Business
Zephyr Provides Update
Halifax, Nova Scotia--(Newsfile Corp. - December 9, 2025) - Zephyr Minerals Ltd. (TSXV: ZFR) (OT...
About this update from Zephyr Minerals Ltd.
[{"type":"text","content":"Zephyr Provides UpdateHalifax, Nova Scotia--(Newsfile Corp. - December 9, 2025) - Zephyr Minerals Ltd. (TSXV: ZFR) (OTC Pink: ZPHYF) (\"Zephyr\" or the \"Company\") is pleased to announce that it has engaged Pinyon Environmental, Inc., of Lakewood, Colorado, to conduct a comprehensive water monitoring and analytical program in support of resubmitting a mining permit application (the \"Application\") to the Colorado Division of Reclamation, Mining and Safety (\"DRMS\") for its 100%-controlled Dawson Gold Property in Colorado, USA. The program is designed to establish baseline ground water and surface water conditions at and around the Dawson Gold Deposit. Monitoring will begin this month and continue on a quarterly basis through December 2026, after which the Company intends to resubmit the Application to DRMS.Also, the Company wishes to announce the retirement of Ms. Suzan Frazer as corporate secretary of the Company. Ms. Frazer has served as corporate secretary since the Company's inception in 2010. The Board wishes to extend its gratitude to Ms. Frazer and wishes her the very best in her retirement. Mr. David Felderhof, a director and Chief Financial Officer of the Company, will succeed Ms. Frazer as corporate secretary.About Dawson Gold PropertyThe Dawson Gold Deposit hosts an Inferred Mineral Resource1 prepared in accordance with National Instrument 43-101 (\"NI 43-101\") of 343,000 tonnes grading 12.11 g/t for 133,500 ounces of gold at a 5 g/t cut-off with no top cut, and 116,300 ounces of gold at 10.55 g/t with a 40 g/t top cut. The estimate has an effective date of July 19, 2013. No updates to the resource estimate have been made to incorporate the results from drilling programs completed between 2017 and 2020.The deposit is open at depth, with exploration potential to the east and west. A Preliminary Economic Assessment2 (\"PEA\") was prepared in accordance with NI 43-101 with an effective date of March 21, 2017. Utilizing a gold price of $1,250/oz, the PEA showed robust economics with an all-in sustaining cost (\"AISC\") per ounce of $692. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Given the substantial increase in the gold price since 2017, the attractiveness of the Dawson project has been significantly enhanced. The potential to expand resources is excellent at depth o...