Fireweed Metals Corp. (TSXV: FWZ | OTCQB: FWEDF), formerly Fireweed Zinc Ltd., has commenced a 2023 diamond drill programme at its flagship Macmillan Pass zinc-lead-silver project in Canada’s Yukon Territory along with an operations update.
“We are off to a great start and look forward to a game-changing season ahead. We are on track to complete the largest ever drill programme Fireweed has carried out at Macmillan Pass. The first drill rig is turning and we are preparing to receive four more drill rigs once the road to site is opened,” CEO Brandon Macdonald said.
Drilling is underway with over 16,000m of drilling planned, using five diamond drill rigs, and representing Fireweed’s largest ever drill programme with goals to expand all known mineralized zones at Macmillan Pass.
The initial phase of drilling is focused on growth at the Boundary Zone, building on past successes. The Macmillan Pass Camp expansion is also progressing on schedule along with the commencement of year-round environmental studies for future assessments to advance Macmillan Pass towards production.
Drilling will specifically target the high-grade stratiform mineralization and massive sulphide mineralization at Boundary West and Boundary Main. Fireweed has identified an area that has geological potential to host a high-grade feeder zone, flanked by two of Fireweed’s best ever drill holes at Boundary zone.
The Phase 1 programme will provide a first pass drill test of this potential feeder area that may link Boundary Main and Boundary West. The latter phase of drilling will also target the Tom and Jason zones.
The wholly-owned Macmillan Pass project is currently host to one of the world’s largest undeveloped zinc resources. The Tom and Jason deposits have an indicated mineral resource of 11.21Mt at 6.59% zinc, 2.48% lead, and 21.33g/t silver, and inferred resources of 39.47Mt at 5.84% zinc, 3.14% lead, and 38.15g/t silver.
“It’s busy times and exciting times; and with a healthy treasury of over C$30M, 2023 is shaping up to be a banner year for Fireweed,” the CEO added.
For further information, please visit: www.fireweedmetals.com
