Zephyr samples 22.2 g/t gold over 6.4 meters
Zephyr samples 22.2 g/t gold over 6.4 meters
Trading Symbol: TSX-V: ZFR OTC:ZPHYF
Shares Outstanding: 37,982,620
HALIFAX
,
Sept. 7, 2017
/CNW/ - Zephyr Minerals Ltd. ("Zephyr" or the "Company") (TSXV: ZFR) is pleased to announce assay results from trenching at the
Windy Gulch and Windy Point areas within the Company's Dawson Gold Project in
Colorado
. Trenching at Windy Gulch returned the best results to date from the
property including an interval of 6.4 m of 22.2 g/t gold, including 1.8 m of 63.0 g/t gold. The trenching took place during the course of a road building program to
support a planned diamond drill program. Zephyr is targeting these areas in the western region of the property with the objective of identifying new gold mineralized
shoots similar to those in the Dawson Main Zone in the east in an approximately 2.6 km long east-west trending shear zone. Average widths of the gold
mineralized shoots are in the order of 3.5 to 4 meters.
Windy Gulch
– The new road cut sampled occurs between two previously sampled road cuts which show very attractive gold grades over wide intervals (see
News Release dated
May 30, 2013
). The new road cut revealed an interval of 6.4 m (estimated 5.8 m true thickness) grading 22.2 g/t gold, including 1.8 m of 63.0
g/t gold. These results support the continuity of gold mineralization in this area. The new drill pad will enable infill drilling as well as testing targets that are open at
depth with potential of building additional resources at this location. The deepest hole from the 2016 drill program intersected 4.6 m of 13.8 g/t gold from 39.9 to
44.5 m (see News Release dated
September 27, 2016
).
Table1: Surface Sampling Windy Gulch 2017 Road Cut
From (m)
To (m)
Interval* (m)
Gold (g/t)
Cut**
Gold (g/t)
1.8
33.5
31.7
3.7
5.8
including
1.8
4.6
2.7
4.9
4.9
9.8
15.2
5.5
2.2
2.2
17.1
19.8
2.7
3.2
3.2
26.2
28.0
1.8
26.7
63.0
including
26.2
27.1
0.9
40.0
112.6
and
26.2
32.6
6.4
11.8
22.2
*True widths are estimated 90% of reported widths
**40 g/t topcut
Windy Point
– A total of four access roads were geologically mapped and sampled in areas characterized by favourable geology and in the area of a
reconnaissance drill program completed by a previous operator, Uranerz
USA
Ltd., in 1990. One of the roads (WP4) partially uncovered a gold mineralized section
interpreted to be the western equivalent of the principal gold shoots at Windy Gulch. Reconnaissance channel sampling consisting of 3 foot (0.91 m) channel
samples (75% of true width) at 3 foot intervals (0.91 m) along trend on this zone yielded the following results:
Table 2: Surface Sampling Road WP 4
Sample
Interval (m)
Gold (g/t)
WP4-72
0.91
4.8
WP4-75
0.91
1.6
WP4-78
0.91
9.8
WP4-81
0.91
16.5
All of the above sample locations are open at both ends and will require further excavating and sampling to determine ultimate thicknesses of these gold
mineralized intervals. Additional sampling along road WP4 which obliquely cut the zone of interest for 45.4 meters yielded results ranging predominantly from
anomalous to 1.66 g/t gold and is interpreted to represent a low grade halo around a higher grade core.
Channel sampling on road WP1 is located 11 meters north of WP4 and at an elevation of 5 meters below that of WP4. This is interpreted to be equivalent to gold
mineralization identified in a discrete zone in the footwall of the principal gold mineralized shoot at Windy Gulch. The gold zone is interpreted to be east of the
sampling on WP1 and covered by overburden. Channel sampling on road WP2 is located 15 meters south of WP4 and at an elevation 10 meters below that of
WP4. WP4 intercepted two zones containing 4.8 g/t gold and 3.7 g/t gold each over 0.9 meters on the extreme east side of WP2. This gold zone is interpreted to
be equivalent to the north gold zone in the footwall of the principal gold zone at Windy Gulch.
Channel sampling on road WP3, 80 meters south of WP4, and at an elevation of 40 meters above WP4; was on the quartz-sulphide hydrothermolite zone which
occurs in the hanging wall of the principal gold zone at the south contact of the shear zone with the host granite. The quartz-sulphide hydrothermolite zone at the
Dawson Project typically carries low gold values but carries copper values ranging from anomalous to 4.1% over 3.0 m (10 ft.). The channel sample at Windy
Point assays 2.2% copper over 2.7 m (9 ft.).
Zephyr is now in a position to undertake a drill program based on these results with the objective of expanding the gold resource for the property. The Company
anticipates the drill program to commence in early Q4.
Loren Komperdo
stated, "Geological mapping and sampling at Windy Point suggest the same structural style of gold mineralization found at Windy Gulch and
Dawson. I am confident that a comprehensive drilling campaign at Windy Point following up on the surface sampling results and successful drill holes completed
by Uranerz in 1990 (News Release
June 15, 2017
) will generate a greater understanding of the deposit and ultimately boost gold resources at the Dawson Gold
project. In addition, the understanding of the geology at Windy Point will direct the way in exploring the region to the west which has very little exploration and
demonstrates the opportunity for resource expansion as well as further blue sky potential".
Zephyr Minerals Channel Sampling Protocols
Standard sampling procedures were followed whereby 3 foot channel samples were chipped from trench walls using a rock pick and collected in 8 mil
polyethylene bags. Sample bags were closed using plastic cable ties. The sample weight delivered to the laboratory varied from 2.0 to 3.0 kg. An analytical
standard, replicate or blank was inserted at 10 sample intervals. The samples were shipped in sealed 5 gal. plastic buckets by Fedex Ltd.,
Canon City, CO
to a
Bureau Veritas holding facility in Blaine, WS and then to their laboratory in
Vancouver, BC
.
All samples were prepared by the Bureau Veritas PRP70-1KG method. Samples were analyzed using their FA430 fire assay for gold followed by the FA652-1KG
method of screen metallic for all samples that previously assayed over 2 ppm. The samples were also analyzed the 59 multi-element MA250 method. General
details of these analytical procedures can be found on the Bureau Veritas website.
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 expand the
resource and 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.
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.
SOURCE
Zephyr Minerals Ltd.
View original content: http://www.newswire.ca/en/releases/archive/September2017/07/c4074.html
%SEDAR: 00030509E
For further information:
Loren Komperdo, 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 11:06e 07-SEP-17