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Zephyr Acquires Key Mineral Claim
Zephyr Acquires Key Mineral Claim Canada NewsWire HALIFAX, NS, Oct. 13, 202...
About this update from Zephyr Minerals Ltd.
[{"type":"text","content":"ZFR-Acq-KeyMineralCla\n \n \n \n Zephyr Acquires Key Mineral Claim\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n HALIFAX, NS, Oct. 13, 2020\n \n \n \n \n Trading Symbol:  TSX-V: ZFR   OTC-ZPHYF\n \n Shares Outstanding: 66,603,485\n \n \n \n HALIFAX, NS\n \n ,\n \n Oct. 13, 2020\n \n /CNW/ - Zephyr Minerals Ltd. (TSXV: ZFR) (OTC: ZPHYF) (\"\n \n Zephyr\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that it has purchased a key mineral claim, the Judith Placer Mining Claim (\"Judith Claim\"), in an arm's length transaction, at its Dawson gold project in\n \n Colorado\n \n . The Judith Claim, approximately 129 acres in size encompasses both mineral and surface rights and is contiguous with the 141 acre Fremont Placer Mining Claim controlled 100% (50% direct ownership / 50% by contract) by Zephyr. The acquisition of the Judith Claim greatly facilitates Zephyr's plans for the potential development of the Dawson gold deposit. All private lands important to the potential development of the Dawson gold deposit are now in Zephyr hands with the remaining lands in the Dawson section of the project being federally owned which are controlled by Zephyr through unpatented mining claims.\n \n \n \n Loren Komperdo\n \n , President & CEO stated \"The extra 129 acres brings the total land position for our proposed surface facilities to 270 acres, thus providing greater flexibility in our potential development of the Dawson gold deposit.\"\n \n \n The Dawson gold deposit is host to an *Inferred Mineral Resource prepared in accordance with National Instrument 43-101 that totals 116,300 ounces gold (343,000 tonnes at 10.55 g/t defined at a 5 g/t cutoff and 40 g/t topcut), (uncut: 133,500 ounces grading 12.11 g/t gold), and is open at depth. This estimate has an effective date of\n \n July 19, 2013\n \n (see Company news release dated\n \n July 23, 2013\n \n ). Average width of the gold mineralized zone is approximately\n \n 3.5 m\n \n (11.5 ft.) and ranges between approximately 1 and\n \n 15 m\n \n (3.3 - 49.2 f...