Zonte Metals Discovers New Gravity Anomalies and Completes Non-Brokered Private Placement

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[{"type":"text","content":"Zonte Metals Discovers New Gravity Anomalies and Completes Non-Brokered Private Placement\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n TheNewswire -\n \n \n April 20\n \n \n , 202\n \n \n 3 -\n \n \n Zonte Metals Inc\n \n \n (TSXV:ZON)\n \n \n (“\n \n \n Zonte\n \n \n ” or the “\n \n \n Company\n \n \n ”) is pleased to announce the\ndiscovery of several new gravity anomalies from its recently completed\nsurvey; and has completed its previously announced non-brokered\nprivate placement.\n \n \n \n \n The recently completed gravity survey covered a number\nof areas with specific objectives throughout the program. Previously,\nin 2019 a gravity survey was carried out between the K6 and K8\ntargets, which identified several open-ended gravity anomalies. To\nvalidate these anomalies, a portion of the 2023 grid was designed to\ncover the areas not previously covered in 2019. The combined data was\nprocessed to obtain the residual data, which resulted in the\nidentification of:\n \n \n \n \n \n \n A residual gravity anomaly located south of K6\ntarget,\n \n \n \n \n \n \n A residual gravity anomaly located west of the K7\ntarget,\n \n \n \n \n \n \n A residual gravity anomaly located at the K8\ntarget.\n \n \n \n \n \n \n Terry Christopher, President and CEO comments, “The\ninitial gravity grid has helped defined several new anomalies, sitting\nwithin the Cross Hills Structural Zone, between the known K6 and K8\ntargets. Each of these new targets sit in portions of magnetic\ndisturbances which could represent magnetite destruction, often\nassociated with hydrothermal systems, and/or deposition of sulphides.\nThis is particularly noted in the new K6 South anomaly, making it a\nhigh-priority target. To date, these new targets have been covered by\nmagnetics, gravity, structural analysis, mapping and rock and soil\ngeochem. The next step is to infill and expand upon the soil geochem\ncoverage to assist in defining the initial targets for drilling. The\nremaining exploration will be carried out over the next few months,\nand it’s anticipated this area will become a priority for the\nCompany.”\n \n \n \n \n A new residual gravity anomaly was discovered several\nhundred metres south of the drill ready K6 target. The proximity\nsuggests the two anomalies may be relate...

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