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Fireweed Zinc Expands Property at Macmillan Pass Over Large Area of Zinc and Lead as well as Silver Targets
VANCOUVER, British Columbia, Nov. 23, 2020 (GLOBE NEWSWIRE) -- FIREWEED ZINC LTD. (“Fireweed” or the “Company”) (TSXV: FWZ) is pleased to announce the signing o
About this update from Fireweed Metals Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Nov. 23, 2020 (GLOBE NEWSWIRE) -- FIREWEED ZINC LTD. (“Fireweed” or the “Company”) (TSXV: FWZ) is pleased to announce the signing of two separate agreements to acquire significant large claim blocks on the western extensions of Boundary Zone and the Fertile Corridor in the Macmillan Pass area, Yukon. The first agreement with QuestEx Gold & Copper Ltd. (TSXV:QEX) comprises 410 claims covering a total area of 74 km2. The second agreement with two private arms-length individuals comprises 1,582 claims covering an area of 318 km2. Highlights Fireweed has added large highly prospective claim blocks on the western extensions of the Fertile Corridor and Boundary Zone These acquisitions significantly increase the Company’s land position in the Macmillan Pass area from 544 km2 to 936 km2 Historic exploration for gold in the area left a large legacy of exploration data which outlined geochemical anomalies in zinc and lead as well as large anomalies in silver. None of the zinc, lead or silver anomalies have seen any significant exploration CEO StatementBrandon Macdonald, CEO, stated “With the signing of these agreements, we have acquired a large land package with good exploration potential on the western extensions of the Fertile Corridor and Boundary Zone. These properties were originally explored for gold and that work generated a large volume of geochemical and geophysical data that was not closely examined for other metals. The maps attached to this news release demonstrate that there are large and strong soil geochemical anomalies indicating good potential for shale-hosted zinc and lead deposits like our Tom, Jason and Boundary Zones. In addition, there are some big kilometer-scale silver anomalies which may also indicate mineralization of a different type altogether. Our main exploration focus will remain at Boundary, Tom and Jason but these new properties represent an intriguing lottery ticket with potential for future big discoveries.” Exploration PotentialThe acquired claims cover an area of high exploration potential for shale hosted Zn-Pb-Ag systems as well as large silver-in-soil geochemical anomalies. They cover the western extension of the Fertile Corridor which is host to Boundary Zone, End Zone and the Jason deposit and is the prime exploration target trend in the district (Map 1). Geologic...