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Fireweed Zinc Acquires the Gayna River Zinc Project by Staking
VANCOUVER, British Columbia, May 10, 2022 (GLOBE NEWSWIRE) -- FIREWEED ZINC LTD. (“Fireweed” or the “Company”) (TSXV: FWZ; OTCQB: FWEDF) is pleased to announce
About this update from Fireweed Metals Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, May 10, 2022 (GLOBE NEWSWIRE) -- FIREWEED ZINC LTD. (“Fireweed” or the “Company”) (TSXV: FWZ; OTCQB: FWEDF) is pleased to announce the acquisition of the Gayna River Zinc project located in Northwest Territories, Canada. The Gayna River project contains the Critical Metals Zinc, Gallium, and Germanium in addition to Lead and Silver. Highlights Fireweed has acquired the Gayna River project at a very low-cost by staking 128.75 sq-km of mineral claims in NWT. 28,000 m of historic drilling by Rio Tinto outlined impressive large-tonnage exploration targets. The geological environment has globally unique similarities to the very-high grade Kipushi mine. Recent academic studies indicate potential for very-high grade massive sulphide targets which were not recognized by previous owners. Executive Statements Fireweed CEO Brandon Macdonald commented, “The acquisition of the Gayna River project by staking is a low-cost way for Fireweed to expand our portfolio of Critical Metals projects and add some exciting exploration potential. While our focus remains on our flagship Macmillan Pass project, we are keen to explore Gayna River where we see the potential for high-grade massive sulphide mineralization. I see a similar story unfolding at Gayna River as MacPass, where Fireweed can build upon historic exploration and use modern scientific understanding of deposit genesis to unlock a potentially world-class district.” Fireweed Chief Geologist Dr. Jack Milton added, “We are excited to put the exploration methods we have honed so successfully at Macmillan Pass to use in a whole new search space at Gayna River. Leveraging our experience with gravity surveys, muon-tomography, and cutting-edge inversions, we can enable exploration for what has been previously difficult to find – the high-grade centers of large zinc systems. With this new technology we expect to target high-grade massive sulphides with better precision and at relatively low-cost, enabling a new wave of zinc exploration and revitalizing activity at this well-renowned zinc district.” Upcoming Webinar Tune in May 10th at 10 AM PST for Fireweed Zinc’s live webinar as CEO Brandon Macdonald revisits the company's success since the start and details of what have been achieved through the years and where they are now. Fireweed’s Chief Geologist, Dr. Jack Milton,...