zonte metals

thanks for posting howlem2,

Work will commence immediately upon permit approvals.

how much time will it take to obtain the permit ?

The program consisted of five holes totaling 1421 metres, which was an increase from the initial four-hole, 1000 metre program.

this is extremely positive,RonS should have an update tonight on this,can't wait to read what he has to say.

imagine throwing a surprize party with no one showing up.
even if there's great news, if no one knows about it. Who cares?

if we look a year out from now, is Zonte going to be drilling in Newfoundland or working on another project?

that's what I'm thinking about.

I like the extra 421 meters of drilling that occurred in phase 1. That is probably a good sign, but I don't like the way that there has been little to no interest in the anticipation of drilling. The trading kind of sucks.
Hopefully the results surprise everyone in a positive way and change the way this stock trades moving forward.

I like the extra 421 meters of drilling that occurred in phase 1. That is probably a good sign, but I don't like the way that there has been little to no interest in the anticipation of drilling. The trading kind of sucks.
Hopefully the results surprise everyone in a positive way and change the way this stock trades moving forward.

It shouldn't be much longer from here. Probably a week and a half tops before we get the results!

I'm glad Terry and the team are ready to go at Phase 2 right away.

HALIFAX, April 8, 2019 /CNW/ - The company is pleased to announce it has completed a Phase 1 drill program on the Cross Hills Iron Oxide Copper Gold project by performing a first pass evaluation of the large Dunns Mountain IOCG target. The program consisted of five holes totaling 1421 metres, which was an increase from the initial four-hole, 1000 metre program. The initial drill program was designed to test various geophysical and geochemical variables in the data set associated with known surface mineralization. All samples have been submitted to the laboratory for analysis and results will be reported once received.

In anticipation of Phase 2 drilling at the Dunns Mountain target, the company has submitted exploration permit applications to the Newfoundland and Labrador Department of Natural Resources for additional geophysical surveys, which will be carried out prior to the next phase of drilling. Work will commence immediately upon permit approvals.

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.

flynn wrote: How could possible know what any one the Hole will produce.
Once the data is released you go from there.
Where you invested in Zonte when Yukon was the focus?
IF you where, then you must remember all the hype, all the posts.
When Zonte was knee deep in Yukon, its popped to 40 cents from 8 cents.
If I would of told you then, that in 3 years Zpnte will not even be drilling in Yukon, but drilling in Newfoundland, No one would of believed.
I will wait for results, then decide.

I'm in zonte since 2012,the focus this year is in newfoundland,we are all waiting for good news,RonS thinks that there will be a discovery, the question is the grades.

How could possible know what any one the Hole will produce.
Once the data is released you go from there.
Where you invested in Zonte when Yukon was the focus?
IF you where, then you must remember all the hype, all the posts.
When Zonte was knee deep in Yukon, its popped to 40 cents from 8 cents.
If I would of told you then, that in 3 years Zpnte will not even be drilling in Yukon, but drilling in Newfoundland, No one would of believed.
I will wait for results, then decide.

flynn wrote: Hoping for great news as well, but I'm not buying anymore, as well I haven't sold any. I will wait for some sort of update. before I stay or go.
2 years ago everyone was hyping Yukon results. No one saw that fall coming..

If you decide to sell only after one hole,you're making a terrible mistake.

Hoping for great news as well, but I'm not buying anymore, as well I haven't sold any. I will wait for some sort of update. before I stay or go.
2 years ago everyone was hyping Yukon results. No one saw that fall coming..

We are now in the time range (about April 5 - 12) that Terry told Dreamer that results would be received back from labs. Time to load up in anticipation?

JunglistGuy wrote: Need news of a discovery to bring in new buyers

agree,institutions and the big boys with big pockets,bring on some great news releases,



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!!!!!!!!!