Business
Zephyr Minerals Drills 9.6 m of 4.0 g/t Gold at Dawson Gold Project, Colorado
HALIFAX, Oct. 18, 2016 - Zephyr Minerals Ltd. ("Zephyr" or the "Company") (TSX-V: ZFR) is pleased to report assay results for the last three diamond drill holes
About this update from Zephyr Minerals Ltd.
[{"type":"text","content":"HALIFAX, Oct. 18, 2016 - Zephyr Minerals Ltd. (\"Zephyr\" or the \"Company\") (TSX-V: ZFR) is pleased to report assay results for the last three diamond drill holes of the summer drilling program on the Dawson Gold Project (\"Dawson\") in Colorado, USA. Highlights include drill hole WG-16-35 with a 2.0 m section grading 14.0 g/t gold. This hole expands the high grade gold zone on the west side of Windy Gulch. Windy Gulch Zone Drill Hole ID From (m) To (m) Intercept (m) Estimated True Width (m) Gold (g/t) WG-16-34A* 17.4 33.4 16.0 12.0 2.0 including 24.8 28.0 3.2 5.5 WG-16-35 12.8 22.4 9.6 9.6 4.0 including 18.3 20.3 2.0 14.0 *Drill hole WG-16-34 was abandoned at 14.9 m due to hole conditions. Hole WG-16-34A replaced WG-16-34. Hole WG-16-34A drilled into old mine workings from 15.8 to 17.4 m. The gold mineralized drill intercept started from the footwall of the cavity at 17.4 m and was still in the gold mineralized zone at 35.0 m when the drill hole was lost due to mechanical failure. Based on nearby drill hole WG-16-27 which intercepted 21.8 m grading 4.0 g/t gold including 4.5 m grading 15.2 g/t gold, it is estimated that WG-16-34A could have penetrated a further 9 to 12 m of the gold mineralized zone, representing almost half of the zone had the hole not been lost. This hole may be re-drilled with a larger, HQ core in a future drill program to ensure full penetration of the gold zone and maximize core recovery. Drill hole WG-16-36 was located 100 m west of Windy Gulch at the Last Show prospect. This hole was drilled under a surface trench that assayed 107.6 g/t gold over a 2.4 m interval including 208.5 g/t gold over 1.2 m. Old mine workings were intersected from 17.0 to 18.6 m which may represent the extracted high grade gold zone trenched at surface with the remainder of the hole intercepting only minor gold mineralization not exceeding 1.7 g/t gold over 0.6 m.. A new road cut established to support the drill program exposed a new, approximately 8 meter wide (estimated true width) shear structure (North Shear), located approximately 20 m north of and parallel to the main shear structure (Main Shear). The North Shear is characterized by rock types typical of the Main Shear and initial sampling shows anomalous gold mineralization including 1.6 g/t over 0....