Here is the news, looks excellent

June 6, 2023 – TheNewswire -Zonte Metals (TSXV:ZON is pleased to announce the discovery of two large gravity anomalies at the K10 target, on its Cross Hills Copper project in Newfoundland, each anomaly spatially coincident with copper mineralization.

Terry Christopher, President and CEO comments, “The K10 area comprises of the previously discovered K10S and K10N targets. These targets are defined by copper in bedrock, coincident Cu-in-soil anomalies sitting in significant alteration zones. The recent gravity survey was completed over the large K10 area and has resulted in the discovered of two large residual gravity anomalies, one at each the K10S and K10N targets. These gravity anomalies measure 1300 by 400m and 1800 by 500m for K10N and K10S, respectively. The K10N anomaly is potentially open along strike at both ends, while the K10S residual gravity signature is the strongest discovered on the project to date. These targets will be further advanced to drill stage with the completion of detailed geochemical surveys and a magnetic survey. With these targets Zonte now has six targets that are near or at the drill stage.”

The two residual gravity anomalies discovered at the K10 target are coincident with the previously discovered copper-in-bedrock and copper-in-soil anomalies. The K10 target area has only been partially covered with ground magnetic surveys, however, where completed the K10N is coincident with magnetic highs while the K10S target is coincident with a change in the magnetic signature, where the signature changes from strong to moderate. This magnetic signature change may be related to magnetic destruction caused by hydrothermal alteration that could signify sulphide precipitation. Images of the K10 residual gravity anomalies can be found below and at the Company’s webpage where a more detailed project presentation is posted www.zontemetals.com/projects/cross-hills-copper-property

The K10 anomalies are located within a larger 4 by 6 km area that hosts numerous targets including K6, K6S, K7, K8 and K9 targets. The Company is continuing to advance these targets as it works to better define the newly discovered K6S target for drilling. Results dependent, both K6 and K6S will be drilled in the same upcoming drill program. The K6 drill permit is in hand. Sampling over the new K6S target is completed and the Company is awaiting results.