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Fireweed Zinc completes this season's drilling at Macmillan Pass in Yukon; awaiting assays

Ten diamond drill holes for 2,948m and nine reverse circulation holes for 507m were sunk this year

Fireweed Zinc Ltd -
A late season airborne VTEM-magnetic geophysics survey and final sampling of drill core are also now being completed as the camp winds down for winter

Fireweed Zinc Ltd (CVE:FWZ) (OTCMKTS:FWEDF) (FRA:20F) said this year's drill program at its giant Macmillan Pass project in Yukon has now been completed with assays for all holes awaited. 

Ten diamond drill holes for 2,948 metres (m) and nine reverse circulation holes for 507m were sunk and a highlight was the new discovery of near-surface zinc-lead mineralization west of the Boundary zone, now called 'Boundary West'. 

READ: Fireweed Zinc finds a new target west of Boundary zone at its giant Yukon project

"It has been a short but intense exploration season at Macmillan Pass where we had three drills working," Brandon Macdonald, the chief executive told investors.

"Highlights for the season are several wide intersections of zinc-lead mineralization in long step out holes at Boundary West Zone for which we eagerly await assays," he added.

"These include yet more wide zones of mineralization in new step out holes 008 and 009 at Boundary West Zone. We also drilled wide intersections in the heart of Boundary Zone and tested other targets as well."

Macdonald said one drill and associated equipment would be left in the camp over the winter so the group could get an 'early start' next season.

The firm noted that infill holes at Tom and Jason were drilled, which showed the potential to use RC drilling as a low-cost alternative to diamond drilling for future upgrading of resource categories at shallow depths.

A late season airborne VTEM-magnetic geophysics survey and final sampling of drill core are also now being completed as the camp winds down for the winter, it added.

The Macmillan Pass asset is host to the Tom, Jason, Boundary Zone and End Zone zinc-lead-silver deposits. Tom and Jason already boast a combined resource of 11.21 million tonnes (Mt) of indicated resources at 9.61% zinc equivalent.

Fireweed believes that the Boundary Zone could potentially be a large 'feeder' system to nearby mineralization similar to the Tom and Jason deposits.

Contact the author at [email protected]

Quick facts: Fireweed Zinc Ltd

Price: 1 CAD

TSX-V:FWZ
Market: TSX-V
Market Cap: $55.59 m
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Fireweed Zinc drill results yield a new mineralized zone at Boundary

Fireweed Zinc (CVE: FWZ) CEO Brandon Macdonald joined Steve Darling from Proactive with significant drilling news from their Macmillan Pass Project. Two distinct systems were drilled at the new discovery at Boundary West: an upper sequence and a lower sequence of stratiform zinc...

1 week, 2 days ago

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