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Zephyr Provides Update on El Plomo Exploration
Zephyr Provides Update on El Plomo Exploration Canada NewsWire HALIFAX, NS,...
About this update from Zephyr Minerals Ltd.
[{"type":"text","content":"\n \n \n \n Zephyr Provides Update on El Plomo Exploration\n \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 Canada NewsWire\n \n \n HALIFAX, NS, Nov 16, 2020\n \n \n \n \n Trading Symbol:  TSX-V: ZFR     OTC-ZPHYF\n \n Shares Outstanding: 66,603,485\n \n \n \n HALIFAX, NS\n \n ,\n \n Nov 16, 2020\n \n /CNW/ - Zephyr Minerals Ltd. (TSXV: ZFR) (OTC: ZPHYF) (\"\n \n Zephyr\n \n \" or the \"\n \n Company\n \n \") announces that it has received analysis for diamond drill hole EP-20-01 drilled for a Broken Hill Type (\"BHT\") target in the El Plomo area of Zephyr's\n \n Dawson-Green Mountain\n \n property. EP-20-01 intersected a magnetic sulphide mineralized zone of\n \n 2.9m\n \n (9.5 ft) (drill intercept length) from 219.9 to\n \n 222.8m\n \n (721.5 to 731.0 ft) which assayed 1.3% zinc, 0.2% copper, 0.2% lead, 0.16 g/t gold and 6.4 g/t silver. This drill intercept is approximately\n \n 125m\n \n (400 ft) below historic hole GC-9 which intersected\n \n 8.2m\n \n (26.9 ft) of 5.3% zinc from\n \n 55.6m\n \n (182.4 ft) including\n \n 2.5m\n \n (8.2 ft) of 10.2 % zinc from\n \n 85.8m\n \n (281.5 ft) (news release April16, 2020). Drill hole EP-20-01 is only the third drill hole in this area of the El Plomo section.\n \n \n Drilling did not encounter a structural fold as suggested by the 3D inversion magnetic modelling. A review of the magnetic signature of the core in drill hole EP-20-01 established that the well banded gneiss (\"WBG\") directly above the mineralized zone was strongly magnetic due to the presence of magnetite in these rocks. The anomalous magnetic rocks in the WBG is highly localized. Historic drill hole GC-9 located approximately\n \n 125m\n \n (400 ft) updip from drill hole EP-20-01 was only weakly magnetic in the WBG zone. The magnetic modelling appears to be reflecting the magnetic WBG rather than the magnetic sulphide zone.\n \n \n Exploration for BHT targets at El Plomo based solely on magnetics may be problematic due to the geophysics being unable to distinguish between magnetic WBG and BHT sulphides. As such, detail...