zonte metals

Colombia news guess: March 20, 2018

Other then a surprize news from Colombia, I cant see anything down the road to push this back to the highs in the next 6 months, is that why we went to a buy?
maybe we should be at a hold and wait?

For what it's worth, the October 17 Streetwise update rates ZON as a strong buy ... www.streetwisereports.com/pub/na/17772

Zonte went from Strong Buy, to just Buy now on the last letter.
IF 30 cents plus was a "SB" and now 16 cents is a "B" what gives.
are we just excepting the current stock price is the norm?
results from these new announced drill programs are 6 months away. If we are going to be flat lined all the way to the next financing.

DJ, would it not be ironic if Wings turns out to be the big drill hit when most placed bets on Yukon and nobody is betting on Wings.

I am raising my bet, I find with junior exploration - when nobody else is betting it is usually a good time to do so

Here is news release

2017-10-26 13:23 ET - News Release


Mr. Terry Christopher reports

ZONTE METALS PROVIDES PROJECT UPDATES

Zonte Metals Inc. has provided the following update on the Wings Point and McConnells Jest gold projects.

The Wings Point Gold Project, in Newfoundland and Labrador, is host to drill ready bulk tonnage gold targets. The project is located adjacent to the town of Wings Point, approximately 30 km north of Gander, NL. The project is contiguous to TORQ Resources (TORQ-V) where that company recently announced the discovery numerous targets in a regional till survey. The targets at Wings Point are characterized as a disseminated gold system in sediments and analogous to the Touquoy Project of Atlantic Gold (AGB-V) in Nova Scotia where that company recently poured its first gold.

The Wings Point Gold Project hosts two large distinct targets which were identified from rock and soil sampling and an Induced Polarization (IP) survey. The IP survey consisted of both chargeability and resistivity surveys. The two targets include; the Western Anomaly which measures 1200m long by 75-150m wide and the Eastern Anomaly which measures 800m long by 225m. The IP anomalies are partially located in an operating rock pit providing excellent access. Bedrock mineralization identified within the rock pit is coincident and above the IP anomalies, which lie about 5 to 15m below surface. The observed surface mineralization is believed to represent fluid flow along fracture zones from the source target below represented in the IP anomalies.

Zonte has applied for drill permits at the Wings Point Gold Project and presently has three of the four required for drilling. Phase 1 will consist of testing both targets from within the rock pit area and total about 750m in five to six drill holes. The Company is well funded for Phase 1 drilling at Wings Point. An update will be provided once the final permit is in hand and the Company has finalized its drilling plans. The Company has also recently acquired through staking a further 33 claims to bring Wings Point total to 101 claims, covering 2525 hectares.

At the McConnells Jest Project in the Yukon Territory, a short five hole Phase 1 drill program was completed in July, 2017. The results showed a discovery at the Two-Four target where drill hole MJ-04 interested mineralization in two distinct zones, at the top and bottom of the core including; 20.44 m of 0.72 g/t Au and 20.28m of 0.69 g/t Au, respectively (see October 6, 2017 press release). Mineralization is characterized by parallel quartz veining hosting arsenopyrite +/- pyrite within a granodorite.

The target type at McConnells Jest is an Intrusion Related Gold System (IRGS) where mineralization is characterized by vertically parallel gold bearing veins which form a low-grade, high-tonnage target. The project is adjacent to the Dublin Gulch Project of Victoria Gold (VIT-V) where construction of the Eagle Mine is in progress. The Eagle Deposit hosts a mineral reserve of 2.66M ounces of gold at 0.67 g/t Au and is characterized as an IRG System (Victoria Gold's webpage). Zonte's McConnells Jest Project is similar in age, geology, structural profile and geochemistry to Victoria Gold's Dublin Gulch project. A well known IRGS is being mined at the Fort Knox deposit in Alaska which is owned by Kinross Gold (K-TSX) and has been in production since 1996. As of December 31, 2014 it still contained a Proven and Probable Mineral Reserve of 2.398M ounces contained within 163.8 Mt at 0.46 g/t Au with cut off grades between 0.19 and 0.35 g/t Au (Kinross's webpage). The McConnell's Jest project is an early stage exploration project and currently there's insufficient evidence to indicate mineralization hosted on the Company's property is similar to that hosted by either the Dublin Gulch or Fort Knox deposits.

The 2018 exploration program at McConnells Jest will focus on expanding the drill discovery at the Two Four Target and field exploration on a number of known targets which include the J Zone, Tea Zone and Big Quartz Targets. Much of the intrusion has not been explored to date and further reconnaissance exploration will focus on those areas. The Company will provide further details on the upcoming program once they have been finalized.

Dean Fraser, P.Geo is the qualified person as defined by NI 43-101 and is responsible for the preparation of the technical disclosures in this press release.

news out during trading hours, cool.no update on Colombia. you where so close Wealthy Plumber

Well, Zon is on its 6th year. Only 4 more to go.

meguma wrote: why didn't I buy GGI?

I'll guess January 15 for Columbia news.

you tell me,i never liked GGI in the past,it took 10 years before
seeing a spike in the stock,but should've listen to ron struthers
and buy a small 25k.

web.tmxmoney.com/charting.php?qm_page=76299&qm_symbol=GGI

flynn wrote: Flynn Dec 12
RonS Dec 5
Wealthy Plumber Oct 25
Hoss Nov15
Inimus Nov 21
Jdate639 Oct 27
Kalen9999 Nov 3
DearJohn Nov 28
Meguma Jan 15
ron July 18 2018

why are you all confident that news from colombia will be released so soon ?

Flynn Dec 12
RonS Dec 5
Wealthy Plumber Oct 25
Hoss Nov15
Inimus Nov 21
Jdate639 Oct 27
Kalen9999 Nov 3
DearJohn Nov 28
Meguma Jan 15
Ron July 18 2018

why didn't I buy GGI?

I'll guess January 15 for Columbia news.