zonte metals

Close at Day Low, arrgh

Close at Day Low, arrgh

Ron :
Excellent Anglo Gold Ashanti finding and sharing ....
Also , very good explanation on Hematite...
Thank you

Great to see Gold over US $ 1,500

alexgreat wrote: and B2Gold up over 10% this morning and my position now up 80%. They will have tons of cash to help Anglo pay off Zonte

Here's the question i asked Katie,i'm still waiting for her response,

Hi Katie,

I did more research and I remain even more puzzled,

I looked into this with some depth and upon the revelation in AngloGold's pre-feasibility about Zonte's claim block as risk.

thevault.exchange/?get_group_doc=143/151...erveforGramalote.pdf

On or about page 8 under 1.5 Legal Aspects and Permitting. I quote below:

""Gramalote has 17 Land Restitution Proceedings and although the risk is low the legal processes could hinder or delay some activities. To the date of this report, the legal proceeding that was filed by a third party (Natalia Nohaba Vallejo) against the administrative act issued by the Mining Authority (Antioquia Secretary of Mines) is underway. The Mining Authority (Antioquia Secretary of Mines) did not grant to third parties mining rights requested over some “corridors” existing within Mining Title 14292 area, which title holder is Gramalote. It is worth noting that the “corridors” arise from graphic defects of the Mining National Cadastre. Gramalote requested to become a party of the judicial proceeding abovementioned and recently it was accepted as such. With this, Gramalote will be able to support the legal and technical thesis stated by the Mining Authority (Antioquia Secretary of Mines) throughout the proceeding. Gramalote ́s legal counsel undertook a risk assessment categorizing the risk of potential impact to the Project, as low. If the legal precedent maintains, the status quo of the mining area should maintain as well. The “corridors” or graphic defects of the National Mining Cadastre are not considered as free areas, and in case they should be considered a free area, Gramalote would have a first right in time as it is the first applicant. ""

The third party is Zonte's partners. There is precedent in Colombia where Galway Resources -GWY- was awarded fractional claims from 'the graphic defects of the Mining National Cadastre.' It is my understanding that these are not defects but miners must use the National Cadastre when staking claims in Colombia to avoid the problems that now face Anglo. It is also worth noting that Zonte's legal council is the former minister of mining in Colombia and as such is well versed in the local laws.

Anglo advised you that Zonte's claim is without merit, but their public documents admit it is risk, even though it is stated as 'low risk'.

My other concern as a B2Gold shareholder is CEO,Clive Johnson has been talking up Gramalote publicly on BNN TV, but the company has not revealed in any public documents the about the risk. Depending what happens,it could expose B2Gold to class action lawsuits ?

and B2Gold up over 10% this morning and my position now up 80%. They will have tons of cash to help Anglo pay off Zonte

B2Gold Reports Strong Second Quarter 2019 Results; Record Quarterly Gold Production of 246,000 oz, 8% Above Budget; Beat Against Budget for Cash Operating Costs and AISC

"At the Gramalote Project joint venture in Colombia (AngloGold Ashanti/B2Gold), the companies are reviewing budgets to complete significant resource infill drilling and advance permitting and feasibility work in 2019, and into 2020."

flynn wrote: Maybe Zonte can try to take advantage of this new market. Buy some advertising. They back out on 321gold.com. zonte can have Canada first major discovery, but if this volume continues it wont mean dust balls.

Build it and they will come - the IOCG field of dreams can come true

good find ron, I did some digging too

Hematite-dominant IOCG deposits have higher copper grades and greater potential for world-class reserves (Hitzman et al., 1992; Haynes, 2002)

The discovery of iron oxide copper-gold (IOCG) mineralization at Prominent Hill in the Mount Woods inlier (South Australia) by Minotaur Resources Ltd. in November 2001 was based on an empirical exploration model that focused specifically on the hematite end member of the IOCG ore deposit model type.

Copper and gold-bearing hematite-rich breccias formed by repetitive hydrothermal brecciation, milling, and explosive venting within a volcanic setting. High-pressure spalling, chemical corrosion of breccia clasts, and compositional layering within the breccias are distinctive features. Iron oxide-sericite-silica alteration is pervasive within and marginal to the main breccias and is surrounded by a wider zone of less intense alteration. Iron, copper, gold, barium, fluorine, uranium, cerium, and lanthanum are strongly correlated and associated with a relatively low temperature hydrothermal system. Mineralization was synchronous with volcanism and sedimentation within a narrow east-west–trending graben that developed at ~1585 Ma.

NFLD. great place for junior exploration support

The Junior Exploration Assistance Program (JEA) aims to grow the mineral inventory of the Province through the discovery of new mineral districts, occurrences, prospects and deposits. The program also aims to advance mineral discoveries through the stage of defining NI 43-101 compliant mineral resources and to enhance Newfoundland and Labrador’s competitiveness as a world class mineral exploration destination. Companies primarily engaged in mineral exploration and/or mining may be eligible, and are permitted to be in receipt of direct or indirect revenues from mineral/mining operations.

The JEA budget for the 2019-2020 calendar year is $1.3 million. This funding will provide financial support of 40-75% of approved exploration costs, to a maximum of $150,000 per project on the island of Newfoundland and $225,000 for Labrador-based projects. Please review the program guidelines for more details.

The Program guidelines have been split into two parts: the first covering the basics of the Program and requirements for submitting a Letter of Intent; the second covering the requirements / standards for the final report. There has been no significant change to the Program, the guidelines have been modified for clarity. It is the responsibility of parties interested in JEA support to be familiar with and meet the requirements of the Guidelines. The Technical and Financial Report Guidelines will be posted once finalized.

www.nr.gov.nl.ca/nr/mines/exploration/mip/jea.html

My guess is August at earliest and before end of September at latest

Hematite

geology.com/minerals/hematite.shtml

Hematite is the world’s most important ore of iron. Although magnetite contains a higher percentage of iron and is easier to process, hematite is the leading ore because it is more abundant and present in deposits in many parts of the world.


Why is hematite used over magnetite? Magnetite has more iron content.

www.quora.com/Why-is-hematite-used-over-...as-more-iron-content

Once the gravity survey is completed the company will mobilize a drill to possibly test viable targets at K6 and K8,

just wondering when the drill program will begin,could the end of september be a possibility ?