Zonte Provides Update on Colombia Activities
26.03.2014 | CNW
![Zonte Provides Update on Colombia Activities](https://www.goldseiten.de/media/goldseiten-news.jpg)
Over the past 18 months, Zonte has continued to pursue various mineral property opportunities in Colombia. During this time, the Company has established strategic relationships at many levels, including individual title holders, associations or groups controlling titles, communities controlling strategic land packages and individuals representing unique opportunities. Through these relationships, Zonte identified and, in collaboration with strategic partners (together the "Applicants"), has made applications for three exploration licenses covering areas believed to be highly prospective. The areas were confirmed as open ground on the government's website and the Applicants' applications have been confirmed as the first received following commencement of the application process. The applications, made to the Agencia Nacional de Mineria (ANM), were followed up with the required supporting documentation and are understood to be progressing through a detailed review process. Subject to review and approval by the authorities, the titles are expected to be issued to the Applicants, however, the timing and outcome of the review process remains unknown as of this date. Upon receipt of the titles by the Applicants and subject to board and regulatory approvals, Zonte can acquire each of the mineral concessions for an agreed number of Zonte common shares.
Additionally, internal review of regional geology, published documentation and property submissions has identified multiple areas of interest and resulted in over 80 properties being visited and sampled. These internally generated areas of interest have varied from early stage regional targets to more advanced drill ready and historically drilled and/or producing projects. Negotiations have yet to result in a final agreement but the Company continues to pursue those targets of highest quality and merit and will report developments from its ongoing initiatives and discussions.
Zonte Metals Inc. is a junior explorer focused on gold and copper. In addition to Zonte's pursuit of resource opportunities and strategic relationships within Colombia, the Company is preparing to drill its bulk tonnage target Wings Point Gold Project in Newfoundland.
Forward-Looking Information
This news release contains forward-looking statements which include statements regarding the Corporation's future plans, as well as statements regarding financial and business prospects and the Corporation's future plans, objectives or economic performance and financial outlooks. The Corporation believes that the expectations reflected in this news release are reasonable but actual results may be affected by a variety of variables and may be materially different from the results or events predicted in the forward-looking statements. Readers are therefore cautioned not to place undue reliance on these forward-looking statements.
In evaluating forward-looking statements readers should consider the risk factors which could cause actual results or events to differ materially from those indicated by such forward-looking statements. These forward-looking statements are made as of the date hereof, and unless otherwise required by applicable securities laws, the Corporation does not intend nor does it undertake any obligation to update or revise any forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.
For further information:
Zonte Metals Inc
Terry Christopher, CEO and President
Tel: 902-405-3520
info@zontemetals.com
www.zontemetals.com