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Zonte Metals has discovered a new IOCG copper belt in NFLD at their Cross Hills project. Their MJ property in the Yukon borders Victoria Gold’s Gold Eagle mine and Victoria Gold has been exploring right up to Zonte’s border with their new Raven discovery. Zonte also holds disputed claims over the middle of the proposed open pit at B2Gold’s Gramalote project in Columbia
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Zonte Metals Outlines Two Large Drill Targets at the K10 Target, on its Cross Hills Copper Project.
December 12, 2024 – TheNewswire – Zonte Metals Inc. (TSXV:ZON)(XOTC:EREPF) (“Zonte” or the “Company”) is pleased to announce the advancement of the K10 target to drill stage.
Highlights :
- The identification of two large gravity anomalies which are spatially coincident high magnetics, elevated copper-in-soils and rocks, sitting in structural zones.
- The largest gravity anomaly measures 1100m by 400m and 750m depth. The anomaly is open along strike.
The Company has compiled all datasets over the K10 target area including magnetics, gravity, structural analysis, alteration and geological and geochemical data. The reprocessing of the geophysical data has outlined two large gravity anomalies that are spatially coincident with the magnetic anomaly in the target area. These gravity anomalies are also coincident with copper mineralization in bedrock, elevated copper-in-soils, and are aligned with interpreted structural zones.
https://www.stockwatch.com/News/Item/Z-C!ZON-3632523/C/ZON
Hi Terry Christopher, have a couple of questions for you,How much money is left in the till, are you thinking for a financing soon ?
Any talks going on in the data room for a partership with a major to speed up drilling in Newfoundland in 2025 ?
When will the next drilling program in Newfoundland take place and how many meters ?
Do you still have a strong interest to drill at MJ in the Yukon or you’re thinking of selling the land ?
Are you having talks presently with the justice department for a trial date in Colombia, it has been 3 years already ?
Maybe some shareholders have also questions to ask Terry !!!
Thanks
Have a nice week-end
Here is my chart from yesterday with comments“”Very interesting and bullish developments on the long term chart. There is strong support at 5
cents with only a brief dip below this when flow through funds dumped their stock last year. For
the most part, these funds are only invested for the tax break and just rotate money into new
finance deals. That long term support (black line) with the blue down trend line is forming a
wedge pattern that the stock will break out from. I have no doubt will be to the upside.The flow through funds are pretty much done selling. There was about 3 million flow
through shares that became free trading around mid September and their immediate selling
whacked the stock down from the 9 cent area to the current 6 cents. TD has also been a seller
last few months as quite a few retail investors bailed at the bottom here. Interesting is Raymond
James has been a big buyer, usually meaning U.S. buying. There might be a little fund share
selling left and we might see some tax loss sellers. Tax loss selling usually peaks around
December 15th, so between now and then is an excellent time to accumulate.””
This buying is cleaning up the market, there is some offers at 10 cents and then nothing:ZON Depth by Price @10:19:50 
Bid Ask Orders Size Price Price Size Orders 1 4,000 0.08 0.09 25,000 1 1 24,000 0.075 0.10 113,000 4 1 15,000 0.07 0.12 38,000 1 2 20,000 0.065 0.245 10,000 1 3 32,450 0.06 0.51 20,000 1 - You must be logged in to reply to this topic.
