Zephyr to undertake water monitoring Dawson property, USA, and private replacement financing – Canon City Daily Record

What’s Happening?

Zephyr Minerals Ltd. announces plans to resubmit a mining permit application (the “Application”) with the Colorado Division of Reclamation, Mining and Safety (“DRMS”) for its 100% owned, Dawson gold property in Colorado, USA. In order to resubmit the Application, the Company must address deficiencies in the previously filed application filed on June 30, 2021.

The principal issues required to be addressed pertain to water monitoring wells and related sampling methodology. Zephyr is required to drill five groundwater monitoring wells over and above those previously drilled and monitored for five quarters by Zephyr, as well as one compliance well. DRMS requires that the additional wells also have five quarters of monitoring data before they can consider approving the Application. Under current regulations DRMS must respond, by approving or denying the Application, within one year from the date on which DRMS considered the Application to be complete. Zephyr expects to commence drilling and monitoring the required five wells within 30 days. Re-submission of the Application will take place immediately following receipt of the analytical results from the final samples collected in the fifth quarter.

Loren Komperdo, President and CEO stated; “It is management’s view that the highly attractive current and forecast gold prices combined with the excellent gold grades at Dawson and straightforward permitting process, warrant taking action on this unique opportunity. Success in obtaining a mining permit will be a critical step in the development of this project and should be accretive to shareholder value.”

Zephyr is in an advantageous position to obtain a mining permit due to the fact proposed operations will be restricted to lands and patented lode mining claims owned/controlled by the Company. As such, the permitting process requires satisfying the conditions of the Fremont County Board of Commissioners and the State of Colorado exclusively, and is a defined process.

CCHS class of 1979 reunion slated for Aug. 2-4

The Canon City High School Class of 1979 will host its 45th high school reunion Aug. 2-4. Details are posted in the Canon City High School Class of 1979 Facebook group. Celebrate memories and friendships and have a roaring good time. For more information, email stumphgirl@gmail.com.

Summer Soak Down slated for June 13

The Canon City Public Library, as part of its Summer Learning Program, will host the popular Summer Soak Down in Cara Fisher Square at 2 p.m. on June 13. Be prepared to get soaked! This event has always been super fun for everyone. Bring a super soaker, and a towel (water shoes are a good idea too).