Zonte Video - February 19, 2024

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4 years 11 months ago #122664 by GoldnBoy
GoldnBoy replied the topic: zonte metals
edging higher
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4 years 11 months ago #122663 by ron
ron replied the topic: zonte metals

WealthyPlumber wrote: Awesome drill news, as Ron pointed out $1790 rock. A couple good buy orders and I think we will make a new high today.

Go ZON Go!!!


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!!!!!!!!!

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4 years 11 months ago #122662 by WealthyPlumber
WealthyPlumber replied the topic: zonte metals
Awesome drill news, as Ron pointed out $1790 rock. A couple good buy orders and I think we will make a new high today.

Go ZON Go!!!

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4 years 11 months ago #122661 by 31Floors
31Floors replied the topic: zonte metals
Added to my Zon position today, thanks Ron! Way to persevere.

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4 years 11 months ago #122660 by Gambler
Gambler replied the topic: zonte metals
Buying coming on US side too OTC:EREPF

Volume 87k

www.stockwatch.com/Quote/Detail.aspx?symbol=EREPF®ion=U

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4 years 11 months ago #122659 by DearJohn
DearJohn replied the topic: zonte metals
I am very pleasantly surprised. 15% copper and there has to be more. Lets see if last 2 holes get any hits. This is just very early days and not only does Zonte have a discovery but controls a large land position in what will surely become a new copper/gold belt

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4 years 11 months ago #122658 by Gambler
Gambler replied the topic: zonte metals
awesome drill numbers, looks like RBC went short again, trying to cover what they sold at .285

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4 years 11 months ago #122657 by GoldnBoy
GoldnBoy replied the topic: zonte metals
Ron. nice charts here is depth
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4 years 11 months ago #122656 by RonS
RonS replied the topic: zonte metals
Here are the technical charts from the other newsletter yesterday



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4 years 11 months ago #122655 by lynnsa10
lynnsa10 replied the topic: zonte metals
Here is a pic of the drill core

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4 years 11 months ago #122654 by PerseusLtd
PerseusLtd replied the topic: zonte metals
Nice section
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4 years 11 months ago #122653 by GoldnBoy
GoldnBoy replied the topic: zonte metals
Wow what a spectacular high grade hit, did not expect this high, here is full release from news wire. The drill table did not come through right

HALIFAX, April 23, 2019 /CNW/ - Zonte Metals is pleased to announce initial, partial results from its recently completed phase 1 drill program at its Cross Hills Iron Oxide Copper Gold project (IOCG) on the island of Newfoundland and Labrador. The program was conducted on the Dunns Mountain target and consisted of five drill holes designed to test various geophysical variabilities in order to ascertain possible relationships with copper mineralization. Drill hole CH-19-004 intersected significant visual copper mineralization and a select number of samples were expedited for assaying, which are reported below.

Highlights

14.0% Cu, 15.8 g/t Au and 352 g/t Ag within a 0.43 m interval sitting in a 2.76 m interval which averaged 2.89% Cu, 2.65 g/t Au, 73.3 g/t Ag.
Fertile IOCG system potentially represents the early stages of defining a new copper belt in Canada.
Planning for a phase 2 drill program is underway and program expanding.
"This is an exciting new discovery for Zonte Metals, adding to our growing portfolio of large-scale mineral opportunities. Early indications show a discovery that has all the geologic signatures of a copper-rich fertile IOCG target and possibly a new copper belt in Canada. The Company controls 25 kilometre strike length of the belt with the Dunns Mountain target located at the northern end. In light of these results Zonte will increase its exploration and drilling program at Cross Hills." states Terry Christopher, president and CEO of Zonte Metals.

Drill hole CH-19-004 was set-up to test the eastern side of the Dunns Mountain magnetic anomaly, aiming to pass under the magnetic high, in the 'transition' from high to moderate magnetics. This was the only drill hole targeting the transition zone in the magnetic profile. A number of discrete visually mineralized intervals were noted throughout a 70 metre interval, between 168 and 243 metres, sitting directly below a magnetic high. The hole was initially drilled to a depth of 204 metres and later deepened to 283 metres when copper mineralization was discovered in the last metre of core. The most significant visual mineralization was intercepted between 168 to 170.76 metres which included a 0.43 metre interval of massive to semi-massive bornite and chalcocite returning 14.0% Cu, 15.8 g/t Au and 352 g/t Ag. The 2.76 m interval averaged 2.89% Cu, 2.65 g/t Au, 73.3 g/t Ag. The expedited results are highlighted in the table below. A number of other intervals were expedited for assay and listed in the table as well.

