Business
Fireweed Metals Drills 56.5 m of 6.34% Zinc and 36.4 g/t Silver Including 11.6 m of 10.9% Zinc and 43.5 g/t Silver
VANCOUVER, British Columbia, Feb. 15, 2023 (GLOBE NEWSWIRE) -- FIREWEED METALS CORP. (“Fireweed” or the “Company”) (TSXV: FWZ; OTCQB: FWEDF, formerly Fireweed Z
About this update from Fireweed Metals Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Feb. 15, 2023 (GLOBE NEWSWIRE) -- FIREWEED METALS CORP. (“Fireweed” or the “Company”) (TSXV: FWZ; OTCQB: FWEDF, formerly Fireweed Zinc Ltd.) is pleased to announce additional results from the 2022 drill program at Boundary West, Macmillan Pass, Yukon, Canada (Map 1). Highlights An infill hole intersected 56.5 m of 6.34% zinc, 0.38% lead, and 36.4 g/t silver within the massive sulphide zone at Boundary West. Several step-out holes successfully intersected stratiform mineralization, massive sulphides and Howard Pass style mineralization, extending the mineralization at Boundary West. Assay results from 21 holes from Boundary Main and Tom are pending from the 2022 drill program. Fireweed is preparing for its largest ever drill program with a cash position of C$38.6M. CEO Statement Brandon Macdonald, CEO, stated “These results from the 2022 Boundary West drilling program include several significant step-outs and demonstrate that the massive sulphide zone carries good grade and continuity. We hit another intersection in the Howard’s Pass style mineralization in older rock units for which we see further potential across the property. Results are pending from many of the 2022 drillholes that intersected wide intervals of intense sphalerite-galena mineralization at Boundary Main and the Tom deposit.” Boundary West Drilling Results The following drill results are from three drill holes located at Boundary West (Maps 1 and 2). The results from many other holes from the 2022 drill program are pending, including 12 holes from Boundary Main, 8 holes from Tom West and 1 hole from Tom East. NB22-004 At depth, this hole intersected a zone of stratiform zinc-lead-silver mineralization over 28 m grading 2.6% zinc, 1.5% lead, and 26.5 g/t silver (Table 1, Cross Section D-D’). Preliminary geological interpretations correlate this layer with the stratiform zinc-lead-silver mineralization previously discovered at Boundary West, representing an approximately 115 m step-out. A thin (0.65 m) intersection of high-grade sphalerite veining returned 28.5% zinc within a sequence of conglomerates, similar in style to Boundary Main (Table 1). This hole was targeting a step-out from the very high grade and wide intersection of massive sulphide in hole NB22-002 (reported in Fireweed News Release dated Nov 22, 2022) but had to be aba...