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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 GoldnChildon Jan 29, 2019 7:41pm
236 Views
Post# 29293627

Drilling underway at Cross Hills

Drilling underway at Cross HillsAnyone awake here lol 2019-01-29 16:12 ET - News Release Mr. Terry Christopher reports ZONTE METALS ANNOUNCES COMMENCEMENT OF DRILLING AT THE CROSS HILLS IOCG PROPERTY AND ISSUES STOCK OPTIONS Zonte Metals Inc. has begun drilling at the Cross Hills iron oxide-copper-gold property in Newfoundland and Labrador. The first drill hole is well under way at the Dunns Mountain target where a large target defined by coincident high-resolution ground magnetics, induced polarization and a mineralized corridor containing copper, silver and gold in surface grab samples (see press release dated Oct. 11, 2018). The Dunns Mountain target is the first target to be drill tested within the 13,325-hectare Cross Hills property where the company has additional target areas, a number of significant magnetic anomalies requiring additional exploration and many areas that have yet to be explored. The company will provide updates throughout the drill program. The company also announces it has granted incentive stock options to directors, officers, employees and consultants to purchase an aggregate of up to 775,000 common shares pursuant to the company's rolling stock option plan. The stock options have a five-year term, subject to an 18-month vesting period and having an exercise price of 29 cents per share. About Zonte Metals Inc. Zonte Metals is a junior explorer focused on gold and copper. The company has signed option agreements to acquire 100 per cent of the McConnells Jest project in the Yukon territory and the Cross Hills IOCG project located in Newfoundland and Labrador. It holds a 100-per-cent interest in the drill-ready Wings Point gold project. In addition, the company and its partner have an application over open areas sitting over the Gramalote deposit in Colombia, which is held by AngloGold Ashanti and B2Gold.
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