Ze­phyr Min­er­als drills 6.6m of 4.8 g/t Au at Daw­son

Stockwatch Daily - - MINES & METALS - Mr. Loren Kom­perdo re­ports

ZE­PHYR MIN­ER­ALS Ltd. has pro­vided as­say re­sults for di­a­mond drill hole WG-18-40 drilled on the Windy Gulch seg­ment of the Daw­son gold project in Col­orado, United States. High­lights in­clude 4.8 grams per tonne of gold in­ter­sected over 6.6 me­tres (21.6 feet).

(See ZFR Ta­ble 1 on page 16)

This is the fi­nal drill hole in the cur­rent drill pro­gram and was drilled to ex­tend the high-grade gold min­er­al­iza­tion on the east side of the Windy Gulch seg­ment. Fol­low-up drilling is war­ranted to test fur­ther con­ti­nu­ity of gold min­er­al­iza­tion at depth of WG-18-40

Loren Kom­perdo, pres­i­dent and chief ex­ec­u­tive of­fi­cer, stated: “Over all, the 2018 drill pro­gram was suc­cess­ful de­spite dis­ap­point­ments in a few of the drill holes, such as WG-18-37 on the Windy Gulch seg­ment which in­di­cated the pres­ence of a granitic dike cross­ing through the gold min­er­al­iza­tion in this area, and DA-18-12 and DA-18-13 on the Daw­son seg­ment which closed off the gold min­er­al­iza­tion on the east bound­ary of the cur­rent re­source al­beit only at a shal­low depth. These re­sults were off­set by pos­i­tive re­sults in the west­ern area of the Daw­son seg­ment where drill holes DA-18-15 and DA-18-16 in­ter­cepted 2.7 m of 8.7 g/t gold and 3.4 m of 17.6 g/t re­spec­tively (see news re­leases Sept. 10 and Oct. 23, 2018).”

The phase two drill pro­gram is in the plan­ning stage for Q1 2019 and it is an­tic­i­pated, sub­ject to fi­nanc­ing, to sig­nif­i­cantly ex­pand the drilling ef­fort with tar­gets slated for drilling on (from east to west), the Sen­tinel, Daw­son, Windy Gulch and Windy Point seg­ments.

Ex­clud­ing the Cop­per King seg­ment, which is con­sid­ered a low pri­or­ity tar­get at this time, the phase two drill pro­gram will be tar­get­ing drill holes over an over­all strike length of ap­prox­i­mately 1,800 m of favourable struc­ture. Given the scope of the planned drill pro­gram, 2019 could be an im­por­tant year for re­source growth on the Daw­son project.

The 2018 field sea­son will wind up with the com­ple­tion of a soil geo­chem­istry pro­gram on the Sen­tinel seg­ment in late Novem­ber de­signed to as­sist in iden­ti­fy­ing ad­di­tional drill tar­gets in this area for the phase two pro­gram.

We seek Safe Har­bor.

Erika Flores con­densed this news re­lease (erikaf@stock­watch.com).

John Mar­shall Clark, David Hugh Felder­hof, Ger­hard William Felder­hof, David James Grand, Loren Kom­perdo, Scott Rho­d­enizer

(ZFR) Shares: 47,332,620

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