Magnetic 3D inversion modelling at El Plomo section of the Dawson-Green Mountain Property identifies significant new drill targets
Magnetic 3D inversion modelling at El Plomo
section of the Dawson-Green Mountain
Property identifies significant new drill targets
Trading Symbol: TSX-V: ZFR OTC:ZPHYF
Shares Outstanding: 52,222,477
HALIFAX
,
Nov. 19, 2019
/CNW/ - Zephyr Minerals Ltd. ("Zephyr" or the "Company") (TSXV: ZFR)
(OTC: ZPHYF) is pleased to announce it has received results from the geophysical 3D inversion
modelling of the El Plomo magnetic anomaly discovered during a recently completed airborne
survey.
The airborne magnetic survey and subsequent 3D inversion modelling has successfully delineated an
approximate 2.4 km ENE-WSW magnetic anomaly trend related to the known El Plomo zinc-lead-
silver mineralization (See news release
April 15
, 2019). Schematic cross sections and a 3D
presentation through the 3D inversion model can be viewed on the Company's website at
www.zephyrminerals.com
. The modelling shows the overall magnetic signature strengthens with
depth and suggests the shallow, historical drilling (See news release
April 15, 2019
) did not test the
strongest portions of the magnetic anomaly and were generally drilled too far north to penetrate the
magnetic target. It can be noted the geometry of the anomalous trend changes from the eastern
side near drill holes GC-1 and GC-2, where the magnetic anomaly has a moderate to steep dip to
the south, to becoming steeper to near vertical on its western extent near drill holes GC-8 and GC-
9. Drill holes GC-8 and GC-9 also represent the area where the target appears to be the strongest
and broadest. Surface geological mapping indicates the mineralized zone dips to the south-southeast
over the entire 3.2 km trend. Drill hole and surface geological data in this area of GC-8 and GC-9
suggest the mineralized zone has a 20 to
30 m
(65 to 100 ft) thickness. The geophysical response
may suggest a much larger zone at depth and possibly represent a fold hinge. It should be noted the
thickest and strongest mineralization is found in fold limbs of Broken Hill Type ("BHT") deposits.
Additional magnetic drill targets occur at depth to the east of drill holes GC-8 and GC-9 where a 1.4
km gap exists between these holes and drill holes GC-1 & GC-2 in the east. Numerous priority drill
targets exist in this area, the best of which will be drilled (subject to funding), in addition to top
priority targets near drill holes GC-8 and GC-9 in the planned 2020 drill program.
The 3D modelling was performed by RDF Consulting Ltd. using GeoSoft Voxi Inversion modelling
software and utilizing a
50 m
cell size. The inversion was performed to discern the subsurface
magnetic response and relationship to known El Plomo mineralization in the area observed from
limited historical drilling. As a prelude to the airborne survey and modelling, direct magnetic
susceptibly measurements were conducted by the Zephyr geological team on the four historic drill
hole (GC-1, GC-2, GC-8 and GC-9) cores. The results indicate the presence of magnetite and
pyrrhotite associated with high grade zinc, lead and silver mineralization is directly associated with
increased magnetic susceptibilities.
Loren Komperdo
, President & CEO stated "The 3D inversion modelling on the airborne magnetic
anomaly at El Plomo clearly demonstrates the historic drilling failed to intercept the strongest
magnetic signature. From core magnetic susceptibility analysis, we are confident the sulphide metal
content is correlative to magnetic strength. This in turn suggests that higher grade mineralization may
be present at depth."
About Zephyr Minerals Ltd.
Zephyr Minerals Ltd. continues to advance its 100% owned high grade Dawson-Green Mountain
Project in
Colorado, USA
. After expanding its land package to 1,385 hectares (3,430 acres) the
company plans to explore the entire 12.2 km (7.5 mi) mineralized trend using the Broken Hill Type
deposit as an exploration model.
To be included in the Zephyr email database for Company updates please contact
, or visit our website
www.zephyrminerals.com
for more information.
Mr.
Dean Fraser
(P.Geo.), registered with the Professional Geoscientists of
Newfoundland
and
Labrador
, helped prepare and has reviewed the geophysical content of this press release. Mr.
Mark
Graves
, who is a P.Geo., registered with the Association of Professional Geoscientists of Nova
Scotia. Mr. Graves is vice president of exploration for the Company, has reviewed and approved
the balance of the technical information in this press release.
CAUTIONARY STATEMENT:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release. This press release contains forward-looking statements.
The forward-looking statements contained in this document are based on certain key expectations
and assumptions made by the Company, including, with respect to the use of funds from the
private placement, expectations and assumptions concerning timing of receipt of required
regulatory approvals and third party consents and the satisfaction of other conditions to the
completion of the exploration work on the Dawson-Green Mountain Property.
The forward-looking statements contained in this document are made as of the date hereof and the
Company undertakes no obligation to update publicly or revise any forward-looking statements or
information, whether as a result of new information, future events or otherwise, unless so required
by applicable securities laws.
SOURCE
Zephyr Minerals Ltd.
View original content:
http://www.newswire.ca/en/releases/archive/November2019/19/c4412.html
%SEDAR: 00030509E
For further information:
Loren Komperdo, President & CEO, or Will Felderhof, Executive
Chairman, Zephyr Minerals Ltd., T: 902 446-4189, F: 866 941-4715
CO: Zephyr Minerals Ltd.
CNW 08:30e 19-NOV-19