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Zonte Metals Inc V.ZON

Alternate Symbol(s):  EREPF

Zonte Metals Inc. is a Canada-based junior mineral exploration company primarily focused on gold and copper. The Company's projects include Wings Point Gold Property, McConnell's Jest Project (MJ project) and Cross Hills Project (Cross Hills). The Cross Hills Project is located on the island portion of Newfoundland and Labrador, approximately 20 kilometers (km) from the town of Terrenceville and is comprised of approximately 605 claims covering approximately 15,125 hectares. The McConnell’s Jest Project is located in the Yukon Territory about 65 km northeast of the town of Mayo and is comprised of approximately 172 contiguous quartz claims. It holds a 100% interest in the Wings Point Project located on the island portion of Newfoundland and Labrador, about 30 km north of Gander and at the northern end of the central Newfoundland gold belt. In Colombia, the Company also has a 25% carried interest in Project X where historical drilling intersected significant gold mineralization.


TSXV:ZON - Post by User

Bullboard Posts
Comment by resourceon Jun 27, 2017 4:00pm
112 Views
Post# 26410525

RE:re--map

RE:re--mapColombia uses a different or older dated mapping system for claims and if companies are not aware of this their claims are not accurate and they miss peices, that is how I understand it and not the 1st time it has happened.

Galway got a $300 million settlement for fractional claims it had over Ventana's deposit, a lot smaller than Gramalote but Gold prices higher than. When you make a Gold discovery you better make sure you own all the claims, Coeur Mining also had a similar thing in Nevada with lapsed claims, cost them 10s of millions.

From what I have learned on Colombia mining law and this is the same everywhere, is you can not explore/drill on claims you don't have title to. It also breaks environmental laws. Since Anglo was aware they did not have the claims because they had an application in and was not approved yet, they also act as if they are above the law. It might be a long shot but they risk losing the whole thing
Bullboard Posts