FAQ: Zonte Metals' Copper and Silver Discovery at Cross Hills Project

What is the main announcement from Zonte Metals?

Zonte Metals has discovered copper and silver mineralization at the N Dunns target and identified nine drill-ready Iron Oxide Copper-Gold (IOCG) targets at its Cross Hills Copper Project in Newfoundland and Labrador.

Where is the Cross Hills Copper Project located?

The Cross Hills Copper Project is located in Newfoundland and Labrador, Canada.

What type of mineralization was discovered at the N Dunns target?

Copper-silver mineralization was observed in IOCG-style narrow veins (2-15 cm wide) with assay results showing 0.5% Cu, 14.3 g/t Ag, trace Au with >10% Fe from a grab sample.

How many drill-ready targets have been identified at Cross Hills?

Nine large-scale drill-ready IOCG targets have been identified through systematic exploration over the past seven years.

What are the dimensions of the geophysical anomalies discovered?

The anomalies display large-scale dimensions of up to 3,300 metres in length, 600 metres wide, and 1,000 metres in depth, with some remaining open along strike and at depth.

How much has Zonte Metals invested in the Cross Hills Project to date?

Approximately $5 million has been invested in systematic exploration including geophysics, geochemistry, and geological mapping.

What is the significance of comparing Cross Hills to Olympic Dam and Prominent Hill?

The comparison positions Cross Hills as an advanced exploration-stage project with similar scale and geological setting to globally recognized IOCG systems in Australia, making it attractive to mining companies.

What are the next steps for the N Dunns target?

With surface copper mineralization spatially above the target anomaly, N Dunns will be advanced to the drill stage, with remaining exploration including infill and extensions to both soil and gravity grids.

What cautionary notes does the company provide about the results?

The company notes that grab samples are selective and may not represent the mineralization in the target area, geophysical surveys are not definitive, results are at an early interpretation stage, and there is no guarantee of mineral discovery.

Who commented on the exploration results?

Terry Christopher, CEO of Zonte Metals, stated that the discovery validates the project’s IOCG potential and confirms nine drill targets as the company transitions into the drill phase.