PerseusLtd wrote: Zonte Metals discovers a second gravity anomaly and commences drilling at the Cross Hills IOCG project.
Zonte Metals begins drilling at Cross Hills
2019-10-29 16:09 ET - News Release
Mr. Terry Christopher reports
ZONTE METALS DISCOVERS A SECOND GRAVITY ANOMALY AND COMMENCES DRILLING AT THE CROSS HILLS IOCG PROJECT.
Zonte Metals Inc. has discovered a second large gravity anomaly and has begun drilling at the K6 target on its Cross Hills IOCG (iron oxide/copper/gold) project.
The recently completed gravity survey was carried out over two separate areas: a southern block covering the K6 and K8 areas and a northern block covering the high-priority Dunns Mountain target-Carols Hat area. As press released on Oct. 8, the company announced the discovery of the K6 gravity anomaly. Additional processing and three-dimensional inversion modelling of the data has identified a second anomaly on the southern block called the K7 target, sitting 1.7 kilometres south of the K6 target.
The K7 gravity anomaly, which sits adjacent to a strong magnetic high, is located approximately 130 metres below surface and appears to be a cohesive target extending vertically. Additional work will be required in this area to help better define the full extent of the target. Outcrop exposure is limited in the target area; however, IOCG characteristics of the rock units, including potassic, calcic and sodic alteration, are observed in an altered porphyritic unit. One single line of deep penetrating induced polarization/resistivity (IP) surveying was performed over the gravity target and showed an increase of chargeability and resistivity in direct correlation with the gravity response. A reconnaissance mobile metal ion (MMI) soil sampling program was also performed in the area. A total of 15 samples were collected despite the lack of quality sites. The results returned elevated copper near and around the K7 gravity and IP anomaly. Additional results, including those from the Dunn's Mountain area, will be released once data processing and interpretation has been completed.
The company is also pleased to announce drilling has commenced at the K6 target. As noted in the Oct. 8, 2019, press release, the program will test the strong gravity response which sits just below and adjacent to the strong magnetic anomaly. The K6 target exhibits typical IOGC-related geophysical signatures, IOCG-related alteration and spatially related copper mineralization at surface.
The company would like to acknowledge Newfoundland and Labrador for its financial support through the junior exploration assistance program exploration for work performed on the Cross Hills property.
Qualified person
Dean Fraser, professional geoscientist, is the qualified person as defined by National Instrument 43-101 and has reviewed and approved the contents and technical disclosures in this press release.
Soil sampling protocol
Quality assurance/quality control (QA/QC)
MMI soil samples were collected in a careful and diligent manner using scientifically established sampling practices designed and tested to ensure that the results are representative and reliable. Samples are tagged and sealed prior to being shipped by SGS Laboratories, which is an independent and accredited full-service commercial laboratory accredited to ISO/IEC 17025.
About Zonte Metals Inc.
Zonte is a junior explorer focused on gold and copper. The company owns 100 per cent of the McConnells Jest project, in the Tintina gold belt in Yukon, and the drill-ready Wings Point gold project in Newfoundland. It also has an option to acquire 100 per cent of the Cross Hills IOCG project in Newfoundland.
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