Zonte Metals Inc.

TSXV: ZON

Cross Hills Project (IOCG)

The Cross Hills Project is an Iron Oxide Copper Gold (IOCG) project composed of 493 claims covering 12325 hectares which was acquired through a combination of staking and an option to purchase acquisition.  The project lies on the southern portion of the island of Newfoundland and Labrador. The project is accessible by local paved roads and a network of ATV trails.

 

The project over its history has been explored for various metals including, copper, gold, uranium and rare earth metals, mostly in singular fashion. Several companies over the last 15 years have examined the project for IOCG potential (as well as Sediment-hosted Stratiform Copper) with positive results, however, no company has completed a focused exploration program to unlock its potential. Zonte has been exploring the project for the last 16 months and just completed Phase 1 drilling on the first target. Ground exploration work to date has included high-resolution ground magnetometer and induced polarization surveys on select portions of the property, which were identified as priority from prospecting and mapping. Much of the property remains unexplored.

Surface ground exploration has identified a series of targets and anomalies that lie along the Cross Hills Fault and spatially related cross and splay faults. The most northern target is called the Dunns Mountain target, which shows an association of copper, gold and silver mineralization associated with a large magnetic anomaly. Based on these results the company recently completed a small five hole Phase 1 drill program which was aimed to test variable relationships in the data set. To date, partial results have been received, with drill hole CH-19-004 showing significant visual copper mineralization. A select number of samples were ‘rush’ assayed and showed:

  1. high-grade copper mineralization in the form of disseminated to massive bornite, chalcocite, azurite and malachite associated in two phases. The early mineral phase appears associated with epidote alteration and the later with ankerite alteration.
  2. intermittent mineralization over a 70 metre zone which sits just under a magnetic high. This relationship suggests copper mineralization is likely associated spatial with the magnetic high, sitting on the periphery, which is common for IOCG deposits.

The drill hole map, illustrated below, shows the drill holes projected to surface.

Drill result to date are listed in the table below, with results for holes 3, 5 and partial results for drill hole 4 pending.

Drill Hole To

(m)

From

(m)

Thickness* (m) Au (g/t) Ag

(g/t)

Cu

(%)

Notes**
Ch-19-004 168.00 170.76 2.76 2.65 73.3 2.89 Disseminate to massive bo & cc with ankerite, mag and epidote.
including; 168.00 168.92 0.92 0.19 8.6 0.41
168.92 169.32 0.40 0.45 88.1 2.76
169.32 170.33 1.01 0.16 7.6 0.48
170.33 170.76 0.43 15.80 352 14.00 Heavy bo & cc with ankerite & mag.
And 204.41 204.89 0.48 0.01 2.18 0.13 Bo & cc with ankerite and mag.
And 218.41 220.16 1.75 0.016 4.77 0.17 Bo & cc with epidote & mag.
Including 218.41 219.43 1.02 0.019 6.51 0.26
219.43 220.16 0.73 0.012 2.33 0.05
And 231.16 231.64 0.48 0.148 18.1 0.80 Mal, az, bo & cc in heavy epidote alteration.
And 242 243 1.0 0.005 0.67 trace Potassic altered breccia with disseminated cpy.

Note, the true width of the zone has not been determined. Bo = bornite, cc = chalcocite, cpy = chalcopyrite, mal = malacite, az = azurite and mag = magnetite.

 

Additional pictures of select mineralized intervals can been observed on the Company’s Instagram account.

Drilling in Phase 1 has highlight that the mineralization sits most likely on the periphery of the magnetic anomaly, and in the immediate case with Dunns Mountain on the eastern side. The eastern side of the anomaly is the least understood portion of the target area and hence, in light of these findings, the Company has completed further ground magnetics, deep penetrating IP surveys and a ground gravity survey. These combined data sets show a large gravity sitting under the magnetic profile as well several IP signatures sitting near the above noted mineralization.  Drilling in Phase 2 which has started will use the combined data and focus along structural breaks to test the IP and gravity signatures.

The image below exhibits the large gravity anomaly discovered under Dunns Mountain. The target is large, measuring 750m long, 400m wide and up to 1000m deep.

 

 

 

Previous magnetic surveys identified large anomalies at the Carols Hat area, which sits just sound of Dunns Mountain. These anomalies are large with the Big K target measureing 600 by 700m and up to 700m deep. The recently completed gravity survey identified a large gravity anomaly associated with the Big K target, which is on the order in size similar to that at Dunns. Images of the magnetic and gravity anomalies are below.

 

 

 

 

 

 

 

 

 

 

 

A third area of focus for the Company lies 12 kilometres south of Dunns Mountain, where a mag survey has discovered the K6 target in 2018. At surface copper mineralization has been identified in a number of showings and indications. Copper mineralization is characterized as chalcopyrite, malachite and azurite all associated with iron oxide alteration. At surface the company has also identified calcic, sodic and potassic alteration which is characteristic of IOCG systems. A recently completed gravity survey identified a large anomaly sitting just below and partially overlapping the magnetic anomaly. The main part of the gravity anomaly measures  approximately 600m in length, 150m wide with a 250m depth extent; and sits 100 – 150m below surface. This target is scheduled to be drill tested soon.

A plan map of the target, including the magnetics and gravity are illustrated below.

Image of the inverted magnetic data at K6.

 

 

 

 

K7 Target

The newly discovered K7 target sits in a belt the company has been focused on and sits 1.7 km south of the K6 target. The K7 target gravity was identified in a recently completed gravity survey. The 3D inversion model of the gravity anomaly is illustrated below. The target is large, sits about 130m below surface and extends vertically deeper. The anomaly sits on the edge of a magnetic high.

Additionally, the company completed a deep penetrating IP survey and MMI soild sampling over and around the anomaly. The IP survey discovered a coincident increase in both changeability and resistivity in the gravity target. The MMI soil program identified elevated copper values in and around the target.

 

 

The Cross Hill areas has also been recognized by the Geological Survey of Canada

who noted it in a technical paper (Iron Oxide Copper-Gold (±Ag ±Nb ±P ±REE ±U) Deposits: A CANADIAN PERSPECTIVE, by Lousie Corriveau in 2007.

Previous post: