Fireweed Zinc Ltd (TSX-V:FWZ). has announced positive results from the first drill hole at Boundary West for the 2021 Macmillan Pass zinc-lead-silver project drill program, Yukon, Canada.
The first hole of the season, NB21-001 at Boundary Zone West, intersected 46.96 metres (m) of 7.71% zinc, 0.70% lead, and 32.1 grams per ton (g/t) silver. This intersection included a very high-grade section of 0.9m grading 46.50% Zinc, 11.54% lead, and 117.3 g/t silver of stratiform, laminated mineralization similar in style to the Tom-Jason deposits.
In addition, a new zone of stratiform zinc-lead-silver mineralization has been discovered high in the upper sequence at Boundary West, and significant widths of pyrite-sphalerite-galena mineralization have been intersected in other step-out holes at Boundary West.
READ: Fireweed Zinc intersects significant mineralization at the Boundary Zone West area of its Macmillan Pass project
The company said two diamond rigs are continuing to drill in the Boundary Zone area, with eight diamond drill holes completed so far, totalling 2,700m. An 84 line-kilometre ground gravity geophysical survey is also complete and a soil geochemical survey is underway following up on preliminary ground gravity anomalies.
In a statement, Fireweed CEO Brandon Macdonald, commented: “The first step-out hole at Boundary West has demonstrated continuity and an increase in grade of the massive sulphides in the upper sequence compared to the intersection in the discovery hole drilled in 2020.
"The presence of extremely high-grade Tom-Jason style mineralization above the massive sulphide is very encouraging. We are using the geology to vector towards the feeder-structure, where high zinc, lead, and silver grades are anticipated. We continue to advance these discoveries with two rigs now turning at Boundary Zone”.
The company's 2021 drill program has completed eight holes (2,750m) to date and drilling continues with two rigs. Mineralization has been intersected in every hole at Boundary Zone and Boundary West so far, including wide zones of massive sulphides in holes NB21-002, NB21-003 and NB21-004. Mineralization was also intersected in a hole completed at Tom East, TS21-001.
The ground gravity geophysical survey has been completed for a total of 84 line-km comprising surveys over the Eleven, Kobuk, Imperial and Corvus areas (Map 4). A soil geochemical survey has been initiated over gravity highs evident in the preliminary gravity data, focusing on the Kobuk area where there has been no historic soil sampling.
Fireweed Zinc is a public mineral exploration company focused on zinc-lead-silver and managed by a veteran team of mining industry professionals. The company is advancing its district-scale 940 km2 Macmillan Pass Project in Yukon, Canada, which is host to the 100% owned Tom and Jason zinc-lead-silver deposits with current Mineral Resources and a PEA economic study, as well as the Boundary Zone, Tom North Zone and End Zone which have significant zinc-lead-silver mineralization drilled but not yet classified as mineral resources.
The project also includes large blocks of adjacent claims (MAC, MC, MP, Jerry, BR, NS, Oro, Sol, Ben, and Stump) which cover exploration targets in the district where previous and recent work identified zinc, lead and silver prospects, and geophysical and geochemical anomalies in prospective host geology.
Contact the author at jon.hopkins@proactiveinvestors.com