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Be the first with the news that moves the market- The Colorado Mines and Lands Reclamation Board (MLRB) has made a ruling in favour of mining company, Zephyr Minerals (ZFR)
- The ruling allows Zephyr to begin its 2020 drilling program on Broken Hill Type targets on its Dawson-Green Mountain property
- The property’s El Plomo section has a number of highly prospective BHT targets for silver, lead, and zinc
- Mobilisation at the site will begin next week, with the drill scheduled to start turning in early August
- Zephyr Minerals (ZFR) is up 11.86 per cent and is currently trading at C$0.66 per share
The Colorado Mines and Lands Reclamation Board (MLRB) has made a ruling in favour of mining company, Zephyr Minerals (ZFR).
The ruling, announced in a hearing in Denver today, upholds a previously approved Notice of Intent (NOI) by the Colorado Department of Mines Reclamation and Safety (DRMS).
As such, the ruling gives Zephyr clearance to proceed with its 2020 drilling program on its Dawson-Green Mountain property. Specifically, the company can now begin to drill Broken Hill Type (BHT) targets in the property’s El Plomo section.
The area in question has a number of highly prospective BHT targets for silver, lead, and zinc.
Zephyr Minerals now intends to begin the mobilisation process next week. The company’s initial steps will involve erecting a wooden drill platform, followed by the drill setup.
If this process goes smoothly, Zephyr expects that the drill will start turning in early August 2020.
Zephyr Minerals’ President and CEO, Loren Komperdo, welcomed the ruling, and the drilling that is now shortly to follow.
“We are very pleased the Mines and Lands Reclamation Board ruled in Zephyr’s favour, and now look forward to drill-testing our highly prospective BHT targets, which show many strong similarities to the BHT deposits in Australia.
“To the best of our knowledge, this is the only BHT target in North America. BHT deposits can be world-class deposits with the holy grail of mining; large tonnage and high grade. This is an exciting time for Zephyr shareholders,” he said.
Zephyr Minerals (ZFR) is up 11.86 per cent and is trading at C$0.66 per share at 3:02pm EDT.
