Zephyr Set to Drill BHT Target
Zephyr Set to Drill BHT Target
Trading Symbol: TSX-V: ZFR OTC-ZPHYF
Shares Outstanding: 64,646,905
HALIFAX, NS
,
July 22, 2020
/CNW/ - Zephyr Minerals Ltd. ("
Zephyr
" or the "
Corporation
") (TSX-V:
ZFR) is pleased to report the results of the previously announced (
June 16, 2020
) hearing held in
Denver
today. The Colorado Mines and Lands Reclamation Board ("MLRB") has ruled in Zephyr's
favour upholding the previously approved Notice of Intent ("NOI") by the Colorado Department of
Mines Reclamation and Safety ("DRMS"). Zephyr is now cleared to proceed with its 2020 drilling
program on its Broken Hill Type ("BHT") silver-lead-zinc targets in the El Plomo section of its
Dawson-Green Mountain Property. Mobilization will begin next week. Initial steps will be to erect a
wooden drill platform followed with drill setup. It is anticipated the drill will start turning in early
August.
Loren Komperdo
, President & CEO stated, "We are very pleased the MLRB ruled in Zephyr's favour
and now look forward to drill testing our highly prospective BHT targets which show many strong
similarities to the BHT deposits in
Australia
. To the best of our knowledge this is the only BHT target
in
North America
. BHT deposits, can be world class deposits with the holy grail of mining, large
tonnage and high grade. This an exciting time for Zephyr shareholders."
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/July2020/22/c5536.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 13:33e 22-JUL-20