Zephyr drills 15.7 g/t gold over 3.4 m at Dawson
Zephyr drills 15.7 g/t gold over 3.4 m at
Dawson
Trading Symbol: TSX-V: ZFR OTC:ZPHYF
Shares Outstanding: 46,332,620
HALIFAX
,
Sept. 10, 2018
/CNW/ - Zephyr Minerals Ltd. ("
Zephyr
" or the "Company") (TSXV: ZFR)
is pleased to report additional assay results for six core drill holes on the Dawson Gold Project
("Dawson") in
Colorado, U.S.A.
. Highlights include drill hole DA-18-16 which intersected five discrete
gold mineralized zones over a 52.3 meter interval*. One of these intervals assayed 15.7 g/t gold
over 3.4 meters including 26.2 g/t gold over 1.8 meters; and a second assayed 6.3 g/t gold over 5.5
meters including 22.6 g/t over 0.9 meters. The host rock to the gold mineralization is a shear zone
hosted siliceous biotite aplite and sericitic, siliceous leucogranite with minor sulphides. Results from
drill hole DA-18-16 support both resource expansion, and continue to build on historic bonanza grade
gold drill intercepts at
Dawson
.
Dawson Zone
Drill Hole
ID
From (m)
To (m)
Intercept*
(m)
Gold (g/t)
DA-18-15
258.8
261.5
2.7
8.8
DA-18-16
183.3
184.9
1.6
3.3
and
192.0
193.2
1.2
2.8
and
198.4
201.8
3.4
15.7
including
198.4
199.8
1.8
26.2
and
220.7
222.5
1.8
10.2
including
220.7
221.6
0.9
19.7
and
229.2
234.7
5.5
6.3
including
233.8
234.7
0.9
22.6
Windy Gulch Zone
Drill Hole
ID
From (m)
To (m)
Intercept*
(m)
Gold (g/t)
WG-18-37
68.9
69.8
0.9
5.1
WG-18-38
12.6
18.2
5.6
3.4
including
16.2
18.2
2.0
6.5
and
22.6
23.2
0.6
5.6
and
25.6
28.3
2.7
3.8
* Estimated true width of intercepts; DA-18-15 – 95%; DA-18-16 – 65%; WG-18-37 – 67%;
WG-18-38 – 95%
Drill holes DA-18-15, DA-18-16, and DA-18-17 were targeted to expand gold resources on the
western side of the Dawson Zone. Drill hole DA-18-15 experienced deviation resulting in intersecting
the
Dawson
gold bearing shear zone 21 meters above (updip), the intended target and 11 meters
southeast of a historic drill hole with low grade gold mineralization. The positive outcome of this drill
hole with 8.8 g/t gold over 2.7 meters will add gold resources in an area that was previously thought
to be barren.
Drill hole DA-18-16 was drilled approximately 30 meters north-northwest of historic hole GC-40
which intercepted 9.1 meters of gold at 11.4 g/t, and approximately 13 meters southwest of historic
drill hole GC-24 which intercepted 3 meters of 3.3 g/t and 1.5 meters of 5.7 g/t gold. Although DA-
18-16 was only 13 meters from GC-24 the gold mineralized structure is thicker than at drill hole GC-
40 suggesting that the high grade gold core area may be wider than originally thought. Drill hole DA-
18-16 puts further definition on the deposit shape and trend.
DA-18-17 was drilled between hole DA-18-15 and DA-9002 which intersected 49.8 g/t over 1.1
meters. Only low grade gold mineralization was encountered.
Drill hole WG-18-37 was drilled 40 meters southwest of drill hole WG-16-31 which intercepted 4.6
meters of 13.8 g/t. Unfortunately the gold zone was cut off by a granitic dyke and only 0.9 meters of
5.1 g/t of the high grade gold intercept in WG-16-31 remained in hole WG-18-37. Once the
orientation of the granite dyke is understood another hole may be drilled in this area to further
evaluate the high grade trend of the gold zone in WG-16-31.
