News Hub | News Direct

All Industries


Article thumbnail News Release

Metis Announces Major New Collaborations Advancing Self-Sustainability

Metis

Ethereum Layer-2 roll-up platform Metis is excited to announce major collaborations with Chainlink Labs, EigenLayer, Renzo, Ethena, and DeFi Kingdoms. These collaborations will make Metis even stronger and more accessible—a superfluid self-sustaining blockchain—by enabling better user experiences and deeper liquidity. Many Ethereum Layer 2 (L2) networks offer low transaction costs and decent user experiences. But for long-term viability, an L2 also needs to be self-sustaining with deep liquidity. Metis already has the lowest transaction fees among its peers and will soon be the first Ethereum L2 with a decentralized sequencer, removing a centralized point of failure and protecting Metis’s future. As a part of these new developments, the Metis bridge interface will be upgraded to leverage Chainlink CCIP as the official cross-chain infrastructure to power the canonical Metis token bridge, with an initial focus on bridging leading stablecoins from Ethereum mainnet onto the Metis network. Over time, additional blockchain networks and tokens are expected to be supported to further accelerate the growth of the Metis ecosystem. Additional information on the migration will be provided in the near future. Over the next couple of months, EigenLayer will integrate Metis, creating a new liquid-restaking layer to the Metis ecosystem and dramatically boosting the network’s liquidity. Native and cross-chain restaking on Metis will come first, followed by dual restaking with $METIS, the Metis network token. Eigenlayer will also allow users to use $METIS to pay for EigenDA, EigenLayer’s hyperscale data-availability layer, with additional functionality for future actively validated services (AVSes) and roll-up services coming in mid-2024. Metis’s partnership with Renzo will bring native ETH restaking. Using Connext’s Restake from Anywhere module, users will be able to deposit Metis-native ETH into Renzo for ezETH without worrying about bridging and restaking manually. This will unlock easier access to DeFi within the Metis ecosystem. Ethena will also contribute a key component to Metis's new liquidity layer: the yield-bearing stablecoin USDe. Protected by LayerZero's security, USDe allows users to deposit traditional fiat, ETH, or liquid staking tokens (LSTs) and earn yield while minimizing risk through delta-neutral hedging. Bridging USDe from multiple blockchains to Metis will give users flexible investment options and nicely complement Metis's recent Liquid Staking Blitz. Ethena users can also bridge their USDe to Metis from multiple chains, all powered and secured by LayerZero. Lastly, after two years of development, DeFi Kingdoms (DFK) will deploy a new, eagerly awaited combat mode of their game on Metis, introducing player-versus-player (PvP) battles and tournaments in the Colosseum. At launch, this feature will live exclusively on Metis. On Avalanche, DFK generated up to $130 million daily at its peak, so the new game mode has significant potential to bring players and transaction volume to the Metis blockchain. Together, these five developments will give users compelling new reasons to choose the Metis ecosystem while eliminating more of the pain points associated with L2 networks. With new value propositions and substantial new incoming liquidity building on a successful foundation of low fees and increasing decentralization, Metis is well-positioned to be a superfluid, self-sustaining blockchain. About Metis Metis is an EVM-equivalent Ethereum Layer-2 protocol focused on bridging the gap between Web2 and Web3. Metis provides users with a secure, decentralized, scalable, and easy-to-use network. Contact Details Colin Landers colin@energentmedia.com Company Website https://www.metis.io/

February 29, 2024 02:00 PM Mountain Standard Time

Article thumbnail News Release

Astral Resources delivers more high-grade gold

Astral Resources NL

Astral Resources NL (ASX:AAR) managing director Marc Ducler joins Jonathan Jackson in the Proactive studio to discuss the latest high-grade results from Kamperman prospect at the Feysville Project in Western Australia. The company drilled three more reverse circulation holes at the prospect with all three striking gold up to 12.6 g/t. Of 16 holes drilled, 10 have returned high-grade gold, indicating the target has high potential to hold economic gold mineralisation. Assays are now pending from infill and extensional data. Ducler believes the latest results can contribute to the potential future high-grade satellite ore feed to the company’s broader Mandilla Gold Project development. “The recent Kamperman discovery within our Feysville Project continues to deliver for Astral Resources," Ducler said. "A three-hole RC program yielded high-grade assay results in every hole, further reinforcing the exceptional high-grade potential at Kamperman. “A follow-up 2,459 metre RC program was immediately completed with assay results expected later this quarter as we continue to unlock the potential of this growing prospect which we have increasing confidence can contribute potential future high-grade satellite ore feed to our broader Mandilla Gold Project development.” Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com

February 29, 2024 03:45 PM Eastern Standard Time

Video
Article thumbnail News Release

Unlocking the Secrets to Global Impact - Dr. Christina Rahm's Entrepreneurial Triumph

Deep Root Causes Ventures

Dr. Christina Rahm, a visionary entrepreneur, scientist, and philanthropist, is set to captivate audiences with her insights as a featured speaker at SXSW in Austin at the Grit Daily House on March 10. With over 30 years of experience, Dr. Rahm has emerged as a trailblazer in addressing global issues through her groundbreaking work in entrepreneurship and scientific innovation. Dr. Rahm, holding degrees in counseling, education, philosophy, and strategic sciences, stands as a well-rounded powerhouse committed to holistic well-being. Her roles as a scientist, inventor, artist, and philanthropist showcase her diverse skill set. Operating under DRC Ventures, Dr. Rahm leads 12 entities dedicated to humanity's betterment and aims to create positive global change. The Root Brands, Ella Pure Beauty, Rahm Roast, and her book " Cure the Causes: Live the Life You Want, Not the One Prescribed " exemplify her commitment to transformative ventures. The Root Brands products foster exceptional lifestyles, Ella Pure Beauty is an all-natural skincare line, and Rahm Roast is an all-natural clean coffee blend. Dr. Rahm is currently immersed in pioneering research in pharmaceutical, nutraceutical, biotechnology, and environmental sciences, contributing to global advancements. Dr. Rahm recently visited the Kennedy Center in Washington, D.C., where she shared her new book, “Roots of Military Science: Understanding the intersection of conflict, mental health and wellness”. Last winter, she was also on a European speaking tour, giving several presentations at prestigious events such as the World Economic Forum in Davos, Switzerland, and more. Dr. Rahm's speaking engagement at SXSW will continue to provide insights into her disruptive vision. Dr. Christina Rahm, Ph.D., is an internationally known scientific leader, spokesperson, and innovator in health and wellness whose approach revolves around dismantling root problems. A living embodiment of her motto, "the most important environment is yours," she travels the world presenting, lecturing, and educating the private and public sectors about the bold new world of nutraceuticals, wellness strategies, and environmental solutions, ultimately paving the way for the advancement of humanity. Contact Details R Public Relations Madison Baber +1 210-213-2426 madison@rprfirm.com Company Website https://www.drc-ventures.com/

February 29, 2024 03:44 PM Eastern Standard Time

Image
Article thumbnail News Release

Benchmark International Successfully Facilitated The Transaction Between The Romack Group And Excel Management Systems, Inc.

Benchmark International

Benchmark International is pleased to announce the transaction between Romack Group and EXCEL Management Systems, Inc. The transaction represents a strategic expansion for EXCEL Management Systems, Inc. and a geographic expansion, as well as work to achieve scale through acquisitions. The Romack Group provides professional services, including employer of record (EOR), agent of record services, IT healthcare staffing, IT security, and contingent search. Established in 1993, they formed Romack Staffing International LTD, Romack Staffing International I, LLC, and Romack Resources LTD to offer varied services. EXCEL Management Systems, Inc. is a minority-owned small business headquartered in Columbus, Ohio, that provides IT solutions. EXCEL Management Systems, Inc. prides itself on mapping out innovative solutions based on its clients’ needs. They continue to focus on expanding relationships beyond clients’ basic requests, and forging this rapport helps develop a long-lasting relationship with clientele. “I really enjoyed working with Benchmark International through the process and appreciated the follow-ups and open communication regarding this opportunity being on the market. I also appreciated how quickly Benchmark International would respond with information received from the seller and how their management team maintained openness and transparency through the process.”- CEO, EXCEL Management Systems, Inc. Benchmark International brought multiple buyers to the deal table for this opportunity and gave Romack numerous offers to review and consider. The Benchmark International process held true and made the seller feel comfortable and excited to move forward with EXCEL to the finish line. “It was thrilling to work with our client through the meetings, questions, and comfort they needed to find the right cultural fit. We are all excited about the positive outcome achieved throughout this process. We look forward to seeing what the future brings for Romack and their team. Along with the growth EXCEL Management Systems can continue to see.”- Deal Associate Jeffrey Garza, Benchmark International Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkIntl.com Europe: Michael Lawrie at +44 (0) 161 359 4400 / Lawrie@BenchmarkIntl.com Africa: Anthony McCardle at +27 21 300 2055 / McCardle@BenchmarkIntl.com ABOUT BENCHMARK INTERNATIONAL: Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $11 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network as well as the #1 Sell-side Exclusive Privately-held M&A Advisor in the World by Pitchbook and Refinitiv's Global League Tables. Contact Details Brittney Zoeller +1 813-898-2350 zoeller@benchmarkintl.com Company Website https://www.benchmarkintl.com/

February 29, 2024 01:42 PM Eastern Standard Time

Image
Article thumbnail News Release

IntoTheBlock Integrates TRON Network Analytics

IntoTheBlock

Miami, Florida, February 29, 2024 - IntoTheBlock, a leading provider of on-chain analytics has announced the integration of the TRON network into its Market Intelligence suite. Thanks to a collaboration with TRON DAO, these advanced indicators will be available for free to the TRON DAO community. The TRON network, known for its reliability, large user base and efficiency, is one of the top layer-1 networks in the blockchain world. Specializing in decentralized applications, stablecoin usage, and more, TRON boasts over 210+ million total user accounts, over 4.5 million daily transactions and a total stablecoin market cap of ~$51 billion, representing over 37% of the entire stablecoin market cap. Jesus Rodriguez, CEO of IntoTheBlock, shared insights on the collaboration with TRON DAO: “Our mission has always been to democratize access to high-quality market intelligence across the cryptocurrency sector. Our collaboration with TRON DAO is a significant step towards realizing this. By integrating TRON's network into our Market Intelligence suite, we’re providing insights into one of the most important blockchain networks in the cryptocurrency industry.” The size and impact of the TRON network makes the public availability of on-chain indicators extremely valuable, as they enable millions of users to gain a deeper understanding of the TRON ecosystem. The integration provides TRON network users with more than 60 indicators to use for analyzing the network; all of the advanced analytics will be available for free. David Uhryniak, Ecosystem Lead at TRON DAO, commented on the integration: "We're excited to collaborate with IntoTheBlock to bring their comprehensive on-chain analytics to the TRON community. This aligns with our mission to enhance transparency and provide our users with valuable insights into the TRON network." With this integration, the TRON network will be featured in future releases of IntoTheBlock’s Perspectives, offering curated insights across various Layer-1 networks and key industry trends. About IntoTheBlock IntoTheBlock is a leading provider of on-chain analytics and advanced DeFi services for Institutional investors. With a focus on delivering actionable intelligence, IntoTheBlock stands at the forefront of empowering investors with comprehensive market insights. IntoTheBlock | TRON analytics | DeFi Risk Radar | Twitter | Medium Media Contact Vincent Maliepaard Marketing Director vincent.maliepaard@intotheblock.io About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of January 2023, it has over 209.21 million total user accounts on the blockchain, more than 7.07 billion total transactions, and over $19.41 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country. TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum Media Contact Hayward Wong press@tron.network Contact Details Vincent Maliepaard vincent.maliepaard@intotheblock.io

February 29, 2024 12:02 PM Eastern Standard Time

Image
Article thumbnail News Release

Aura Energy releases positive FEED study at Tiris

Aura Energy Ltd

Newly appointed Aura Energy Ltd (ASX:AEE) CEO Andrew Grove joins Jonathan Jackson in the Proactive studio to discuss the company’s uranium ambitions and its work at the Tiris Uranium Project in Mauritania, which is poised to become a leading global near-term uranium operation following the delivery of a positive Front End Engineering Design (FEED) study. Grove gives his insight into the FEED study and what the findings indicate about the project's potential. He also outlines the expansion plans for Tiris, highlighting the strategic direction and growth objectives. Further to this, Grove speaks about the Swedish Government’s potential reversal of its uranium mining ban and what this would mean for the company’s Haagan Project in Sweden, including a possible increase in Net Present Value and strategic positioning. Grove said: "The FEED study clearly demonstrates that Tiris will be a low-cost, high value, near-term uranium producer with the ability to scale in a very strong uranium market. The market is in structural deficit and likely to continue that way for an extended period. "The strong economics at Tiris are supported by the simple, low risk mining and beneficiation that delivers the high-grade, 1,750ppm to 2,000ppm U3O8, ore to the leach plant and there are no requirements for crushing or grinding the ore. "These high grades are only matched by the deep underground mines in Canada and exceeding any current or proposed open pit uranium mines worldwide.” Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com

February 29, 2024 11:30 AM Eastern Standard Time

Video
Article thumbnail News Release

AdvicePay and eMoney Streamline Workflow to Get Paid for Financial Planning with Integrations

AdvicePay

AdvicePay, the leading platform for processing payments and overseeing compliance of fee-for-service financial planning so advisors can get paid for their advice, announced today that it has launched new integrations with eMoney Advisor, a leading provider of technology solutions that helps people talk about money, that will offer efficiencies for joint customers navigating between the two platforms. With the integration, advisors can eliminate redundant tasks like logging in or creating client profiles in each platform. Advisors will also be able to send AdvicePay-generated documents, such as planning agreements or invoices, directly to their client’s eMoney vault, centralizing all important information related to their engagement with the advisor. “As more and more financial advisors charge standalone fees for their financial planning services, existing AUM-based workflows for billing from portfolio management systems may not work anymore. Instead, as financial planning becomes the central value proposition, financial planning software like eMoney becomes the central hub for clients… and so it’s only natural that financial planning fee billing capabilities become more deeply integrated to financial planning software,” said AdvicePay co-founder Michael Kitces. “We view the eMoney partnership as a unique opportunity to join forces with another leader in this space. Together, we are building an entire fee-for-service planning ecosystem to help advisors capitalize on the growing demand from consumers to be able to simply pay one-time or ongoing subscription fees for the advice relationship they want.” For AdvicePay and eMoney, the integration creates a natural synergy. The idea for the integration originated with AdvicePay clients, who expressed interest in having a tie-in between the two systems and will be available to all eMoney advisors looking to begin charging financial planning fees (or to expedite their billing workflows if they already charge for financial plans.) “We look forward to helping advisors simplify and streamline their workflow so they can more easily get paid fees for their value and spend their time doing what matters most: working with their clients to plan for the future,” said Ricky Illigasch, VP, Product Management at eMoney Advisor. In November, AdvicePay announced that it had completed its one-millionth transaction since its launch in 2018. Over the past two years, AdvicePay has experienced a 102% increase in advisors added to the platform and a 193% growth in transaction volume. In 2023, for the second straight year, AdvicePay was named one of America’s fastest-growing private companies on the prestigious Inc. 5000 list. To learn more about the AdvicePay platform, log onto www.AdvicePay.com. About AdvicePay Established by well-known financial advisors Michael Kitces and Alan Moore, AdvicePay is the industry-leading billing and payment workflow solution created specifically for fee-for-service financial planning. Financial services firms and their advisors benefit from efficient workflows designed exclusively to support their fee-for-service financial planning revenue, including up-to-date compliance and data security management, all in one unified platform. About eMoney Advisor, LLC eMoney Advisor, LLC ("eMoney") provides technology solutions and services that help people talk about money. Rooted in holistic financial planning, eMoney solutions strengthen client relationships, streamline business operations, enhance business development, and drive overall growth. Approximately 106,000 financial professionals across firms of all sizes use the eMoney platform to serve more 6 million households throughout the U.S. For more information, please visit: emoneyadvisor.com. Contact Details Shannon Beck +1 406-412-2047 media@advicepay.com Company Website https://advicepay.com/

February 29, 2024 11:20 AM Eastern Standard Time

Article thumbnail News Release

Ad Astra Media and Nuestro Stories Partner to Produce ‘Entre2Mundos’, a History-making Anime and Manga Series Inspired by Mesoamerican Civilizations and The Diaspora

