zonte metals

GB this is huge, it forces Anglo to deal with Zonte or Gramalote sits idle and cannot be developed. They either have to go to court to dispute Zonte's claims or settle out of court. I wonder if Anglo or B2Gold will disclose this??

Wonder what the stock will do. I don't see it on Stockwatch yet. I will check later and see if it comes up on B2Gold or Anglo news search??

Wow!! even I would have not bet on this outcome. Judge suspends Anglo's application time to go all in again

This is huge. How much will it cost b2g a day ?

I bet theres a fire under b2g butt now, to resolve this.

Zonte Metals Provides an update on the Gramalote Target application, Colombia.

June 26, 2016 TSXV: ZON

As press released on February 21, 2017, Zonte and a Colombian partner, (collectively Zonte or the Company) are proceeding with legal action against the Secretaria de Minas (Secretary of Mines) for the Department of Antioquia, Colombia for not titling an exploration application. This case is now at the Consejo de Estado (“Special Court”) level and proceeding forward. The application in question sits over open areas between titles on top of the permitted Gramalote Gold deposit which is a joint venture between AngloGold Ashanti (NYSE:AU) and B2Gold (TSX:BTO, NYSE:BTG). Presently all documents have been filed at the Special Court by our Colombian partner and the Company is waiting for the outcome of this case.

The Company made the above noted application on July 2, 2013. Gramalote Colombia Limited (AngloGold Ashanti and B2Gold) also made an application (number QHQ-16081) over the area on or about August 26, 2015. In theory and according the mining code in Colombia, applications are processed on a first in first out basis. Despite this, the Secretary of Mines was processing Gramalote Colombia Limited’s application even though Company’s application was still active. Now that the case has been filed in Special Court, Gramalote Colombia Limited’s application QHQ-16081 has been suspended by resolutions issued from the Consejo de Estado (“Special Court”) and Gobernación del Departamento de Antioquia (Government of Antioquia) until the outcome of the Company’s Special Court legal proceedings. Until the conclusion of the Company’s case it is our understanding that no development can happen over the contested area.

The Company will provide additional information as it becomes available.

For more information regarding the Gramalote Deposit and the legal initiatives – please visit the company’s webpage at www.zontemetals.com

About Zonte

Zonte Metals Inc. is a junior explorer focused on gold and copper. The Company has signed an Option Agreement to acquire 100% of the McConnells Jest project, in the Tintina Gold Belt, located in the Yukon Territory, which is composed of 172 claims totaling approximately 3371 hectares, and holds the drill ready Wings Point Gold Project located in Newfoundland and Labrador. In addition, the Company and a Colombian partner have an application over open areas sitting on top 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.

Zonte Metals Provides an update on the Gramalote Target application, Colombia.

June 26, 2016 TSXV: ZON

As press released on February 21, 2017, Zonte and a Colombian partner, (collectively Zonte or the Company) are proceeding with legal action against the Secretaria de Minas (Secretary of Mines) for the Department of Antioquia, Colombia for not titling an exploration application. This case is now at the Consejo de Estado (“Special Court”) level and proceeding forward. The application in question sits over open areas between titles on top of the permitted Gramalote Gold deposit which is a joint venture between AngloGold Ashanti (NYSE:AU) and B2Gold (TSX:BTO, NYSE:BTG). Presently all documents have been filed at the Special Court by our Colombian partner and the Company is waiting for the outcome of this case.

The Company made the above noted application on July 2, 2013. Gramalote Colombia Limited (AngloGold Ashanti and B2Gold) also made an application (number QHQ-16081) over the area on or about August 26, 2015. In theory and according the mining code in Colombia, applications are processed on a first in first out basis. Despite this, the Secretary of Mines was processing Gramalote Colombia Limited’s application even though Company’s application was still active. Now that the case has been filed in Special Court, Gramalote Colombia Limited’s application QHQ-16081 has been suspended by resolutions issued from the Consejo de Estado (“Special Court”) and Gobernación del Departamento de Antioquia (Government of Antioquia) until the outcome of the Company’s Special Court legal proceedings. Until the conclusion of the Company’s case it is our understanding that no development can happen over the contested area.

The Company will provide additional information as it becomes available.

For more information regarding the Gramalote Deposit and the legal initiatives – please visit the company’s webpage at www.zontemetals.com

About Zonte

Zonte Metals Inc. is a junior explorer focused on gold and copper. The Company has signed an Option Agreement to acquire 100% of the McConnells Jest project, in the Tintina Gold Belt, located in the Yukon Territory, which is composed of 172 claims totaling approximately 3371 hectares, and holds the drill ready Wings Point Gold Project located in Newfoundland and Labrador. In addition, the Company and a Colombian partner have an application over open areas sitting on top 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.

it seems that the shorts have covered

Short Summary

Short Volume As Of
0 15/Jun/2017
829,800 31/May/2017
416,000 15/May/2017

Zonte getting the Daily Stock Challenge Breakout honors and a 2 minute write up on the company. I think this was after market so maybe some follow thru buying Monday??

www.pinnacledigest.com/mining-stocks/zonte-metals-rallies/

Maybe they grabbed some claims as that staking rush took hold? Here is market depth near close. Can see the big bid at 28 now and maybe that caused some of the buying??

GB, this was in financials M&D put out today

During Fiscal 2017, the Company staked an additional 38 claims covering 950 hectares on the Company’s Wings
Point Project, which had been the Company’s primary exploration focus to date, although the Company did not
carry out any exploration work on the project in Fiscal 2017 or 2016. The Wings Point Project is located on the
island portion of Newfoundland and Labrador, about 30 kilometres (“km”) north of Gander.

If I recall right talking to Christopher sometime last year, legal fees to file in that special court were only about $10,000. Wings would have annual claim fees. I think I seen in financials or press release they also added more claims this year at Wings