Ron Struthers

Zonte Metals Announces It Has Extended The Big K Target and Updates Drilling On Its Cross Hills Copper Project.
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2024-08-07 06:30 ET – News Release

(via TheNewswire)

August 7, 2024 – Halifax, NS, Canada – Zonte Metals Inc. (TSXV: ZON) (“Zonte” or the “Company”) is pleased to provide an update on  its ongoing exploration program at the Cross Hills Iron Oxide Copper Gold Project.

Additional soil sampling conducted adjacent to and south of the previously discovered Big K target, has extended the copper-in-soil anomaly to over 3km. The Big K target was previously identified from coincident magnetic and gravity anomalies, with bedrock copper mineralization and a copper-in-soil anomaly, sitting is a structural corridor. The additional soil sampling to the south of the Big K target has identified an extension of the original copper-in-soil anomaly, now measuring 3,300m in length and up to 650m in width. This extended length also coincides with a magnetic anomaly, which is defined as a string of magnetic highs through the target. Further exploration, including a gravity survey, prospecting and mapping, will be required for this new extension .

Previously, the Company identified copper mineralization in several locations on the northern half of the Big K target. In one grab sample, chalcocite veining in a granite capping unit returned 2.82% Cu, 10.0 g/t Ag and 0.17% U3O8 (see April 3, 2018 press release). The nature of the mineralization may suggest fluid remobilization from depth and into the overlying granite. A map of the Big K target and a picture of the chalcocite vein can be viewed below and on the Cross Hills webpage at   http://www.zontemetals.com/projects/cross-hill-project

(via TheNewswire)

August 7, 2024 – Halifax, NS, Canada – Zonte Metals Inc. (TSXV: ZON) (“Zonte” or the “Company”) is pleased to provide an update on  its ongoing exploration program at the Cross Hills Iron Oxide Copper Gold Project.

Additional soil sampling conducted adjacent to and south of the previously discovered Big K target, has extended the copper-in-soil anomaly to over 3km. The Big K target was previously identified from coincident magnetic and gravity anomalies, with bedrock copper mineralization and a copper-in-soil anomaly, sitting is a structural corridor. The additional soil sampling to the south of the Big K target has identified an extension of the original copper-in-soil anomaly, now measuring 3,300m in length and up to 650m in width. This extended length also coincides with a magnetic anomaly, which is defined as a string of magnetic highs through the target. Further exploration, including a gravity survey, prospecting and mapping, will be required for this new extension .

Previously, the Company identified copper mineralization in several locations on the northern half of the Big K target. In one grab sample, chalcocite veining in a granite capping unit returned 2.82% Cu, 10.0 g/t Ag and 0.17% U3O8 (see April 3, 2018 press release). The nature of the mineralization may suggest fluid remobilization from depth and into the overlying granite. A map of the Big K target and a picture of the chalcocite vein can be viewed below and on the Cross Hills webpage at   http://www.zontemetals.com/projects/cross-hill-project

The Company is also pleased to announce the completion of the recently announced drill program at the K6 target. Five drill holes tested additional extensions of the previously drill discovered copper mineralization. Drill hole logging is near completion after which the samples will be delivered to the lab.

<b>AI generated from – What are the positive and negative effects of the Biden administrations economic policies and what are the positive and negative effects of Donald Trumps economic policies?</b>

<b>Biden Administration Economic Policies</b>

Positive Effects:

1. Stimulus Packages and Direct Aid:

– The American Rescue Plan Act (ARPA) provided direct payments to individuals, expanded unemployment benefits, and offered aid to businesses and local governments, helping to stabilize the economy during the COVID-19 pandemic.

2. Infrastructure Investment:

– The Infrastructure Investment and Jobs Act aims to rebuild and modernize transportation networks, utilities, and broadband infrastructure, potentially boosting long-term economic growth and job creation.

3. Climate Initiatives:

– Investments in clean energy and green technologies are designed to combat climate change and create new jobs in renewable energy sectors.

4. Child Tax Credit Expansion:

– Expanding the Child Tax Credit has helped reduce child poverty and provided financial relief to families.

Negative Effects:

1. Increased Government Spending and Debt:

– Significant increases in government spending have raised concerns about the national debt and potential long-term fiscal sustainability.

2. Inflation:

– Increased spending and supply chain disruptions have contributed to higher inflation rates, affecting the cost of living and eroding purchasing power.

3. Tax Increases:

– Proposed tax increases on corporations and high-income earners could potentially discourage investment and reduce economic growth.

4. Regulatory Changes:

– Increased regulation, particularly in the energy sector, may raise costs for businesses and consumers.

<b>Trump Administration Economic Policies</b>

Positive Effects:

1. Tax Cuts and Jobs Act:

– The 2017 Tax Cuts and Jobs Act reduced corporate and individual tax rates, which proponents argue spurred economic growth, increased business investment, and boosted consumer spending.

2. Deregulation:

– Efforts to reduce regulatory burdens were intended to foster a more business-friendly environment, potentially stimulating economic activity and job creation.

3. Trade Policies:

– Renegotiation of trade agreements, such as the USMCA, aimed to create more favorable conditions for American workers and businesses.

