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Zephyr files NI 43-101 Report for the Dawson Gold Property in Colorado
Trading Symbol:  TSX-V: ZFR Shares Outstanding: 19,347,295 HALIFAX , Sept. 6, 2...
About this update from Zephyr Minerals Ltd.
[{"type":"text","content":"\n\n\nTrading Symbol:  TSX-V: ZFR\nShares Outstanding: 19,347,295\n\n\nHALIFAX, Sept. 6, 2013 /CNW/ - Zephyr Minerals Ltd. (\"Zephyr\" or the \"Company\") (TSXV: ZFR) is pleased to announce that a compliant technical report\n (the \"Report\"), prepared in accordance with National Instrument - Standards of Disclosure for Mineral Projects (\"NI 43-101\") on the Dawson Gold Project (the \"Project\") will be filed on SEDAR (www.sedar.com). Zephyr holds a 100% interest in the Project.  The Report highlights\n an inferred mineral resource of 392,000 tonnes grading 10.50 g/t gold\n and containing 132,300 ounces of gold using a 5 g/t gold cut-off and capped at 40 g/t gold.\n\n\nPresident's Comments:\n\n\nLoren Komperdo, President and CEO of Zephyr stated: \"The results of this\n independent report clearly demonstrate the Dawson Project hosts a\n high-grade gold resource.  Moreover, it validates the potential that\n the Dawson Property mineral resource estimate could be increased\n significantly by testing strike and dip extensions of the Dawson\n Segment and the Windy Gulch Segment deposits, and by completing a\n resource calculation for the adjacent Windy Point Segment. In the\n fourth quarter Zephyr intends to commence base line environmental\n studies as part of its efforts to advance the Dawson Project with the\n ultimate goal of production, subject in part to a positive economic\n study.\"\n\n\nSummary:\n\n\nDawson Gold Project NI 43-101 Technical Report on Mineral Resources\n\n\nThe Report is titled Resource Estimate Technical Report for the Dawson\n Property Fremont County, Colorado, USA, dated September 6, 2013, and\n was prepared for Zephyr by Andrew Hilchey, P.Geo., Mercator Geological\n Services Limited, Isobel Wolfson, M.Sc., P.Geo, and Mark Graves,\n P.Geo..\n\n\nThe report describes a 100% owned NI 43-101 compliant mineral resource containing 132,300 ounces of gold in two zones located near the town of Canon City in Fremont County,\n Colorado, USA. The Dawson Segment resource estimate consists of 343,000\n tonnes with a grade of 10.55 g/t gold yielding 116,300 ounces of gold. \n The Windy Gulch Segment resource estimate consists of 49,000 tonnes\n with a grade of 10.17 g/t gold yielding 16,000 ounces of gold.  The overall grade of the resource is 10.50 g/t gold.\n\n\nTable 1: Dawson Property Minera...