Dawson Gold Property Water Monitoring Drill Program

HALIFAX – Zephyr Minerals Ltd. announced the commencement of a water monitoring drill program in support of resubmitting a mining permit application with the Colorado Division of Reclamation, Mining and Safety (DRMS) for the Dawson gold property in Colorado. The Application will be resubmitted immediately after receipt of the analytical results from the water samples collected in the fifth and final quarter of monitoring. The Company anticipates receiving the first quarter of water sample analytics before the end of the year; however, additional funding is required to complete the full five-quarter analytical program.
Loren Komperdo, President and CEO, said, “What sets Dawson apart is its high gold grades. With gold at record levels and a strong outlook for the metal, the Company is excited to begin the final step needed to resubmit the Application. Zephyr is in an advantageous position to obtain a mining permit because the proposed operations will be limited to patented lode mining claims owned or controlled by the Company. Additionally, the low sulphide content and absence of deleterious elements in the Dawson deposit demonstrate that the proposed mining operation will be environmentally benign. Obtaining a mining permit would be a key milestone in the project’s development and should be instrumental in delivering shareholder value.”