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Zephyr completes initial NI 43-101 Resource estimate for the Dawson Gold Property in Colorado
Trading Symbol:  TSX-V: ZFR Shares Outstanding: 19,347,595 HALIFAX , July 23, 2...
About this update from Zephyr Minerals Ltd.
[{"type":"text","content":"\n\n\nTrading Symbol:  TSX-V: ZFR\nShares Outstanding: 19,347,595\n\n\nHALIFAX, July 23, 2013 /CNW/ - Zephyr Minerals Ltd. (\"Zephyr\" or the \"Company\") (TSXV: ZFR) is pleased to announce the first independent Resource\n estimate undertaken at its 400 hectare, 100% owned Dawson Property\n located in Fremont County, Colorado, USA. The gold (Au) deposit is\n comprised of three mineralized areas, the Dawson segment, the Windy\n Gulch segment and the Windy Point segment. The National Instrument\n 43-101 (\"NI 43-101\") Resource estimate was completed on the Dawson and\n Windy Gulch segments only.\n\n\nThe Resource estimate was prepared by Mercator Geological Services\n Limited (\"Mercator\") of Dartmouth Nova Scotia, who examined the\n Resource from an underground Resource potential. The Resource estimate\n was prepared under the supervision of Mr. Andrew Hilchey, P.Geo., of\n Mercator. Mr. Hilchey, is an independent Qualified Person in accordance\n with NI 43-101 and has reviewed and approved the information regarding\n the Resource estimate in this News Release. A NI 43-101 Technical\n Report supporting the Resource estimate will be filed on SEDAR within\n 45 days of this News Release.\n\n\nTable 1: Dawson Property Mineral Resource Estimate Effective July 19th,\n 2013\n\n\nTotal Dawson Property Mineral Resource Estimate (Dawson Segment & Windy\n Gulch Segment)\n\n\nResource Category\n\n\nGold (g/t) Cut-Off\n\n\nTonnes (Rounded)\n\n\nGold (g/t) Capped at 40 g/t \n\n\nGold (g/t) Uncapped\n\n\nOunces** (Capped)\n\n\nOunces** (Uncapped)\n\n\nInferred\n\n\n4.00\n\n\n423,000\n\n\n10.07\n\n\n11.42\n\n\n136,900\n\n\n155,300\n\n\nInferred\n\n\n5.00*\n\n\n392,000\n\n\n10.50\n\n\n11.97\n\n\n132,300\n\n\n150,800\n\n\nInferred\n\n\n6.00\n\n\n350,000\n\n\n11.09\n\n\n12.73\n\n\n124,800\n\n\n143,200\n\n\nDawson Segment Mineral Resource Estimate Component\n\n\nResource\nCategory\n\n\nGold (g/t)\nCut-Off\n\n\nTonnes\n(Rounded)\n\n\nGold (g/t)\nCapped\nat 40 g/t\n\n\nGold (g/t)\nUncapped\n\n\nOunces**\n(Capped)\n\n\nOunces**\n(Uncapped)\n\n\nInferred\n\n\n4.00\n\n\n371,000\n\n\n10.09\n\n\n11.53\n\n\n120,400\n\n\n137,500\n\n\nInferred\n\n\n5.00*\n\n\n343,000\n\n\n10.55\n\n\n12.11\n\n\n116,300\n\n\n133,500\n\n\nInferred\n\n\n6.00\n\n\n310,000\n\n\n11.08\n\n\n12.80\n\n\n110,400\n\n\n127,600\n\n\nWindy Gulch Segment Mineral Resource Esti...