Fireweed Zinc Ltd (TSX-V:FWZ) has reported high-grade drill results from Tom East at its huge Macmillan Pass project in the Yukon, which, the company said, will be used to update the resource estimate at the zone.
The one hole reported hit 10.41% zinc, 11.58% lead, and149.9 grams per ton (g/t) silver over a width of 7.99 metres (m) (true width 2.46m) starting from a depth of 145.21m.
That intercept was contained within a broader interval of 6.92% zinc, 5.03% lead, and 48.7 g/t silver over 37.99m (11.70 m true width) from a depth of 145.21m, the company said.
"Tom East continues to deliver high-grade results consistent with previous drilling in the area. As we continue to develop the resource, it is highly encouraging that we continue to intersect these wide high-grade zones," Brandon Macdonald, CEO of Fireweed said in a statement.
READ: Fireweed Zinc announces results from its 2021 drilling program at Boundary West, Yukon
"These results will be used to guide future drilling, enhance existing geological models, and upgrade the resource. In the coming weeks, we look forward to more drill results from the last two holes at Boundary West," he added.
The district-scale 940 kilometre Macmillan Pass project is host to the 100% owned Tom and Jason zinc-lead-silver deposits with current mineral resources and a PEA economic study. There is also the Boundary Zone, Tom North Zone and End Zone, which have significant zinc-lead-silver mineralization drilled but are not yet classified as mineral resources.
Tom East is the highest-grade deposit on the property and remains open for expansion and is home to a current resource of 0.81 million tonnes (Mt) at 8.74% zinc, 8.62% lead, and 110.0 g/t silver in the indicated resource category and 1.68 Mt at 9.86% zinc, 12.86% lead and 170.0 g/t silver in inferred.
Contact the author at giles@proactiveinvestors.com