Zephyr Minerals appoints Will Felderhof Executive Chairman and Mark Graves Vice President Exploration
Zephyr Minerals appoints Will Felderhof Executive Chairman
and Mark Graves Vice President Exploration
Trading Symbol: TSX-V: ZFR OTC: ZPHYF
News Release No. 15-17
Shares Outstanding: 37,982,620
HALIFAX
,
Sept. 19, 2017
/CNW/ - The Board of Directors of Zephyr Minerals Ltd. ("Zephyr" or the "Company") (TSX-V: ZFR) is pleased to
announce the appointment of
Will Felderhof
Executive Chairman and
Mark Graves
Vice President Exploration of the Company. Mr. Felderhof
will on a full time basis, assist
Loren Komperdo
, President & CEO in executing the Company's corporate strategy centered on growing gold
resources and obtaining an operating permit for its
Dawson
,
Colorado
gold project.
Mark Graves
will be responsible for executing the Company's
exploration program at
Dawson
as well as scouting out properties with synergies to our efforts in
Colorado
.
Mr. Felderhof stated: "I am very pleased to have this opportunity to work closely with Loren in achieving our objectives on behalf of the Zephyr
shareholders. I believe the favourable project location, excellent gold grades, very attractive widths and excellent blue-sky potential will ultimately
be positively reflected in the valuation of Zephyr. The addition of
Mark Graves
to head up exploration at
Dawson
is a big plus for Zephyr given his
top skills as a field geologist built up over a period of more than 35 years – much of it in geological terrain similar to
Dawson
."
Mr. Graves stated: "I am very pleased to be leading the exploration effort at
Dawson
, a project I have now been involved with for four years. We
built up a very good understanding of the geology at
Dawson
during this time and I look forward to executing planned drilling campaigns with the
goal of building the gold resource on this exciting project."
Mr. Felderhof of
Halifax, Nova Scotia
, holds a B.Sc. (geology) degree from
Dalhousie University
(1972) and has over 44 years of international
experience in the mining industry. He has worked extensively in
Canada
as well as in the
U.S.A.
,
Mexico
,
Colombia
,
Brazil
,
Argentina
,
Indonesia
,
Australia
,
Ivory Coast
,
Namibia
,
Zimbabwe
,
South Africa
and
Turkey
. Most recently Mr. Felderhof was the founder and President & CEO of
Toronto Stock Exchange listed Acadian Mining Corporation (formerly Acadian Gold Corporation) from
March 2003
to
February 2010
. During
his tenure at Acadian Mining he raised upward of
$55-million
in the venture capital markets and built up the largest portfolio of past-producing
Nova Scotia
gold mines in the province's history. Prior to Acadian Mining, Mr. Felderhof headed up the publicly traded companies, Jascan
Resources Inc. in the 1980s and East Indies Mining Corporation in the 1990s, and served on the board of numerous of mineral exploration
companies. Mr.Felderhof is a co-founder of Zephyr and has been a Director of the Company since 2012.
Prior to becoming involved in running publicly traded resource companies, Mr. Felderhof was Vice-President and Managing Director of A.C.A.
Howe International Limited, a geological mining and consulting firm, managing their offices in
Toronto, Canada
and
Johannesburg, South Africa
.
Mr. Graves of
Wolfville Nova Scotia
, holds a B.Sc. (geology) degree from
Dalhousie University
(1978) and has worked in the mineral resource
industry since graduation supervising multi-million dollar exploration programs in varied geological terrains. He has managed gold projects in
Colorado
,
Mexico
,
Newfoundland
and
Nova Scotia
. Mr. Graves has extensive exploration experience in highly evolved peraluminous granites in
Nova Scotia
and Ni-Cu-Co magmatic sulphide deposits in
Greenland
,
Labrador
and
Quebec
. Mr. Graves also has considerable experience
working on VMS deposits in the Ordovician rocks of
Newfoundland
. He is a registered geoscientist with PEGNL and GNS.
Loren Komperdo
, President and CEO stated "We are extremely pleased to welcome Mr. Felderhof as Executive Chairman and
Mark Graves
as
Vice President of Exploration for the Company. Will's extensive experience and contacts will prove valuable in assisting with the growth of the
Company. Mark's geological expertise and experience in running all aspects of field programs will be a key element in executing our technical
efforts. Mark's recognition of the gold mineralization as granite related and shear zone hosted versus the original VMS interpretation is I believe, a
key to unlocking the gold potential at
Dawson
."
The Company will grant
Mark Graves
300,000 stock options to purchase common shares of the Company for a period of five years with an
exercise price of
$0.25
, vesting upon grant. The options will be granted in accordance with the Company's incentive stock option plan and as set
forth by the TSX Venture Exchange policy. Both the options and the appointments of Mr. Felderhof and Mr. Graves are subject to the approval
of the TSX Venture Exchange.
About Zephyr Minerals Ltd.
Zephyr Minerals Ltd. is a gold exploration and development company focused on advancing its flagship Dawson Gold Project in
Colorado, USA
.
After completing a positive PEA, Zephyr is continuing to advance the project though permitting, additional exploration as well as further
engineering work with a plan to develop a high grade, low cost underground gold mine.
To be included in the Zephyr email database for Company updates please contact
, or visit our website
www.zephyrminerals.com
for more information.
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.
SOURCE
Zephyr Minerals Ltd.
View original content: http://www.newswire.ca/en/releases/archive/September2017/19/c6320.html
%SEDAR: 00030509E
For further information:
David H. Felderhof, Executive VP & Director Or Sean Tufford, VP, Corporate Development, Zephyr Minerals Ltd.,
T: 902 446-4189, F: 866 941-4715
CO: Zephyr Minerals Ltd.
CNW 11:50e 19-SEP-17