Fireweed Zinc Ltd (TSX-V:FWZ) has provided new diamond drilling results from the last two holes at Boundary West.
The company also provided a synopsis of its 2021 exploration results and work program on the Macmillan Pass zinc-lead-silver project in Yukon, Canada.
"2021 was another globally challenging year but through diligent work by our talented team and strict health protocols, we had another very successful year at Macmillan Pass,” said Fireweed CEO Brandon Macdonald in a statement.
“The 2021 work was highlighted by new discoveries and excellent results especially at Boundary West. The 2021 drill program continued to grow Boundary and Boundary West Zones. We continued to intersect wide high-grade zones over a large area and in multiple rock formations with a variety of mineralization types - massive sulphides, veins, stockworks, and another new zone of laminated, stratiform mineralization similar in style to our large Tom and Jason deposits. All zones remain open for extension building on what is already one of the largest undeveloped zinc resources in the world at just Tom and Jason.”
READ: Fireweed Zinc hits high grades with one hole at Tom East zone at Macmillan Pass project
Highlights of the new drill results include:
- Step-out hole NB21-009 at Boundary West intersected 14.0% zinc, 0.2% lead, and 57 grams per ton (g/t) silver over 3.05 metres (m) within a broader stratiform zone grading 4.9% zinc, 0.7% lead, and 34 g/t silver over 21.6m.
- Several narrow (0.85m to 2.0m) intervals of high-grade (greater than 10% zinc) vein mineralization were intersected in a broader interval of vein mineralization grading 3.5% zinc over 28.3m in hole NB21-009.
- Hole NB21-010 extends mineralization to a strike length of over 400m at Boundary West.
Highlights for 2021 exploration program:
- In 2021 drilling at Boundary West intersected multiple wide zones of high-grade mineralization including stratiform layers, massive sulphides, veins, stockworks, and replacements.
- Drilling highlights in step-out holes included 8.22% zinc and 53 g/t silver over 60.68m, and 7.71% zinc and 32 g/t silver over 46.96m.
- A new discovery assayed 23.77% zinc, 3.44% lead, and 75.7 g/t silver over 10.42m in stratiform mineralization similar in style to the Tom and Jason deposits.
- A step-out drill intersection at Boundary Zone returned the first significant copper result of 1.54% copper and 5.42% zinc over 2m.
- Infill drilling at Tom East intersected 11.7m of 6.9% zinc, 5.0% lead, and 48.7 g/t silver.
- All zones remain open for extension.
- Ground gravity geophysics, airborne VTEM geophysics, geological mapping, and geochemical sampling were carried out and successfully identified several additional targets for drilling.
Macdonald added: “I want to personally thank our talented and hard-working team for all their great work in 2021, our First Nations partners for their support, guidance and valuable contributions, and our shareholders for their trust and support during a challenging year. We all look forward to another year of major accomplishments in the field in 2022 which will lead to an updated mineral resource to include Boundary zones and an updated PEA economic study next year."
Contact the author: patrick@proactiveinvestors.com
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