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Zephyr Minerals Ltd.
Summary
| Project: | Dawson | |
|---|---|---|
| Deposit: | Windy Gulch | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 10/18/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 18-10-2016: Zephyr Minerals Ltd. announces an Exploration/Drilling Update report for its Windy Gulch deposit at the Dawson project. Drilling results incl. 9.6m @ 4.0g/t Au from 12.8m. HALIFAX, Oct. 18, 2016 /CNW/ - Zephyr Minerals Ltd. ("Zephyr" or the "C | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mark Graves (Not stated) | |
| ABSTRACT: | HALIFAX, Oct. 18, 2016 /CNW/ - 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. 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. | |
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