4. Pre-Pandemic Economic Growth:

– Prior to the COVID-19 pandemic, the U.S. experienced strong economic growth, low unemployment rates, and rising wages.

Negative Effects:

1. Trade Wars:

– Imposing tariffs, particularly on China, led to retaliatory measures and disrupted global supply chains, increasing costs for American businesses and consumers.

2. Tax Cuts and Deficit:

– While the tax cuts stimulated growth, they also contributed to increasing the federal deficit and national debt.

3. Environmental Deregulation:

– Rolling back environmental protections raised concerns about long-term environmental damage and public health risks.

4. Economic Inequality:

– Critics argue that the benefits of tax cuts and economic policies were disproportionately felt by the wealthy and large corporations, potentially exacerbating income inequality.

Both administrations implemented policies with significant impacts on the economy, and the effects can be viewed differently depending on economic perspectives and priorities.

It is not fair to include the Covid-19 meltdown and strong recovery when comparing the results of Trump and Biden, so I thought to be most fair would be to look at the first three years of each term. This eliminates the meltdown of 2020 and some of the sharp recovery from it.

<b>Stock Market</b>, under Trump in the first 3 years (Jan 1 2017 to Jan 1 2020) the S&P went from 2,250 to 3,225 up 43% and under Biden (Jan 1 2021 to Jan 1 2024) from 3,700 to 4770 up 29% so the stock market did better with Trumpnomics

<b>GDP Growth</b>, under Trump in $billion from 2016 at $18,805 to 2019 at $21,521 up 14.4%. With Biden from 2020 $23,323 to $27,356 an increase of 17.3%. Biden had the benefit of a strong rebound from a depressed 2020 GDP number so I am going to say on GDP growth about even.

<b>Unemployment</b>, under Trump the rate fell from 4.7% to 3.6% while under Biden the rate went from 6.3% to about 3.9%. Again Biden benefited from the 2020 Covid recovery but even still Trump ended with a slightly lower unemployment number so I call Trumpnomocs a small winner here.

<b>Inflation</b>, under Trump it was pretty stable from 2.1% to 2.3% but it soared under Biden from this level to over 7% and ended 2023 about 3.4%. Trumpnomics is a clear winner here.

<b>Interest rates (Fed Fund rate) </b>, under Trump from 0.75% to 1.75% and under Biden from 0.25% to 5.5% so Trumpnomics is a clear winner here.

<b>Deficit to GDP ratio, </b>under Trump it went from 3.4% to 4.6% and under Biden it soared to 11.8% in 2021 and currently 6.2%. Biden got penalized some with the Covid-19 pandemic but also consider Biden had a little better GDP, Biden clearly way over spent that was also a contributor to inflation, so Trumpnomics is a clear winner here.

<b>Crime (murders.100,00), </b>Under Trump there was a slight improvement from 5.6% to 5.2%. It soared to 6.8% in 2020 with Covid-19 policies but has been elevated under Biden at over 6% and 6.3% in 2022. Trumpnomics is a clear winner here.

<b>Balance of Trade</b>, under Trump the deficit was around -$45 to -$50 billion. It increased some in 2020 and hit a high of -$101 billion in March 2022 and remains high under Biden at -$65 to -$75 billion of late. Trumpnomics a clear winner here.

<b>Health Care Spending, </b>under Trump in constant 2022 dollars (eliminates recent high inflation) it had increased and under Biden the spending decreased. It looks like Trumpnomics is a winner here but I think there was too much distortion from Covid-19 so am not saying either is better.

<b>Border Control</b>, this one I looked at in a previous report and Trump is a huge winner here. The NY Times tried a counter argument to this by claiming the crime rate with immigrants is not any higher and in fact lower. They are correct but they are misleading because the problem is with<b> illegal </b>immigrants not the legal ones. In many cases they are illegal because they are criminals.

Consumer Spending, under Trump spending was around 2.6% and there was a big negative number in 2020 and the big rebound in 2021. Under Biden in 2022 it was up 2.5% and 2.6% in 2023 so there is no clear winner here.

<b>Consumer Confidence</b>, under Trump the index went from about 100 to almost 140 and was around 130 before Covid-19 hit. Under Biden it rebounded in 2021 to around 130 and has been down hill ever since around 110 and lower. This is mostly from high inflation and interest rates, so Trumpnomics a clear winner here.

Industrial Production, under Trump the index climbed from 99 to 104 ending around 102 before Covid-19 hit. It plunged to 86 and eventually recovered to 99 in 2021 under Biden. In 2023 it has been around 103 so there is no clear winner here other than Trumpnomics did see a decent increase.

<b>Conclusion</b>

When I started this comparison, I did not have any idea what the actual numbers would be, but I knew Trumpnomics would surely be a winner in a few like crime, inflation and interest rates. I was surprised how much better Trumpnomics did in so many categories. In fact Bidenomics was only able to hold about even in 4 areas while Trumpnomics was a big winner in 7 areas and Bidenomics in none.

I was surprised how much better Trumpnomics did and I bet most will be. I think the legacy media and social media is in so much control of the left (Democrats) you mostly hear how good Biden is and how bad Trump is that it masks the truth. Like I always say, ‘<b><i>numbers don’t lie but politicians do</i>'</b>