Total
0
Shares

Subscribe

Be the first with the news that moves the market
  • Fireweed Zinc (FWZ) has announced the final results of its 2020 drilling program at the Macmillan Pass Project in the Yukon
  • Highlights include 11.00 per cent zinc, 8.74 per cent lead, and 19.6 g/t of silver over 8.2 metres in the Tom West area of the property
  • The 2020 program was designed to test the potential of RC drilling as a lower-cost alternative to diamond drilling for upgrading mineral resources at shallow depths
  • Fireweed Zinc Ltd. (FWZ) is down 2.47 per cent and is trading at $0.79 per share

Fireweed Zinc (FWZ) has announced the final results of its 2020 drilling program at the Macmillan Pass Project in the Yukon.

A reverse circulation (RC) drill program at the Tom and Jason deposits discovered significant amounts of mineral resources, particularly at the Tom West and Tom North areas.

Brandon Macdonald, CEO of Fireweed Zinc, commented,

“Improvements in grade with modern drilling methods have been seen in 2018 at Tom West, in 2019 at Tom North and again here in 2020, showing significant grade upside potential for infill drilling.”

He added,

“The successful step-out hole shows that the project continues to grow at Tom as we advance new discoveries at Boundary Zone.”

The 2020 program was designed to test the potential of RC drilling as a lower-cost alternative to diamond drilling for upgrading mineral resources at shallow depths.

The program yielded the following results:

  • Hole TRC20-003 intersected 8.2 m true thickness of 11.00 per cent zinc, 8.74 per cent lead, and 19.6 g/t silver in an infill hole at Tom West
  • Hole TRC20-007 intersected 8.1 m true thickness of 5.92 per cent zinc, 0.25 per cent lead, and 1.7 g/t silver in a step-out hole at Tom North
  • Hole TRC20-002 intersected 10.6 m true thickness of 9.43 per cent zinc, 5.36 per cent lead, and 36.4 g/t silver in a twin of hole TS020, an historic diamond hole drilled at Tom West in 1952.

The lead and silver grades in RC twin holes are significantly higher than historic small-diameter diamond drill holes.

Mr. Macdonald remarked,

“We see potential to use RC drilling during infill drill programs to reduce the cost of upgrading mineral resources at shallow depths, particularly at Boundary Zone where mineralization occurs at surface and is hosted by much more competent rocks where drilling conditions are much more favourable.”

Fireweed Zinc is a public mineral exploration company focused on zinc-lead-silver and managed by a veteran team of mining industry professionals.

Fireweed Zinc Ltd. (FWZ) is down 2.47 per cent and is trading at $0.79 per share as of 1:46 pm ET.

More From The Market Herald

" NEO Battery (TSXV:NBM) starts a pilot plant project

NEO (NBM) has launched a pilot plant project that will test NEO’s single-step silicon (Si) nanocoating process for metallurgical-grade silicon.

" Palladium One (TSXV:PDM) intersects massive sulphide mineralization at Tyko Nickel-Copper Project

Palladium One (PDM) has released the final results from its Phase II drill program at the Tyko Nickel-Copper Project.

" Blue Star Gold (TSXV:BAU) prepares for drilling program at its Ulu and Hood River projects

Precision GeoSurveys Inc. has commenced the first stage of Blue Star’s (BAU) 2021 exploration program.

" Ethos Gold (TSXV:ECC) engages GoldSpot Discoveries

Ethos Gold (ECC) has engaged GoldSpot Discoveries (SPOT) to evaluate its Toogood Project in Newfoundland.