August 09, 2012 TSXV – ZON
Zonte Metals Inc (TSXV-ZON) (the “Corporation” or “Zonte”) is pleased to provide an update on the Wings Point project.
Phase II at the Wings Point Gold Project has commenced and will consist of approximately 50 line kilometres of induced polarization (IP) and magnetic surveys. The line cutting crews are nearly complete and the geophysical crew is being mobilized and expected to start surveying in one week. The program will be carried out over eight different grids throughout the project, targeting areas of interest that have been generated from Zonte’s exploration work as well as compiled historic datasets.
The most advanced target on the Wings Point project is called the Pit Target and is characterized by two undrilled geophysical targets coincident with bedrock gold mineralization partially exposed in an operating gravel pit. The present geophysical program will include additional surveying on the Pit Target to reduce the present line spacing of 200 metres down to 100 metres. A recently completed, and now filed on SEDAR, National Instrument 43-101 technical report on the Wings Point Property recommended infilling previously completed survey to reduce the line spacing from 200 to 100 metres before the targets are drilled.
The Pit Target area is characterized by two large geophysical anomalies, named the Western and Eastern, with coincident gold in bedrock mineralization. At the Western Geophysical Anomaly the IP signature is 1200 metres in length and up to 150 metres wide, while the Eastern Geophysical Anomaly is 600 to 700 metres in length and 70 to 100 metres wide. Based on the geophysical data set both anomalies sit in the sub-surface with the Western Geophysical Anomaly potentially sub-cropping in places. The exploration model Zonte is working with is; the mineralization sitting above the anomalies at surface is potentially the result of mineralizing fluid migration through the more porous units from the targets below. A third anomaly, which is parallel, adjacent and similar in size to the Eastern Geophysical Anomaly is defined by soil geochemistry. Gold in bedrock mineralization has also been identified coincident with this target.
The Corporation will provide an update on the survey and results once the program has been completed and the data has been interpreted.
Qualified Person
Dean Fraser, P.Geo is the qualified person as defined by NI 43-101 and is responsible for the preparation of the technical disclosures in this press release.
About Zonte
Zonte Metals Inc. is a junior explorer focused on gold. Our model is to find projects with large scale potential and to that end the Corporation is actively reviewing and completing field due diligence on projects in the USA, Canada and South America.
Forward-Looking Information
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.
There can be no assurance that the exploration program will identify any priority targets. The actual results and future events could differ materially from those anticipated in this news release. The time frames identified to work programs and other activities may vary significantly from actual completion of the proposed work programs.
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 TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.
For further information contact:
Terry Christopher
CEO and President
408 – 1550 Bedford Highway,
Bedford, NS,
B4A 1E6
Tel: (902) 405-3520
info@zontemetals.com
www.zontemetals.com
A mineral exploration company with an attractive capital structure and solid management.
Zonte is focusing on three Canadian projects; one copper and two gold projects. Drilling on the copper and one gold project has identified two discoveries.
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