Zonte Metals Discovers Two Large Gravity Anomalies at the K10 Target; Each Coincident with Copper Mineralization

Jan 29, 2024

(TheNewswire)

June 6, 2023 – TheNewswire - ZonteMetals ( TSXV:ZON is pleased to announce the discoveryof two large gravity anomalies at the K10 target, on its Cross HillsCopper project in Newfoundland, each anomaly spatially coincident withcopper mineralization.

Terry Christopher, President and CEO comments, "The K10 area comprises of the previouslydiscovered K10S and K10N targets. These targets are defined by copperin bedrock, coincident Cu-in-soil anomalies sitting in significantalteration zones. The recent gravity survey was completed over thelarge K10 area and has resulted in the discovered of two largeresidual gravity anomalies, one at each the K10S and K10N targets.These gravity anomalies measure 1300 by 400m and 1800 by 500m for K10Nand K10S, respectively. The K10N anomaly is potentially open alongstrike at both ends, while the K10S residual gravity signature is thestrongest discovered on the project to date. These targets will befurther advanced to drill stage with the completion of detailedgeochemical surveys and a magnetic survey. With these targets Zontenow has six targets that are near or at the drill stage."

The two residual gravity anomalies discovered at theK10 target are coincident with the previously discoveredcopper-in-bedrock and copper-in-soil anomalies. The K10 target areahas only been partially covered with ground magnetic surveys, however,where completed the K10N is coincident with magnetic highs while theK10S target is coincident with a change in the magnetic signature,where the signature changes from strong to moderate. This magneticsignature change may be related to magnetic destruction caused byhydrothermal alteration that could signify sulphide precipitation.Images of the K10 residual gravity anomalies can be found below and atthe Company's webpage where a more detailed project presentation isposted https://www.zontemetals.com/projects/cross-hills-copper-property

The K10 anomalies arelocated within a larger 4 by 6 km area that hosts numerous targetsincluding K6, K6S, K7, K8 and K9 targets. The Company is continuing toadvance these targets as it works to better define the newlydiscovered K6S target for drilling. Results dependent, both K6 and K6Swill be drilled in the same upcoming drill program. The K6 drillpermit is in hand . Sampling over the new K6Starget is completed and the Company is awaiting results.

Qualified Person

Donald Blake, P.Geo. is the qualified person as definedby NI 43-101 and has reviewed and approved the contents and technicaldisclosures in this press release.

Click Image To View Full Size

Figure 1. The newly discovered gravity anomalies withcopper in rocks and soils and the magnetic anomaly at the K10 target.

Figure 2. Plot of the 3D residual gravity anomalies atK10 target area.

About Zonte

Zonte Metals Inc. is a junior explorer focused on goldand copper. The Company owns 100% of the MJ project, in the TintinaGold Belt, located in the Yukon Territory, the Wings Point project inthe new Central Newfoundland Gold Belt, and the Cross Hills IOCGproject located in Newfoundland and Labrador. In Colombia; the companyhas a 25% carried interest in Project X wherehistoric drilling intersected significant gold mineralization and theCompany and partner have an application over open areas sitting on topof the open pit outline of the Gramalote Deposit in Colombia, which isheld by AngloGold Ashanti (NYSE:AU) and B2Gold (TSX:BTO, NYSE:BTG).The title issuance is being contested by the state governing theapplication and the Company has started legal action to protect itsrights.

Forward-Looking Information

This news release contains forward-looking statementswhich include statements regarding the Corporation's future plans,as well as statements regarding financial and business prospects andthe Corporation's future plans, objectives or economic performanceand financial outlooks. The Corporation believes that the expectationsreflected in this news release are reasonable but actual results maybe affected by a variety of variables and may be materially differentfrom the results or events predicted in the forward-lookingstatements. Readers are therefore cautioned not to place unduereliance on these forward-looking statements. In evaluatingforward-looking statements readers should consider the risk factorswhich could cause actual results or events to differ materially fromthose indicated by such forward-looking statements. Theseforward-looking statements are made as of the date hereof, and unlessotherwise required by applicable securities laws, the Corporation doesnot intend nor does it undertake any obligation to update or reviseany forward-looking statements. Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy of accuracy of this release.

For further information contact:

Terry Christopher

CEO and President

902-405-3520

[email protected]

www.zontemetals.com

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