zonte metals

This new Carol Hat target looks better than Dunns Mountain

Fortunate for anyone that wants to buy, a seller has shown up at .215

Lynnsa, you could be right, only 20k shares buying hits 35 cents. Check the anomaly at Carols Hat, looks better than Dunns

News out this morning, looks good

HALIFAX, April 3, 2018

TSXV: ZON

HALIFAX, April 3, 2018 /CNW/ - Zonte Metals Inc. (TSXV: ZON) ("Zonte" or the "Company") is pleased to provide an update related to its ongoing exploration program at the Cross Hills Iron Oxide Copper Gold Project.

During January and February, and as part of a larger program, Zonte carried out a high-resolution ground magnetometer surveys on select portions of the Cross Hills Project. The Company is currently in receipt of the final results from the Carols Hat target area. Carols Hat is located two kilometres south of the high-priority Dunn'sMountain target where a large 600m x 400m magnetic high anomaly containing numerous copper showings directly related to magnetite veining has been delineated (see Press release dated February 27, 2018). The survey carried out at the Carols Hat area was successful in identifying three additional magnetic anomalies of interest.

Terry Christopher, President and CEO states "The most recent work on the Cross Hills Project provides significant new anomalies outside of the Dunn'sMountain target and illustrates the potential for large targets within a newly identified IOCG system. Field work is continuing and will be expanded with prospecting and mapping as targets are identified and moved towards the drilling stage. The Company's goal is to have two fully permitted and drill ready projects in Newfoundland and Labrador. The Company's Wings Point Gold project is now fully drill permitted and once Cross Hill's is advanced further during the coming months the Company will be in a position to move forward to the drill stage on both projects."

The most recent geophysical surveying initially targeted the large topographic high feature referred to as Carols Hat where extensive magnetite veining is present. Carols Hat appears to be very similar geologically to Dunn'sMountain. Geophysically, Carols Hat is defined by a strongly magnetic anomaly measuring in excess of 550m x 600m and with the southern portion of this anomaly being covered by granite. As previously released, copper and uranium mineralization grading up to 2.82% Cu and 0.17% U3O8, has been identified within a fracture in the southernmost portion of this target. The mineralization may suggest remobilization of fluids from depth and into the overlying granite which is only weakly magnetic. As the survey was expanded away from Carols Hat, two additional magnetic anomalies of interest were identified. The first anomaly occurs approximately 400m south of Carols Hat and is characterized by a 400m x 300m strong magnetic response within granite and proximal to the mapped granite contact. Located approximately 300m northwest of Carols Hat, a second large geophysical target measuring 600m x 700m was also delineated and lies mostly under cover. A number of samples previously collected on the very southern limit of this anomaly showed disseminated and veined magnetite with hematitic alteration, however, no sampling was carried out over the main portion of the anomaly. All three areas will be field proofed to determine their significance. Images of the Carols Hat geophysical targets including plan views and 3D inversion geophysical models can be viewed at www.zontemetals.com/projects/cross-hill-project .

Continued high-resolution ground magnetometer surveying along with continued prospecting and geological mapping will begin within the coming weeks. Additional updates will be provided by the Company once the final data and interpretations have been received.

chug chuga chuga, the ZON train is leaving the station. jump on board or get left behind. IMHO

Ron, anymore news coming out of Cross Hills, copper is holding up very well

I was just commenting market, S&P breaking below February lows

www.playstocks.net/index.php/forum/stock...t-it-s-luster#120404

So with ZON we have relative strength on a small trade LOL.

These platforms are not just ZON, they running on every stock on the market. They front run orders to skim pennies. Most retail investors don't see it because these bids, offers and trades do not show on the retail bank trading platforms.

But it hurts small investors all the time, whether you want to buy or sell they jump in front to get the better price and skim the penny or half.

For example, you put up an order to sell ZON at 20 cents. A buyer comes into to buy at 20 cents, these other platforms front run and take the trade. Your sell order goes un filled or partially filled, and the other platforms will then go and bid at 19, stealing another trade in the other direction.

They do this on all stocks, millions of trades per day. 1 million pennies is $10,000, all skimmed from you and other investors.

Don't know why these other trading platforms would bother with a penny stock like ZON?

GB, Interesting, a lot of Anonymous bids and other platforms, Alpha and Neo bidding at 19 too, that does not show in market depth. CX2 also bidding 5,500 at 18

Yes, looks good, all quiet on the short front, short volume reported at 7,400 today, very little
shortdata.ca/?c=zonte-metals%20inc.-short-sales&sym=ZON.V

Not much on offer, stock could easily go to 25. We just need a little better market. Gold still in sideways pattern

Ron also responded on Seeking Alpha article

Great article. I seen a similar situation when Coeur Mining did a poor financing on their Palmerajo project in Mexico, Again Franco Nevada was involved with a royalty and an off take geared to the Gold price. It really skimmed a lot of profit off a very good mine.

Coeur's ultimate best solution was buying Paramount Gold's deposit next door that was not subject to Franco royalties, so that ore that ran through the mill went straight to Coeur's bottom line.

We could see a repeat here should Zonte prove a deposit next door, but as mentioned a few years down the road. I covered Zonte in a report here on Yukon juniors last year.

seekingalpha.com/article/4158517-sell-vi...irectRoadblock=false