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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. Its 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 from the town of Terrenceville and consists of approximately 573 claims covering over 14,325 hectares. The McConnell’s Jest Project is in the Yukon Territory about 65 km northeast of the town of Mayo and consists 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 addition, the Company has an application for open areas sitting on top of the open pit outline of the Gramalote Deposit in Colombia. It also has a 25% carried interest in Project X.


TSXV:ZON - Post by User

Bullboard Posts
Post by bcjton Nov 24, 2015 9:41am
106 Views
Post# 24319211

Article on mining.com - ZON

Article on mining.com - ZONhttps://www.mining.com/zonte-metals-mulling-legal-actions-against-colombia-after-gold-permit-rejected/ Gramalotes chances of becoming one of the first modern commercial scale gold mines in Colombia were placed on ice last year, after owners AngloGold Ashanti (NYSE: AU) and B2Gold (TSX: BTO) (NYSE: BTG) decided not to move forward on a feasibility study due to weak gold prices. But a new project that would sit on top of the Gramalote deposit and surrounding areas, may bring new life to the area, as Canadian junior explorer Zonte Metals (TSX-V: ZON) is trying to persuade Colombian authorities to grant them a permit to operate. the request was rejected on the premises the area is too small to hold a mine (less than 30 hectares), but the mining code doesn't set a minimum size for projects in open areas. According to the Nova Scotia-based company, by rejecting its application the Department of Antioquia did not processed in accordance with the countrys mining code. This, as the request was rejected on the premises the area is too small to hold a mine (less than 30 hectares), but the mining code doesn't set a minimum size for projects in open areas. However, Zonte and its local partners say they have been several applications accepted where the total area of exploration was significantly smaller, including a recently issued title that covers less than 0.1 hectares. After initially being rejected, Zonte's partner petitioned the Secretary of Mines on a number of occasions to have the application processed in accordance with the Mining Code. Although these petitions are required to be answered within a specific time frame, they typically went unanswered, or were answered months after the deadline, the company said in a statement. The company has high hopes for its project as Gramalote, located 110km northeast of Medellin, in the department of Antioquia, is reported to contain 2.535 Million ounces of gold in the total measured and indicated categories grading 0.81 g/t gold at a cut off of 0.25 g/t gold.
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