Zephyr Minerals (TSX: V.ZFR, Stock Forum) Thursday reported results for the first seven holes of a 13 hole diamond drill program on the Windy Gulch zone of the Dawson gold project in Colorado, this according to a company news release.
Results included 14.3 meters of 6.2 g/t gold.
"We are very pleased with these initial drill results at Windy Gulch and we are confident these will be accretive to the resources currently being estimated for the project as a whole. Following the resource estimate expected to be completed by the end of Q2-2013, a preliminary economic assessment (PEA) will be undertaken to further evaluate the near term development potential of the project," said Zephyr Minerals President and CEO Lorne Komperdo.