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Fireweed Zinc Provides Year-End Review of 2019 Accomplishments
VANCOUVER, British Columbia, Jan. 07, 2020 (GLOBE NEWSWIRE) -- FIREWEED ZINC LTD. (“Fireweed” or the “Company”) (TSXV: FWZ) is pleased to provide a year-end rev
About this update from Fireweed Metals Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Jan. 07, 2020 (GLOBE NEWSWIRE) -- FIREWEED ZINC LTD. (“Fireweed” or the “Company”) (TSXV: FWZ) is pleased to provide a year-end review of its 2019 results and work program on the large Macmillan Pass Zinc Project in Yukon, Canada. Highlights for 2019 Drilling at Boundary Zone intersected wide zones of potential open pit mineralization. Highlights are 100 metres of 7.94% zinc from surface including 6.4 metres of 42.88% zinc within 230 metres of 4.14% zinc. Initial ore sorting test results indicate Boundary mineralization may be amenable to low cost upgrading prior to processing. Commercial-scale ore sorting and metallurgical test work is planned for 2020. Drilling at Tom North intersected potential open pit grades on the north extension of the large Tom West Zone. Highlights included 22.5 metres of 6.13% zinc and 0.95% lead from near surface. Geophysical ground gravity and passive seismic surveys, geological mapping and geochemical sampling were carried out to identify additional targets for exploration. CEO StatementAfter reviewing these year-end results, Fireweed CEO Brandon Macdonald stated “It has been another great year for Fireweed at Macmillan Pass highlighted by excellent results on several targets. “Building on the 2018 Mineral Resource study which established Tom and Jason as one of the largest undeveloped zinc resources in the world and results of our PEA study which show the project to have robust economics, 2019 successfully continued to advance the project and expand the upside potential in areas beyond the known resources. “The prime 2019 highlight was drilling of our first holes at Boundary Zone and we were rewarded with very wide intersections of excellent open pit grades, and geological indications this may be a large feeder zone to yet undiscovered stratiform mineralization. Successful initial tests also indicate strong potential to upgrade Boundary mineralization through low cost ore sorting technology and significantly impact overall project economics. In 2020 we also plan to drill at Boundary toward an initial NI43-101 compliant mineral resource. Other 2019 drilling outlined potential open pit mineralization at Tom North and we continued to intersect high grades at Tom East. We plan another active season in 2020 and will provide details when plans and budgets are finalized....