Business
Zephyr outlines magnetic anomaly on the sentinel zone, Colorado, USA
Zephyr outlines magnetic anomaly on the sentinel zone, Colorado, USA Canada NewsWi...
About this update from Zephyr Minerals Ltd.
[{"type":"text","content":"\n\n\n\nZephyr outlines magnetic anomaly on the sentinel zone, Colorado, USA\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, June 27, 2018\n\n\n\nTrading Symbol:  TSX-V: ZFR   OTC:ZPHYF                                         Shares Outstanding: 46,332,620\n\n\n\nHALIFAX, June 27, 2018 /CNW Telbec/ - Zephyr Minerals Ltd. (\"Zephyr\" or the \"Corporation\") (TSX-V: ZFR) (OTC: ZPHYF) is pleased to report that a recently completed magnetic geophysical survey east of the Dawson Zone has outlined a strong magnetic low anomaly that extends for 1,100 meters (3,600 feet). This magnetic low anomaly is similar in strength to the magnetic low anomaly over the gold resource at the Dawson Zone but is over double the size. The magnetic anomaly found at the Dawson Zone has excellent correlation with the gold bearing rocks (biotite aplite) which hosts the gold deposit at Dawson. See the geophysical map at the Corporation's website, www.zephyrminerals.com. \n\nInversion modeling of the magnetic geophysical data has indicated that the magnetic low structure found at the Sentinel Zone is steeply dipping to the south. This structure is the same as in the Dawson Zone where computer modeling of the magnetic low anomaly indicates a steeply dipping structure to the south. At Dawson the computer geophysical model has been confirmed by drilling where the gold bearing structure dips to the south at approximately 60-70 degrees. \n\nThe discovery of gossans located 350 and 700 meters east of the Dawson Zone (see press release #07-18, June 13, 2018) adds further evidence of the magnetic low anomaly correlation with the gold bearing rocks found at the Dawson Zone. The gossan at 350 meters east assayed 276 ppb gold, 0.18% copper and 6 ppm silver which is typical for grades of the gossan in the Dawson Zone and as such points to the high gold prospect...