Company
CVE:FWZ
Fireweed Metals Corp is a Canadian mining exploration and development company focused on developing critical metals mines. Currently, Fireweed is advancing the Macmillan Pass Project which is host to the Tom, Jason, Boundary Zone & End Zone zinc-lead-silver deposits. Located in the Yukon Territory, Canada, the property is accessible via gravel road and by air via the Macmillan Pass Airstrip located on the property. Management’s vision is to create value for our shareholders by building Fireweed into a leading critical metals mine development company through the advancement and development of multiple projects including the Macmillan Pass Project. The company has an exceptional veteran management team with a strong track record of successful exploration, development, financing and operation.
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The firm said it carried out an initial test using state-of-the-art X-ray fluorescence ore sorting technology at the Boundary zone, which lies 15km northwest of the Jason zinc-lead-silver deposit
Macmillan is host to the Tom, Jason, Boundary Zone and End Zone zinc-lead-silver deposits
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A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
Drilling started at the Tom North target to test a potential 600 meter long north extension of the large Tom West mineral resource, the group said
Drilling at Tom North during the summer 2019 exploration program is designed to test the continuity of mineralization to the north of a previously defined mineral resource
The company is planning around 3,000 metres of drilling to include step-out targets with strong upside potential at Tom North, Tom East and Jason North
Crews have been mobilized ahead of building drill sites at the first target at the Tom North area
The work will include greenfield targets and step-out drill targets, the company said
With more than 25,000 attendees, 1,000 exhibitors, and 3,500 investors, PDAC is a convention to watch
The company is advancing its large 544 square kilometer (sq km) Macmillan Pass project in Yukon, Canada
Teck has agreed to buy more than 2 million shares, increasing its interest in Fireweed to nearly 10%
Consolidating its landholding at its flagship Macmillan Pass project was a major highlight of 2018.
The company published a preliminary economic assessment that included an internal rate of return of 24%
The company boss said that End zone exploration was at an earlier stage than the company's Tom or Jason deposits
Fireweed acquired a 100% interest in the 372 claims for 1.5 million shares
This is the first drill hole in the area since 1991 and confirms the high-grade nature of the mineralization at End Zone
"Next, we look forward to our first drill results from the End Zone which is a third zinc system located northwest of the Jason Deposit
The explorer has inked a purchase agreement with Teck Metals Ltd, a subsidiary of Teck Resources
One hole hit 8.11% zinc, 6.31% lead and 82 g/t (grams per ton) silver over 10.16 meters, the firm said
Highlight intercepts were 12.61% zinc, 16.40% lead and 221 g/t (grams per ton) silver over 12.73 meters from one hole
