zonte metals

As the drill turns, the stomach churns. I am sure drilling started a while back. Here is depth

The updates and commutation, you get from Ron on Heelo is unbelievable (top notch).
would be nice if all companies (zonte) included had someone like Ron on there team.
We would not have to guess and share price, we would be very confident.

PerseusLtd wrote: No News about drilling . Do they have Drill Problems then ? Late getting there or trouble setting up ?

doesn't mean that, maybe monday they'll announce the start of the drill program,stay stuned.

No News about drilling . Do they have Drill Problems then ? Late getting there or trouble setting up ?

SHL is not really comparable. For one thing this is not a new discovery.

looked like it jumped 50% to me, 5 cents to 7.5 cent high

PerseusLtd wrote: Newfoundland is getting hot

PUSLINCH, ON / ACCESSWIRE / January 23, 2019 / Spruce Ridge Resources Ltd. (TSX-V: SHL) is pleased to announce that it has received the results of the first five diamond drill holes in a 10-hole program on its wholly-owned Great Burnt Copper-Gold Project in Newfoundland. The drilling was targeted at the Great Burnt Main Zone, with a view to filling gaps between previous drill holes, testing for possible extensions of the Main Zone, testing a newly identified target from a 2007 airborne EM survey, and retrieving samples for future metallurgical study prior to a planned Preliminary Economic Assessment (PEA). Results include 20.94 metres of 6.21% copper (Cu), including a 6.98 metre section grading 10.71 % Cu in drill hole GB18-05. The massive to semi-massive sulphide mineralization also carries low values in gold, silver, zinc and cobalt. The following table summarizes the results for the first five drill holes. Location of 2018 diamond drilling and historical drilling can be found at the end of this news release.

that news didn't seem to spark the stock,it's down today,

www.stockwatch.com/Quote/Detail.aspx?symbol=SHL®ion=C

howlem2 wrote: Hi Ron,

My prediction is $4 flat.

Thanks

ok,got you at $4.00

those who participated in 2018 and didn't give me their picks in 2019,

WealthyPlumber- $3.45
agilebill-$2.40
kwilson17-$0.51
CIMA-$0.40
Hugo123-$0.45
JunglistGuy-$0.35

and new participates are welcome,
golfdub1

the great predictions for the high of zonte in 2019

2 under $1 or even
Flynn $0.85
davplan $0.98

3 under $2 or even
415 $1.35
PerseusLtd $1.85
Big Donald $2.00

4 under $3 or even
inimus $2.30
Gambler $2.50
Pasta $2.65
GoldnBoy $2.80

3 under $4 or even
JimB $3.45
luck $3.77
howlem2 $4.00

2 under $5 or even
DearJohn $4.27
Hoss $5.00

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

2 under $7 or even
RonS $6.50
kalen9999 $6.55

1 under $8 or even
lynnsa10 $7.90

under $9 or even

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

under $11 or even

1 under $12 or even
meguma $12

1 under $13 or even

1 under $14 or even
Iwtfu005-$13.50

the most optimistic: Iwtfu005
the most pessimistic or the most realistic: Flynn who almost nailed it in 2018.

the predictions will be accepted until march 1st 2019,those who want to change their pick before that date are welcome,we can't predict when the results will be out,but there will be more than one hole in 2019,so the high of the year could be determined in the late months of 2019.

the prize from RonS,

I will also offer same reward for this years contest, one year added to your newsletter subscription or $150 dinner voucher for life timers.


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 principal. 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 over looked 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!!!!!!!!!

Hi Ron,

My prediction is $4 flat.

Thanks

Newfoundland is getting hot

PUSLINCH, ON / ACCESSWIRE / January 23, 2019 / Spruce Ridge Resources Ltd. (TSX-V: SHL) is pleased to announce that it has received the results of the first five diamond drill holes in a 10-hole program on its wholly-owned Great Burnt Copper-Gold Project in Newfoundland. The drilling was targeted at the Great Burnt Main Zone, with a view to filling gaps between previous drill holes, testing for possible extensions of the Main Zone, testing a newly identified target from a 2007 airborne EM survey, and retrieving samples for future metallurgical study prior to a planned Preliminary Economic Assessment (PEA). Results include 20.94 metres of 6.21% copper (Cu), including a 6.98 metre section grading 10.71 % Cu in drill hole GB18-05. The massive to semi-massive sulphide mineralization also carries low values in gold, silver, zinc and cobalt. The following table summarizes the results for the first five drill holes. Location of 2018 diamond drilling and historical drilling can be found at the end of this news release.

Hey Ron, I’m new here but would like to guess $4.25 for the year end price!

Thanks!

Big Donald wrote: Put me in for 2.00 bucks again ron

ok,got you at $2.00

those who participated in 2018 and didn't give me their picks in 2019,

WealthyPlumber- $3.45
agilebill-$2.40
howlem2-$0.65
kwilson17-$0.51
CIMA-$0.40
Hugo123-$0.45
JunglistGuy-$0.35

and new participates are welcome,
golfdub1

the great predictions for the high of zonte in 2019

2 under $1 or even
Flynn $0.85
davplan $0.98

3 under $2 or even
415 $1.35
PerseusLtd $1.85
Big Donald $2.00

4 under $3 or even
inimus $2.30
Gambler $2.50
Pasta $2.65
GoldnBoy $2.80

2 under $4 or even
JimB $3.45
luck $3.77

2 under $5 or even
DearJohn $4.27
Hoss $5.00

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

2 under $7 or even
RonS $6.50
kalen9999 $6.55

1 under $8 or even
lynnsa10 $7.90

under $9 or even

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

under $11 or even

1 under $12 or even
meguma $12

1 under $13 or even

1 under $14 or even
Iwtfu005-$13.50

the most optimistic: Iwtfu005
the most pessimistic or the most realistic: Flynn who almost nailed it in 2018.

the predictions will be accepted until march 1st 2019,those who want to change their pick before that date are welcome,we can't predict when the results will be out,but there will be more than one hole in 2019,so the high of the year could be determined in the late months of 2019.

the prize from RonS,

I will also offer same reward for this years contest, one year added to your newsletter subscription or $150 dinner voucher for life timers.


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 principal. 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 over looked 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!!!!!!!!!