FIREWEED ZINC LTD. (“Fireweed”) (TSXV: FWZ) is pleased to announce
that the first field crews have been mobilized to the Macmillan
Pass Property, in Yukon, Canada.
The first crews on site will open camp
facilities and prepare for the upcoming exploration program.
Drilling and other field work are expected to begin in the coming
weeks.
Highlights for the 2021 Exploration
Program
- Drilling will be focused around the
Boundary Zone and the newly discovered Boundary West Zone,
- Evaluation of regional targets
including Bog Zone, Volcanic Zone, and Eleven, potentially
including drill testing,
- Field
exploration programs including geophysical and geochemical surveys,
and geological mapping and prospecting will be carried out on newly
defined targets.
CEO StatementBrandon Macdonald, CEO, stated, “It
is exciting to get boots on the ground to begin our 2021
exploration program. We have an ambitious program planned to drill
the Boundary zones and to carry out a wide-ranging exploration
program seeking new discoveries on large geochemical anomalies, and
geological and geophysical targets, including targets on our new
claims which cover the western extension of the Fertile Corridor.
In the few short years we have worked the property, we have had
great success and have advanced the project to become one of the
largest undeveloped zinc resources in the world. We expect 2021
will be another huge step toward growing a truly world-class zinc
district.”
2021 Diamond Drilling
Program
The 2021 drilling program will seek to expand
and better define both the Boundary and Boundary West zones. Holes
will include step-outs to grow the potential resources, infill
where current drill spacing is insufficient to support a resource,
and limited holes close to past drilling to help define variography
in support of an eventual resource.
Boundary Zone The Boundary Zone consists of a
large zone of vein, stockwork, and breccia-hosted, zinc
(-lead-silver) mineralization cutting across volcanics, mudstones,
and conglomerates, and has large zones of matrix and clast
replacement style mineralization within the course clastic rocks.
Higher grade, near surface mineralization could be suitable for
bulk tonnage, open pit mining.
Drilling highlights from the 2020 program at
Boundary Zone include drillhole NB20-002, which intersected 4.42%
Zinc, 0.08% Lead and 10.7 g/t Silver over 212.70 m, including
25.58% Zinc, 0.14% Lead and 44.0 g/t Silver over 5.81 m.
Boundary West Zone The Boundary West Zone
consists of an upper sequence of stratiform massive sulphides,
Boundary Zone style-vein hosted and replacement style
mineralization, and stratiform, laminar zinc mineralization similar
to the Tom and Jason deposits as well as a lower (older) sequence
of stratiform zinc-lead mineralization and vein hosted zinc
mineralization.
Drilling highlights from the 2020 program at
Boundary West Zone include drillhole NB20-004, which intersected
4.22% Zinc, 0.34% Lead and 25.6 g/t Silver over 76.5 m including
6.46% Zinc, 0.77% Lead and 47.5 g/t Silver over 24.1 m from a
vertical depth of 90 m from surface.
2021 Field Programs
Regional Exploration TargetsThe Fireweed team
have identified many regional exploration targets with
mineralization similar to the Boundary Zone such as the Bog Zone,
Volcanic Zone, and Eleven. These targets will be further evaluated
during the 2021 program, and the best targets may be chosen for
drill testing later in the season.
Exploration crews will also begin work on the
recently acquired Sol and Oro claim groups (see Fireweed News
Release dated Nov 23, 2020) that cover the western extension of the
Fertile Corridor which is host to Boundary Zone, End Zone and the
Jason deposit, and is the prime exploration target trend in the
district. Previous operators explored the Sol and Oro claims for
gold and left a legacy of extensive geochemical and geophysical
data which includes large geochemical anomalies indicating strong
potential for shale hosted zinc and lead deposits as well as large
silver anomalies which may indicate mineralization of a different
type altogether. Many of these anomalies and targets will be
investigated this summer.
Airborne Geophysical SurveyCrews will continue
with the 1,300 line-kilometer airborne VTEM-Magnetics geophysics
survey that was started at the end of the 2020 season but delayed
due to late season weather. The survey will cover the Boundary and
Boundary West Zones as well as regional targets such as Bog Zone,
Volcanic Zone, and Eleven. Results of the survey will be used to
guide work programs and exploration targeting.
Ground Geophysical SurveysThe ground gravity
crew will continue to survey the Fertile Corridor focusing on high
priority target areas. Previous gravity surveys successfully
detected the Tom, Jason, and Boundary Zones, and a gravity anomaly
detected in 2020 lead to the discovery of the newly identified
Boundary West Zone.
Geochemical SurveysContinued soil geochemical
surveys are planned for select areas of the property, and extensive
geological mapping and prospecting will be carried out this summer
to advance Fireweed’s understanding of the geological controls on
mineralization and further delineate prospective areas including
the recently acquired Oro and Sol claims on the western extension
of the Fertile Corridor.Qualified Person StatementTechnical
information in this news release has been approved by Gilles
Dessureau, P.Geo., V.P. Exploration for Fireweed Zinc and a
‘Qualified Person’ as defined under Canadian National Instrument
43101.
About Fireweed Zinc Ltd. (TSXV:
FWZ): Fireweed Zinc is a public mineral exploration
company focused on zinc-lead-silver and managed by a veteran team
of mining industry professionals. The Company is advancing its
district-scale 940 km2 Macmillan Pass Project in Yukon, Canada,
which is host to the 100% owned Tom and Jason zinc-lead-silver
deposits with current Mineral Resources and a PEA economic study
(see Fireweed news releases dated January 10, 2018, and May 23,
2018, respectively, and reports filed on www.sedar.com for details)
as well as the Boundary Zone, Tom North Zone and End Zone which
have significant zinc-lead-silver mineralization drilled but not
yet classified as mineral resources. The project also includes
large blocks of adjacent claims (MAC, MC, MP, Jerry, BR, NS, Oro,
Sol, Ben, and Stump) which cover exploration targets in the
district where previous and recent work identified zinc, lead and
silver prospects, and geophysical and geochemical anomalies in
prospective host geology.
Additional information about Fireweed Zinc and
its Macmillan Pass Zinc Project including maps and drill sections
can be found on the Company’s website at www.FireweedZinc.com and
at www.sedar.com.
ON BEHALF OF FIREWEED ZINC
LTD.
“Brandon Macdonald”
CEO & Director
ContactBrandon MacDonaldPhone:
(604) 646-8361
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Cautionary Statements
This news release may contain “forward-looking”
statements and information relating to the Company and the
Macmillan Pass Project that are based on the beliefs of Company
management, as well as assumptions made by and information
currently available to Company management. Such statements reflect
the current risks, uncertainties and assumptions related to certain
factors including but not limited to, without limitations,
exploration and development risks, expenditure and financing
requirements, general economic conditions, changes in financial
markets, pandemics, the ability to properly and efficiently staff
the Company’s operations, the sufficiency of working capital and
funding for continued operations, title matters, First Nations
relations, operating hazards, political and economic factors,
competitive factors, metal prices, relationships with vendors and
strategic partners, governmental regulations and oversight,
permitting, seasonality and weather, technological change, industry
practices, and one-time events. Additional risks are set out in the
Company’s prospectus dated May 9, 2017, and filed under the
Company’s profile on SEDAR at www.sedar.com. Should any one or more
risks or uncertainties materialize or change, or should any
underlying assumptions prove incorrect, actual results and
forward-looking statements may vary materially from those described
herein. The Company does not undertake to update forward‐looking
statements or forward‐looking information, except as required by
law.
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