Here is the news release. The drill hole data did not come out in a good format, but drill hits like 157 meters of 0.95 g/t and 451 meters of 0.7 g/t are huge drill hits. There is probably copper too
2020-09-15 10:17 ET - News Release
Mr. Terry Christopher reports
ZONTE METALS ANNOUNCES A 25% CARRIED INTEREST IN AN ADVANCED COLOMBIAN GOLD PROPERTY OPPORTUNITY
Zonte Metals Inc. has retained a 25-per-cent carried interest in an option agreement for a gold property in western Colombia. Zonte permitted Southern Sky Resources Corp. a private company, to enter into a five-year option agreement for the Project X property, which sits in the Cordillera Occidental of Colombia, in return for its retained interest.
Project X, is an advanced gold exploration property, wherein a total of 14 historic drill holes were completed during 1997 - 1998. A summary of the significant data is located in the following table. Note, none of the drill core was located for independent verification and the drill hole assay data was taken from publicly disclosed press releases pre-National Instrument 43-101 standards and hence the data is historic in nature.
Drill HoleFrom (m)To (m)Interval (m)Gold (g/t)
DH - 1 0.0 18.9 18.9 3.56
DH - 2 0.0 80.0 80.0 2.1
including 0.0 22.5 22.5 4.5
DH - 4 0.0 451.0 451.0 0.7
including 303.0 325.5 22.5 3.72
DH - 5 0.0 29.0 29.0 2.61
DH - 6 40.5 42.0 1.5 3.64
DH - 7 0.0 157.0 157.0 0.95
including 5.5 14.5 9.0 2.9
DH - 8 37.5 45.0 7.5 0.75
And 103.5 159.0 55.5 0.4
And 171.0 180.0 9.0 0.89
DH - 9 17.0 104.0 87.0 0.41
DH - 10 129.0 136.5 7.5 3.9
And 292.5 307.5 15.0 1.72
DH - 11 196.5 216.0 19.5 1.13
DH - 13 0.0 6.0 6.0 0.55
And 79.5 109.5 30.0 0.8
DH - 14 55.5 106.0 51.0 0.71
and 216.0 220.5 4.5 0.68
Both companies have been working together to secure the rights to the property over the last year with Southern Sky securing the five-year option agreement with a Colombian private company. Going forward, Southern Sky will be the operator and Zonte retains a 25% carried interest to a production decision in the option agreement. Zonte personnel have completed a number of due diligence visits to the property over the last 7 years. This included sampling known mineralized structures, confirming drill pads locations and confirming with the local association the previous drilling program. Geologically, the property appears to be a porphyry system with numerous breccia and vein structures. Southern Sky is in the process of mapping and sampling the property with local geological consultants and planning a geophysical survey. Southern Sky is completing a NI 43-101 document with the intention of listing on the TSXV.
Qualified Person
Jack King, P.Geo. is the qualified person as defined by NI 43-101 and has reviewed and approved the contents and technical disclosures in this press release.