Fireweed Zinc shares shoot up following "exceptional' first drill assays from Macmillan Pass
Hole TS18-004 was sunk below the Tom East Zone to test the downdip extension of the resource
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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Hole TS18-004 was sunk below the Tom East Zone to test the downdip extension of the resource
Of 16 holes completed so far, 11 are stepout and infill ones on the southern and northern extensions of the Tom West zone
The company has the potential for a world-class asset with its focus built around its flagship zinc lead silver project, Macmillan Pass, located near the eastern edge of Yukon.
As reported in May, the PEA showed a long mine life of 18 years..
The first two drills have now started step out holes south of the Tom West Zone targeting high-grade mineralization
The group also said Eddy Yu had been hired as the new chief financial officer
The company filed a PEA, which showed a internal rate of return of 32%
The findings show the site could potentially produce concentrates for traders and global smelter customers..
The details were contained in two TSX filings stories