Brilla Latina

Ad Astra Media and Nuestro Stories announced today at the 2024 AIMM GrowthFronts that they are joining forces to produce the innovative ‘Entre2Mundos’, the first ever anime and manga series set in the indigenous civilizations of Mesoamerica, as well as the Latin American communities and folklore that came afterwards. The series (see the short preview video here ) is the brainchild of director, writer, illustrator, and executive producer Marc Andrew Sanchez, who previously produced, directed and animated Sombras for Latino Public Broadcasting with Ad Astra Media. Carisse Jasmin Zepeda is the Creative Producer of the series and helps lead the amazing development team. Entre2Mundos follows the adventures of three friends who are forced to navigate a world inspired by pre-contact Mesoamerica, where diverse subcultures shape character designs. The series is the first anime to ever weave stories with rich influences from Mayan, Aztec, Incan, and Taino folklore, as well as South American, Afro Caribbean, and Central American culture. The theme of “in between” (entre dos) permeates the narrative amidst code-switching that will take place in the series between English, Spanish, Nahuatl, and other languages that fill the Latino diaspora. Nuestro Stories has joined the franchise as an executive producer, charged with developing distribution and business strategies and spearheading the PR & promotional efforts for E2M, including sponsorship sales, and other marketing partnerships. “We’re proud to join forces with a Nuestro Stories team that have the track record for storytelling, brand relationships, partnership experience, and shared vision that we need to bring this series to life,” said Jose Moray, CEO of Ad Astra Media, and executive producer of the series. “It’s an incredible opportunity and a privilege for Nuestro Stories to collaborate with the creators of E2M, a history-making anime series that so incredibly aligns with our vision and mission,” said Manny Ruiz, Chief Content Officer of Nuestro Stories, and an executive producer of the series. “Marc, Jose, and Carisse are shaping a franchise that taps into a fanatical, anime-loving global audience that is going to be wowed about what our ancestral cultural heritage represents.” Sanchez says the stories he’s crafting “draw from personal experiences as a Mexican-American and as a child of divorce, being fascinated by the history of Latinos before and after the conquest. I understand the impact of such stories, providing not only representation for various cultures and their myths and folklore stories but also resonating with those navigating family struggles in a universal way.” A Short Preview of Entre2Mundos A short video and image preview of the world of Entre2Mundos is available at this link. Sponsorship inquiries can be directed to alex@brillamedia.com. Anime is a $24 billion dollar global industry, and one that is totally untapped in the Hispanic and Latin American community that Entre2Mundos is building through the Mesoamerican narrative. Mesoamerica is a historical region and cultural area that begins in the southern part of North America and extends to the Pacific coast of Central America, thus comprising the lands of central and southern Mexico, all of Belize, Guatemala, El Salvador, and small parts of Honduras, Nicaragua and Costa Rica. About Ad Astra Media Ad Astra Media is a minority owned social impact production studio, focusing on creating diverse S.T.E.A.M. content from K to Career. We are a team of diverse individuals, seeking to inspire under-represented communities to pursue science, technology, engineering, arts and mathematics. We strongly support a more assorted group of professionals within these careers. This starts with our next generation… a generation of ambitious individuals, growing up in a transmedia world, who deserve to see the possible opportunities of their future. Ad Astra Media works with world renowned organizations and institutions, such as Netflix, Amazon Prime, Mattel, PBS Kids Virginia, The Clinton Global Initiative, NASA and more, who share this goal and strive to reach communities through the digital platforms and streaming services used daily. About Nuestro Stories Nuestro Stories is the flagship media brand of Brilla Media Ventures, and was founded with the premise of celebrating Latino heritage, history and origins every day. We offer multicultural marketers engaging cultural content across our O&O platforms Nuestro Stories and Brilla Latina, programmatic ad tech services for scalable media delivery, influencer marketing, creative studios, and activations. Nuestro Stories is led by Latino media pioneers Angela Sustaita-Ruiz and Manny Ruiz, creators of Hispanicize and co-founders of the Hispanic social media marketing, and influencer industries, the Latino press release wire industry, and the first network of Hispanic print media companies online. About Marc Andrew Sanchez Marc Andrew Sánchez hails from Yuma, Arizona, where growing up on the border profoundly influenced his perspective, straddling the cultural divide as a Mexican-American. He graduated from UCLA with a Masters in Fine Arts focus Animation production (2022). Under the mentorship of animation luminaries like Charles Sheetz, Mark Kirkland, Aaron Ehasz, and Jorge Gutierrez, all acclaimed for their Emmy and other prestigious awards, Marc’s artistic journey blossomed. Distinguished as the first ever animation directing student nationwide to be a recipients of the National Hispanic Foundations for the Arts Grant (2020), established by Jimmy Smits, Esai Morales, Felix Sanchez, and Merel Julia, Marc is driven by a passion to empower young adults by addressing their past traumas through his storytelling. With a vision to connect with the Latino community, Marc draws from his upbringing and previous experience as a high school educator to infuse authenticity into his narratives, aspiring to ignite the imaginations of future generations. Marc Sanchez is also the first to teach Latinx Animation History at UCLA in the Chicana/o and Central American Studies program and is an instructor at Exceptional Minds (a animation school for students on the Autism Spectrum.) Identifying as an artist and writer under the moniker “GIVE.ME.MÁS,” Marc aims to broaden the audience’s appreciation for Latin Anime, weaving cultural richness into his creations. About Carisse Zepeda Carisse Zepeda, a Mexican American creative from Riverside, California, is set to revolutionize the television landscape with her upcoming Latino sci-fi series. Zepeda’s artistic journey commenced at UCLA, where she achieved both a Bachelor’s degree in Design and a Master’s degree in Film and Television Production. Throughout her academic pursuits, Zepeda delved into emerging technologies, refining her skills in directing by seamlessly merging live-action with animation in her film projects. Collaborating with her esteemed art director, Marc Sanchez, who has previously contributed to several Latino projects alongside Zepeda, the duo has successfully navigated the creative realms of manga and TV series development. Fueled by a passion for dramatic fantasy, Zepeda made a decisive shift, fully immersing herself in the world of animation. Guided by her artistic vision and with the creative leadership of Marc Sanchez, the dynamic duo is spearheading the development of the imaginative world-building stories of E2M. Currently, Zepeda is meticulously crafting the final touches on her fully animated Latino sci-fi television pilot, promising audiences an enthralling and unparalleled viewing experience. Contact Details Ad Astra Media Lauren Kidd info@adastrasteammedia.com Rachel Matos rachel.matos@brillamedia.com Company Website https://brillalatina.com/

