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Zonte Metals drilling discovers high-grade copper, gold and silver mineralization at its Cross Hill IOCG project

Mining News - Published on Thu, 25 Apr 2019

Image Source: SteelGuru
Zonte Metals has announced initial, partial results from its recently completed phase 1 drill program at its Cross Hills Iron Oxide Copper Gold project on the island of Newfoundland and Labrador. The program was conducted on the Dunns Mountain target and consisted of five drill holes designed to test various geophysical variabilities in order to ascertain possible relationships with copper mineralization. Drill hole CH-19-004 intersected significant visual copper mineralization and a select number of samples were expedited for assaying. Mr Terry Christopher, president and CEO of Zonte Metals, said “This is an exciting new discovery for Zonte Metals, adding to our growing portfolio of large-scale mineral opportunities. Early indications show a discovery that has all the geologic signatures of a copper-rich fertile IOCG target and possibly a new copper belt in Canada. The Company controls 25 kilometre strike length of the belt with the Dunns Mountain target located at the northern end. In light of these results Zonte will increase its exploration and drilling program at Cross Hills."

Highlights

14.0% Cu, 15.8 g/t Au and 352 g/t Ag within a 0.43 m interval sitting in a 2.76 m interval which averaged 2.89% Cu, 2.65 g/t Au, 73.3 g/t Ag.

Fertile IOCG system potentially represents the early stages of defining a new copper belt in Canada.

Planning for a phase 2 drill program is underway and program expanding.

Drill hole CH-19-004 was set-up to test the eastern side of the Dunns Mountain magnetic anomaly, aiming to pass under the magnetic high, in the 'transition' from high to moderate magnetics. This was the only drill hole targeting the transition zone in the magnetic profile. A number of discrete visually mineralized intervals were noted throughout a 70 metre interval, between 168 and 243 metres, sitting directly below a magnetic high. The hole was initially drilled to a depth of 204 metres and later deepened to 283 metres when copper mineralization was discovered in the last metre of core. The most significant visual mineralization was intercepted between 168 to 170.76 metres which included a 0.43 metre interval of massive to semi-massive bornite and chalcocite returning 14.0% Cu, 15.8 g/t Au and 352 g/t Ag. The 2.76 m interval averaged 2.89% Cu, 2.65 g/t Au, 73.3 g/t Ag. The expedited results are highlighted in the table below. A number of other intervals were expedited for assay and listed in the table as well.

Source :

Posted By : Sanju Moirangthem on Thu, 25 Apr 2019
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