*this isn't Norzinc, which is currently available for ten cents a pop, but rather *fireweed* CVE:FWZ in yukon ca.proactiveinvestors.com
Fireweed Zinc begins drill program at its Macmillan Pass zinc-lead-silver project in Yukon, Canada
The mineral exploration company said most of the drilling will be at the Boundary Zone, further testing the wide and high-grade mineralization intersected in 2019
Geophysical gravity surveying, geological mapping, geochemical sampling, and prospecting are all underway at the company's promising Macmillan Pass project
Fireweed Zinc Ltd ( CVE:FWZ) (OTCMKTS:FWEDF) announced on Wednesday that drilling has started on its 100%-owned Macmillan Pass zinc-lead-silver project in Yukon, Canada.
This is in addition to the fieldwork already in progress on the 544-kilometer property since July, that includes geophysical, geochemical, and geological work.
The Vancouver-based mineral exploration company said most of the drilling this season will be at the Boundary Zone, further testing the wide and high-grade mineralization intersected in 2019. New discovery targets will also be drilled, including the 240 Mile Target.
READ: Fireweed Zinc announces private placement to raise up to C$2 million to fund Macmillan Pass Project in Yukon, Canada
In addition, geophysical gravity surveying, geological mapping, geochemical sampling, and prospecting are all underway. Fireweed said an airborne VTEM-Magnetic geophysical survey over the western Fertile Corridor including the Boundary Zone area is scheduled to start shortly.
According to the company, drilling and fieldwork programs have been "further expanded" after a non-brokered private placement recently raising up to C$2 million.
In a statement, Fireweed Zinc CEO Brandon Macdonald said: “Two drills are now turning. The prime target this season is Boundary Zone where last year we drilled very impressive intersections including 100 metres of 7.94% zinc from surface including 6.4 metres of 42.88% zinc, the best holes ever drilled in the zone.”
He added: “We will also be drilling new targets based on geophysics and other fieldwork which have good potential for new discoveries. It’s going to be a busy couple months to accomplish the large work program we have planned and we look forward to seeing the results of our efforts.”
Core Drilling
The first drill began drilling last week and the second drill began drilling this week. Both drills will mainly be deployed to test the Boundary Zone high-grade core and zone extensions. Previous drilling at Boundary intersected wide sections of potential open pit mineralization. Drilling highlights from 2019 include 100 metres of 7.94% zinc from surface, including 6.4 metres of 42.88% zinc within 230 metres of 4.14% zinc.
Other targets the company plans to drill include the Bog Zone, which has significant historic drill results and is located north of Boundary Zone, and 240 Mile Target, marked by a large gravity anomaly that may indicate buried mineralization between the Tom and Jason deposits. |