Drill hole WG-18-38 was a shallow hole drilled amongst four small diameter holes (Winkie Drill),
drilled by Uranerz
USA
Inc. ("Uranerz") in 1991 which were characterized by moderate grade gold
mineralization (2-5 g/t gold) and poor core recovery. The purpose of drill hole WG-18-38 was to
ascertain if the Uranerz reported gold grades were negatively impacted by the low core recovery.
Assay results for WG-18-38 show that gold losses in the small diameter Uranerz holes were
minimal.
Drill hole WG-18-39 was drilled in the far southwest of the Windy Gulch Zone in an area
characterized by narrow, high grade gold drill intercepts. This hole intercepted low grade gold
mineralization and rather than the targeted narrow, high grade structures. Further drilling is
warranted in this general area to determine if the gold mineralization improves with westward step
out holes towards
Windy Point
which is host to significant gold mineralization encountered in historic
reconnaissance drilling. See news release
January 9, 2018
.
Loren Komperdo
, President and CEO, stated "We are very pleased with the results of these drill
holes. The new data provided by this drill program continues to enhance our understanding of gold
mineralization controls which will assist in future drill targeting at
Dawson
, and in particular at the
newly staked Sentinel Zone which is double the size of the Dawson Zone and has never been
drilled."
Assay results are pending for the four holes that remain to be drilled in this current program; one on
the Windy Gulch Zone and three on the Windy Point Zone. It is anticipated the drill program will be
completed by mid-late September.
Hole ID
Easting*
Northing*
Azimuth
Dip
Elevation (m)
Hole Depth (m)
DA-18-15
3057619.0
1202281.0
358
°
-45
°
to -59
°
2,048.0
283.8
DA-18-16
3057779.6
1202851.7
330
°
-88
°
2,067.8
271.7
DA-18-17
3057619.0
1202281.0
358
°
-60
°
2,048.0
290.2
WG-18-37
3055758.1
1202733.0
045
°
-60
°
2,172.8
104.5
WG-18-38
3055881.6
1202922.0
310
°
-70
°
2,185.1
43.0
WG-18-39
3055504.8
1202631.4
050
°
-45
°
2,136.1
113.1
* Note: Easting and Northing in UTM NAD 83 Colorado State Plane in feet.
Zephyr Minerals Core Handling Protocols
Standard sampling procedures were followed whereby HQ core was cut using a diamond saw and
sampled. One-quarter of the core was placed in plastic sample bags and three quarters were left in
the core box for reference. The sample weight delivered to the laboratory varied from 1.0 to 2.1 kg.
Analytical standards, duplicates, and blanks were inserted at approximately every ten sample
intervals. The core samples were shipped by Fedex Ltd.,
Canon City, Colorado
to ALS Global in
Reno
and
Elko, Nevada
for sample preparation and gold analysis.
All samples were assayed using fire assay with Screen Fire Assay Method (Screen Metallics Gold,
Double Minus) for all samples over 2 ppm. Drill hole DA-18-16 has been assayed by fire assay only
and is currently awaiting Screen Fire Assay Method
About Zephyr Minerals Ltd.
Zephyr Minerals Ltd. continues to advance it's 100% owned high grade Dawson Gold Project in
Colorado, USA
. After completing a positive PEA, Zephyr is continuing with permitting and additional
engineering, with a near term focus on exploration and resource expansion.
Mr.
Mark Graves
, P.Geo. registered with the Association of Professional Geoscientists of
Nova
Scotia
(APGNS), has prepared the scientific and technical information in this news 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. More particularly, this press
release contains statements concerning the use of funds from the private placement.
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 Gold 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.
To be included in the Zephyr email database for Company updates please contact
, or visit our website
www.zephyrminerals.com
for more information.
SOURCE
Zephyr Minerals Ltd.
View original content:
http://www.newswire.ca/en/releases/archive/September2018/10/c7481.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 08:08e 10-SEP-18