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Zonte Metals Inc. identifies the largest magnetic anomaly to date on the Cross Hills IOCG Property.22.01.2021 | 14:29 Uhr | CNW
HALIFAX, Jan. 22, 2021 - Zonte Metals is pleased to provide the following an update on discovery of a large magnetic airborne anomaly. During the fall of 2020 the Company contracted a high-resolution magnetic airborne survey over three areas on its Cross Hills Property. The areas covered in the survey were generally where no exploration has been conducted, and included a northern, central and southern block, spanning nearly 25km along strike. The survey was flown on a 100m line spacing. The survey over the central block, which lies between the Big K and K6 targets, discovered a 4 by 2.5km magnetic anomaly, named Nine Mile. The anomaly sits at the juncture of the deep seated Cross Hills Fault and a second truncating fault. Field checking of the anomaly discovered disseminated chalcopyrite in a number of locations, most notably along anomaly periphery. The central portion of the anomaly is composed of intermingled albitites and iron oxide altered units, while the periphery is mainly iron oxide altered units. The Company completed a widely spaced MMI soil survey (300m spaced lines with 100m sample spacing) over the new target to identify areas of anomalous copper, as portions of the anomaly are covered. The soil sampling program was successful in identifying a number of anomalies which require further infill sampling. A map illustrating the Nine Mile anomaly with known areas of sulphide mineralization can be found at http://zontemetals.com/projects/cross-hill-project/ All anomalies identified to date on the Cross Hills IOCG property are spatially associated with the Cross Hills Fault system. The property covers a 25km strike length of the fault system along which IOCG signatures are known. To date, seven targets have been identified and the Company is waiting on additional data from other anomalies. A number of anomalies remain to be field checked. The Company acknowledges the Province of Newfoundland and Labrador for its financial support through the junior exploration assistance program for exploration work performed on the Cross Hills Property. Qualified Person Rock and Protocol and Drill Sampling Protocol About Zonte Forward-Looking Information SOURCE Zonte Metals Inc.
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