zonte metals

Here is depth

Gambler wrote: According to the marker, it reads hole # 6 so a continuation from last drill program hole 5. I suspect drilling is just starting and will soon see news.

Trading quite, GB, do you have depth

Will the truth machine give us extraordinary results before 2020,time will tell.
Drill baby drill !

According to the marker, it reads hole # 6 so a continuation from last drill program hole 5. I suspect drilling is just starting and will soon see news.

Trading quite, GB, do you have depth

I doubt it. We will probably see a news release saying "a drill program start months ago"

Flynn, how you know that Drilling has started ? I don't saw a Drill on that picture ? In my opinion they are ready, but it hasn't started. We will first see a News about the Start

flynn wrote: if you look on Instagram. Pic was posted yesterday. Drilling has started,
"Ready To go"

Here's the link,

www.instagram.com/zontemetals/?hl=en

if you look on Instagram. Pic was posted yesterday. Drilling has started,
"Ready To go"

Good point GoldnBoy,wondering how many holes they will announce and how much time they will take to drill,2 to 3 weeks,would be surprise to see results before year end ?

Thanks RonS, i meant ...

"announcing results......that could move the share price above the red line"

In the last news release,they stated that they wanted to start drilling in october,so next week,we could see some news.

Agree, need the drill results. AMX went from 20 cents to $1.50 in about a month on good drill results, that is what we would need to get over $1.00

Maybe we get the spectacular hole that can come from IOCGs and the stock goes way higher, but that might not happen on the 1st one or two holes before year end?

Only time will tell

ron wrote: thanks RonS for the explanation,you should keep that response in a future report,or maybe you already did in a past report,i remember you wrote about this issue before,are you confident to see zonte announcing results next week that could go above the red line in a significant matter,for that to happen,results need to be exceptional,maybe they will be ?

I think to really move the needle, we need drill results. So the question is when will drilling start? Will there be results before year end to help contestants?

Colombia news could also move the needle

3rd if gold took off to over $1600, maybe that would finally put life into juniors. The producers are still way under valued as per my new pick LMC

Hoss wrote: Ron excellent find, this looks real good. The daily cloud chart is still bullish but not yet confirmed on a weekly chart

let's hope it's confirmed next week,so we can start dreaming again..lol..

the great predictions for the high of zonte in 2019

there will be more than one hole on cross hills,so the high of the year could be determined in the late months of 2019,it could be the most interesting year,

who will win the 2019 contest,the most pessimistic CIMA at $0.69 or the most optimistic Iwtfu005 at $16.50 ?

5 under $1 or even
CIMA $0.69
golfdub1 $0.70
Flynn $0.85
davplan $0.98
Gold Fever $1.00

4 under $2 or even
415 $1.35
Hugo123 $1.50
PerseusLtd $1.85
Big Donald $2.00

5 under $3 or even
WealthyPlumber $2.10
inimus $2.30
Gambler $2.50
Pasta $2.65
GoldnBoy $2.80

5 under $4 or even
kwilson17 $3.25
JimB $3.45
itnsk $3.65
luck $3.77
howlem2 $4.00

3 under $5 or even
hootie87 $4.25
DearJohn $4.27
Hoss $5.00

3 under $6 or even
mozrep $5.50
tonyk $5.65
Dreamer $6

3 under $7 or even
RonS $6.50
kalen9999 $6.55
Kaiser $7.00

2 under $8 or even
JunglistGuy $7.25
lynnsa10 $7.90

1 under $9 or even
agilebill $8.10

2 under $10 or even
alexgreat $9.50
ron $9.99

1 under $11 or even
dtangen $10.85

1 under $12 or even
meguma $12

1 under $17 or even
Iwtfu005 $16.50

total of 36 participants in 2019
the most pessimistic: CIMA
the most optimistic:Iwtfu005

the prize from RonS
That is the excitement of junior exploration,one drill hole can completely change a company.I will also offer the same reward for this year contest,one year added to your newsletter subscription or $150 dinner voucher for life timers.Rules are simple,whoever is closest to the highest trade printed on the ticker in 2019.

the reason why RonS has a $6.50 target in 2019
My optimistic guess is $6.50 for the high, probably no better than any ones prediction but here is my reasoning.
It is hard to imagine a better mining market and higher gold prices after what we have just been through in 2018, but often the market improves after such a downturn and I believe we will see gold prices in the $1300 to $1500 range in 2019 when it becomes more evident the Fed will have to ease again or at least halt the tightening cycle.

I have been to Cross Hills and looked a lot into these IOCG systems and I am convinced there will be a discovery. Pasta mentioned just some magnetic surveys and normally that is not such a big deal but in IOCG it is. Iron Oxide is iron, it is magnetic so responds well to these surveys, not so in other systems.

The iron oxide veins on surface are magnetic, I used a magnet myself, a very simple principle. On surface they carry copper, that is what makes these deposits valuable compared to just an iron ore deposit. The magnet surveys show strong magnetic intensity deeper below the surface, it is a no-brainer that the iron oxide is concentrated down deeper and like the surface showing has copper.

And veining above is very typical of these systems. There is very little experience and knowledge about these in Canada and is probably the main reason Zonte is overlooked thus far.There is no doubt in my mind that this will be a discovery with iron, copper and some PMs, the question is the grade?

After some drill holes and we have an average grade of say 0.25% copper, it still might be economic, but will not get much love. If the grade is .3 to .35% that we see in many other copper deposits, this is going to get some serious attention.

IOCGs are known for better grades in general and if this turns out to be 0.5% to 1% copper it is going to be a whopper. And OMG if it is above 1%. Don't forget unlike porphyry systems where the other 99% of the rock is waste, in an IOCG, the 20% to 40% that is typical iron oxide also has value, it is not waste rock. There should be silver and gold credits as well.

It seems $5 is kind of a top speculative target with many juniors like we saw with Garibaldi. That said, with higher gold prices, I believe the pressure will intensify on Anglo to settle with Zonte in 2019 so they can move Gramalote to production.
Given not so great a market, it is still a $50 to $100 million settlement which is another $1 to $2 per share, hence when added to $5 my $6.50 guess!!!!!!!!!