Zephyr Reports Dawson Gold Drilling
Zephyr Reports Dawson Gold Drilling
Trading Symbol: TSX-V: ZFR OTC-ZPHYF
Shares Outstanding: 66,603,485
HALIFAX, NS
,
Sept. 23, 2020
/CNW/ - Zephyr Minerals Ltd. (TSXV: ZFR) (OTC: ZPHYF)
("
Zephyr
" or the "
Company
") is pleased to announce that subsequent to completing drill hole EP-
20-01 on the El Plomo silver-lead-zinc target, the drill rig was moved to the Dawson gold section
where drill hole DA-20-18 was completed at a depth of
269.8 m
(885 ft). This drill hole was located
to twin historic (US Borax ,1981) drill hole GC-44 which contained visible gold and assayed 11.2 g/t
gold over
8.23 m
(27 ft) (capped at 40 g/t; true width approximately 80% of interval). Drill hole DA-
20-18 intersected visible gold at
247.8 m
(813 ft), and assays are anticipated in approximately eight
weeks.
Core from this drill hole will be utilized for metallurgical and engineering test work. Favourable assay
results should be supportive of moving a portion of the inferred gold resources to the indicated
category.
Zephyr is currently developing a go forward plan which will be announced in the next three weeks.
This plan will be within the scope of funds currently in hand and will focus on exploring and
developing the extensive gold holdings on the Dawson and Green Mountain sections of the property.
The go forward strategy on the El Plomo silver-lead-zinc target will be determined once all data is in
hand and fully evaluated in the fourth quarter of 2020.
Loren Komperdo
, President and CEO, stated "'Zephyr is well positioned to move forward with its
advanced gold holdings in the current gold bull market. The property's location near infrastructure
and industrial support in
Colorado
is a key project feature enhancing potential development plans.
We remain confident these assets should ultimately enhance shareholder value."
About Zephyr Minerals Ltd.
Zephyr Minerals Ltd. continues to advance its 100% owned high grade
Dawson-Green Mountain
property 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 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
.
Mr.
Scott Parks
, P.Geo., is the qualified person as defined by National Instrument 43-101 and has
reviewed and is responsible for the technical information in this news release pertaining to the
Dawson drill program.
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/September2020/23/c4841.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 09:55e 23-SEP-20