Vancouver, British Columbia: FIREWEED ZINC LTD. (“Fireweed” or the “Company”) (TSXV: FWZ) is pleased to announce that drilling and field work for the 2019 summer campaign has now started on the Macmillan Pass Zinc Project in Yukon, Canada.
See Fireweed news release dated May 21, 2019 for full details of the 2019 exploration plans.
The first target to be core drilled this summer is Tom North, where three of the wide-spaced planned drill holes have now been completed. Samples are now being cut for shipment to the laboratory and an additional (fourth) hole has been added to the Tom North program (see Figure 2) to twin historic hole TS005 (drilled in 1952) to test the reproducibility of the historic results. Fireweed drilling elsewhere at Tom demonstrated that many early historic drill results under-reported grades due to poor core recoveries (see examples in 2017 and 2018 Fireweed drilling news releases). The 2019 Tom North drilling is testing the continuity of mineralization along a 600 m long extension northwards from the large Tom West mineral resource. Positive drill results at Tom North have the potential to extend open pit and underground mine life, and improve economics described in the current Preliminary Economic Assessment (PEA) (see Fireweed news release dated May 23, 2018).
Reverse circulation (RC) drilling has begun at Target R (see Map 1) to test a coincident gravity-magnetic and soil anomaly discovered in 2018. Target R is located 2.5 km north of the Tom West mineral resource. The next target for the RC drill is Jason North, which is a coincident geological-geochemical-geophysical target located just north of the large Jason Main mineral resource.
Gravity survey crews have arrived on site and will begin surveying in the coming days. Gravity surveying is planned along the Fertile Corridor and will extend west from the 2018 survey area (see Map 1). In 2018, gravity surveys identified a number of targets that will be drilled this summer.
Geological mapping, sampling, and prospecting has begun with the aim to advance Fireweed’s understanding of the geological controls on mineralization and further delineate prospective areas on the large 544 km2 property. Technical information in this news release has been reviewed and approved by Gilles Dessureau, P.Geo, Vice President, Exploration and a ‘Qualified Person’ as defined under Canadian National Instrument 43-101.
MAP 1: MACMILLAN PASS MINERALIZATION AND TARGETS
FIGURE 2: TOM NORTH TARGET WITH HISTORIC DRILL RESULTS 1
A new drill target found in old data
Corporate Presentation Corporate Factsheet 43-101 Resource Report 43-101 Preliminary Economic Assessment Yukon Geoscience 2019 Presentation Online Townhall 2020 Presentation