TSXV: ZON
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 1.5km south of the K8 target and is the eighth anomaly discovered on the
The K9 target has been delineated over a 400m strike length. A number of samples collected along the 400m strike length contained local disseminations and veinlets of chalcopyrite, chalcocite and bornite. One sample returned 1.76% Cu, 12.4 g/t Ag and trace gold. Two other samples along strike returned 0.63% and 0.11% 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. More information on the target areas can be found at http://zontemetals.com.
The Company is also pleased to announce it has applied for exploration permits for the upcoming exploration season in the
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Rock and Soil Sampling Protocol
All sampled were collected in a careful and diligent manner. Rock samples were shipped to Eastern Analytical in
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This news release contains forward-looking statements which include statements regarding the Corporation's future plans, as well as statements regarding financial and business prospects and the Corporation's future plans, objectives or economic performance and financial outlooks. The Corporation believes that the expectations reflected in this news release are reasonable but actual results may be affected by a variety of variables and may be materially different from the results or events predicted in the forward-looking statements. Readers are therefore cautioned not to place undue reliance on these forward-looking statements. In evaluating forward-looking statements readers should consider the risk factors which could cause actual results or events to differ materially from those indicated by such forward-looking statements. These forward-looking statements are made as of the date hereof, and unless otherwise required by applicable securities laws, the Corporation does not intend nor does it undertake any obligation to update or revise any forward-looking statements. Neither the
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