*Note. The true width of the mineralization is indeterminate at this time. The mineralization occurred mostly as disseminations and veins with the later showing multiple directions with respect to the core axis, including along, oblique and perpendicular to the core axis. **Note; Bo = bornite, cc = chalcocite, cpy = chalcopyrite, mal = malachite, az = azurite and mag = magnetite.

Copper mineralization observed in the above noted intervals occurred as massive to semi-massive veinlets and disseminated bornite and chalcocite (with minor malachite and azurite) and weakly disseminated chalcopyrite. Mineralization between 168 – 170.76 metres occurred in two phases. The initial phase contained disseminated bornite and chalcocite within magnetite and epidote alteration. This was later overprinted by heavily disseminated to semi-massive and massive bornite and chalcocite associated with ankerite and magnetite. Potassic alteration, noted as biotite, sercite and k-feldspar, was spatially associated with the mineralization. The weakly disseminated chalcopyrite hosted in potassic breccias sits 'down-hole' from the above noted and the relative relationship is unknown at this time. A drill hole map and select pictures of the mineralization can be seen at the Company's webpage; www.zontemetals.com .

Results for CH-19-001 and 002 have also been received with results showing narrow anomalous values. These two holes targeted magnetic highs on the northwest corner of the Dunns Mountain target. Drill hole CH-19-004 was the only drill hole aimed at targeting the transition, or outer zone, adjacent to the magnetic high on the western side of the target. This drill hole passed under a magnetic high where the intervals of mineralization were intersected. Geophysical and geochemical surveys will be carried out prior to the next phase of drilling. Results from the remaining phase 1 drill holes will be reported when received.

The IOCG potential of the Cross Hills project area was documented in a 2007 Geological Survey of Canada publication. Despite that recognition, Zonte, which controls a 25 kilometre strike length in the belt, is the first company to conduct a concerted exploration and drill program to test the potential. The Dunns Mountain target is the first of multiple targets to be drilled. The phase 1 drill program tested a portion of the magnetic anomaly and variable relationships in the data set. The initial success with the discovery of copper mineralization in drill hole CH-19-004 suggests the Cross Hills Project is a fertile IOCG system, and potentially represents the early stages of defining a new copper belt in Canada. Drill hole CH-19-004 discovered copper mineralization sitting peripheral to the magnetic high. The discovery in drill hole CH-19-004 will be followed up in phase 2 drilling. In preparation for phase 2 drilling at Dunns Mountain, additional geophysics will be carried out including ground magnetics, Induced Polarization (IP) and a gravity survey to first define the area to be tested around drill hole CH-19-004 and secondly aim to identify additional targets along the periphery of the magnetic anomaly. These surveys will also cover the anomalies 2.5 km to the south in the Carols Hat target area. In addition, the Company will complete a deep penetrating IP and gravity surveys, over the K6 target in preparation for phase II drilling. The K6 target sits 12 kilometres south of Dunns Mountain.

Qualified Person
Dean Fraser, P.Geo. is the qualified person as defined by NI 43-101 and has reviewed and approved the contents and technical disclosures in this press release.

Rock and Protocol and Drill Sampling Protocol
All 2019 drill core samples were collected carried out in a careful and diligent manner using scientifically established sampling practices designed and tested to ensure that the results are representative and reliable. All drill core was logged and prepared for shipment on site and shipped to AGAT Laboratories in St. John's by Zonte personnel. QA/QC included the systematic insertion of certified standards and blanks. Samples were described, photographed, tagged and sealed prior to being transported to AGAT where the samples were analyzed for the 201-070 package (44 element 4 acid leach, ICP-OES finish) and the 202-551 package for gold (a 50 gram Fire Assay Au finish). AGAT is an independent, reputable and accredited full-service commercial laboratory; accredited to ISO/IEC 17025:2005. AGAT also provides its own internal QA/QC protocol of blanks, duplicates and standards in each work order, which is supplied to the Zonte with the rock sample analysis.

About Zonte
Zonte Metals Inc. is a junior explorer focused on gold and copper. The Company has signed Option Agreements to acquire 100% of the McConnells Jest project, in the Tintina Gold Belt, located in the Yukon Territory and the Cross Hills IOCG project located in Newfoundland and holds a 100% interest in the drill ready Wings Point Gold Project also located in Newfoundland. In addition, the Company and partner have an application over open areas sitting on top of the open pit outline of the Gramalote Deposit in Colombia, which is held by AngloGold Ashanti (NYSE:AU) and B2Gold (TSX: BTO, NYSE:BTG). The title issuance is being contested by the state governing the application and the Company has started legal action to protect its rights.

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