February 29, 2024 10:48 AM Eastern Standard Time

Image
Article thumbnail News Release

Zonte makes a discovery at the K6 target, drilling intersects multiple copper zones

Zonte Metals Inc.

Halifax, NS, Canada – TheNewswire - February 29, 2024 - Zonte Metals ( TSXV:ZON ) is pleased to provide an update on the K6 drilling program at it’s Cross Hills Copper Project in Newfoundland and Labrador.   Drill Program Highlights Visible copper mineralization observed in all 7 drill holes.   CH23-05 intersected 11.2m of 0.42% copper, including 2.65% over 0.5m.   CH23-06 intersected longest mineralized interval; 34.5m of 0.1% copper.   Mineralization is open along strike and to depth.   Chalcocite mineralization and copper grade increase with depth.   While K6 is the smallest target at Cross Hills; its success validates the effectiveness of the new exploration program.   This drill success indicates the project’s potential to become a new copper belt in Canada.     Terry Christopher, President and CEO comments; “We’re pleased to have made a discovery at the K6 target, following the last three years of additional surface exploration. The initial two years of exploration at Cross Hills targeted specific geophysical anomalies with moderate drill success, at best. The new combined exploration dataset has proven successful with the discovery at K6. Visually, copper was observed in all drill holes, with continuous intercepts up to 34.5m. The drilling also highlighted the presence of chalcocite as the dominant copper mineral. CH23-05 recorded 11.2m of 0.42% Cu with 1.41% and 2.64%, recorded in 0.7m and 0.5m, respectively. Mineralization remains open to depth and along strike, with copper grades increasing with depth as chalcocite percentages increase. The K6 target will be the immediate drill focus for the company and the drill permit has been applied for. The K6 target represents the first test of the combined data, and although the target is the smallest known target on the project, the drill success demonstrates that combined exploration techniques are effective for finding copper mineralization. This discovery is important on a larger property scale as it highlights the Cross Hill project is fertile with copper, potentially hosting a new copper belt in Canada.” A total of seven drill holes were completed, totaling 1741m, at the K6 target. The drill holes were positioned to test numerous aspects within the combined dataset, some of which remain untested. All seven drill holes intersected visual copper mineralization. Drill holes CH23-03, 05 and 06 recorded copper in widths up to 34.5m. Grades generally ranged from 0.10 to 0.40% Cu, with individual samples returning up to 2.64% Cu. Mineralization is characterized mainly by chalcocite, bornite and chalcopyrite with a general pattern of chalcocite becoming the dominant copper mineral with depth. The image below illustrates the K6 drill hole plan map with copper values and illustrates mineralization being open along strike, especially to the west.  Drill hole CH23-07, completed along strike to the west, intersected anomalous values, however, comparing the alteration sequence in the earlier holes to this one, suggests this hole may have drilled over mineralization. Click Image To View Full Size   Figure 1. Drill hole plan map with copper grades.   Table 1. Drill hole assay data from the K6 drilling.   *Note. The true width of the tabled intervals is unknown at this time.   Table 2. Drill collar summary table for the K6 drill holes.     