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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
Comment by resourceon Sep 10, 2018 12:05pm
139 Views
Post# 28590628

RE:RE:RE:RE:RE:This will be

RE:RE:RE:RE:RE:This will beyes it is a bold statement and this is my reasoning.
 A description at investing news on copperIOCG ore bodies range from around 10 million tonnes of contained ore, to 4,000 million tonnes or more, and have a grade of between 0.2 percent to 5 percent copper, with gold contents ranging from 0.1 to 3+ grams per tonne. The tremendous size, relatively simple metallurgy and relatively high grade IOCG deposits can produce extremely profitable mines.

Iron Oxide is very magnetic and we know the magnetite or iron oxide veins at surface carry copper. The magnetic surveys pick up large magnetic anomalies below the surface where the veins are. No doubt these are globs or concentrate of iron oxide that run  for 100s of metres. The question is - what will be the grades that the drill turns up?

If grades are at the low end, could still work out well because of great location and infrastructure. If mid way or at higher end, the stock could really move. It would be the first IOCG discovery in Canada so would gain a lot of attention
Bullboard Posts