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Zonte Acquires Initial Technical Report for the McConnells Jest Project, Yukon
HALIFAX, Feb. 23, 2017 /CNW/ - Zonte Metals Inc. (TSXV: ZON) (the "Corporation" or "Zonte") is pleased to announce it has received the initial National Instrume
About this update from Zonte Metals Inc.
[{"type":"text","content":"HALIFAX, Feb. 23, 2017 /CNW/ - Zonte Metals Inc. (TSXV: ZON) (the \"Corporation\" or \"Zonte\") is pleased to announce it has received the initial National Instrument 43-101 Technical Report for the McConnells Jest Project as part of the property acquisition. The Report titled \"Geology, Mineralization, Geochemical Survey, and Environmental Survey on the McConnells Jest Intrusion-Related Gold Property\", was completed by Andy Randell, P.Geo who is the qualified person as defined by NI 43-101 and is responsible for the preparation of the Report and the technical disclosures in this press release. The report was co-authored by Fraser Kirk and David Wilkie. The purpose of the report was to review the exploration and environmental surveys completed up to this point and provide recommendations for the next work phase. The report will be filed on SEDAR within the next 45 days. The McConnells Jest project is in the Tintina Gold Province which is a belt of gold deposits extending through the Yukon and Alaska. Within this belt is the Tombstone Gold Belt which hosts a series of highly prospective Intrusion-Related Gold deposits and is the most significant host to Intrusion-Related Gold Systems globally. The McConnells Jest project is adjacent to the Dublin Gulch project owned by Victoria Gold (TSXV: VIT) to the west and the Keno Hill Silver District project owned by Alexco Resource Corp (TSX: AXR) to the south. Victoria Gold's Dublin Gulch project is classified as an Intrusion-Related Gold system (IRGS) with a resource of 4.8 million ounces of gold in the indicated category and 1.5 million ounces of gold in the inferred category, including the Eagle Deposit which hosts a reserve of 2.7 million ounces of gold. Once in production, the Eagle Deposit is forecast to produce 200,000 ounces of gold per year for 10 years based on the Eagle Gold Project Feasibility Study announced September 12, 2016. The McConnells Jest Project is comprised of 172 claims for a total of 8,330 acres (3,371 hectares) and hosts the McConnell Pluton which has been classified as an Intrusion-Related Gold System. Exploration to date has focused on following up on soil geochemical anomalies and other rock and stream sediment samples, leading to a number of gold in bedrock discoveries. The Two Four zone, which was discovered in 2016, represents a high priority drill t...