Zephyr Provides Drill Update
Zephyr Provides Drill Update
Trading Symbol: TSX-V: ZFR OTC-ZPHYF
Shares Outstanding: 66,107,910
HALIFAX, NS
,
Aug. 20, 2020
/CNW/ - Zephyr Minerals Ltd. (TSXV: ZFR) ("
Zephyr
" or the
"
Company
") announces today that drilling continues on drill hole EL-20-01. Progress on the drill
program has been slower than anticipated and it is now expected it will be a further 10 days before
the hole is completed after which a visual report will be released.
Drill hole EL-20-01 is testing the western magnetic anomaly on the El Plomo section of the Dawson
– Green Mountain Property in
Colorado
, which is prospective for Broken Hill type silver-lead-zinc
mineralization. The drill hole is located to intersect the magnetic anomaly at depth below the historic
(US Borax, 1981) drill hole GC-9 which intersected magnetic silver-lead-zinc mineralization at
shallow depth (News Release
April 16, 2020
).
Loren Komperdo
, President and CEO, stated "We appreciate our shareholders patience while
drilling continues."
About Zephyr Minerals Ltd.
Zephyr Minerals Ltd. continues to advance its 100% owned high grade Dawson-Green Mountain
Project in
Colorado, USA
. After expanding it's land package to 1,385 hectares (3,430 acres) the
Company now controls a 12.2 km long
Dawson-Green Mountain
mineralized trend. The central 3.2
km long El Plomo section is the focus for potential Broken Hill Type silver-lead-zinc mineralization
and the east and west sections, Dawson and Green Mountain respectively are being targeted for
gold. The Dawson section is currently host to a high grade inferred gold resource. The Company
believes the combined Dawson and Green Mountain sections encompassing approximately 9 km of
mineralized trend provide excellent resource expansion potential.
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/August2020/20/c0736.html
%SEDAR: 00030509E
For further information:
David Felderhof, EVP & Director, Zephyr Minerals Ltd., T: 902 446-4189,
F: 866 941-4715
CO: Zephyr Minerals Ltd.
CNW 07:50e 20-AUG-20