zonte metals

Here is the graphic from todays news, looks very good

Alex, agree that Hayes a great addition, what they need for major financings down the road when Cross Hills becomes a major discovery. Maybe Colombia pays off first though

Go ZON, stock is cheap cheap cheap

market depth

Here is the news release, John Hayes joining, very strong addition. Guys like this don't get involved unless there is some strong potential

2018-10-11 10:01 ET - News Release


Mr. Terry Christopher reports

ZONTE METALS DISCOVERS LARGE COINCIDENT INDUCED POLARIZATION TARGET AT DUNNS MOUNTAIN AND APPOINTS JOHN HAYES TO THE ADVISORY BOARD

Zonte Metals Inc. has provided an update on the recent induced polarization (IP) survey at the Cross Hills iron oxide/copper/gold (IOCG) project.

Highlights:

Discovery of a large IP anomaly coincident with surface copper mineralization and geophysical magnetic anomaly at Dunns Mountain.

IP anomaly extends past the depth of penetration of 150 meters and remains open along strike and to depth.

Company appoints John Hayes to the Advisory Board.

A four-line, 5.2km survey, spaced 100m apart, has been completed over the Dunns Mountain target. The survey has successfully delineated a large IP target that correlates directly with the recently discovered copper-silver-gold mineralization. The Dunns IP anomaly is characterized by a moderate to strong chargeability response that can be traced across 400m of strike length with widths up to 200m. The zone remains open along strike in both directions and extends past the survey penetration depth of 150m. 2D and 3D geophysical inversion models have been performed on the data and compiled with the high-resolution ground magnetometer surveys. The geophysical surveying illustrates that the mineralization correlates directly with not only a well-defined chargeability response, but also with a strong magnetic response. Modelling of the magnetic data suggests that the magnetic susceptibilities increase significantly with depth. A second IP target just north of the main target at Dunns has also been delineated and will require follow-up investigation to determine its source.

As part of the on-going geophysical surveying, additional infill high-resolution ground magnetometer surveying was carried out at Dunns Mountain to better define the magnetic target prior to drilling. With the higher density line-spacing, the survey shows the magnetic anomaly extending to the northeast to include what was previously an isolated anomaly. The magnetic anomaly now measures 800m by 600m and extends at its deepest to approximately 450m below surface.

Images depicting the results can be found at www.zontemetals.com/projects/cross-hill-project .

Zonte also wishes to announce that John Hayes, of TerraStrat Consulting Inc, has joined the Company as an advisor and will provide Capital Markets advisory and consultation services to the Company. Mr. Hayes recently served as Senior Vice President of Corporate Development at Osisko Mining Inc. upon his retirement from capital markets in April 2014. Mr. Hayes was a Managing Director and mining analyst at BMO Capital Markets, which he joined in 2003. Mr. Hayes has been granted 250,000 stock options in the Company in connection with his advisory role.

Terry Christopher, President and CEO states "The recent discovery of the mineralized corridor at Dunns has been followed up with the identification of a significant and coincident IP anomaly. The IP anomaly, specifically the chargeability component, has identified the known surface copper sulphide mineralization and suggests that the mineralization extends past the effective survey penetration depth of 150 metres. The chargeability anomaly, which most likely represents sulphide content, remains open along strike and at depth. We are very pleased that all systematic exploration program results suggests that a robust target exists at Dunns Mountain. The geophysical data will be used, in combination with the geological and geochemical data, to select drilling locations for Phase 1 drilling."

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.

About Zonte

Zonte Metals Inc, a junior explorer focused on gold and copper, has signed option agreements to acquire 100% of the McConnells Jest project in the Yukon Territory and the Cross Hills IOCG project in Newfoundland and Labrador. It holds a 100% interest in the drill ready Wings Point Gold Project. In addition, the Company and partner have an application over open areas sitting over 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.

Perseus, is this your German buddy that accumulated a bunch a couple months ago cashing out?

The “climb” has already started two weeks ago. The news release today should start boosting and making more people aware of what’s happening with Zonte

Maybe todays news will kick start the climb. Great news update.

Gambler, I think you nailed it, somebody trying to create a sell off to buy cheap stock. The best thing we can do is put in bids and try to get that cheap stock ourselves

Thanks for the trades GB, that really makes things obvious. This seller was not trying to get the best price. I would bet they are trying to create a panic sell out or wash out

Might it be someone trying to manipulate the price of a private placement? Assuming it would be, what can be done to thwart their attempts?

Thanks Gambler, I pulled from stockwatch all the RBC trades, I think they all fit on this page. I noticed another stinky or downright manipulation. About half of those RBC trades were done on the other platforms, note the U, H and A designation.

This smells like a deliberate take down or shorting in the stock

Goldman, I agree, this is a buying opportunity from some poor souls bad luck