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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 AndrewC2on Feb 22, 2017 6:40am
218 Views
Post# 25875701

Gramalote News

Gramalote NewsI have read that Gramalote is potentially larger than the Rochester Mine in Nevada, where Rye Patch staked claims amongst Coeur d’Alene in 2011, and subsequently settled out of court for $10 million cash and around $32 million in royalties over 4 years, a total of about $42 million.

Is this correct and, if so, does the court’s recent acceptance of Zonte’s legal case on the Gramalote claims suggest a payout of the same order of size is possible?
Bullboard Posts