Zonte going back to Yukon could help 2021-04-12 18:03 ET - News Release
Mr. Terry Christopher reports
ZONTE IDENTIFIES NEW TARGET AT THE CROSS HILLS IOCG PROPERTY AND PROVIDES UPDATE ON THE MJ PROPERTY IN THE YUKON TERRITORY
Zonte Metals has provided an update on the discovery of a large magnetic airborne anomaly on its Cross Hills property.
Systematic field checking of anomalies identified from a 2020 high-resolution airborne magnetic survey has resulted in the discovery of a new target containing copper mineralization. The target, called K9, sits 1.5 kilometres south of the K8 target and is the eighth anomaly discovered on the Cross Hills project that shows iron-oxide alteration associated with known surface copper mineralization.
The K9 target has been delineated over a 400-metre strike length. A number of samples collected along the 400 m strike length contained local disseminations and veinlets of chalcopyrite, chalcocite and bornite. One sample returned 1.76 per cent Cu, 12.4 grams per tonne silver (Ag) and trace gold. Two other samples along strike returned 0.63 per cent and 0.11 per cent copper, with a number of weakly mineralized areas showing disseminated pyrite and chalcopyrite in the target area. Mineralization is associated with hematite and magnetite with the strongest mineralized sample showing copper associated with a later hematitic phase. The company will continue to explore this area and move the target along to drill stage, if warranted.
A large-scale MMI soil sampling program was completed in the late fall of 2020. The MMI soil program has identified numerous areas that require infill sampling especially along the periphery of the Big K, K6 and Nine Mile targets. Additionally, an initial MMI sampling will be carried out on the newly discovered North Dunns and K9 targets.
The company is also pleased to announce it has applied for exploration permits for the upcoming exploration season in the Yukon Territory on its MJ project. The focus area of the program will be along the western border of the property, adjacent to Victoria Gold's Dublin Gulch project, where Victoria has made a significant discovery at its Raven target. In addition, Zonte will carry out exploration on the company's two to four target area, where it discovered gold mineralization in drilling in 2017. The company will provide further details once permits have been received and plans formalized.