Zephyr Minerals Ltd V.ZFR

Alternate Symbol(s): ZPHYF

Metals & Mining Industrial Metals & Minerals

Zephyr Minerals Ltd. is a Canada-based exploration-stage mining company. The Company's operating segments include an exploration and evaluation property in Colorado, United States, an evaluation property in Zimbabwe. Its projects include Dawson-Green Mountain, Chikonga Mine and Nyanga North Shear Zone Gold. It holds a 100% interest in mineral claims in Colorado, United States, collectively the Dawson-Green Mountain property (the Property). The Dawson section is located at the eastern end of the Property and the Green Mountain section is located at the western end of the Project. It holds a 75% interest in the Chikonga Mine Property. The project is approximately 20 kilometers (km) west-northwest of the town of Mutare. The Nyanga North Shear Zone Gold project is located in north-eastern Zimbabwe in the province of Manicaland near the border. The Company's subsidiaries include Zephyr Gold USA Ltd. and Sutter Mining (Private) Limited.

TSXV:ZFR - Post by User

Zephyr Minerals Ltd > Drilling difficulity

<< Previous

Bullboard Posts

Next >>

Comment by rockport1on Aug 20, 2020 3:26pm

106 Views

Post# 31435282

RE:RE:Drilling difficulity

There we go, proper transparency. That wasn't so hard.

HALIFAX, NS, Aug. 20, 2020 /CNW/ - Zephyr Minerals Ltd. (TSXV:ZFR) (OTC:ZPHYF) ("Zephyr" or the "Company") announces that further to the news release of 8:50 AM ET, 20 August, 2020, the slower than anticipated progress on its drill program at El Plomo , Dawson-Green Mountain property, Colorado was due to rig break downs and slow drilling due to broken ground conditions.

Loren Komperdo, President and CEO, stated "This is the first deep drill hole in this area of the Dawson-Green Mountain property and as such drilling conditions are unpredictable. While the slow progress is unfortunate, we do not foresee any issue with achieving our ultimate targeted drill hole depth of between 457 m and 609 m (1,500 ft – 2,000 ft). The drill hole is currently at a depth of 263 m (862 ft)."