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The latest announcement is out from Zonte Metals ( (TSE:ZON) ).
Zonte Metals Inc. announced the extension of a gravity anomaly at its Big K target within the Cross Hills Copper Project, marking the discovery of the seventh large-scale anomaly. The recent survey identified two new gravity anomalies, extending the total length to 2.2 km, with significant copper-in-soil anomalies and bedrock copper showings. This development underscores the high-priority nature of the target and aligns with the company’s exploration strategy. Additionally, Zonte received a grant from the Government of Newfoundland and Labrador, recognizing its exploration efforts in 2024. The termination of an option agreement for the Wings Point East Project by Southern Sky Resources Corp was also noted.
More about Zonte Metals
Zonte Metals Inc. is a company involved in the exploration and development of mineral resources, primarily focusing on copper projects. The company is actively working on the Cross Hills Copper Project located in Newfoundland and Labrador, where it has identified multiple large-scale gravity anomalies indicative of potential copper deposits.
YTD Price Performance: 5.00%
Average Trading Volume: 92,000
Technical Sentiment Signal: Buy
Current Market Cap: $3.5M
For a thorough assessment of ZON stock, go to TipRanks’ Stock Analysis page.