Zephyr Minerals Ltd. is a gold exploration and development company focused on advancing its flagship Dawson Gold Project in Colorado, USA. Dawson is an advanced stage high-grade gold property with excellent blue sky potential.
Since acquiring Dawson the Company has completed a successful drill programs, completed two independent resource estimates in accordance with National Instrument - Standards of Disclosure for Mineral Projects ("NI 43-101"), commenced baseline environmental studies and finalized necessary metallurgical test work.
Management continues to hold the view that Dawson has the potential for an economic, near-term, low capex, low opex, high grade underground gold mine. The Company intends to continue exploration with the objective of identifying additional resources to increase the proposed mill through-put as contemplated in the PEA and extend the potential mine life. Areas targeted for resource expansion include the Dawson segment which is open down-plunge and to the west, the Windy Gulch segment which is open at depth, and the Windy Point segment where potential is indicated by near surface high grade gold mineralization. In addition, the newly staked Sentinel claims have added a considerable extension to the Dawson Shear Zone in the east and are considered highly gold prospective. The next drill program is in the planning stages for commencement in the spring of 2019 subject to funding. The large, new Sentinel segment which has never been drilled will be a significant focus, as success in this area would be a transformative event for the Dawson-Green Mountain Project. The Sentinel segment has a strike length of at least 1,000 m, which is twice the strike length of the current resource on the Dawson segment. A targeted soil geochemistry program is underway in the Sentinel segment with results anticipated in late Q4-2018, and will assist in generating additional drill targets.
A review of the Green Mountain Property is currently in progress with the view to planning a limited exploration program in Q2-Q3-2019. The Company is currently endeavouring to gather all historical data on the area to guide planning. This property is considered very prospective for both gold and copper as at Dawson, and as well, zinc and silver.