Zonte Metals Inc.

TSXV: ZON

Wings Point Gold Project

The Wings Point Gold Property is located on the island portion of Newfoundland and Labrador, about 30 kilometres north of Gander. The project, composed of 101 mineral claims covering 2525 hectares, is accessible by a network of paved and logging roads throughout the project.

Zonte acquired the property based on disseminated bulk tonnage mineralization exposed in an operating rock quarry. This project sits in a belt of rocks explored by Barrick Gold for Carlin style gold deposits back in 2002-2003. The belt is host to numerous known gold and mineral prospects and the past operating Beaver Brook Antimony Mine owned by Hunan Nonferrous Metals Corporation and which is located about 50 km south of the property. This belt has been explored for the last 20 years, mostly for narrow high-grade gold structures, however, Zonte will be targeting the sediment hosted bulk tonnage potential.

The main target area is exposed in an operating rock quarry, where rock removal over the last 15 years has uncovered mineralized bedrock. Of note, is the frequency of the mineralized zones has been increasing with rock removal over the last 10 years. There are two main targets exposed in the quarry and have coincident bedrock mineralization, soil geochemistry and IP signatures. The two targets are generally referred to as the Western and Eastern Targets. Note a third target called As-in-soil is part of the Eastern, but differentiated by the strong arsenic-in-soil values.

The IP geophysical data suggests the targets lie between 5 and 15 metres below the surface, and extend to 75 metres depth in the quarry area. The 75 metre depth was the total depth penetration of the IP survey, so one line was re-ran to a depth penetration of 150 metres where both anomalies were present and still open to depth. Based on the IP survey the Western Target is up to 1200 metres in length and 75-150 metres wide, while the Eastern Target (inclusive with the As-in-soil target) is 700 – 800 metres in length and about 225 metres wide. Sampling along strike to the Eastern Target suggests at least another 120 metres length to the target. The two large targets are parallel and about 120 metres apart.

Figure 1. Image of the pit area displaying coincident geophysical and soil geochem targets with the known gold in bedrock zones.                                                                                                                      (Click to enlarge image)

Although the targets sit below the surface, mineralization exposed at the surface in the quarry is hypothesized to have been deposited above the main geophysical targets through porous sedimentary units or fracture zones. Rock sampling above and along the Eastern Target has returned gold from 0.1 to 1.20 g/t, while above and along the Western Target gold values from 0.1 to 6.92 g/t have been recorded. The image below is a working schematic of the model believed to represent the geophysical targets and the gold mineralization seen at surface.

Figure 2. Schematic model for the Eastern and Western Targets.
(Click to enlarge image)

The targets appear to be situated in structural zones. The Western Target appears to be in a horst and graben structure in some locations, while in other areas it’s not clear the structural relationship. This target does show silicification and increasing micro quartz-veining with mineralization. The Eastern zone, which is better exposed, shows mineralization associated with a strain zone that has been silicified in places. This zone appears to lack the micro quartz-veinlets seen in the Western Target, but does exhibit silicification coincident with mineralization.

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