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Zonte Metals discovers a new target and starts detailed ground gravity survey in preparation for the upcoming drill program
Zonte Metals discovers a new target and starts detailed ground gravity survey in preparati...
About this update from Zonte Metals Inc.
[{"type":"text","content":"\n\n\n\nZonte Metals discovers a new target and starts detailed ground gravity survey in preparation for the upcoming drill program\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n\n\n\n\n\n\n\nCanada NewsWire\nHALIFAX, Aug. 6, 2019\n\n\n\nTSXV: ZON\n HALIFAX, Aug. 6, 2019 /CNW/ - Zonte Metals is pleased to announce the discovery of a new IOCG target, called K8, and the start of the detailed ground gravity survey at its Cross Hills Iron Oxide Copper Gold. \nThe K8 target, which sits about 2km south of the K6 target, was discovered with high resolution ground magnetics. The target is defined by moderate to strong magnetics and is about 1200m by 600m in area. 3D inversion processing of the magnetic data shows the strongest part of the magnetic profile having significant depth up to 600m. One surface rock grab sample collected from the target area assayed 0.3% copper and 0.18 g/t gold. The Company cautions that grab samples are selective by nature and the result may not be representative of mineralization in the target area. Subsequent to that result, follow-up prospecting identified intermittent disseminated and stringer chalcopyrite mineralization with surface copper mineralization traced for over 600m strike length. Ground magnetics between the K6 and K8 targets suggest one continuous system with the variable magnetics wherein both magnetite and hematite, including specular hematite have been noted.\nThe Company is also pleased to note that a detailed ground gravity survey is well underway. The survey will first cover the K6-K8 area followed by the Dunns Mountain target. The Dunns Mountain target was drill tested in a small winter program this year, which resulted in the discovery of IOCG mineralization. Drill hole CH-004 at Dunns Mountain intersected multiple intervals of IOCG mineralization within a 70m interval, including a high-grade 0.43m interval assaying 14.0% Cu, 15.8 g/t Au and 352 g/t Ag (see April 29, 2019 press release). Once the gravity survey is completed the company will mobilize a drill to possibly test viable targets at K6 and K8...