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Zonte Metals provides update on Cross Hills Project and issues stock options
Zonte Metals provides update on Cross Hills Project and issues stock options Canad...
About this update from Zonte Metals Inc.
[{"type":"text","content":"\n\n\n\nZonte Metals provides update on Cross Hills Project and issues stock options\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, Jan. 17, 2018\n\n\n\nTSXV: ZON\n\n\n\nHALIFAX, Jan. 17, 2018 /CNW/ - Zonte Metals Inc (TSXV: ZON) (\"Zonte\") is pleased to provide additional rock sample assay data and an exploration update for its Cross Hills Iron Oxide Copper Gold Project. \n\nPreviously released data on November 15, 2017 for the Cross Hills Project highlighted a number of areas where sampling by the Company identified surface copper mineralization. Two target areas referred to as the  Dunns Mountain and Carols Hat targets, both at the northern end of the property, returned copper values at the limit of the analytical method selected which was 2.5% copper. These two samples have been re-assayed for their over limit values and have returned values of 5.76% and 2.82% copper at Dunns Mountain and Carols Hat, respectively. These samples are select grab samples and not representative of mineralization on the property. Both target areas are considered high priority targets for the Company and will be the focus of initial exploration efforts.  Permits for ground geophysical surveying have been filed with the Newfoundland and Labrador Department of Natural Resources and a high resolution magnetometer survey will commence immediately upon permit approval. Once a review of the magnetometer data has been completed and depending on results, a followed up Induced Polarization survey will be undertaken on favourable targets. Maps and additional information related to the Cross Hills IOCG Project can be found on the Company's website at www.zontemetals.com.\n\nThe Company also announces it has, pursuant to the company's rolling stock option plan, granted incentive stock options to its directors, officers, employees and consultants to purchase an aggregate of up to 1,105,000 common shares. The stock options have a five year term, subject to an 18-month vesting period and have an exercise price of $0.205 per share.\n\...