Drill holes CH23-02, 03, 05, and 06 were completed in a fence-like pattern, as illustrated in Figure 2. Mineralization in these drill holes shows increasing grade with depth and remains open at depth. The deepest hole, CH23-05, returned 11.2m of 0.42% Cu. Within that interval, the highest values from the drilling were recorded at 1.41% and 2.64% Cu over 0.7m and 0.5m, respectively. While CH23-02 did not yield consistent values, visually, the alteration and rock type in this hole suggest that the mineralization in CH23-06 may constitute a separate zone from that in CH23-03 and 05, which remains open to depth. Click Image To View Full Size   Figure 2. Drill hole cross-section through CH23-02, 03, 05 and 06. The recent drilling completed at the K6 target was the second phase of drilling at this target. Two drill holes, totalling 445m, were completed in 2019 and designed to test the magnetic and gravity signatures. Only slightly anomalous values were recorded in 2019, with the single best interval being 0.01% Cu over 5m. The significant improvement in copper grades in phase 2 illustrates how integrating the additional exploration techniques over the last three years has improved the understanding of the mineralizing system. On the project scale, the drill success at K6 highlights the potential in the remaining 11 targets. Throughout the project, the company has been actively conducting similar exploration across all targets as it did at K6. These programs have advanced many targets to near-drill stage. Figure 3 illustrates the 12 targets at the Cross Hills Copper Project. Additional information on the project can be found at the following link  https://www.zontemetals.com/projects/cross-hills-copper-property. Click Image To View Full Size   Figure 3. Twelve targets identified at the Cross Hill Copper project superimposed on various magnetic survey datasets. Qualified Person Donald Blake, P.Geo. is the qualified person as defined by NI 43-101 and has reviewed and approved the contents and technical disclosures in this press release.   Rock and Protocol and Drill Sampling Protocol All drill core was logged and prepared for shipment on site. Samples were shipped to SGS Canada preparation lab in Grand Falls Windsor, NL and to Eastern Analytical in Springdale, NL under chain of custody.  QA/QC included the systematic insertion of certified standards and blanks. Samples were described, tagged and sealed prior to being transported to the lab  where the samples were analyzed at Eastern Analytical for the ICP-34 package (34 element 4 acid leach, ICP-OES finish) and the Fire Assay (30g) with AA finish and at SGS Canada for the GE_ICM40Q12 (49 element package, 4 acid leach, ICP-AES/ICPMS) and the GE_FAI30V5 (30g gold fire assay with ICP-AES finish).  Both laboratories provide their own internal QA/QC protocol of blanks, duplicates and standards in each work order, which is supplied to the Zonte with the rock sample analysis.    About Zonte Zonte Metals Inc. is a junior explorer focused on gold and copper. The Company owns 100% of the McConnells Jest project, in the Tintina Gold Belt, located in the Yukon Territory, the Wings Point project in the new Central Newfoundland Gold Belt, and the Cross Hills IOCG project located in Newfoundland and Labrador. In Colombia; the company has a 25% carried interest in Project X where historic drilling intersected significant gold mineralization and the Company and partner have an application over open areas sitting on top of the open pit outline of the Gramalote Deposit in Colombia, which is held by AngloGold Ashanti (NYSE:AU) and B2Gold (TSX:BTO, NYSE:BTG). The title issuance is being contested by the state governing the application and the Company has started legal action to protect its rights.   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 contact:   Terry Christopher CEO and President 902-405-3520 info@zontemetals.com www.zontemetals.com

February 29, 2024 09:26 AM Eastern Standard Time

Image
1 ... 374375376377378 ... 3752