zonte metals

Interesting, it would also be easier for Zonte in the legal case to negotiate with just one, another Canadian company.

www.kitco.com/news/2023-09-29/-Run-it-li...-sector-s-slump.html

B2Gold CEO, Clive Johnson comments on why they bought out AngloGold's Gramalote share.

He said Gramalote was never seen as a smaller potential mine because AngloGold Ashanti and B2Gold each needed to add around 200,000 ounces. That changed when AU asked if BTG would buy out its share.

"No one's ever looked at it and said what if we don't need 400,000 ounces to satisfy two companies? What if it's 200,000 oz a year for a single company, which would be in our wheelhouse."

"We believe that if we look at it as a smaller project there's a higher-grade core in Gramalote and therefore can we drop the capital dramatically, build a smaller mill, have less of all expenses, lower our actual environmental footprint there as well."

The company plans do an updated PEA in 2024 to determine if it can be a profitable smaller mine.

ron, I have always had a position, sometimes I lighten up and sometimes add back in a bit heavy. Just reduce risk by taking some profits on up moves.

They will have no trouble moving the drill on the ground. In fact the road/trail goes right through the K6 target.

Gold is really moving, the gold producers will soon start moving up and then later the juniors will climb onboard.

Welcome back Hoss, was wondering if you were trading Zonte or you have a long term buy and hold position, I have been buying also when the stock started to plunge under $0.10,

it's a big disgrace to see the share price so low, hoping it settle soon around $0.16 - $0.19 again,

with muddy ground in the fall season, I imagine they'll transport the drilling equipment by helicopter, can you enlighten me on that, thanks ?

Do you have the depth GoldnBoy, thanks ?

Yup, I am back. Been holding quite a bit of cash and starting to ease back into miners. Picked up a good position under $0.05 in past couple weeks.

Thinking timing should be good with a real low price and drilling to start, Could easily make 10 to 20 times on a good drill hit, even in this market

Depth is looking better

October 19, 2023 TSXV: ZON

Zonte Metals Inc (TSXV: ZON) (“Zonte” or the “Company”) is pleased to announce recent additional soil data results from the K6 target on its Cross Hill Copper Project, in Newfoundland and Labrador.

Terry Christopher, President and CEO comments, “The recent soil data has confirmed a copper-in-soil anomaly coincident with numerous other datasets within the K6target area. The K6 target was previously drilled in 2019 when two drill holes tested magnetic and gravity geophysical highs, which sit north of the newly define drill target. Drilling at several targets in the Cross Hills Copper Project, between 2019 and 2020, focused exclusively on geophysical anomalies. While high-grade and long intervals of fracture-controlled copper mineralization was discovered in drill core, the Company made a strategic decision to suspend drilling and focus on gaining a more comprehensive understanding the mineralizing system to better define drill targets. To this end, since 2020, numerous additional exploration programs have been conducted, and drill locations in the upcoming drill program at K6 will be derived from an integrated interpretation of multiple datasets. The new K6 target area represents the first site to be drill-tested since 2020, positioned approximately 200-300 meters to the south of the previous two drill locations. The dataset for the K6 target is presently being modelled to help define drill locations, which will be followed by drilling.”

www.zontemetals.com/press-releases/zonte...-target-for-drilling

Agree alexgreat, bought more under $0.05, it's a great opportunity, might be the last time ever we witness those low share prices.

Could Terry Christopher take the decision to drill this winter instead, the ground will be muddy in a few weeks ?

Just a test post to see if email alert is functioning

I will bet the stocks is 10 cents or more by end of November Buy now buy cheap

A better question might be who bought the 6.5 million shares? There was a bid for 1 million. What did this person know or see?

Cricket, I got some shares too at 3 cents, but no big quantities

Pasta, there has been a lot of volume since September, about 6.5 million shares. The stock has never traded near this volume over such a short period. I would guess a lot of those sellers have already sold. Typical panic selling at a bottom.

I agree ZON needs to make a discovery. Lets see what this coming drill program does?