Shares in Fireweed Zinc (CVE:FWZ) shot up Thursday as it released the first "exceptional" drill results from the first hole at its Macmillan Pass Project in Yukon, Canada.
Hole TS18-004 was sunk below the Tom East Zone to test the downdip extension of the resource and hit 21.1% zinc, 13.5% lead and 243 g/t silver over 16.41 meters.
The zone remains open for further expansion.
In this year's season, 20 holes were drilled, comprising 2,965 meters in 11 (mainly step out) holes at Tom West, 748 meters in two holes (step out and infill) at Tom East, 678 meters in one step out hole at Jason South, 429 meters in four step out and confirmation holes at End Zone and 677 meters in two holes on new targets.
Other highlight assays included 8.70m with 23.88% zinc, 19.42% lead and 332.9 g/t silver.
"We are very pleased with the exceptional results from this first drill hole demonstrating again the propensity for these mineralising systems to produce high grades," said Brandon Macdonald, the chief executive.
"The results from TS18-004 show that Tom East is not only open for expansion but can be grown while producing grades well above the zone average.
"With these first drill assays now in, we look forward to continuing releases of drill results from the multiple zones tested this summer as well as results from the large programme of geophysics, geochemistry and mapping carried out on the property."
Fireweed shares added almost 8% at C$0.95.