Fireweed Metals Corp (TSX-V:FWZ, OTCQB:FWEDF) has announced the start of a 2023 diamond drill program at its 100%-owned Macmillan Pass zinc-lead-silver project in Canada's Yukon Territory, its largest ever drill program with goals to expand all known mineralized zones at Macmillan Pass.
The mineral exploration company said Phase 1 drilling is underway with plans to complete more than 16,000 metres (m) between the Boundary, Tom, and Jason zones using five diamond drill rigs.
“The first drill rig is turning and we are preparing to receive four more drill rigs once the road to site is opened,” Fireweed Metals CEO Brandon Macdonald said in a statement.
“It’s busy times and exciting times; and with a healthy treasury of over $30 million, 2023 is shaping up to be a banner year for Fireweed,” Macdonald added.
Fireweed noted that the focus of the initial phase of drilling is growth at the Boundary Zone, concentrating on stepping out from the high-grade intersections drilled in 2022, such as holes NB22-023 that intersected 298m of 4.5% zinc, 1.4% lead, and 30.9 grams per tonne (g/t) silver.
The company added that Phase 1 2023 step-outs will include testing the potential continuation of the high-grade stratiform mineralization and massive sulphide mineralization at Boundary West and Boundary Main, with Fireweed having identified an area between Boundary West and Boundary Main that has geological potential to host a high-grade feeder zone and is flanked by two of Fireweed’s best ever drill holes at the Boundary Zone, NB22-002 and NB22-023.
As well, the company stated that year-round, field-based environmental baseline studies are underway to support project planning and impact assessment activities to inform future assessment processes to advance Macmillan Pass towards production.
Construction is also well underway at its new 48-person camp expansion, Fireweed said.
Fireweed Metals is a public mineral exploration company on the leading edge of critical minerals project development.
Contact Sean at sean@proactiveinvestors.com