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TSXV: ZON



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HALIFAX, NS, June 18, 2020 /CNW/ – Zonte Metals is admiring to accommodate the afterward amend on the advancing appearance 2 assignment affairs at its Cross Hills Iron Oxide Chestnut Gold (IOCG) Project. The Company additionally wishes to advertise it has completed the appearance 1 assignment affairs at its Wings Point Gold Project.

At the Cross Hills IOCG project, winter conduct included the achievement of four holes with a fifth in advance at the Dunns Abundance target. The winter affairs was shut bottomward due to the bounce thaw. The assignment holes focused on the eastern ancillary of Dunns Mountain.



Highlights:



DH-20-03 intersected attenuated high-grade silver, chestnut and tungsten mineralization with a 0.12m breach abiding 2048 g/t silver, 1.17% copper, > 0.1% tungsten and trace gold.

DH-20-01 intersected continued intervals of broadly spaced aerial fractures absolute chestnut mineralization.

DH-20-02 intersected intervals of aberrant chestnut ethics with zinc and advance mineralization which has been articular borderline to some IOCG deposits.

Drill holes CH-20-01 through to 03 were accomplished on the eastern ancillary of Dunns Abundance while the abundant snow awning accustomed for easier logistics. These holes activated the abstinent to anemic force aberration associated with the eastern ancillary of the alluring anomaly. DH-20-01 was accomplished from east ancillary of the abundance to the southwest. Several intervals of beheld mineralization were acclaimed including; 122.5 to 139m which alternate aberrant chestnut ethics and amid 305 and 405m area broadly spaced aerial fractures absolute chestnut mineralization was noted. The after breach of mineralization is agnate in attributes to the mineralization articular in CH-19-09 area spaced aerial mineralized fractures were intersected amid 120 – 160m and 220 – 275m (see March 3, 2020 columnist release). DH-20-02 showed several intervals of aberrant chestnut with animated zinc and advance values. The intervals amid 98.24 – 100m and 157.31 – 161.2m recorded zinc ethics up to 0.69% zinc with aberrant advance and copper. DH-20-03 was the best eastern assignment aperture aimed at accustomed the alien banned of the about-face aura at Dunns Mountain. This assignment aperture intersected a 0.12m area of high-grade argent amid 291.40 – 291.52m which alternate 2048 g/t silver, 1.17% copper, > 0.1% tungsten and trace gold.

DH-20-04 was accomplished from the top of the acropolis aback in an almost east-northeast administration appear the high-grade argent breach in CH-20-03. The aperture deviated from the ambition and didn’t bisect the bump of the mineralized zone. A cardinal of attenuated veins absolute bornite mineralization were absorbed in this hole.

DH-20-05 was started above-mentioned to the bounce thaw and chock-full at 180m back snow altitude deteriorated. This aperture did bisect several attenuated zones of mineralization at the top of the aperture with one 0.45m breach abiding 0.35% copper, 6.5 g/t argent and trace gold. Conduct has restarted and this aperture will ambition a added area of the Dunns force and alluring profile.

Drilling on the eastern ancillary of Dunns Abundance showed alternate aberrant copper, access pyrite agreeable as able-bodied as sphalerite mineralization. These mineral assemblages are sometimes associated with the ambit of IOCG systems and this abstracts will be acclimated in the architecture of the continuing assignment affairs at Dunns. The notable lengths of broadly spaced aerial fracturing absolute chestnut mineralization in CH-20-01 which was agnate to that ahead absorbed on the south ancillary of the abundance warrants added testing as does the accessible addendum of the attenuated high-grade argent in DH-20-03. The Company continues to assay assorted genitalia of the ample 1300m by 600m force and ancillary alluring aberration at Dunns Mountain.

The assignment affairs at the Wings Point Gold Activity has been completed with six assignment holes testing assorted targets on the Property. The assignment amount is anon actuality split, sampled and alien to the lab. The after-effects will be appear already abstracts has been received.

Qualified PersonDean Fraser, P.Geo. is the able actuality as authentic by NI 43-101 and has advised and accustomed the capacity and abstruse disclosures in this columnist release.

Rock and Agreement and Assignment Sampling ProtocolAll assignment amount was logged and able for accession on armpit and alien to Eastern Analytical in Springdale, NL beneath alternation of custody. QA/QC included the analytical admittance of certified standards and blanks. Samples were described, tagged and closed above-mentioned to actuality transported to the lab area the samples were analyzed for the ICP-34 amalgamation (34 aspect 4 acerbic leach, ICP-OES finish) and the Fire Assay (30g) with AA finish. Eastern Analytical additionally provides its own centralized QA/QC agreement of blanks, duplicates and standards in anniversary assignment order, which is supplied to the Zonte with the bedrock sample analysis.

About ZonteZonte Metals Inc. is a inferior charlatan focused on gold and copper. The Company has active Option Agreements to access 100% of the McConnells Jest project, in the Tintina Gold Belt, amid in the Yukon Territory and the Cross Hills IOCG activity amid in Newfoundland and holds a 100% absorption in the assignment accessible Wings Point Gold Activity additionally amid in Newfoundland. In addition, the Company and accomplice accept an appliance over accessible areas sitting on top of the accessible pit outline of the Gramalote Deposit in Colombia, which is captivated by AngloGold Ashanti (NYSE:AU) and B2Gold (TSX:BTO, NYSE:BTG). The appellation arising is actuality contested by the accompaniment administering the appliance and the Company has started acknowledged activity to assure its rights.

Forward-Looking InformationThis account absolution contains advanced statements which accommodate statements apropos the Corporation’s approaching plans, as able-bodied as statements apropos banking and business affairs and the Corporation’s approaching plans, objectives or bread-and-butter achievement and banking outlooks. The Corporation believes that the expectations reflected in this account absolution are reasonable but absolute after-effects may be afflicted by a array of variables and may be materially altered from the after-effects or contest predicted in the advanced statements. Readers are accordingly cautioned not to abode disproportionate assurance on these advanced statements. In evaluating advanced statements readers should accede the accident factors which could account absolute after-effects or contest to alter materially from those adumbrated by such advanced statements. These advanced statements are fabricated as of the date hereof, and unless contrarily appropriate by applicative balance laws, the Corporation does not intend nor does it undertake any obligation to amend or alter any advanced statements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that appellation is authentic in the behavior of the TSX Venture Exchange) accepts albatross for the capability of accurateness of this release.

SOURCE Zonte Metals Inc.

View aboriginal content: http://www.newswire.ca/en/releases/archive/June2020/18/c9332.html

Terry Christopher, CEO and President, 902-405-3520, [email protected], www.zontemetals.comCopyright CNW Group 2020

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