Zonte Metals finds Cu, Ag mineralization at N Dunns

Executive Summary

• Zonte Metals Inc. announced the discovery of copper and silver mineralization at the N Dunns target within its Cross Hills Copper Project in Newfoundland and Labrador.
• The company has identified nine large-scale, drill-ready Iron Oxide Copper-Gold (IOCG) targets, advancing the project from early-stage to an advanced exploration stage with significant scale potential.
• A grab sample from surface veins at N Dunns returned 0.5% copper, 14.3 g/t silver, and trace gold, validating the presence of a fertile hydrothermal system and triggering the transition to the drill phase.

Key Details

• N Dunns Target Discovery:
  • Surface IOCG-style mineralization observed in narrow veins (2–15 cm wide) traceable for up to 150 meters.
  • Grab sample assay results: 0.5% Copper, 14.3 grams per tonne Silver, trace Gold, and >10% Iron.
  • Note: Company states grab samples are selective and may not be representative; geophysical surveys are not definitive.
• Geophysical Anomalies:
  • High-resolution gravity data identified strong, deep-seated anomalies.
  • Dimensions of anomalies: Up to 3,300 meters long, 600 meters wide, and 1,000 meters deep.
  • Gravity anomalies range from 1 to 5 milligals, suggesting significant tonnage potential.
  • Targets remain open along strike and at depth.
• Project Status & Targets:
  • Nine drill-ready IOCG targets identified.
  • N Dunns target is located approximately 100 meters below surface.
  • Exploration to include infill and extensions to soil and gravity grids.
• Financial Investment:
  • Approximately $5 million invested to date in systematic exploration (geophysics, geochemistry, geological mapping).
• Geological Context:
  • Project described as a district-scale IOCG system.
  • Analogs cited: Olympic Dam and Prominent Hill in Australia.
• Qualified Person:
  • Donald Blake, PGeo, reviewed and approved technical disclosures.

Notable Quotes

• "With $5-million invested and years of exploration, we have delineated a large-scale, copper-fertile hydrothermal system at Cross Hills. The discovery of copper and silver mineralization at N Dunns is a key validation of the project's IOCG potential and confirms nine drill targets. As we transition into the drill phase, we look forward to testing these targets and unlocking the value of this underexplored district." — Terry Christopher, CEO