Vancouver, British Columbia: FIREWEED ZINC LTD. (“Fireweed” or the “Company”) (TSXV: FWZ) is pleased to provide an update on its exploration program at the Macmillan Pass Zinc Project in Yukon, Canada.
Drilling started at the Tom North target to test a 600m long potential north extension of the large Tom West mineral resource (see Figure 2). Three holes were initially planned but the program was expanded and seven holes have been completed. Positive drill results at Tom North have the potential to extend open pit and underground mine life, and improve Tom economics described in the current Preliminary Economic Assessment (PEA) (see Fireweed news release dated May 23, 2018).
A step-out hole at Tom West has been completed to extend the high-grade feeder mineralization to the south.
A step-out hole was completed at Tom East on the down dip extension of a very high grade 2018 hole which returned 21.1% zinc, 13.5% lead and 243 g/t silver over 16.41 metres (see Fireweed news release dated September 20, 2018 for details).
One hole tested Target R where coincident gravity-magnetic highs and a soil anomaly were detected near the camp access road north of the Tom deposits.
Two holes were completed on the Jason North target located immediately north of the large Jason Main Deposit. This target was defined through re-interpretation of historic data and is marked by coincident soil and geophysics anomalies. Despite its location close to Jason Main, Jason North was never before drilled.
The drill has now moved to test the large coincident gravity-magnetic anomaly at Target A after which it will test Target G (see Map 1). See Fireweed news release dated May 21, 2019 for full details of the 2019 exploration plans.
Samples from the first six core holes have been processed and shipped to the laboratory; additional samples will be shipped this week. Drill results will be published as assays are received and interpreted.
Gravity geophysical crews have surveyed about half of the Fertile Corridor between End Zone and Boundary Zone (see Map 1). Additional gravity surveying may occur this summer as budget and availability of the crew allow.
Geological field work has been focusing on developing additional drill targets at David, Target G and the Fertile Corridor (see Map 1).
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.
New Community Liaison Office opened in Ross River
Fireweed is pleased to announce that it has opened an office and hired a Community Liaison Officer in the Kaska community of Ross River, within the traditional territory of the Ross River Dena Council. Ross River is the nearest settlement to the Macmillan Pass project, located about 200km to the southwest. Fireweed believes in the importance of engaging with local communities and First Nations toward building respectful relationships through dialogue and collaborative processes. This new office will provide the Company with a full-time presence in the community to continue to build our relationships with and address any concerns of community officials and individual members of Ross River as well as other nearby First Nations of Liard and Na-Cho Nyäk Dun.
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 2020 Presentation Online Townhall 2020 Presentation