Zephyr Provides Dawson Permitting Update
ZEPHYR PROVIDES DAWSON PERMITTING
UPDATE
Trading Symbol: TSX-V: ZFR OTC-ZPHYF
Shares Outstanding: 67,986,985
HALIFAX, NS
,
March 28, 2022
/CNW/ - Zephyr Minerals Ltd. (TSXV: ZFR) ("
Zephyr
" or the
"
Company
") announced today that it has received a response from the Colorado Division of
Reclamation Mining and Safety ("DRMS") to the Company's response on
February 9, 2022
to the
DRMS preliminary adequacy review received on
October 14, 2021
for the Dawson Gold Mine 112d-
2 Reclamation Permit Application ("Mining Permit Application") filed with DRMS on
June 30, 2021
.
The DRMS response has listed approximately 35 items out of 102 to which Zephyr had responded
on
February 9, 2022
that required additional information and clarification. The principal issues
required to be further addressed by Zephyr pertain to water monitoring wells and related sampling
methodology, mine pool water, reagent storage, Grape Creek potential impacts, environmental
protection facilities and technical matters pertaining to certain design details. Zephyr is required to
drill five groundwater monitoring wells over and above those previously drilled and monitored for five
quarters by Zephyr, as well as one compliance well. DRMS requires that the additional wells also
have five quarters of monitoring data before they can consider approving the Mining Permit
Application, thereby pushing out the potential approval of the mining permit to late 2023. Under
current regulations DRMS must respond, by approving or denying the Mining Permit Application,
within one year from the date on which DRMS considered the application to be complete,
July 15,
2021
. It is not possible for DRMS to respond in four quarters on a requirement that under their own
regulations requires five quarters to complete. Therefore, Zephyr plans to extend its Mining Permit
Application decision date for two additional months to
May 31, 2022
to receive clarification on some
of the remaining outstanding adequacy questions. Subsequent to this, the Mining Permit Application
will be withdrawn to provide the necessary time window for data collection of the additional required
groundwater monitoring wells as well as other technical data with the goal of resubmitting an
updated application for a mining permit late in 2023.
Loren Komperdo
, President and CEO stated; "It is unfortunate that the current
Colorado
mine
permitting regulations not only do not provide guidelines for water monitoring well locations but also
do not allow an applicant to query DRMS as to water monitoring well requirements until after a mine
permit application has been submitted. Whilst Zephyr and its environmental consultants, EAI and
Bishop-
Brogden Associates
, were of the view Zephyr's water well monitoring program was
adequate, unfortunately DRMS did not concur. Zephyr has spent considerable time and effort on the
permitting process to this point, and will continue to forge ahead in its effort to gain this mining
permit on a project that can be described as essentially environmentally benign. Understandably, this
delay is disappointing for our shareholders, however, we remain optimistic the remaining issues can
be addressed to the satisfaction of DRMS"
While the data is gathered for resubmission of the Application Zephyr will continue to build a portfolio
of projects in
Zimbabwe
.
About Zephyr Minerals Ltd.
Zephyr Minerals Ltd. has applied for a mining permit at its 100% owned high grade Dawson-Green
Mountain property in
Colorado, USA
. After expanding its land package to 1,385 hectares (3,574
acres) the Company now controls a 12.2 kilometer long
Dawson Green Mountain
mineralized trend.
In addition to the Dawson-Green Mountain property, the Company has acquired two Special Blocks
in
Zimbabwe
and is assessing additional opportunities in
Zimbabwe
.
To be included in the Zephyr email database for Company updates please contact
.
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. 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/March2022/28/c8971.html
%SEDAR: 00030509E
For further information:
Loren Komperdo, President & CEO or Will Felderhof, Executive Chairman,
T: 902 706-0222, [email protected]
CO: Zephyr Minerals Ltd.
CNW 09:20e 28-MAR-22