zonte metals

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.

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

meguma wrote: I do, about 20% of what I accumulated 2015-2017.

Have been accumulating since the RonS recommended the stock, never sold one share and holding 100%, hope you'll do well meguma, if you want to buy more, it's the time, as RonS mentioned, once Zonte announces the start of the drill program, we're going back to $0.20,

flynn should remember what Rick Rule likes to say, when the stock you like goes down, be happy and buy it cheap again...lol...

Little comeback today, bought a small 2000 shares at $0.09 and Anonymous is still pushing the stock down,
someone at Desjardins saw a great deal at $0.085 and bought the all package this morning, too bad for the one who's selling at a loss, this stock shouldn't be trading under $0.20,
we need strong institutional bids to move it higher, it will come this year, let's be optimistic, as GoldnBoy stated,

Time to buy low!!!!!!!

I do, about 20% of what I accumulated 2015-2017.

Here is depth, not many sellers until a bit at 12 cents

I was looking at the recent financial statements and management did not take any pay in 2022 (fiscal year ending Jan 31, 2023). Very impressive. Here are the relevant notes

"Included in amounts due to related parties as at January 31, 2023 is $1,102,975 (2022 – $922,975) payable to the CEO, related to a long-term deferral agreement and included in long-term liabilities and $nil (2022 –$10,000) related to current amounts due and included in current liabilities.

Included in amounts due to related parties as at January 31, 2023 is $435,250 (2022 – $363,250) payable to a company controlled by the CFO, including $435,250 (2022 – $337,450) related to a long-term deferral agreement and included in long-term liabilities and $nil (2022 – $25,800) related to current amounts due and included in current liabilities. "

I spoke to Terry some time back and he indicated that he would probably eventually convert to stock, but not at these low prices. I think the stock was between 15 and 20 cents at that time.

Markets and stocks go up and down, and most everything resource wise is down right now. Time to buy low!!!!!!!

I'm on the bid at $0.08 with a small 2500 shares, buying low is good for everyone, not only for me flynn...lol...

Have to admit that I'm very disappointed that there aren't more strong bids.