zonte metals

mmmmmm! 131,000 on the bid for Zonte

White Gold Corp has some grab sample results out today that sound impressive and the stock is up presently 7%, but about double the low of two days ago. But Market cap is over 8 times that of Zonte.

And Zonte has four great promising properties, if we include Gramalote in Columbia.

yesterday Nicola tsxv:NIM announced 150 meters of 0.54% copper with a higher grade intersect of 1.05% over 73.6 meters. The stock has moved from 12 to 15 cents.

There is 205M shares out so market cap of $31 million, but this is not really a new discovery it is beside a past producing open pit. Still market vale 3 times that of ZON

JimB wrote: Garibaldi dropped over 17% today, and now has a market cap of "only" $190.3 million, while Zonte's is about $9.5 million (both USD), Garibaldi 20 times that of Zonte!

So, given all the indicators, we can hope in time for a valuation also for Zonte that is 20 times the present one.

it makes sense,of course for that to happen zonte needs good results,and the indicators as you mentioned seem in our favour,let's drill.

Garibaldi dropped over 17% today, and now has a market cap of "only" $190.3 million, while Zonte's is about $9.5 million (both USD), Garibaldi 20 times that of Zonte!

So, given all the indicators, we can hope in time for a valuation also for Zonte that is 20 times the present one.

Looks like stars are aligning. copper price correction over and seems to be heading back up

Thanks Hoss, great link and so far have just been studying the map. Not sure how well it will show up here, but I noted a few things

1. Cross Hills area is not even identified as an IOGC area yet

2. Most of the IOGC areas in North America are iron dominated except Yukon, NWT area

3. Copper/gold rich is mostly S America and Australia.

What Zonte has could be quite unique

ron wrote:

GoldnBoy wrote: nice sample, wonder what kind of grade that runs, must be over 1%????

wonder what kind of grades RonS is talking about for zonte to be a major discovery,is he thinking 300m at 1.50% of copper,and btw,the project has to be also an economical one,we mustn't forget that.

Good point, but 300m at 0.4% copper may be very good. You also have to consider the percent of iron, some have higher iron and less copper and vice versa. The amount of gold and silver content will also be a factor. Some also have rare earths too. Plus the other economic factors, strip ratio, location etc.

Lot of info here from a group of Australian/Europe experts for an evening of reading.

It appears ZON has a copper rich system with silver and gold from what we know so far.

www.unige.ch/sciences/terre/research/Gro...coppergold_seg05.pdf

Metal Contents and Sizes of IOCG Systems

The largest apatite-bearing Fe ore and IOCG systems contain
more than 1 billion tons (Gt) of Fe ore or Cu-Au ore and
commonly have significant quantities of accessory elements
including P, REE, Co, Ag and U (Table A1, Fig. 3, App. Fig.
A1). Relatively few deposits have a full suite of chemical data;
Fe deposits generally have reported Fe, P, S, and Ti, rarely
Cu, and in almost no cases Au or other trace elements. Conversely,
in Cu deposits, only Cu and Au are widely reported,
other trace element compositions are sparse, and data on Fe
contents are rare. Mineralogy and rock descriptions consequently
provide the main basis for recognizing similarities
among these deposits, although there are sufficient Cu data
from Fe deposits to suggest these could all represent a continuum
(Fig. 3).

Iron ore deposits average between 30 and 70 wt percent
Fe, corresponding to 50 to nearly 100 wt percent hematite or
magnetite (Fig. A1). In the few Cu-rich deposits for which Fe
data are available, concentrations range from 15 to 25 wt percent
Fe in the Cu ores. The difference in values reflects the
metals of interest, e.g., in the Candelaria Cu(-Au) deposit
large volumes of rock contain >30 percent Fe but do not coincide
with the Cu orebodies. The amount of magnetite contained
in the Candelaria system (i.e., not restricted to Cu-Au
ore) likely exceeds the amount in the largest Fe deposits of
the Chilean Fe belt, and the contained Fe in the Cu ore at
Olympic Dam approaches that of the largest Fe systems
known. Among the other ferrous metals, available data indicate
that Ti is scarce (<1 wt % TiO2; Fe/Ti > crustal Fe/Ti) in
both Cu and Fe ore types; Co and V can be enriched relative
to Fe, but Ni, Mn, and Cr generally are depleted relative to
Fe (Kisvarsanyi and Proctor, 1967; Frietsch, 1970; Hauck,
1990).

Copper grades from >60 Cu-Au deposits mostly fall between
0.5 and 4 wt percent, averaging about 1 wt percent;
they may form an approximate continuum with Cu contents
in Fe-dominant deposits, where reported concentrations are
not uncommonly on the order of 0.1 wt percent (Fig. 3). Most
Fe deposits lack Cu assays, even though chalcopyrite is com
monly described as an accessory mineral. Typically, Cu and
Au contents represent hypogene grades, although weathering
can remove Cu, leaving residual Au-only resources, as in the
upper part of the Igarape Bahia-Alemão system in the Carajás
district.

Looks like more bids than offers, 30k bid at 26 cents too

was in and out the stock,but for now,i'm still in VIT,
any market depth for us today Gambler...lol..thanks in advance.

GoldnBoy wrote: nice sample, wonder what kind of grade that runs, must be over 1%????

wonder what kind of grades RonS is talking about for zonte to be a major discovery,is he thinking 300m at 1.50% of copper,and btw,the project has to be also an economical one,we mustn't forget that.

ron, I think we will see more exploration results, a PP and then drilling. It could happen pretty fast if the interest is there as it sounds like. Could be drilling before end of October. I think that is when interest will really pick up - when drilling starts, but there could be over flow buying after the PP ??