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Zephyr Commences Drilling
Zephyr Commences Drilling Canada NewsWire HALIFAX, NS, Aug. 6, 2020 Trading...
About this update from Zephyr Minerals Ltd.
[{"type":"text","content":"\n\n\n\nZephyr Commences Drilling\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\nCanada NewsWire\nHALIFAX, NS, Aug. 6, 2020\n\n\n\nTrading Symbol:  TSX-V: ZFR     OTC-ZPHYF   Shares Outstanding: 65,068,960  \n HALIFAX, NS, Aug. 6, 2020 /CNW/ - Zephyr Minerals Ltd. (\"Zephyr\" or the \"Corporation\") (TSX-V: ZFR) is pleased to announce that core drilling has commenced on its Broken Hill Type (BHT) silver-lead-zinc target on the El Plomo section of its wholly own Dawson-Green Mountain Property in Colorado. The initial drill hole, EP-20-01 will test the core zone of the western magnetic anomaly approximately 200 m (650 ft) down-dip of historic drill hole DDH GC-9 (US Borax, 1981), which intersected magnetic silver-lead-zinc mineralization at shallow depths (news release April 16, 2020). DDH GC-9 had a total depth of 94.9 m (311 ft). Significantly, electron microprobe analyses of this historic core has shown that the silver is in the silver mineral argentotetrahedrite, a high silver content variant of Freibergite. Freibergite is the main silver mineral at the Broken Hill and Cannington mines in Australia (news release May 5, 2020). \nIt is anticipated that drill hole EP-20-01 will be completed in 10-14 days. A news release of the visual assessment of the drill core will be issued at that time. \nLoren Komperdo, President & CEO stated, \"Clearly this is a particularly exciting time for Zephyr shareholders. Discovery of a BHT deposit would be a transformative event for Zephyr.\"\nMapping and sampling has also commenced on the Green Mountain section (west of El Plomo) which is highly prospective for Dawson type gold mineralization. Previous sampling by Zephyr has demonstrated low sulphide high grade gold mineralization similar to that found in the Dawson section in surface grab samples with up to 13.6 g/t (new release July 25, 2018).\nFrom east to west, the large mineralized system stretches for 12.2 km (7.5 mi). The Dawson and Green Mountain sections (gold) combined totals 9 km of mineralized trend and the central El Plo...