Fireweed Zinc Ltd. (CVE:FWZ) said the last results from 2019 drilling at the Macmillan Pass Project in Yukon, Canada have potential to “meaningfully expand" the current resource.
In a statement, the company said highlights of the results from the Boundary Zone, located 15 road kilometres west of the Jason Deposit, included a final 2019 drill hole which intersected 4.14% zinc over a true width of 230 metres with a near-surface higher grade section of 7.94% zinc over a true width of 100 metres and high grade subintervals including 42.49% zinc over 6.4 metres.
READ: Fireweed Zinc hails assays from Boundary Zone hole in Yukon, which could improve project's resources and economics
The firm added that the zone remains open to depth and along strike and added that the Boundary Zone has potential to be mined in a low strip open pit and to be upgraded through low cost ore sorting technology for processing.
It pointed out that the addition of the Boundary Zone to the project has potential to expand current mineral resources and improve already robust current PEA economics.
Brandon Macdonald, Fireweed’s CEO commented: “These results are a great way to finish the 2019 drilling at Macmillan Pass.”
“I had previously stated that our first hole NB19-001 was the best ever drilled at Boundary and now we have eclipsed that with NB19-002.
“This hole is even better and clearly demonstrates zones of very high grade within a very broad interval which points to the large size and grade potential of Boundary Zone,” he said.
Macdonald added: “These results, along with recent drilling success at Tom North and End Zone, have potential to meaningfully expand on our current resource.
“With all the data in from the summer program, we will now fully evaluate the results and consider the best path forward to advance the project. Clearly we have some potential levers to improve economics after our excellent results from the 2018 and 2019 campaigns.”