zonte metals

This is what Zonte needs,a huge drill program,ours are too small,but i know,it takes $$$ without diluting too much.

alexgreat wrote: The Post calls it a massive rally 'NOT' lets look at it in perspective of how far it plunged.

What is truly massive is this drill program, they are only about 30 kms from Zonte's Wings and this large amount of drilling will create a lot of attention on the area

2020-08-17 10:24 ET - News Release


Mr. Collin Kettell reports

NEW FOUND GOLD COMMENCES 100,000-METER DRILL PROGRAM AT QUEENSWAY PROJECT, NEWFOUNDLAND

New Found Gold Corp. has commenced drilling at its Queensway project, located in central Newfoundland.

Highlights:

Diamond drilling commenced at the Little/Powerline zone, along the Appleton fault zone, on Monday, Aug. 17.

An initial six holes (800 metres (m)) are planned at the Little/Powerline zone to follow up on surface mapping and sampling, including a channel sample of 18.6 grams per tonne (g/t) gold (Au) over 7.5 metres.

Following completion of the initial six holes at Little/Powerline, the first drill will be moved to the Keats zone to follow up on the discovery intercept of 19.0 m of 92.9 g/t gold starting at 96 m downhole. An initial 12,000 m of drilling is planned at Keats.
The company plans to ramp up to four drills by the end of September, resulting in approximately 2,000 m per week of core production.

Drill plans are now developed for seven additional gold-bearing targets: 1744, Pocket Pond, Logan/Lochlan, Zone 36, Lotto, Road and Cokes zones.

Recent trenching has uncovered new mineralization in three areas with one new zone (Zone 36) demonstrating visible gold coincident with mineralization and textures typical of epizonal-type mineralization. Zone 36 is located 2.5 kilometres (km) north of discovery hole NFGC-19-01, along the Appleton fault structure.

Collin Kettell, executive chairman of New Found, stated: "We are excited to begin our 100,000-metre drill program at Queensway. Historical exploration has confirmed there are multiple near-surface high-grade gold targets along five km of the Appleton fault zone trend and we are planning to grid drill much of this five-kilometre-long target area."

Have an order for 1k at $0.235 on the bid.

The Post calls it a massive rally 'NOT' lets look at it in perspective of how far it plunged.

We need almost another 500% increase to get to 2011 levels. The first move off the bottom is often a surprise and not believed.

ron wrote: The 25k at $0.23 on the bid disappeared ?

Many traders just put in day orders so they drop off at end of day. Maybe decided to buy another hot tip? Here is depth this morning, looks pretty even

People, wake up and smell the coffee. There is a huge staking rush going on in NFLD and it is only a matter of time before new investors discover ZON. Another joined the party today

Mariner to acquire 356.5 square km in Newfoundland

2020-08-21 09:16 ET - News Release


Mr. John Williamson reports

MARINER ACQUIRES ADDITIONAL PROPERTIES TO CONSOLIDATE ITS LAND POSITION AT THE GREAT BEND PROJECT IN NEWFOUNDLAND, CANADA, APPOINTS CHRISTOPHER HUGGINS TO THE BOARD

Mariner Resources Corp. has entered into an agreement to acquire 100-per-cent interest in additional properties within the Exploits subzone near the company's previously staked and acquired Mt. Peyton North, True Grit and Great Bend projects (see Mariner news July 29 to Aug. 7, 2020) located in Newfoundland, Canada. The Properties together consist of 1,426 mineral claims encompassing a land area of 356.5 square kilometres, providing further consolidation of land in the area. The company will acquire a 100-per-cent interest in the properties by issuing an aggregate of 1,083,300 common shares to the Vendors.

Property Highlights

Located within the Exploits Subzone of prospective siliciclastic sediments with the northern properties along the northern extent of the Dog Bay Line and the southern properties along the Gander River Ultamafic Belt (GRUB), which are both associated with gold mineralization in the area.
Consolidates land package around the True Grit Project which includes diamond drilling intercepts of up to 117 m of 0.60 g/t Au, incl 26 m of 0.83 g/t Au from surface (Moydow Mines, 2002), channel samples of 15.6 g/t Au over 1.0 m (Teck, 1990) and grab samples of 30.2 g/t Au (Teck, 1990). The property hosts a coincident Au-Sb-As soil anomaly to the northeast which measures over 2.6 Km by 0.80 Km that is untested.
The Properties geology and structure fit within the new exploration model for on structurally hosted, epizonal orogenic gold in the Exploits Subzone.
CEO John Williamson comments, "Mariner again continues to build its land position within the Exploits Subzone through both staking and in this case, acquisition of key claims. The acquisition of these additional claims continues to solidify our land position and will allow for more effective exploration programs as we move to active exploration on our Exploits Subzone projects."

Mariner believes that the Exploits Subzone, which runs 200 km from Dog Bay southwest to Bay d'Espoir, has been neglected since the last major exploration campaigns in the 1980's. The last 40 years have seen incremental advancements in the understanding of gold mineralization in the camp. The sum of this knowledge is now coming together in discrete and effective exploration models that the Company believes will drive major discovery. Mariner intends to leverage this shift in understanding and become one of the most extensive explorers in the Exploits Subzone.

Thanks for the chart Gambler. I bought more stock yesterday at .24. This was out in the Financial Post today that highlights your point. RonS has 1 of the top 2 as a pick!!!!!

The Financial Post reports in its Friday edition that gold exploration and early stage companies in other sectors are fuelling a massive rally at the TSX Venture Exchange, which has come roaring back after hitting rock bottom earlier this year. The Post's Gabriel Friedman writes that the S&P/TSX Venture Composite Index has more than doubled to 739.5, after dropping to a 10-year low of 358.04 in early March. Much of the surge has been driven by investors' newfound interest in all things gold, including junior gold companies, which are suddenly back in vogue as the price of bullion sits near an all-time high, trading near $2,000 an ounce. The junior and mid-tier gold miners have by some metrics outperformed their senior counterparts. "It's been quite a run here over the past six months for junior mining," said Dean Mcpherson at exchange owner TMX Group. "Precious metals, of course, is what started it all." Top performers on the TSX-V include Pure Gold Mining, up 316 per cent since early March, to $2 a share, and Great Bear Resources, up 274 per cent during the same period, to $15.74. Both are developing gold projects near Red Lake, Ont., and Pure Gold plans to produce gold by the end of the year.

Pasta wrote: I do hope zonte stock price increases but things have gotten pretty old over the last 13 years.
The stock was a bargain from 8 - 20 cents years back but its a stretch to say now, that its a bargain under 25.
There’s no guarantee where this stock will go.
From past performance it’s not screaming BUY !

I guess it depends how you look at it. The company has done a lot more drilling in the last year or two then it has been doing. As I think Golden Boy pointed out, the stock performed better than the vast majority in the bear market.

This bull market is in very early days and juniors have just woke up in the last 2 months as shown on the tsxv chart breaking above the February level in July. If ZON was a good performer in a bear market, I think it will do well in a bull market.

I do hope zonte stock price increases but things have gotten pretty old over the last 13 years.
The stock was a bargain from 8 - 20 cents years back but its a stretch to say now, that its a bargain under 25.
There’s no guarantee where this stock will go.
From past performance it’s not screaming BUY !

flynn wrote: probably cause they think they can get it cheaper...

Maybe or maybe not,otherwise,all under $0.25 is a bargain.

probably cause they think they can get it cheaper...

The 25k at $0.23 on the bid disappeared ?