For thousands of other reports visit RSC's Mineral Intellingence Map
Zephyr Minerals Ltd.
Summary
| Project: | Dawson | |
|---|---|---|
| Deposit: | Dawson, Windy Gulch | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 2/7/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-2-2017: Zephyr Minerals Ltd. announces a PEA report for its Dawson, Windy Gulch deposit at the Dawson project. PEA results incl. post-tax NPV (5%) of US$22.1M, IRR of 46% . Golder Associates Ltd. (Golder) was retained by Zephyr Minerals Ltd. (Zephyr) to | |
| Resources: | (Resource): 78000t @ 0.12g/t Au (Ind.) and 20000t @ 0.16g/t Au (Inf.) at Windy Gulch deposit | |
| CP/QP: | [Resources]: Michael Cullen, Brian Thomas (Mercator Geological Services Ltd.;Golder Associates) | |
| ABSTRACT: | Golder Associates Ltd. (Golder) was retained by Zephyr Minerals Ltd. (Zephyr) to complete an independent Preliminary Economic Assessment (PEA) NI 43-101 technical report for the Dawson Project and provide an updated mineral resource estimate for the Windy Gulch Segment. This report represents the initial public disclosure of a PEA for the Dawson Project. The mineral resource estimates for Windy Gulch were completed by Brian Thomas, P.Geo. Mr. Thomas completed a site visit to the project site on August 2 and 3, 2016. Mr. Thomas is a qualified person (QP) as defined by NI 43-101. This mineral resource estimate presented in this technical report for the Dawson Segment deposit was prepared in accordance with NI 43-101 and the CIM Definition Standards and was originally prepared by Mercator on behalf of Zephyr in 2013. Since Zephyr management has confirmed that no new work material to the 2013 resource estimate has been completed on the Dawson Segment deposit since 2013, Mercator has deemed the 2013 resource estimate to be current for the purposes of NI 43-101 and this report. Based upon results of the current resource estimation program and associated geological interpretation, Mercator is of the opinion that good potential exists for delineation of down-plunge (southwest) and up-plunge (northeast) extensions to the currently defined Dawson Segment deposit at the 0.15 oz/tn (5.0 g/t) Au cut-off grade level. Both of these areas warrant further evaluation through additional core drilling. Additionally, infill core drilling at closer spacing within the current resource limits will be required to upgrade Inferred resources to Indicated or Measured status. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report