zonte metals

Gambler wrote:

flynn wrote: thats what i thought, 2018 is to early. 29 cents was the right bet.

Keep in mind that very often juniors move up in anticipation. Garibaldi a prime example last year. It went to several $, long before first drill results were out. This stock will at least be $0.50 to $1.00 before year end and drill results. It could go much higher, but I think that range is a good bet

if the results are outstanding like RonS seems to think,-a major discovery,$1 will be very cheap,and Flynn will eat crow with the most pessimistic prediction....lol...

flynn wrote: thats what i thought, 2018 is to early. 29 cents was the right bet.

Keep in mind that very often juniors move up in anticipation. Garibaldi a prime example last year. It went to several $, long before first drill results were out. This stock will at least be $0.50 to $1.00 before year end and drill results. It could go much higher, but I think that range is a good bet

Pasta wrote: The way I see it is that the news updated us on the grab sampling of a certain area with the notification of drilling to start in November.
Grab sampling is grabbing pieces of material within the area. Its likely pieces of material that were part of the grab sample were chosen based on best potential for copper, silver and gold. for example picking out a top of a rock that displays visible copper, following a trench with visible material ect.. It's kind of like cherry picking the low lying fruit. When the results come in from grab samples they are usually higher values than the area may support. At the same time samples do not represent the whole area properly. The results are showing that further exploration should be done. Drilling needs to be done to get a true value of the property.
This brings us to the conclusion that drilling will start in November. Because of this don't expect results until December or even January. In other words there is lots of time to invest.
to sum things up... News was good, as in more work needs to be done. We wont really know for some time.

This is how I view the news and the future outlook. Please correct me if I am off base as I am NOT a Geologist nor do I know much about mining.

i think the results of the drilling will be release in december 2018,like RonS said,the labs aren't full like those in the yukon,there's time to invest,but it's going to be over $0.35 soon.

thats what i thought, 2018 is to early. 29 cents was the right bet.

The way I see it is that the news updated us on the grab sampling of a certain area with the notification of drilling to start in November.
Grab sampling is grabbing pieces of material within the area. Its likely pieces of material that were part of the grab sample were chosen based on best potential for copper, silver and gold. for example picking out a top of a rock that displays visible copper, following a trench with visible material ect.. It's kind of like cherry picking the low lying fruit. When the results come in from grab samples they are usually higher values than the area may support. At the same time samples do not represent the whole area properly. The results are showing that further exploration should be done. Drilling needs to be done to get a true value of the property.
This brings us to the conclusion that drilling will start in November. Because of this don't expect results until December or even January. In other words there is lots of time to invest.
to sum things up... News was good, as in more work needs to be done. We wont really know for some time.

This is how I view the news and the future outlook. Please correct me if I am off base as I am NOT a Geologist nor do I know much about mining.

IS this news good or not? The volume or price is not giving the right story.

I guess not, BMO hit the bids

DJ, I see that. Anonymous bidding 500 at .325 and 1,000 at .32 so the stock does not look strong. They probably buy much more if a seller comes in. I would laugh if a big bid came in at 33

Anonymous doing a lot of selling today and now they are bidding small. Probably gone short

Here is the graphic for the news release

Very nice sample numbers. Drilling to start in November, have to double down by then

here is the text
Zonte Metals discovers extensive mineralization at its Dunns Mountain Target on the Cross Hills IOCG Project
Canada NewsWire

HALIFAX, Oct. 4, 2018

TSXV: ZON

HALIFAX, Oct. 4, 2018 /CNW/ - Zonte Metals Inc. (TSXV: ZON) ("Zonte" or the "Company") is pleased to provide an update on its ongoing exploration program at the Cross Hills Iron Oxide Copper Gold (IOCG) Project.

Highlights:

Discovery of a mineralized corridor spatially above the large magnetic target at Dunns Mountain.
The mineralized corridor is approximately 390m long and 125m wide, and open.
Twenty six samples averaged 1.37% Cu, 16.2 g/t Ag and 0.17 g/t Au.
Copper as high as 9.1%.
Continued surface exploration at the Dunns Mountain target has discovered and delineated an extensive zone of copper, silver and gold mineralization. Twenty-six grab samples were collected from the mineralized area over a strike length of 390 meters and a width of 125 meters. The results of the recent sampling averaged 1.37% Cu, 16.2 g/t Ag and 0.17 g/t Au, with the one sample returning 9.10% Cu, 81.5 g/t Ag and 0.09 g/t Au. The best gold assay from the sampling returned 0.93g/t. A table illustrating the data for each sample within the newly discovered corridor is included below. Note that these are select grab samples and do not represent the property as a whole.



The newly discovered mineralized corridor, characterized as a series of IOCG veins, sits along and above the northern portion of an extensive magnetic anomaly at Dunns Mountain. The anomaly measures 650 x 400 metres and was defined by recent high resolution ground magnetometer surveys on select portions of the Cross Hills Project (see press release dated February 27, 2018). Inversion modeling of the data suggests that the magnetic susceptibilities increase significantly below 50 metres depth. A map illustrating copper in rock samples and the coincident magnetic anomaly can be found at www.zontemetals.com/projects/cross-hill-project .

The majority of the mineralized veins strike east-west and dip steeply, however, at least two other mineralized vein sets with different orientations were discovered. Mineralization is characterized by bornite, chalcocite, malachite, azurite and minor chalcopyrite. It is worth noting that surface outcrop is extensive on parts of the Dunns Mountain target, however, lichen cover obscures mineralization.

The Company had contracted additional high-resolution ground magnetic and Induced Polarization (IP) geophysical surveys to better define sub-surface mineralization over the Dunns target. These surveys are now completed and the results will be released once processing and interpretation have been finalized. This data will serve to further guide the initial drilling which is expected to begin in November.

Terry Christopher, President and CEO states "The discovery of the mineralized corridor is an exciting development for the Cross Hills IOCG property. This mineralized corridor, which carries significant copper, silver and gold mineralization, sits above the large mag anomaly at Dunns Mountain. These grades are within the expected range for IOCG systems and with the spatial relationship to the large mag anomaly it makes Dunns Mountain a first priority drill target. The recently completed IP survey should provide additional insight into the target and we are eagerly waiting those results as we move into the upcoming drill program."