| | | Zonte Metals identifies a large magnetic target coincident with surface copper mineralization on the Cross Hills Project
SXV: ZON
HALIFAX, Feb. 27, 2018 /CNW/ - Zonte Metals Inc. (TSXV: ZON.V - News) ("Zonte" or the "Company) is pleased to provide an update on the ongoing winter exploration program on the Cross Hills Iron Oxide Copper Gold Project.
Zonte's geophysical contractor has carried out a high-resolution ground magnetometer survey on select portions of the Cross Hills Project. The Company is currently in receipt of the final results of the work over the Dunn's Mountain target.
Terry Christopher, President and CEO states "We are very excited to discover a significant anomaly on our first exploration phase. Magnetic surveys are one of the key tools for identifying targets in IOCG systems; and the coincident nature of the large magnetic anomaly and surface copper mineralization at the Dunn's Mountain target is our first priority drill target on the Cross Hills Project. The project allows year round exploration and we are looking forward to further exploration work with the objective of identifying additional priority targets as it is moved towards the drilling phase."
As previously press released, sampling by the Company with historic sampling has identified widespread and intermittent surface copper mineralization with grades from nil to 5.76% at the Dunn's Mountain target. The copper mineralization occurs as bornite, chalococite and malachite. The recent magnetometer survey has identified a large magnetic anomaly, which is coincident with copper bearing magnetite veining and measures 650m long by 400m wide. The magnetic data has been processed using 3D inversion modeling and suggests the anomaly strengthens from 50m below surface extending to a depth of over 400m. Images of the Dunn's Mountain geophysical target in the plan view and in 3D can be viewed at zontemetals.com.
Although much of the projected surface area of the anomaly is covered by trees, bog or a thin veneer of glacial till, mineralized rock samples collected from the surface are coincident in space with the magnetic anomaly. The magnetic anomaly and much of the trend of surface mineralization has a NW-SE strike, and may represent the surface representation of a subsurface structural control. Two other smaller anomalies were identified on either side of the main anomaly along strike and have yet to be explored.
The magnetometer surveying has been completed over three other priority targets on the Cross Hills Property. Further updates will be provided by the Company once the final data and interpretations have been received.
Qualified Person
Dean Fraser, P.Geo. is the qualified person as defined by NI 43-101 and has reviewed and approved the contents and technical disclosures in this press release. |
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