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Zephyr expands footprint in Colorado - Acquires Green Mountain copper-gold property
Zephyr expands footprint in Colorado - Acquires Green Mountain copper-gold property ...
About this update from Zephyr Minerals Ltd.
[{"type":"text","content":"\n\n\n\nZephyr expands footprint in Colorado - Acquires Green Mountain copper-gold property\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, July 25, 2018\n\n\n\nTrading Symbol:  TSX-V: ZFR   OTC:ZPHYFShares Outstanding: 46,332,620\n\n\n\nHALIFAX, July 25, 2018 /CNW/ - Zephyr Minerals Ltd. (\"Zephyr\" or the \"Company\") (TSXV: ZFR) (OTC: ZPHYF) is pleased to announce the addition of the Green Mountain copper-gold property (\"Green Mountain\") to its holdings in west-central Colorado. Green Mountain is approximately 10 km southwest of the Dawson Gold Property (\"Dawson\"), and comprises one patented and 33 unpatented lode mining claims totaling 276 hectares (682 acres). The one patented claim of the Green Mountain project was purchased for US$25,000 in an arm-length transaction and the 33 unpatented lode-mining claims were acquired through staking. Assay results of 17 grab samples collected on a reconnaissance traverse on the patented claim were very encouraging with five exceeding 1 g/t gold including one sample of malachitic garnetiferous biotite aplite which assayed 13.6 g/t gold. This rocktype is one of the principal gold hosts at Dawson and points to the high gold prospectivity of Green Mountain. Grab samples are selected samples and are not representative of the mineralization hosted on the property.\n\nGreen Mountain occupies a shear zone which is interpreted to be the faulted offset extension of the Dawson Shear Zone and exhibits similar geochemistry and rock types to Dawson, thus is considered to be highly prospective for gold. Discovered in ca. 1882, Green Mountain was mined on a small scale from shallow shafts (maximum depth 76.2 m (250 ft.) on a massive sulphide horizon. Historical records indicate a small tonnage (1187 t) of high grade material (12.6% copper, 3.8g/t (0.11 oz/ton) gold and 47.6 g/t (1.39 oz/ton) silver, was shipped direct to a smelter early in the last century. Modern exploration programs targeting base metals were carried out by Phelps Dodge between 1979 and 1984 and by Inco Ltd. between 1992 and 199...