Zonte Metals Inc. is pleased to announce a non-brokered private placement for proceeds of up to $1.04 Million consisting of up to 2,500,000 common share units at a price of $0.10 and 6,320,000 flow through units at a price of $0.125, subject to TSX Venture Exchange approval. Each Unit will consist of one common share and one share purchase warrant entitling the holder to acquire one additional common share at a price of [...]
MJ Gold Project, Yukon Territory In the Yukon Territory, the Company holds 100% interest in the MJ Gold Project. The MJ project is adjacent to Victoria Gold which operates the Eagle Mine with the aim of producing 250,000 ounces of gold by 2024. On September 15, 2022, Victoria Gold press released a maiden NI43-101 resource for its new Raven discovery which shows 1,070,000 gold ounces at an average grade of 1.67 g/t at a [...]
Zonte Metals is pleased to provide the following update on the Cross Hills Copper Project, located in Newfoundland and Labrador. The Company has discovered two copper-in-soil anomalies on the newly discovered K10 target. The K10 target was discovered during the Fall of 2021 and is characterized by bedrock copper mineralization in three separate surface zones . The three zones of surface mineralization lie within a 1600 by [...]
Zonte Metals is pleased to provide the following update on the Cross Hills Iron Oxide Copper-Gold Project, located in Newfoundland and Labrador, Canada. The Company has discovered three zones of surface copper mineralization sitting within a 1600 by 1100m area, collectively designated as the K10 target. The mineralized areas measure 800 x 400m, 500 x 300m and a third zone with a 250m strike length. Mineralization is open [...]
Zonte Metals Inc. is pleased to provide shareholders with a 2021 review and outlook for 2022. Terry Christopher, President and CEO comments "Through 2021 the Company has focused exploration activity on two claims in Newfoundland. The Company was active with surface exploration on the Cross Hills Copper property where to date eight targets have been identified along the 25km property. Several targets have been advanced to [...]
Zonte Metals is pleased to provide the following update on the Wings Point Gold Project located in the newly developing Central Gold Belt in Newfoundland and Labrador. Multi-phase exploration including both rock and soil sampling programs was conducted within a historically underexplored 200 claim block staked approximately one year ago. This exploration resulted in the discovery of three areas of interest. These include [...]
Zonte Metals is pleased to announce the discovery of a large soil geochemical anomaly coincident with the K9 target on its Cross Hills IOCG project. The K9 target sits 1.5km south of the K8 target and was discovered by ground checking anomalies identified from a high-resolution airborne magnetic survey. Ground checking discovered classic iron oxide alteration with surface copper mineralization. Bedrock copper [...]
Zonte Metals is pleased to announce the discovery of a large soil anomaly coincident with the Big K target. Previously, through ground surveys, the company discovered the Big K target which is defined by large coincident magnetic and gravity anomalies. The Big K target, which is located approximately 1.2km south of Dunns Mountain, measures about 1500m in length and up to 800m in width. In an effort to further define [...]
Zonte Metals is pleased to provide the following update on the Cross Hills Iron Oxide Copper -Gold Project. A new zone of surface copper mineralization has been discovered at the K6 target during routine follow up of a soil geochemical anomaly. A number of bedrock and float samples over a 35m wide zone returned copper values between 0.18% and 0.89% Cu with trace silver. Mineralization in the new zone is characterized by [...]
Zonte Metals is pleased to announce a work program consisting of prospecting, as well as rock and soil sampling, has started on the Wings Point Gold Project. During the calendar year 2020 the company expanded its claim holding from 101 claims to 344 claims. The project sits in the developing Newfoundland Central Gold Belt where New Found Gold continues to expand its high-grade gold discovery and other companies such as [...]
Zonte Metals is pleased to provide the following update on the discovery of a large magnetic airborne anomaly on its Cross Hills Property. Systematic field checking of anomalies identified from a 2020 high-resolution airborne magnetic survey has resulted in the discovery of a new target containing copper mineralization. The target, called K9, sits 1.5km south of the K8 target and is the eighth anomaly discovered on the [...]
The Company wishes to provide the following update on the Gramalote Mineral Rights Application. As previously announced, in a press release dated November 19, 2015, Zonte Metals Inc. along with a Colombian Partner made application for open ground sitting over the Gramalote Deposit. Gramalote is host to a gold deposit located in Colombia and subject to a joint venture between AngloGold Ashanti and B2Gold . The application [...]