Fireweed Metals Corp (TSX-V:FWZ, OTCQB:FWEDF) has announced the final set of results from the 2022 drill program at the Boundary Zone at its 100%-owned Macmillan Pass zinc-lead-silver project in Canada's Yukon Territory.
The mineral exploration company said additional results from nine holes drilled at the Tom deposit in 2022 are pending.
“The 2022 Boundary Zone drill results are nothing short of spectacular. Earlier in the season at Boundary West, we drilled the best hole in 72 years of exploration anywhere at the Macmillan Pass project,” Fireweed CEO Brandon Macdonald said in a statement. “The current results are not far behind and include extremely high-grade intersections within a new stratiform zone that we have now intersected in just a few holes at Boundary Main. With our biggest ever drill program planned for 2023, we see great potential for Boundary Zone.”
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Boundary Zone drill highlights include:
- Multiple wide and high-grade zinc-lead-silver intersections in five different holes including many near-surface intersections;
- Hole NB22-023 intersected 298m of 4.5% zinc, 1.4% lead, and 30.9 grams per ton (g/t) silver, including a new zone of stratiform mineralization grading 24.5% zinc, 15.1% lead, and 323.2 g/t silver over 9.6m;
- Hole NB22-022 intersected 226.8m of 5.7% zinc, 0.6% lead, and 21.6 g/t silver, including an intersection within the new stratiform zone of 9.3m grading 16.6% zinc, 4.4% lead, and 143.1 g/t silver;
- Hole NB22-017 intersected 60.5m of 12.0% zinc and 21.9 g/t silver starting within 20m from surface, including 6.2m of 40.1% zinc, and 84.2 g/t silver; and
- Hole NB22-012 intersected 174.7m of 3.0% zinc, and 7.9 g/t silver, including 32.2m of 6.4% zinc, and 11.2 g/t silver.
Expanding on the drill program, Fireweed chief geologist Dr Jack Milton said: “Boundary West and Boundary Main are separated by a 300m gap in the drilling at depth. To vector in on high-grade feeder zones, we map out in 3D, increases in: lead mineralization; silicification of the host rocks; abundance of diamictite rocks; and geochemically anomalous indicators such as copper concentration.
“At Boundary we see all of these factors increase towards the gap in the drilling from both sides and this occurs across an early-formed syn-sedimentary fault that likely served as a conduit for mineralizing fluids – a potential feeder zone,” Milton added. “On one side of this gap at Boundary West, we have our best ever hole and on the other side we have these very high-grade results from the newly discovered stratiform zone that is in the same position in the stratigraphy as our Tom and Jason deposits. We see great potential for even higher grades and more metal in the feeder zone, and we are very excited to test this gap by drilling as part of our large 2023 exploration program.”
Fireweed Metals is a public mineral exploration company on the leading edge of critical minerals project development.
Contact the author at stephen.gunnion@proactiveinvestors.com